Golf Inc., a publication for golf owners and management
companies, recently published an article by Katie Thisdale that counters the
claim by many that golf is on the downswing. In fact, there are many mega clubs
with revenue from$20 to $60 million annually.
Using publicly available documents and reviewing the tax
returns of more than 150 non-profit clubs in golf, they seem to show that the
bigger the club is, the better. Most of the mega-clubs, according to their
findings, are in metro areas or second home communities. In addition, they are
not golf only facilities. They have
plenty of amenities to keep everyone happy.
According to their findings, there is no one right way to
get to success. Some clubs charge high
dues and others have many members at lower dues rates. Four clubs had revenue of more than $40
million: Boca West in Boca Raton, FL--
$66 million, Desert Mountain, Scottsdale, AZ -- $63 million, The Olympic Club
in San Francisco $54 million, and The Country Club of Virginia in Richmond, VA --$41
million.
At least 100 clubs had revenue of more than $15 million.
- Kathy Bissell
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