Business for Sale Overview:
Company Overview and History Oak Creek is a well-established nine-hole public golf course, 2,622 yards with a par 35 and driving range situated in a beautiful community setting. The tree-lined course, originally developed around 1977, offers an easy walk for golfers of all ages. In addition to the par 35 course, the property includes a clubhouse with a screened patio, restrooms, office, and various storage areas and buildings for carts and equipment. The Owners believe that the potential for the Course is great; however two of the owners are elderly and are at a point in their lives where they now feel that the time and effort to grow the Company, as well as the financial requirements to grow the business, are beyond what they are willing to take on at this time. Accordingly, they desire to identify a new owner to build on the improvements they have made to take Oak Creek to its next level of growth and success. Financial History Oak Creek operates entirely on its generated cash flow. Operating Revenues for the years ending December 31 were in 2004: $317,243, 2005: $299,388, 2006: $340,684, 2007: $385,621, 2008: $396,280, 2009: $387,428, 2010: $335,054. The fair market value of equipment, real property, and improvements is estimated at $1,286,000, which is detailed in the Financial Section of this offering memorandum.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
The Owners believe that the potential for the Course is great; however, they are at a point where they now feel that the time and effort to grow the Company, as well as the financial requirements to grow the business, are beyond what they are willing to take on at this time. Accordingly, they desire to identify a new owner to build on the improvements they have made to take the company to its next level of growth and success.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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