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.Register for the webinars:Protect the Business: How to Diligence Insurance Pre-Close - TODAY!! - https://bit.ly/4xvNj2ESizing an SBA Loan to the Cash Flow - Tue, Sep 29 - https://bit.ly/4y1Xr4aTopics in Kyle’s interview:Growing up in a golf family Running Quail Ridge before becoming an ownerBeing approached about buying the golf courseGolf’s boom, recession, and post-COVID resurgenceMichigan’s surprisingly strong golf marketRevenue from golf, dining, events, and driving rangeImproving Quail Ridge before buying the businessValuing land worth more than operationsNegotiating from $6.5 million to $7.3 millionFinancing with SBA, conventional, and seller debtReferences and how to contact Kyle:LinkedInQuail Ridge Golf ClubContact Jenny to learn how Engage can run people operations in your acquisition:Jenny Thear: jthear@engagepeo.comGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or hello@systemsix.com and mention Acquiring MindsGet a complimentary IT audit for acquisition diligence or post-close transition.Visit inzotechnologies.com/eta.Connect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on TwitterEdited by Anton Rohozov and produced by Pam Cameron