Discover how Concert Golf Partners transforms our clubs into attractive destinations with updated amenities and world-class service.
Aging demographics and a declining interest in golf may be making it difficult for your club to create a steady member roster and break even with annual revenue. Whether your club is strapped with debt or has trouble getting the board to agree on major decisions, it may be time to consider recapitalization. Over the past two decades, Concert Golf Partners has helped clubs overcome these challenges and become destinations that their members are proud of.
We’ve helped clubs renovate their existing courses and clubhouses so players enjoy a better experience before they even tee off. With our dedicated funds, we invest in capital improvement projects that add value to your club and fill in areas where your club may be lacking. Concert Golf makes clubs successful without disrupting the experience of new and existing members.
When working with our clubs, we ensure their unique identity continues to shine bright. This includes creating a Member Advisory Board to help us make decisions that align with your club’s culture and traditions. While many club members initially fear recapitalizing and losing their distinct identity, they often report that they wish they had done it sooner and are happy with how the process has helped their club thrive.
1. Explore the Non-Equity Club Players
To begin your journey of becoming a non-equity club, reach out to one or more private club operating firms with ample capital and an excellent reputation to determine if there might be a potential interest in facilitating a transition.
2. Obtain a Detailed Proposal
Next, the operating team will develop a proposal for your club to consider. These typically include the following elements:
3. Vet the Operator
Board members from the club evaluate the operator’s qualifications and references by speaking to some of the operator’s current clubs and visiting their locations.
4. Negotiate the Agreement
Once you decide to proceed with the recapitalization process, the operating firm can handle necessary logistics, including providing a purchase and sale agreement for the real estate and other operating permits.
5. Gain Consent from Board & Membership
Finally, the board can vote on approving the proposed transaction during a special meeting. Here, the club operator will make a brief presentation explaining their qualifications and answer board members’ questions.
Download our How-To Guide on Recapitalizing Your Club for more information.