Several questions arise when discussing today’s Private Country Club’s survivability. What is causing Country Clubs to fail? What can Country Clubs do to avoid bankruptcy? What is the attitude towards Country Club lifestyle by the next generations golfers? Just to mention a few. I discussed most of this in my recent blog..Why Are Country Club […]
A friend asked me to join him for a round of golf at his favor golf course. I graciously accepted since I knew the golf course had been updated with a new clubhouse. Since my club is in desperate need of a New Clubhouse I though seeing what the impact of a New Clubhouse on […]
Why country clubs feel that lowering the initiation and membership fees to the younger generation will help improve revenue is a complete mystery. If someone 35 year old is not able to afford a country club members what makes the club feel they will be able to afford it when they turn 36 years old.
Sitting tight would be the wise thing to do, but if the infrastructure of a country club is costing more a month to repair than the monthly interest on a capital improvement note then maybe sitting tight is not the right answer.
Increasing revenue is the optimum option which would usually mean raising membership fees or bring in new members. The thinking that these two options are the only ways to raise revenue is where most governing boards and owners of country clubs begin to limit themselves.
