Have you ever wondered if golf courses actually make money — or if they’re just expensive pieces of land?

In this video, I answers a viewer’s question about owning and selling a golf course, exploring how property value and business profit interact in the real world.

From public and private courses to banquet operations and land development, you’ll learn what really drives value in this unique industry.

What you’ll learn in this video:

* Are golf courses profitable businesses or just land investments?

* The difference between selling property and selling profit

* How weather, seasonality, and debt affect golf course margins

* Why private clubs and government courses skew the market

* When land value exceeds business value — and what that means for owners

* How to plan your exit or sale if you own a golf course

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Chapters

00:00 Intro

02:00 Viewer Question: Property vs. Profit

05:00 Understanding the Golf Course Business Model

07:30 Industry Size & Revenue Breakdown

10:00 Weather, Margins & Seasonality

12:40 Importance of Bars, Catering & Events

15:30 Story: The Failed Investor-Owned Golf Course

19:00 Public vs. Private vs. Government-Owned Courses

23:00 Why Some Golf Courses Lose Money

26:00 Property vs. Profit | What Are You Really Selling?

30:00 How to Value a Golf Course (EBITDA Multiples)

34:00 Real Case Study | Hidden Subsidies & Overhead

38:00 Golf Courses as Land Banks | Myth or Strategy?

42:00 Developer Example | When the Bank Owns the Course

46:00 Seasonality | North vs. South Economics

50:00 Key Takeaways for Golf Course Owners

54:00 Profit, Property & Exit Planning

58:00 Why Passion Can Mislead Golf Investors

01:02:00 Advice for Owners Near Retirement

01:06:00 How to Find Out What Your Golf Course Is Worth

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