SuperAg05 said:
They had a similar deal a few years ago. I think they use the cash influx to fund upgrades to the facility and hope that most folks will buy for the deal, but not really use the membership that often. Starter I talked to said the last time they did it, they added 2,200 new members. So, $660,000 near immediate cash influx last time. That pays for a lot.
I played there a few weeks ago. Greens and course were in good shape. Not in love with the layout (tight fairways with danger on both sides), but for $150/yr, it's a steal of a deal.
$150 per year, but a 2 year minimum purchase. So $300 x 2,200 = $660K.Mr.Bond said:SuperAg05 said:
They had a similar deal a few years ago. I think they use the cash influx to fund upgrades to the facility and hope that most folks will buy for the deal, but not really use the membership that often. Starter I talked to said the last time they did it, they added 2,200 new members. So, $660,000 near immediate cash influx last time. That pays for a lot.
I played there a few weeks ago. Greens and course were in good shape. Not in love with the layout (tight fairways with danger on both sides), but for $150/yr, it's a steal of a deal.
My Aggie math tells me 330,000 but regardless. Good chunk of change
jonj101 said:
So they deal with a golf marketing company called MMC. Their plan is to sign up a ton of people and get an influx of cash, then they bank on most of those people only playing around 12-15 rounds a year. I think the estimate was that 20% of them won't even pick up their membership cards.
Of course, if die hards crowd the course too much, they may add in little inconveniences here and there to dissuade them. For example, the original sign up is supposed to run until 2023, and according to the original agreement walking is free. Well now they have been dropping hints that they are going to charge for walking, and technically walking was never part of the written agreement. I respect courses doing what they need to do to maintain quality and a good experience, but I despise bait and switch tactics.
SuperAg05 said:$150 per year, but a 2 year minimum purchase. So $300 x 2,200 = $660K.Mr.Bond said:SuperAg05 said:
They had a similar deal a few years ago. I think they use the cash influx to fund upgrades to the facility and hope that most folks will buy for the deal, but not really use the membership that often. Starter I talked to said the last time they did it, they added 2,200 new members. So, $660,000 near immediate cash influx last time. That pays for a lot.
I played there a few weeks ago. Greens and course were in good shape. Not in love with the layout (tight fairways with danger on both sides), but for $150/yr, it's a steal of a deal.
My Aggie math tells me 330,000 but regardless. Good chunk of change
txcincinnatus said:
Just trying to raise some cash before they file bankruptcy? Because that's what this deal kind of looks like..
jonj101 said:
So they deal with a golf marketing company called MMC. Their plan is to sign up a ton of people and get an influx of cash, then they bank on most of those people only playing around 12-15 rounds a year. I think the estimate was that 20% of them won't even pick up their membership cards.
Of course, if die hards crowd the course too much, they may add in little inconveniences here and there to dissuade them. For example, the original sign up is supposed to run until 2023, and according to the original agreement walking is free. Well now they have been dropping hints that they are going to charge for walking, and technically walking was never part of the written agreement. I respect courses doing what they need to do to maintain quality and a good experience, but I despise bait and switch tactics.
antman8504 said:jonj101 said:
So they deal with a golf marketing company called MMC. Their plan is to sign up a ton of people and get an influx of cash, then they bank on most of those people only playing around 12-15 rounds a year. I think the estimate was that 20% of them won't even pick up their membership cards.
Of course, if die hards crowd the course too much, they may add in little inconveniences here and there to dissuade them. For example, the original sign up is supposed to run until 2023, and according to the original agreement walking is free. Well now they have been dropping hints that they are going to charge for walking, and technically walking was never part of the written agreement. I respect courses doing what they need to do to maintain quality and a good experience, but I despise bait and switch tactics.
They have been clear that members who signed up for the original deal in 2020 that is good to the end of 2022, will not pay a walking fee until after that first deal is expired.
No bait and switch going on at all.
Walking fee??antman8504 said:
Not doubting you. But when I renewed my membership, it clearly said in writing that current members will be able to walk for free until the end of 2022. Just wanted to make clear for anyone that is a current member, they are not changing your terms.
For members that signed up the first time, you can renew with the new deal and it applies for 2023 and 2024. And you will have to pay the $10 walking fee in 2023-2024.