Golf Course Business Valuation
Golf Course & Driving Range Valuation Calculator & Exit Planning Built for Golf Facility Owners
We built one platform that tracks your golf facility's value monthly, identifies exit gaps early, and ensures your personal finances align with your exit timeline.
1,000+ Businesses have joined YourExitValue.com
Most Golf Course Owners Have No Idea What Their Facility is Actually Worth
Current Golf Course / Driving Range Valuation Multiples (2026)
Golf course valuations combine real estate and operating business metrics. Here's the market:
Every business is different. That's why you need to track your value.
Included in Your Exit Value is a complete Exit Planning Assessment where you track your progress quarterly against your results from the previous quarter.
Know your number and watch it grow
Most business owners guess at their value. You'll know it with precision.
Our platform uses six proven valuation methodologies to give you a complete picture of what your business is worth today—and tracks how that number changes month over month. No more waiting for annual appraisals or paying $15K+ for outdated reports.
See your trends. Spot opportunities. Make informed decisions
What Actually Drives Golf Course Value
Your course conditions matter, but sophisticated buyers evaluate these factors that determine premium pricing:
Rounds Played
Strong Round Volume
Rounds played is the fundamental metric—how much golf is happening at your facility? Track daily, monthly, and annual rounds. Buyers want to see stable or growing volume. Declining rounds signal market problems, competition issues, or course condition concerns that need explanation.
Declining rounds = buyer concern
Revenue Per Round
Optimized Green Fees + F&B
How much revenue does each round generate beyond green fees? Cart rentals, range usage, food & beverage, pro shop sales—all contribute to revenue per round. Courses that maximize revenue capture have better economics than those leaving money on the table.
Green fees only = missed revenue
Course Condition
Well-Maintained Greens & Fairways
Golfers notice course condition—greens, fairways, bunkers, overall presentation. Well-maintained courses justify premium rates and attract players. Deferred maintenance becomes buyer liability that gets deducted from valuations. Invest in course condition before going to market.
Poor condition = value discount
Real Estate Situation
Owned Land, Clear Title
Golf courses are real estate intensive. Owned land adds substantial value and provides optionality. Leased courses face renewal risk. Understanding your real estate situation—ownership, entitlements, development potential—is essential for valuation.
Leased land = limited control
Revenue Diversification
Events, Lessons, Memberships
Pure daily-fee revenue is seasonal and weather-dependent. Membership programs, tournaments, outings, lessons, and events diversify revenue. Food & beverage can be significant. Courses with diversified revenue streams have more stable economics.
Daily-fee only = seasonal volatility
Market Position
Competitive Differentiation
Where do you fit in your market? Premium destination, affordable daily-fee, or competing head-to-head with similar courses? Understanding your competitive position—and whether it's defensible—helps value your business. Markets with oversupply face pricing pressure.
Oversupplied market = pricing pressure
How to Value a Golf Course
The U.S. golf industry includes approximately 16,000 golf facilities generating over $25 billion in annual revenue. Golf course valuations involve both operating performance and significant real estate considerations.
EBITDA and cap rate methods are both used. Golf courses typically sell for 4.0x to 8.0x EBITDA for well-performing facilities. Cap rates of 8-12% applied to stabilized NOI are common. The underlying real estate value often exceeds the operating business value.
Revenue multiples generally range from 0.50x to 1.0x annual revenue. Courses with strong membership models, events revenue, and food/beverage operations achieve the upper end.
The unique valuation factor for golf courses is the revenue per round, membership model, and real estate value. Public courses are valued on rounds played and revenue per round, while private clubs are valued on membership levels, initiation fees, and dues revenue. Event and wedding venue revenue has become increasingly important. Maintenance conditions (greens, fairways, irrigation systems) directly impact playability and reputation. The underlying real estate often represents the majority of total value — particularly for courses in areas with development potential.
Golf has experienced renewed participation growth, and facilities with diversified revenue streams and strong conditions are well-positioned. Use our free calculator above to get your instant estimate, then track your value monthly with YourExitValue.
Frequently Asked Questions
What multiple do golf courses sell for?
Golf courses typically sell for 3.0x – 7.0x SDE or 5x – 12x EBITDA, but real estate is often a significant portion of value. Course condition, rounds played, and market position all affect multiples.
How important are rounds played?
Critical. Rounds played is the fundamental metric of course health. Buyers want stable or growing volume. Declining rounds need explanation and often reduce value.
Who buys golf courses?
Golf course operators expanding portfolios, real estate investors (especially if development potential exists), lifestyle buyers, and management companies seeking properties.
Does course condition affect value?
Significantly. Well-maintained courses justify premium rates. Deferred maintenance becomes buyer liability. Invest in course condition before going to market.
Should I add memberships before selling?
If market supports it, yes. Membership programs provide stable, recurring revenue that daily-fee alone can't match. They reduce weather and seasonal volatility.
What's the fastest way to increase my golf course value?
Three high-impact moves: 1) Grow rounds played through marketing and player development, 2) Add membership and event revenue for stability, 3) Invest in course condition to support premium pricing.