Business Brokerage ● Mergers and Acquisitions
Asking Price: $975,000
Gross: Golf only - $725,000 (2008), $714,000 (2007), $687,000 (2006), Realizable Potential: $1.5M to $2M
Summary: Currently two entities hold operating interest in this Golf Training Facility with 44 remaining years in the facility master lease. Dissolution of the owning partnership creates a unique and rare opportunity to purchase this beautiful golf training center with its numerous amenities and unlimited potential. This full-service golf training center includes a scenic and well-conditioned 37 acre driving range, exclusive golf instruction and retail sales rights, outdoor pool operation (private membership), state-of-the-art indoor golf training center and rental revenue from an onsite restaurant. Additionally, there is the ability to expand on the property with potential room for miniature golf and development of over three unused acres. This is a turnkey operation and has a favorable lease, extremely low fixed expenses, and awaits new ownership with the vision and energy to maximize its potential and profitability.
Facility: This attractive training center is located in a busy and heavily populated suburban community West of Boston. The gross disposable income that surrounds this is one of the highest in the United States. The property is easily accessible from the surrounding commercial businesses and bedroom communities, and is one mile south of the Natick Collection. It can be accessed from Rout 9 or the Mass Pike, less than five minutes from the exit.
The property contains a large driving range with 75 mats, all with usable grass areas in front. The range extends for 320 yards at its longest point, with a slight elevation from the hitting areas, providing a scenic drop to several target greens. The property was originally configured and operated as a nine-hole golf course, leaving behind outstanding contours, open space and plenty of grass. There is a large chipping green (enabling practice shots from 50 yards or more), huge putting green (60’ x 120’) and sand trap that surrounds a third practice green. The range has a shed used for ball cleaning and range bucket sales and a large maintenance building conveniently located at the far side of the range. The irrigation is provided by an on-site pond with four wells providing for a very cost-effective water usage program.
The main facility has ample onsite parking for its business needs. The building itself holds a 10,000 square foot
indoor training center, complete with 6 hitting bays, two isolated video teaching bays, a 40 foot putting green and
three golf simulators. Additionally, a full service retail shop, club repair area and kiosk greet the customers.
Opportunities: Increased sales and profitability should be very obtainable through unification and management of this business under one owner. Additionally, the onsite restaurant will provide rental revenue for the buyer. The estimated seating area is 2,500 square feet (plus an outdoor patio) and is serviced by two commercial kitchen areas.
The Seller has provided this business information. The broker does not certify or warranty this information.
Call Bob Karlis, Business Broker, at 781.749.3087 or email to bkarlis@cabotbb.com for more information.
160 Central Street Hingham, MA 02043
Tel. 781.749.3087 Fax 210.749.3340 bkarlis@cabotbb.com