18 Hole Golf Course

KY

Seller Financing Available
18 Hole Golf Course

Asking Price:$995,000

Cash Flow:$100,000

Gross Revenue:$250,000

EBITDA:N/A

FF&E:$120,000

Inventory:N/A

Real Estate:$1,850,000

Established:1984

18 Hole Golf Course

Get Financing Save Print Share Valuation Report

Business Description

5000sf home available with 6 acres for an additional $499,000

In 2004, this course appraised for $1,100,000.00 not including lots or equipment. Being the only course around and with a 583,000 population in a 50-mile radius, this property has been running successfully for years. The owners built 9-holes in 1984 and soon added 9 more. In 2000, the whole course was updated.

Lots to sale: At least 28 lots remain available for sale around the course. All previous sales were sold under restrictions in place to maintain expected aesthetics of an upscale golf course. They have city water and gas (no city sewer, septic only – per 3/4 acre).

Note from Seller: Since the appraisal was completed, equity has been added. The appraisal did not include any equipment for maintenance of the course. We’ve added $100,000 in golf carts and $100,000 in paved cart paths. Finally, the appraisal did not include additional land that is being sectioned off and sold as house lots. Currently, several lots have sold at the price of $25,000 each. With approximately 30 lots left available for purchase, there is $750,000 of additional value in these lots alone. As you can see, there is $1,000,000 of added equity that was not included.

Strong potential for increasing revenue! Increase prices (now $24 for 18 and a cart)!! With land being available for development, this course presents a unique opportunity for a buyer looking for a property that has positive cash flow along with the chance to build new revenue generating facilities. Consider Condo Development!!!

Call or Email Brad Spear today! Phone: 615-290-3730
Email: Brad@Prime100bb.com

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Financing available

Listing Statistics for Premium Members

Ad#:1333222 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Brad Spear

Business Listed By:
Brad Spear

Prime 100 Business Brokers

Show Phone Number

View My Listings


Sponsoring Broker:
Rich DeLuca

Find out more...

Get more details about this business.


Similar Listings


Skyhawks Sports Academy

Franchise Opportunity In KY
Capital Required: $40,000