Buying a $7.3m Golf Course with No Money Down

Kyle Holmes spent 8 years running Quail Ridge for its investor owners. Then they asked if he wanted to buy it.

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Topics in Kyle’s interview:

• Growing up in a golf family 
• Running Quail Ridge before becoming an owner
• Being approached about buying the golf course
• Golf’s boom, recession, and post-COVID resurgence
• Michigan’s surprisingly strong golf market
• Revenue from golf, dining, events, and driving range
• Improving Quail Ridge before buying the business
• Valuing land worth more than operations
• Negotiating from $6.5 million to $7.3 million
• Financing with SBA, conventional, and seller debt

References and how to contact Kyle:

• LinkedIn
• Quail Ridge Golf Club

Contact Jenny to learn how Engage can run people operations in your acquisition:

• Jenny Thear: jthear@engagepeo.com

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• See past + future interviews on the YouTube channel
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Edited by Anton Rohozov and produced by Pam Cameron