Golf Business Advisors was contacted by the owner of The Hollows Golf Course, located outside Richmond, in the Winter of 2007 regarding the possible sale of the course. Subsequently, GBA (with their brokerage partner CJE Properties) signed a brokerage listing agreement with the owner.
Following research on the critical historical and financial data on the course, GBA worked with the owner to develop a fact sheet and sales package for prospective buyers. GBA assisted the owner in determining the asking price and began marketing to course owners and investors in the local and regional market. GBA met with over 20 prospective buyers over the next six months.
GBA assisted with the development of the Letter of Intent and the Purchase Agreement and the course was sold in the Summer of 2008.