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Golf Course Brokers, Inc assists “sellers” in all aspects of the sales process. We first work to know the property and its operations. We offer to prepare our Broker Price Opinion of Value (BPO) to determine the current market value of your golf course. We craft a marketing plan that will be successful as well as suitable for the owner’s needs and we prepare the necessary asset and economic information (offering package) for dissemination to prospective purchasers. And finally we manage the sales process for a successful and timely closing.
Golf Course Brokers, Inc. offers to assist “sellers” in all aspects of the sales process.
Our service can include:
I. Broker Price Opinion of Value (BPO):
We will make a site visitation to your golf course and completely analyze your golf course assets and economic information to determine the market value of your golf course.
Our analysis will include the following:
- Inspect all physical aspects of your property including clubhouse, buildings, facilities, irrigation system, equipment, golf carts, and Pro shop and food and beverage facilities.
- Visit competing golf courses in the area to assess your competition
- Research local land values to determine the pure land value of your property
- Review all financial statements and apply various economic analysis to include capitalization rates, discounted cash flow models and internal rates of return
- Gather information as to any needed capital improvements or deferred maintenance
- Discuss with you current operations and possible ways to enhance operations and profitability in the future
II. Offering Package:
We can prepare at no cost to you, a complete offering package that will display your golf course and answer many questions that potential buyers will have concerning your property for sale. This package will include collateral descriptions, financials, maps, demographics, photographs, etc. This package can be made available to qualified buyers by electronic e Mail or hard copy. All potential buyers will be pre qualified for financial ability and asked to sign a confidentiality agreement to protect the integrity of your golf course.
At our expense, we can advertise you golf course for sale on the Golf Course Brokers, Inc web site, and with the National Golf Course Owners Association (NGCOA), Certified Commercial Investment Members Institute, Loop Net and other appropriate advertising vehicles. We can advertise your golf course for sale without revealing the golf course name or specific location to try and keep the sale of your golf course discreet.
IV. Sales Process:
We offer to assist sellers with the complete sales process. We can assist with negotiations and contracting, help you hire an attorney to represent you; help chose a Title Company to handle the closing, help with the property inspections and due diligence process. We can stay with you all the way through closing.
Golf Course Brokers, Inc. now has an affiliation with a commercial real estate Auction Company with 27 years experience with auctions. We can offer you the option to list and sell your golf course, attempt to auction your golf course with no obligation to accept the offered auction bid, or do a combination where we attempt an auction and then revert back to a list and sell process if the desired bid is not received.
Golf courses and country clubs make up a small niche market. Golf Course Brokers, Inc. is a full service golf course broker with superior education and experience credentials that works full time in the golf course market. Please visit our web site at golfcoursebrokersinc.com or call Tommy Cummings, CCIM at 936-788-4622 to learn more about what we can do to help you achieve your goal.
Exit Strategy Valuation (BPO)
We offer to visit your golf course and prepare a Broker Price Opinion of Value (BPO) to help you know what your golf course could sell for today. In addition to the financial analysis which is designed to determine a valuation based on comparative capitalization values and risk analysis over holding periods not unlike typical appraisal processes, we will also provide analysis that is meant to tell a “seller” what we can realistically expect to get for the property today versus” what one thinks the property should be worth” based on projected future incomes.
GOLF COURSE OWNERS:
Golf Course Brokers, Inc. offers to perform site visitations, due diligence analysis and prepare Broker Price Opinions (BPO) reports on Golf Courses and related properties anywhere in the USA.
- If you are a Golf Course Owner that is considering selling a golf course or you just want to know what your golf course is worth today;
Golf Course Brokers, Inc. can provide a professional BPO for you based on many years of experience and education.
We have performed over 1,000 BPOs for Banks and Savings & Loans and Golf Course Owners
WHAT WE DO:
We offer to make a site visit to your golf course to inspect your golf course and actually play the course weather permitting. We will inspect your clubhouse, all buildings and facilities, irrigation system, golf carts, equipment, etc. We will visit other golf courses in the area to assess your competition and we will research comparable local land values where applicable to determine the pure land value of your golf course. We offer to meet with you in person to discuss your golf club operations and learn about the history of your golf course as well as current conditions and future plans. We will review with you your golf course financial statements, property taxes, water availability and cost and other operational and financial issues. We will perform all financial analysis including capitalization rates, discounted cash flow models and internal rates of return to determine the economic value of your golf course. We will offer any ideas that we may have as a consultant to help you improve on the current operations and resulting profitability of your golf course based on our years of experience in reviewing and analyzing golf course operations.
Our due diligence trip usually requires three days and two nights depending on travel time on our part. We can usually give you a verbal ball park valuation when we complete our due diligence meeting provided all necessary information is available at the time of our visit to your golf course. We attempt to gather as much of the needed information as possible before we travel to your golf course.
A BPO is not a complete Certified Appraisal and is not intended to be. Our BPO is intended to help you know “what the current market price of your golf course should be if it were sold by you today”. Some people refer to this as an “Exit Strategy”. A certified appraisal typically tells you what a golf course could be worth based on future income projections and not what it could be sold for today.
Our BPO can usually be provided to you much cheaper and much faster than a typical certified appraisal.
We can verbally give you our ball park price opinion immediately after completing our due diligence visit and we can usually deliver our complete formal typewritten Broker Price Opinion report within ten days after completing our due diligence trip.
Please call Golf Course Brokers, Inc. at 936-788-4622 or e mail me at Tommy@golfcoursebrokers.com today to discuss how we can provide our Broker Price Opinion (BPO) on your golf course. We look forward to the opportunity to serve you.