SIC 7992 | NAICS 713910
The following guide to industry information, research, and analysis provides sources for industry trends and statistics, market research and analysis, financial ratios and salary surveys, and more.
Select from the following sections or scroll below to view available resources:
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Industry Analysis, Trends, Statistics, and Forecasts
Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:
Golf Business Magazine
Monthly trade journal features news and information for course owners and managers with a focus on a specific type of property in each issue (e.g., single-course, multi-course, private clubs, and resorts), and special features including the annual "Year in Review and the Look Ahead" (November/December issue) and "State of the Industry" (January issue) reports. Digital flipbook editions are available online.
First Research profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:
GIE Media, Inc.
State of the Industry Report
Annual report provides information on current business conditions and concerns and expectations for the year ahead based on a survey of golf course superintendants, with topics addressed in the report including operating budget, capital budget, financial condition, profitability, maintenance crew staffing, personnel recruiting issues, and industry concerns. Current and prior reports are available free online.
Publications available from this trade association include:
U.S. Industry Overview
Facilities in the U.S.
Participation in the U.S.
More Resources ››Industry Financial Ratios
Financial Statements and Financial Ratios
Golf Courses and Country Clubs
https://www.bizminer.com Search for "713910"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
Operating and Financial Performance Profiles
Financial benchmarking report provides information on revenue, expenses, capital expenditures, and other measures for 18-hole-course facilities, with financial data broken out by facility type (e.g. public, private), climate region (e.g., Sunbelt, Frostbelt), and total annual revenues. National summary report which provides averages for daily fee and private 18-hole courses is available online with registration.
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Compensation and Salary Surveys
Compensation and Benefits Report
Comprehensive compensation and benefits survey provides total compensation data for 29 job titles, with survey data broken out by type of facility, gross revenue, and number of holes available and job titles covered in the survey including general manager, superintendant, sales and marketing director, membership director, head golf professional, accounting manager, and food and beverage manager.
Compensation and Benefits Report
Biennial compensation and benefits survey provides salary and hourly wage data for superintendants, assistant superintendants, equipment managers, and maintenance crew positions, with survey data broken out by facility type (e.g., private, daily fee, semi-private, and municipal), facility demographics, annual maintenance budget, GCSAA class (A, SM, CGCS), GCSAA chapter, state, and metro area.
Free online service provides salary, bonus, and hourly wage rate data for selected job positions in this sector, with job positions for which salary or hourly wage data is provided including general manager, head course superintendant, assistant course superintendant, head golf professional, assistant golf professional, food and beverage manager, groundskeeper, greenskeeper, and irrigation technician.
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Business Valuation Resources
Golf Property Analysis and Valuation: A Modern Approach
Larry A. Hirsch, MAI, Appraisal Institute, 2016
Comprehensive valuation guide explains how to analyze and value golf properties, with topics covered in this publication including types of courses, market analysis, course styles and layouts, other design considerations, ownership, management, and governance structures, approaches commonly used in valuing properties, unique valuation considerations, and common issues encountered by appraisers.
Golf Investor & Lender Survey
Annual survey provides information on investment and financing criteria for golf properties based on input from investors, brokers, lenders, and other survey participants, with measures covered in the survey including overall capitalization rate, terminal capitalization rate, net income multiplier, gross income multiplier, discount rate, income and expense growth rates, and broker sales commission.