Golf Courses and Driving Ranges

Golf Courses
http://www.firstresearch.com
Profiles cover key aspects of an industry's size, scope, and operations, recent news and developments, industry trends, risks, and opportunities, and include a five-year industry forecast. Profiles are updated quarterly and include:


National Golf Foundation
Information resources available from this organization include:

U.S. Golf Industry Overview
http://secure.ngf.org/cgi/catalogsearchresults.asp
Publication provides a summary snapshot of the industry, with topics covered including participation trends, rounds played, course development, and retail equipment sales.

Golf Facilities in the U.S.
http://secure.ngf.org/cgi/catalogsearchresults.asp
This statistical report provides an annual look of the U.S. golf supply and size as determined by their number of holes. It also reports on new courses, courses in planning, and courses under construction. Numerous tables and figures illustrate current golf course supply.

Golf Participation in the U.S.
http://secure.ngf.org/cgi/catalogsearchresults.asp
Report includes annual participation rates by frequency of play and golfer segments. Demographic profiles segment golfers by age, gender, household income, education and occupation. Regional summaries show participation proportions.

Profile of Golf Practice Facility Operations
http://secure.ngf.org/cgi/catalogsearchresults.asp
Report provides an overview of the golf range industry. The report contains two sections based on two separate research surveys: Financial Profile and Operations Profile. The Financial Profile section examines a sample of golf ranges in terms of revenues and factors that influenced gains and losses. The Operations Profile looks at a sample of golf range facilities and examine market share including lighting, irrigation, range equipment and equipment brands.

Indoor Ranges & Golf Entertainment Centers
Miniature and Putting Courses
http://secure.ngf.org/cgi/catalogsearchresults.asp
Collection of articles dealing with indoor golf facilities and entertainment centers and miniature golf facilities and putting courses.

Golf Courses and Country Clubs
http://www.ibisworld.com
Reports provide in-depth industry analysis and a five-year industry forecast, with special focus on the underlying structure and external forces and relationships that affect an industry and its performance. Report sections include:


National Golf Course Owners Association
Golf Course Operations
http://www.ngcoa.org/  Select "Member Services - Publications & Manuals"
Publications include operating data for golf courses. See website for complete list of available publications.

Industry Market Research Reports
http://www.marketresearch.com
In-depth business market research reports include information on market size and market segmentation; marketing strategy; product and market forecasts; business trends, risks, and opportunities; key participant profiles; market share data; and more. Summary abstract and detailed table of contents for each market research report is accessible free online.

Industry Market Analysis Reports
http://www.bizminer.com
Industry statistics include industry sales and sales trends, market size and market share by sales class, average company sales and sales per employee, staffing and employment trends, business start up activity and failure rates, and other business statistics on a national, state, and metropolitan area level. Sample market analysis reports can be viewed free online.

More Industry Research and Analysis
For more business research and analysis available from Standard & Poor's, Freedonia, Euromonitor, Dun & Bradstreet, and other sources—including key business statistics, market research and analysis, and business trends and forecasts for a wide range of industries, see Industry Overview, Issues, Trends, and Outlook.


Industry Financial Ratios
http://www.bizminer.com
Five-year comparative financial statement analysis includes income statements with expense detail, balance sheets, cash flow statements, and key business and financial ratios. Reports are available by sales size range, and also in small business, sole proprietor, and business start up versions. Sample reports with detailed financial ratio analysis can be viewed free online.

National Golf Foundation
Operating and Financial Performance Profiles
http://secure.ngf.org/cgi/catalogsearchresults.asp
Comparative information for these golf practice facilities is presented in tabular form for operating data, facility and maintenance data, operating characteristics, employee compensation, and facility staff data. Some of the items analyzed are: revenues, expenses, type of facility, years in operation, tee stations, water use, amenities, instruction, bucket sales, and memberships.


National Golf Foundation
Golf Facility Employee Compensation Studies
http://secure.ngf.org/cgi/catalogsearchresults.asp
These publications are based on a survey sent to the owners/operators of golf facilities with 18 or more holes. The studies provide salary and wage data for 29 positions typical to the golf facility. The studies show the percentage of staff positions who receive insurance and other benefits. Demographics, professional affiliations, and time in current position are also tracked. Each volume shows differences in compensation between U.S. total, Sunbelt and Frostbelt. Additional cross tabulations are provided in an appendix: salary by facility size; by employee age; and by years in current position.

National Golf Course Owners Association
Compensation and Benefits Report
http://www.ngcoa.org/  Select "Member Services - Publications & Manuals"
Report covers compensation levels for over 20 key employees at both private and public golf courses, including general manager, director of golf, golf professional, superintendent, food and beverage manager and more.  Additional information on vacation days, health insurance type and premium/deductible levels, and retirement benefits.  The report also covers fringe benefits, such as allowances for meals, vehicles, cell phones and professional association dues.

Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Landscaping, Groundskeeping,
Nursery, Greenhouse, and Lawn Service Occupations
http://www.bls.gov/oco/
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is free online.


Analysis and Valuation of Golf Courses and Country Clubs
Arthur E. Gimmy, Buddie A. Johnson, Appraisal Institute, 2003
http://www.amazon.com/exec/obidos/ASIN/0922154783/wwwvaluationreso/
Text provides background information on golf industry data and trends and includes chapters focusing on facility and market analysis, the valuation process and income, sales, and cost approaches, and specific analysis of municipal, daily fee, and private courses, and golf course community projects. Table of contents is available free online.

The Society of Golf Course Appraisers
http://www.golfappraisers.com/
Website includes free articles and geographic member directory.

Small Business Valuation Formula Multiples
Golf Courses and Driving Ranges
http://valuationresources.com/Misc/ValuationMultiples.htm
Report provides small business valuation formula multiples for golf courses and driving ranges and more than 200 other industries. Valuation multiples are derived from market transactions as reported by BIZCOMPS®, with the primary focus on small companies priced at less than $1 million.



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