Episode Details
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Buying a $7.3m Golf Course with No Money Down
Published 5 days, 4 hours ago
Description
Kyle Holmes spent 8 years running Quail Ridge for its investor owners. Then they asked if he wanted to buy it.
Register for the webinars:
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Topics in Kyle’s interview:
- Growing up in a golf family
- Running Quail Ridge before becoming an owner
- Being approached about buying the golf course
- Golf’s boom, recession, and post-COVID resurgence
- Michigan’s surprisingly strong golf market
- Revenue from golf, dining, events, and driving range
- Improving Quail Ridge before buying the business
- Valuing land worth more than operations
- Negotiating from $6.5 million to $7.3 million
- Financing with SBA, conventional, and seller debt
References and how to contact Kyle:
Contact Jenny to learn how Engage can run people operations in your acquisition:
- Jenny Thear: jthear@engagepeo.com
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- Book a call with Tim or hello@systemsix.com and mention Acquiring Minds
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- Visit inzotechnologies.com/eta.
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- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron