Business For Sale

Golf Club and Wedding Venue & Catering Facility

Newport, NH
Sullivan County


Asking Price: Annual Revenue:
$1,000,000 $700,000

Recreation: Golf Courses & Golf Related


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RE: Golf Club and Wedding Venue & Catering Facility Broker: John Catsam

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $700,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: $800,000
Year Established: 1920
Employees: 14
BBN Listing #: 776355630
Broker Reference #: Not Disclosed

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Business Overview:

Newport Golf Club is a picturesque 18 hole course, nestled in the Sugar River Valley in the Dartmouth-Lake Sunapee Region. Established in 1920 and expanded and reconfigured in 1989, Newport serves as the host to one of the largest men's leagues in the state, and has a membership base as well as public play. Sale includes all equipment, buildings, as well as established tournament schedule.

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Property Features and Assets:

Sale includes 18 hole Championship Golf Club, 163 acres of property Club House with two full bars and upstairs function room, full service kitchen, full touch screen POS system, Pro Shop, rental clubs, and inventory, 8 camera surveillance system Full Driving Range and practice area, ball picker, range balls, range cart, mats 59 Club Car Golf Carts Event Pavilion and wedding venue with bar set up and refrigeration, Cement Patio and walkway, tables and chairs, storage shed, two grills with propane tanks, pop up tent, umbrellas with stands Maintenance shed and equipment, mowers, sand pro, three tractors two with bucket loaders, Two utility carts, Toro workman, all hand tools, weed wackers, blowers etc. Two unleaded fueling stations and one diesel fueling station Full Irrigation System, water drawn from Sugar River, VFD controls, pump house with 20 and New 60 horsepower pumps fully updated in 2018 including all new pick up lines and step valves, auxiliary pump and station

Market Competition and Expansion:

The golf industry in New Hampshire is seasonal basically April - October, with that in mind there is real room for growth as a restaurant and catering facility developing a year round income. Our Pavilion is one of the largest and nicest venues within the Dartmouth - Lake Sunapee Region and with the addition of a heating and cooling system in the pavilion all hook ups are in place, the venue could be used year round.

Reason for Selling:

retiring

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.

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