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Profitable Golf Related Business In Sunny S.E. Alberta For Sale

Medicine Hat, Alberta
Asking Price:
$1M - $5M (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Available on request
Cash Flow:
Available on request

A well established, recession-proof business which includes a year-round full service Restaurant & Special Events Facility, Executive style 18 hole Par-3 Golf Course, Driving Range, Practice Facilities, Golf Shop, Outdoor Event areas, and 2 onsite homes. With an 8 month golf season and an average of 45,000 rounds of golf each year, this is one of, if not THE busiest golf business in Western Canada. Consistent annual revenues support studies of Par 3 golf being a leader for the future of the sport. Our memberships and multiple golf leagues sell out consistently each year, and our restaurant is rated in the Top 10 overall in Medicine Hat on Trip Advisor.

Property information

Real Estate:

Lease

Lease Terms:

The lease is a long term, renewable lease, with 30 years remaining on the current agreement.

Leasehold Rent:

$36,000 (CAD) per annum

Living Accommodation:

There are 2 separate homes. The primary residence is a 4 bedroom, 2 bathroom bungalow with a wood burning fireplace. The second home is a 2 bedroom, 1 bathroom bungalow with an undeveloped basement for storage.

Location:

Nestled beside the Seven Persons Creek, just below the world's Largest Teepee in Medicine Hat, Alberta,

Premises Details:

The business includes more than 200 acres of leased land, a golf shop, driving range & practice facilities, club storage, maintenance shop, 3000 sq. ft restaurant, two outdoor function areas, and 2 homes.

Size in square feet:
213 acres

Business Operation

Expansion Potential:

While the land is leased from the City of Medicine Hat, there is an additional portion of city land in close proximity that is currently available for development. Architectural drawings have been drawn up for a potential campground facility.

Competition / Market:

The only Par3 Golf Course in Medicine Hat, was chosen as the city's favourite golf course for 3 years in a row, and is consistently listed on Trip Advisor as one of the top 10 restaurants in the city.

Reasons for selling:

The primary owners are interested in new business opportunities and preparing for retirement.

Trading hours:

Typical operating hours are 7am - 9pm during the 8 month golf season, 8am-8pm restaurant hours during the winter months.

Employees:
50
Years established:
36

Other Information

Support & training:

The General Manager is a shareholder and has been employed since 2010. They currently live onsite and are willing to continue in that role indefinitely or for a period of time deemed reasonable for training and support. In addition, many of the other key staff members (Grounds Superintendent and Crew, Bookkeeper, Key Restaurant Staff) have been part of the team for between 5 and 10 years.

Website:
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