Leading golf course owner / operator Crown Golf has put Cotgrave Place Golf Club, near Nottingham, on the market at a guide price of £2.35m.
The magnificent 36-hole freehold venue, one of the East Midlands’ premier golf facilities, is set in over 240 acres and includes a floodlit driving range. With almost 1,000 members and strong green fee, golf society and function revenues, the highly profitable business has a proven trading record. Its two-story 1,150 sq m clubhouse provides conference and banqueting facilities for up to 150 people seated.
Set in glorious Nottinghamshire countryside, in a commercially convenient location 15 minutes from the city centre, Cotgrave Place Golf Club – established in 1991 – has a favourable business mix between its golfing, retail and F&B incomes.
Crown Golf has engaged Humberts Leisure to manage the sale, which forms part of the Binfield, Berks-based company’s strategic plan to build a long-term, sustainable golf business.
Stephen Lewis, CEO of Crown Golf says, “Concentrating our golf clubs in the south of England has its operational benefits, and this was a key consideration in our decision to sell Cotgrave Place Golf Club in Nottinghamshire.
“As a group we continue to focus on those clubs which we wish to retain either for operational reasons, or for their development potential.
“We would like to take this opportunity to thank all club staff and members for their efforts, support and loyalty over the years. Cotgrave Place Golf Club is a highly profitable business and we would expect to find a buyer quickly.”
Describing current trading Mr. Lewis says, “The cold winter did not help any of us in the golf market, but our annual membership renewals this spring have been excellent; our flagship venue, St Mellion International Resort, is trading very strongly, and has recently opened its new Kernow Course; and our green fee and casual lines are performing well.
“Like all businesses, we have to adapt to the prevailing economic conditions, and we will always explore all our main options, but every decision we make has to fit in with our long-term plan. We believe that is a sensible approach.”
Expressions of interest in Cotgrave Place Golf Club should be addressed to Ben Allen at Humberts Leisure, 01962 835960, email email@example.com
Crown Golf Group www.crown-golf.co.uk
Humberts Leisure www.humberts-leisure.com