About a week ago we announced the new listing of the River Bend Golf and Country Club located along the Sacramento River in Redding, CA in Northern California. We have had some initial interest, but some basic questions have come up from prospects, so thought I would explain the course and the club as I see it. First, we are offering the Course at $1,500,000, and we are hoping for new financing, but all offers will be considered. Secondly, this is called an “executive course”, meaning that it is a shorter course, and being 9 holes, can be played in a few hours, versus a big part of the day. Thirdly, it was initially designed to be used by the surrounding neighborhood and was thought of as a semi-private Club. It is now a public golf course and is available to all interested golfers. The Club House has a small but very functional pro shop and a restaurant that can handle small banquet functions. Over the years, the restaurant has served breakfast, lunch, and dinners….so is a fully functional and operational kitchen. Fourth, does it make money? As with all businesses, management, economy conditions, and the specific nature of the business are all factors in the degree of success of a business. So it is with this Club. Times have been very good and not so good, as is the US economy today. In terms of specifics, there are areas that profit could be increased, such as with the Cart rentals, the restaurant operation, and the numbers of users. Is there an upside to this business….most certainly. Golf is here to stay, and this course is ideally located not only in one of the most desirable locations in the North State but in relation to Redding and Anderson and Interstate 5. It is easy to get to. Would I buy it? Absolutely, if ……(1) I was a golfer (2) if… I had an interest in buying a business that I could grow, (3) if…I was a golfer and retired and had the money to buy a course that I could play on as desired, write off expenses as a typical business, and know that I would have a business of the future that I could pass on to others, and (4) if…I was younger and could market to the growing younger golfers, which I see as a real key to the ultimate success of this kind of course. Golf, with the continuing emphasis in the schools, will continue to grow in popularity among a larger percentage of the population, and a smaller course like River Bend will always have a draw.
So, if you fit any of the above, please contact me e-mail is ronlargent@kw.com or the website is www.ronlargent.com
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