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re: Future of Le Triomphe
Posted on 4/2/24 at 8:58 am to flvelo12
Posted on 4/2/24 at 8:58 am to flvelo12
Mike was putting roughly 150,000 a month to break even for monthly expenses for the last 4-5 yrs. Last yr. he placed course in His foundation which was making those payments. Upon his death his daughter is going to see what those payments amounted too and will be very unhappy. Since she nor Mikes son have an interest in playing golf or running a golf course she will be the person to demand an asset sale within months. Distressed golf courses don't get top value in the Golf Club market these days...time to move is now....
Posted on 4/2/24 at 9:15 am to Poppy201
Right and it appears pretty easy to get a large number of “new members” once you make it a better atmosphere there. I would think without much effort you could fill the gap that the previous owner was paying every month. In reality within a year you could triple or even quadruple current membership levels.
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