Golf Driving Range & Pro Shop
Location Virginia,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $3700000
Net Profit / Cash Flow $150800
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1990
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Owned
Description Golf Driving Range, Pro Shop, Minature Golf Course, and Batting Cages complex with paved parking lot. Sits on 14.4 acres of potential development property. Some owner financing available to qualified buyer. Profitable business with well maintained buildings, grounds and equipment, located on 14.4 acres of potential development property. Colleges close by with total enrollements over 40,000.
Asking Price $2,719,000.
Revenues $370,000.
Cash Flow $150,800.
Asking Price Notes Partial owner financing available to qualified buyer. Pro shop inventory is additional.
Revenue Notes Gross sales grew over 8% in 04 and 05, and grew over 50% in 06. A 2300 square foot pro shop was added in 2005.
Reason for Selling Retirement.
Entity Corp.
Number of Employees 3.
Number of Employees Notes 1FT, 2PT.
Payroll 1,700 (employees).
Licenses Business.
Parking Ample private lot
Hours Mon - Sat 9AM to 10 PM Sun - 12 noon to 10 PM Winter - 9AM to 6 PM
Building Size 2300 square foot pro shop (built in 2005).
Utilities $550.
Utilities Notes All utilities including phone.
Equipment All office and maint equipt. List to be provided.
Inventory Pro shop inventory additional - approxamately $80,000.
Contact for more information on this Golf business for sale.
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