I like
this plot as it is highly accessible for many people and the location could mean that it just might be profitable.
I was chatting with flabby daddy about this concept. Here's what we'd need:
- a group of investors (or a kickstarter) to come up with the down payment plus closing costs plus the 50k or so necessary to get the disc golf equipment, supplies (concrete tees, wooden retaining walls, steps, etc), and perhaps a simple clubhouse. Obviously if we want a real clubhouse we need a lot more money, permits, water, power, etc. It can be done, but it would require a more significant investment or a loan. I'd probably start very simple and build up through time.
- we'd need to pay at least two people to manage the property at all times, including mowing, running a pro shop with snacks and drinks, and any course maintenance.
- we'd need to come to a price point for a day pass to cover the mortgage/insurance/taxes (estimated at around $3200/month for this place) as well as annual passes for club members. Since we'd obviously make an epic course we'd need to charge at least $10 a head for a day pass, and $250 for an annual membership.
- The monthly income from the endeavor would have to double the amount necessary for the expenses (mortgage, employees, supplies, insurance, taxes) to make it worthwhile. If you could make 12k a month from the place, that's in the ballpark
-Obviously a lot of legal questions would have to be resolved/agreed upon prior to any sort of investment in the property. It is tough, but could be done.
Thoughts?
We'd need to have some