Willow Park Golf Course

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Golf Course Business Plan

Company Summary

The Willow Park Golf Course is located in the expanding Crest Canyon area. This 18-hole facility offers a challenging layout and beautiful views. The property includes a Pro Shop, driving range, cart barn, maintenance buildings, and a pavilion that seats up to 50. Willow Park Golf Course also will have an on-site snack bar.

The facility was the Crescent Hills Golf Course for ten years before closing in 1999. Most of Crescent Hills Golf Course assets were sold in 1999. The property was bought by Claremont Properties in 2000 for $2,000,000. Since the purchase, Claremont Properties has been seeking a leasing arrangement that would reopen the facility. In the interim, the new owners have completed repairs on the Pro Shop, snack bar, cart barn, maintenance shed, and driving range. Claremont Properties owns 4,000 condo units in the Crest Canyon area. The company also owns Willow Park Condominiums which borders Willow Park Golf Course. The Willow Park Golf Course will form a strategic alliance with Claremont Properties in promoting and advertising the new golf course.

Willow Park Golf Course will require extensive landscape work. This work will be performed during the three month period (October-December) before the course opens in January. In addition, the following new equipment will be purchased:

  • Driving Range Equipment
  • Greens and Landscape Maintenance Equipment
  • Food Service Equipment for the Snack Bar

Thirty-six golf carts will also be leased to assure that there is sufficient transportation for all members and guests. Willow Park Golf Course will have a staff of four to maintain the golf cart pool.

2.1 Start-up Summary

Marty Snyderman, Palmer St. Andrews  and Luke Roth will each invest in the venture. They will also secure a long-term loan.

Start-up Expenses
Legal $5,000
Stationery etc. $400
Brochures $6,000
Pro Shop Setup $50,000
Landscape Development and Repair $280,000
Food Service Equipment $20,000
Insurance $4,000
Driving Range Equipment $80,000
Lease Golf Carts $10,000
Greens/Landscape Equipment $170,000
Other $0
Total Start-up Expenses $625,400
Start-up Assets
Cash Required $34,600
Start-up Inventory $30,000
Other Current Assets $0
Long-term Assets $210,000
Total Assets $274,600
Total Requirements $900,000
Start-up Funding
Start-up Expenses to Fund $625,400
Start-up Assets to Fund $274,600
Total Funding Required $900,000
Non-cash Assets from Start-up $240,000
Cash Requirements from Start-up $34,600
Additional Cash Raised $0
Cash Balance on Starting Date $34,600
Total Assets $274,600
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $300,000
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $300,000
Planned Investment
Marty Snyderman $200,000
Luke Roth $200,000
Palmer St. Andrews $200,000
Additional Investment Requirement $0
Total Planned Investment $600,000
Loss at Start-up (Start-up Expenses) ($625,400)
Total Capital ($25,400)
Total Capital and Liabilities $274,600
Total Funding $900,000

2.2 Company Ownership

Marty Snyderman, Luke Roth, and Palmer St. Andrews are co-owners of the Willow Park Golf Course.