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PRACTICE FACILITY
DEVELOPMENT
Whether you are considering a brand new
development or the modernization of an existing facility, on
or off course, the opportunity for GOLF PRACTICE FACILITY DEVELOPMENT
has never been better.
Recent studies show that the U.S. golfing
public has grown to more than 25 million (roughly 10% of the
entire U.S. population) and the game attracts upwards of two
million beginners each year.
The growth potential is evident. Golf courses
far outnumber stand-alone ranges in the U.S. There are close
to 18,000 courses versus some 2,200 ranges. Stand-alone ranges
are serving many types of golfers. This type of facility will
appeal to new golfers who are eager to learn a new sport as well
as the experienced golfers who want to improve their game. A
new National Golf Foundation study shows that off-course range
goers – which now totals 17.8 million – has been growing
at a compound annual growth rate (CAGR) of about 9% or by about
1.3 million a year since 1994.
If you compare this rate of growth to the
U.S. golfer population, which has only grown at about 2% or less
than 500,000 a year over the same period, you have to wonder
what the growth in golf participation would have been without
the 9% growth in range participation.
Over the past few years, the interest in
developing new and renovating existing Practice Facilities has
increased dramatically. The demand for golf has outgrown the
supply.
Our consultants have the experience, practical
knowledge and understanding of the needs of the Practice Facility
business. We have actively participated in all aspects of the
Practice Facility business including site selection, range design
and operational management. Since it is more likely than not
that you will be operating the facility and your money will be
tied up in the project, we can assist you in conducting your
own feasibility analysis before you get involved. Knowledge of
the project and the surrounding market is the first step towards
a successful plan. We can also act as an independent consultant
to provide information necessary to help you meet lender or partnership
requirements including report documentation.
Our level of involvement in a project can
vary from simply reviewing a set of plans to complete on-site
consultation to a full management role for a turnkey Practice
Facility development. Call us for a list of consultation references
and a consultation rate schedule.
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