Golf Ranch’s Post

'Your strongest steel is forged in fire'. 🤯 Quote from Armagh manager, Kieran McGeeney, yesterday. I hardly ever watch sport as the disappointment of losing can be so crushing. But yesterday's final between Armagh and Galway was utterly gripping, regardless of how much you knew about football. And when Armagh won, it felt like we were part of it. Hopping up and down to cheer, plead, bite nails - from our vantage point of a couch, many miles from Croke Park. It was nerve-wracking from start to finish! The eruption of orange around the stadium was a sight to behold! Galway were favourites to win. Armagh were the underdogs. When Kieran McGeeney took over the team he told them that getting the big win would take time and wouldn't be easy. Trust the process. Their first and last All-Ireland win was in 2002. Most things worth doing *do* take a long time to achieve, and are not easy. Yesterday was a fantastic example of this. Building a brand takes time. That's a reality that might sound unpalatable, when we're promised speed in so many other areas of life. Is there anything that you can look back now on with the benefit of hindsight, that you expected to happen faster? 🤔 Hi, I'm Mary, a brand designer and strategist. I help service-based business owners lift the brand fog. So that you can become more visible and attract the right audience. Download my free interactive guide: 10 Simple Steps to Defog Your Brand - link in profile. #branding #personalbrand #womeninbusiness #entrepreneurship

Nice to get out of the office today, well to office no.2 at Bramshaw Golf Club for some new year planning and strategy with Tom Howse. It is always good to try and get your head out of the trenches once in a while and focus on the future rather than the present. 🔮⚔️ Stay tuned for some big announcements in the Broadsword Group LTD to kick off 2024 📢👏⚔️ #planning #strategy #2024success #construction #growth #2024planning

What began as a simple idea—helping golf clubs boost their profitability—has evolved into over a decade of success. Today, we’re proud to have partnered with hundreds of clients, helping them unlock the untapped potential of their driving ranges to increase revenue and improve operations. We’ve seen firsthand the positive impact on both small clubs and larger facilities, from increasing player engagement to creating new revenue streams. Our passion for the industry fuels our mission to continue driving growth for golf facilities around the world. If you’re looking to take your golf business to the next level, follow us for insights, proven strategies, and the latest trends in driving range optimization. Let’s work together to maximize your facility's success! #thebucketpros #drivingrange #revenue #golfbusiness

Last July, my partners at Grass Clippings, our investors, and my firm WestHawk Capital took over Rolling Hills Golf Course in Tempe, Arizona to create Arizona’s first Par-3, 18-hole, lighted golf course. Our first year has been a great success and has been an exciting and learning experience.   Over the next several weeks, I am going to share my key takeaways from what I have learned about the golf industry over the past year since leading the capitalization of Grass Clippings Rolling Hills. Here is the first of many of my “takeaways” from year one:    Institutionalization of golf as an investible asset class Golf courses (both public-play and private) are operating businesses (often referred to as “Op Co” in this context) that use a lot of real estate (i.e. Prop Co). Historically, these have been combined into one entity, but golf has been attracting significant institutional capital over this past cycle. With institutional investment comes more complexity and splitting of structure, particularly between the stable pieces – typically the hard assets – and the more volatile but higher operating leverage pieces of a business, which are the “asset light” operations. Hotels are a common real estate example of this phenomenon, with the Hiltons and Marriotts of the world focusing on operations and brand, with real estate investors – often REITs – owning the real estate. Real estate’s traditional “four main food groups” (retail, office, industrial, apartments) were the first property types to go through an institutionalization phase during the early-1990s post-S&L crises days when many of the largest portfolios were taken public as REITs. Since then, we have seen more alternative asset types become more institutionalized, either by being backed by large private equity firms, or converted into REITs. Examples include hotels, self-storage, outdoor advertising (billboards), cell towers, data centers, single-tenant triple net, single-family homes, ground lease, health care, mortgage, and others. It appears to me that golf courses are on the cusp of being “next”. Private equity firms, from large to small, have been backing roll-ups of courses, and we are beginning to see some REITs take the PropCo position, doing sale-leasebacks on golf courses run by golf operating companies.  We have seen this play out before. I would not be surprised to see a golf REIT in the next several years, and possibly some golf course operating companies, as well.   We continue to look for golf-related opportunities, as it is generally profitable investing in the middle of these capitalization trends.

What is the Topgolf Effect? 🏌♀️ ⛳ The Topgolf Effect is a powerful phenomenon where the arrival of a Topgolf venue spurs growth and attracts new businesses and retailers to the area. It's more than just a place for fun and games—it's a catalyst for community transformation. When Topgolf opens in a community, it changes perceptions and boosts local economies. As Cal Wray, president of the economic development authority in Augusta, Georgia, notes, "It changes the perception of the community." #TopgolfEffect #CommunityGrowth #EconomicDevelopment #Topgolf https://lnkd.in/dZC25itC

For the Aussie footy fans here... We've got a classic case of DEMAND CREATION vs DEMAND CAPTURE happening right now with the new Tasmania team Think back to the launching of other (first-in-state) expansion teams: 🏉 Sydney Swans in 1982 - demand is not there (ie. not a footy state). VFL relocates a footy team there to CREATE DEMAND. It subsequently took them decades to build a strong culture and a consistently high performing team. 🏉 West Coast Eagles in 1987 - WA is a footy-mad state, so demand was there... VFL puts a team where the demand is. CAPTURE DEMAND. Huge membership and on-field success came quickly. 🏉 Brisbane Bears in 1987 - QLD is not a footy state, so the VFL decides to CREATE DEMAND by putting a team up there. Decades (and a relocation/merge) before building a strong culture and a consistently high performing team. 🏉 Adelaide Crows in 1991 - Another footy state so the AFL moves in to CAPTURE DEMAND. Huge membership and on-field success came quickly. 🏉 Tasmania Devils in 2028 - Tassie, bigtime footy state. CAPTURE DEMAND. Huge membership came quickly, on-field success... 🤞 So why did the AFL want to go and create demand in states for decades, before capturing the demand in Tasmania? Bigger total addressable market (TAM) #afl #marketing #gtmstrategy (edited some bits for clarity)

🚀 Last Chance: Elevate Your Expertise in Franchise Law! 🚀 Are you ready to tackle the complexities of franchise terminations and rescissions? Tomorrow, we’re hosting an in-depth, live online program from 12:00 - 3:30 PM MDT, and this is your chance to join a top-tier lineup of franchise law experts. 🔍 What You’ll Gain: - Deep dive into disclosure obligations under Alberta’s Franchises Act - Crucial insights on rescission rights, remedies, and damages - Expert guidance on navigating franchise renewals and terminations while balancing rights and obligations - Up-to-date case law analysis and best practices from seasoned litigators and solicitors 🧑⚖️ Our Speakers: Ellery Lew, Trevor McDonald, and Adam Ship—renowned leaders in franchise litigation and compliance in Alberta. Whether you represent franchisors or franchisees, you won’t want to miss their invaluable insights! ⏳ Spaces are limited—don’t miss your opportunity to enhance your skills, reduce legal risks, and deliver the best possible outcomes for your clients. 📝 Register Now: Franchise Terminations & Rescissions: What You Don’t Know Can Hurt You: https://lnkd.in/gQjZ_jZN 🔥 Be the lawyer others turn to for franchise expertise.  #franchiselaw #albertalaw #franchiselitigation

Last year, approximately 123 million people in the United States engaged with golf, whether by playing the sport, listening to golf-related podcasts, or consuming content about it, according to the National Golf Foundation. This surge represents a 30 percent increase in American participation since 2016. The U.S. concluded 2023 with around 16,000 golf courses across 14,000 facilities, a number that has remained stable as the industry focuses on redevelopment over new development. Hedge fund billionaire and New York Mets owner Steve Cohen has noticed this growing demand, planning to invest up to $3 billion in PGA TOUR Enterprises, especially as interest continues to rise in outdoor activities and hybrid and remote work models remain normalized. Schedule flexibility has led to a funneling of free time into the sport, with individuals embracing both traditional and nontraditional formats. This shift has not only driven up participation but also had significant implications for real estate development. Real estate developers are capitalizing on the sustained interest by investing in golf-adjacent hospitality and residential projects. This trend reflects a broader strategy to integrate courses into new community developments, leveraging the appeal to enhance property values and attract residents. Find out the full effects below on Commercial Observer:

Join Jonathan Satovsky as he reflects on lessons learned from playing golf at The Old Course at St Andrews. Discover how tradition, overcoming setbacks, and staying focused can guide you to Wisdom, Wealth, and Wellness. Read on: https://lnkd.in/eUXjbks4 #WisdomWealthWellness #FinancialPlanning #LifeLessons #Golf #SatovskyAssetManagement