How do you determine the value of a golf course? As with most property types, golf courses can be valued via the income approach, sales approach, or cost approach. Each method has its limitations. Given the specialized nature of golf course properties, the application of the comparable sales approach is preferred.
Is owning a golf course a good investment? Golf course properties typically have great resale value, selling at two to three times that of an average home – which is a magnet for investors.
How profitable is running a golf course? Profitable golf courses are generally selling for six to eight times EBITDA, while courses that aren’t profitable tend to sell at 0.8 to 1.4 times revenue.
How much profit do golf courses make? Golf Course Owners make between $30,000 to several hundred thousand dollars per year. However, golf course owners sometimes will lose money if the course has a bad year.