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Originally Posted by tophcfa
You have me curious, how do you know that? Are you privy to the financials?
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I don't need to see the financials. I know what it costs to run golf courses and golf course revenue in TV, is basically public information. You can look at the Tee Sheets and see how many Tee Times are sold and interpolate revenue.
To say nothing of the fact, the Developer (who's very smart) kept building courses, right through the bad times and we're now in the biggest golf boom since the late 90's.
Quote:
Originally Posted by jimhoward
Wow, that would be amazing if true, and I assume it is or you would not have said it. Most golf courses are not profitable.
Because of my irrational attraction to golf, I have, on three separate occasions in my life, looked into buying a golf course, and got to the point of receiving financials. In each case they were terrible. Of course these were not in the Villages. Its nice to hear that some are making good money.
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Pre-Covid, golf courses were selling for about 1 times revenue. These days, golf courses are running 4-6 times revenue. Obvious every case is different, but it's a pretty good business these days.