Having taken over the family-owned golf course, a favorite among locals and travelers, the Lytton brothers are ready to perform the needed maintenance and renovations to keep the course at the top of its game. The siblings have consulted with a golf-course architect to lead the project in a way to keep at least part of the course operational during the renovation and maintenance. The club manager, golf course superintendent and golf pro have also been part of the overall planning. After considerable research, the group has determined what needs to be done to keep the course at its best for years to come.
Currently, the course’s greens, irrigation, and cart paths are not areas of concern. Moreover, they underwent renovation approximately 10 years ago. In their present state, they should continue to serve the course well for 15-20 more years. Moreover, the clubhouse, including a pro shop and restaurant, is in excellent condition, having been completely revamped at the same time as the greens and cart paths.
The brothers are aware that the course boasts a solid following and an excellent reputation. This is owed in large part to their marketing efforts on social media, the course website, and various online golf outlets. These planned upgrades aim to retain their loyal customers while also enticing new golfers. They have meticulously considered both the overall costs and the potential income reduction during the renovation and maintenance project. This thorough assessment has guided their planning process.
Currently, the project is focusing on fairway improvements, encompassing mound reshaping/addition, bunkers, sand, tree planting, pruning, removal, and landscaping (mulch, foliage, etc.). Additionally, the necessary grass replenishment is in the works. Furthermore, the tees will be a primary area for these enhancements.
Having gathered pricing for their plan, the Lytton brothers have an estimated budget of $225,000. With their plan and budget in hand, they researched lenders who were offering reasonable rates as well as timelines. With excellent credit and financials, along with well-thought out plans and estimates, they were able to secure a lender offering a seven-year term loan with a relatively low rate. Their strategy involved keeping nine holes open in each phase to maintain limited cash flow. They expected that the newly renovated course would attract more golfers, which would help them pay off the loan within the term.
The cooperative weather allowed us to complete the renovations and maintenance within the year. Despite having only half the course available, enthusiastic golfers continued to visit, eager to witness the ongoing progress. Upon reopening the course, news about the improved layout quickly circulated, attracting a wave of new golfers to our facility.
Stephanie has a bachelor's degree in psychology and has been a professional writer for over 15 years. Her client list includes New York Times bestselling authors, publishing houses, prominent public figures and successful business owners. She resides with her family in Florida.
