BELOW IS A SHEET LISTING 65 SEPARATE ITEMS THAT MAY NEED READY CASH AT, OR SHORTLY AFTER
YOU TAKE POSSESSION OF A $5 MILLION DOLLAR GOLF COURSE. THE TOTAL BELOW IS $362,500.
The 65 items listed below came from a Golfmak golf course closing and change-of-command. Your results may vary widely. All I'm trying to do is help you prepare yourself for golf course ownership. Running into 'cash-calls' you can't manage in the first 30-days after you take over your own golf course can ruin the whole experience. That's why I insist on lots of cash available at and after the closing.
Plan the transition and expect expenses for necessities and options you are likely to choose. First, you can expect the former owner to deplete inventories, and otherwise run the business to the bone between the hard-money date and the close. However, there are many expenses you will incur like obtaining operating inventory, keeping the lights on (utility deposits), or serve liquor. You will be surprised at some of the cash demands you did not anticipate. Here's just a few cash requirements you might expect...
CASH NEEDS OVER THE FIRST COUPLE OF MONTHS ($5 MILLION DOLLAR GOLF COURSE WITH $3 MILLION MORTGAGE)