If we all pitch in $5… lol.
This is one of the more worst rated courses in our area. Owners and marshal are solid dickheads… but soooo much potential here. Right off Highway 401 in Ontario, border of Quebec. Public course, 27 holes. Course itself is ok. Greens can be stanky.
Heritage Golf Country Club – Lancaster, ON
Here is the listing below.
https://www.realtor.ca/l/bSURM/ja
Has there ever been a golf course purchase by Redditors? I reckon ye put $5 towards it and get a round of golf next time you’re in Lancaster, Ontario. 🤣
by H1tlerwasaLeafsfan
50 Comments
Never owned a golf course but I’d fully expect owning a golf course sounds like such an awesome idea until you actually own one and realize how much of a headache it is in reality. Similar to owning a bar or a boat.
Best part about a 27 hole course is that you can pretty easily convert it into a championship length 18 hole course if ya have the funds.
https://preview.redd.it/ha08x118x29f1.jpeg?width=1179&format=pjpg&auto=webp&s=0503dc8937a2e695163b803f762976a1b117fbf1
Buy it
I’m sure owning many acres of land that needs consistent maintenance in an area where it’s probably only open for half a year is a solid investment.
I got 5 bucks. Who’s in?
How many Freedom Eagle Buck$ is 3.1m Canadian Loonies?
I’d throw down. Make it a 20.
Would be interested to see if there was actually a way that r/golf could make this work. Can imagine it turning into a shitshow before long.
Whole sub pitches in $2 each and we’re golden
I mean, we all could do a shared ownership co-op. You kick in money that counts to a certain percentage point. After sale, your percentage is the amount you own of the company, land value, and future profits/loss…
Anyone a lawyer?
I think it’s more like $1.90 per redditor on this sub, but then you have to factor in the conversion rate
I got five on it
Tell you what. If you all CashApp it to me, I’ll make the purchase $golfer999
I got 5 on it
I’m good to pitch in $3.50…
If I put in $6 does that make me a majority owner?
It looks like it need about 1-3 million in renovations. Does it have a range? They say the course covers 145 acres, that is pretty small for 27 holes… Does it have par 5’s on the 18? How far away are other courses? So many questions before putting that kind of money into a business…
I’d bet owning a golf course is like owning an exotic sports car. Owning it is one thing, maintaining it is where they get ya!
I’ll give you two fiddy
Also includes a small 4 bedroom house, a large room for events, a solid kitchen, and a great bar and pro shop.
Place looks cool. Also looked like some fun holes out there.
2.25M USD for 200+ acres with an existing structure and 27 holes? Different area with different demographics than where I am, but that would be the dream right there.
Update the building and turn it into a stay and play type situation for a handful of rooms. Acreage to build a clubhouse / simulator building. Get rid of 9 and turn it into an 18 hole course with the a 55+ community (not sure if that’s a thing in CA) since the Lancaster median age looks like it’s ~53 based on a quick google search. Lots of options!
Having a golf course with thousands of owners sounds kinda fun. Are you planning on managing this place?
I really feel like this would be a terrible investment if you are hoping to make money on the golf alone. More and more it seems as though courses rely on being premier venues for weddings and other events in order to make profits – the golf is more of a side hobby.
A friend of mine sold a business he bought and turned around for millions of dollars. He then bought a country club. He says it was the worst decision he’s ever made.
Irrigation issues, disease in the grass, equipment maintenance, hr issues, issues with the city govt, etc ..so no thanks. Lol
In for $100
Damn, that seems pretty cheap for a 27 hole course?
I got 5 on it
“More worst”. Yeah I wouldn’t get in business with you
Imagine a golf course owned by a reddit community…wait…that doesn’t sound so bad
Buy it, remove nine holes, build an indoor heated golf facility that opens to the range, keep that open all 12 months of the year so you generate revenue in the winter.
Removal of the holes cuts down on maintenance costs/ water etc. Bring in a fitter, attract coaches, use rent out the facility in addition to the range use.
If all the members of this subreddit could donate $2.50 we could own this course!!!!
We will all make the pilgrimage if you buy it.
I would like to own 3 golf holes. A replica of Amen Corner. I assume this would be substantially cheaper and much easier to maintain.
I’ll pitch in 10 doll hairs
We could do it like the Green Bay Packers, community owned
Thats right near me! Never golfed there tho
Lmao no way, I play this course at least once a week, it’s cheap, can always get a tee time and the shade from all the trees makes it nice to walk. An absolute abyss for balls if you suck at golf like me, and it’s a course that definitely has tiling and drainage issues. Fun place, hope they sell and the new owners do well!
I’d throw in $20
Looking at the satellite view and its location, it could definitely be turned into a great course, championship level even. Would take a fair bit of $$ though.
Would need some solid investment to make it profitable. Biggest would be redesign.
Best bet would to make a solid 18 hole course and a 9 hole par 3 course, (think Cradle at Pinehurst). I know a lot of places that have done this and it’s been a huge profit center.
Put a small but cool inside/outside bar at the par 3 course. This would keep groups at the course longer or bring in more people who want to have some pitch and putt fun. Or make it big enough to be a place where people would come to the bar regardless of playing or not. Think birthday parties/corporate events – maybe glow balls for night par three fun.
Depending on the current layout, this would be a big undertaking. Would need to lengthen some holes and add some undulations near the greens/tees. Currently looks to be way too flat for a solid course design.
Add a range and even a “hole in one” contest hole where people can bet $10/20 for a cash prize if they get a hole in one. There’s one of these in New Zealand that prints money.
Background: got to be witness a similar process with a large investment group about 5 years ago (I was not involved financially unfortunately, just a golfer who was asked for opinions). Covid happened and it didn’t go through but a lot of our ideas all of a sudden started “randomly” popping up in courses in the area 😂)
Golf has been very good to me so I’m in to help grow the game. If the purchase was crowdfunded, I’m sure it could support itself with greens fees. Where do I send my loonies and twonies?
3.100.000 would require half of r/golf to donate $5 but your in Canada so I’ll keep my 5ver
I’ve talked to the board chair at my course (Great Lakes area). He said every year is a battle with the weather to see if they’ll break even.
Wednesday is men’s day, and everyone drinks a ton. If we get an early spring/late winter and Wednesdays are nice the club has a surplus at the end of the year. If there’s a bunch of cold/rainy Wednesday’s the club is in the hole at the end of the year.
I’d imagine up in Canada they’re even more dicey based on weather. If the course isn’t in a populated area and they don’t have a big membership base it’s gonna be even harder to come out ahead.
If it’s not a big money maker, you’re investing in something that will just suck all the joy out of your favorite hobby. Seems like a fun idea until you think about what reality would be.
A course here outside Portland was the same thing, sell it as a $8 million dollar golf course, or 50million and turn it into 900 homes….. there is no golf course now.
Where are you getting the $5? At 1.6M members that’s $2 each, and since its Canadian the Americans only need to put in $1.46 with the conversion.
EDIT: But if we do get $5 it allows upgrades to the course and can even hire a board to run the thing. Dont want over a million people making the decisions
I grew up in a small town with two 18 hole courses around 30 minutes from each other and a bunch of nicer courses within an hour like Goodyear and a bunch of nice courses in the Raleigh/Durham area. I grew up on the course and it was pretty nice when I was younger. Unfortunately fraud, mismanagement, difficulty in keeping a qualified greenskeeper and the aging/difficult members ran the course into the ground. They ended up getting into debt, couldn’t upgrade equipment or any of the facilities so everything kept bleeding them dry. My grandfather took over the management and only paid himself minimum wage to run the course, essentially doing it for free because he was retired. At the end of its life cycle my old golf coach took on the debt and ran it for a few years but could just never recover. It’s really expensive to run a course, it’s impossible to keep good employees and without funds to make upgrades it’s almost impossible. I’d caution anyone who wants to own/operate a golf course. Even the course that I’m a member of now seems to come with their own issues and it’s at max capacity in membership.
Who in here is a lawyer and real estate agent?
Best way to make $10M owning a golf course is to start with $50M.
Can you buy it as a conservation project and restore it to nature?