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In the current environment a roadmap that outlines not only what you are doing but why you are doing it is crucial to long term sustainability. PGE has developed a practical, data driven planning process that engages all key stakeholders. Seeking answers to four key planning questions:
Where are we now?
Where do we want to be?
How will we get there? and
The PGE planning program includes a market review, facility positioning analysis, and detailed operational review. With these findings underpinned by member research, departmental goals and actions are then developed over a series of subsequent Board workshops, the process is completed with delivery of a strategic planning document ready for Board finalisation and approval.
PGE has the qualifications and experience to assist in improving the financial health of your business. We understand the key drivers of a golf business and can reference your performance against our knowledge of the wider industry. Our operational reviews are a regularly sort after service, be it a whole of business review or limited to targeted areas of your business.
PGE has authored an unrivalled number of first time reports for numerous industry bodies. Topics addressed include national participation trends, golf tourism, pace of play, club operational and salary benchmarking, membership attrition and retention, national rounds played, golf retail operations and other industry challenges including land management, the environment, cost structures, and corporate governance.
PGE has authored an unrivalled number of first time reports for numerous industry bodies. Topics addressed include national participation trends, golf tourism, pace of play, club operational and salary benchmarking, membership attrition and retention, national rounds played, golf retail operations and other industry challenges including land management, the environment, cost structures, and corporate governance.
GBAS has delivered a number of presentation to Boards that outline the current state of the industry, the general environment in which they operate and its first impression opinions of the facility. On the provision of a base level of information, a more detailed presentation is also available, including a high level review of recent facility trading results and potential opportunities.
PGE can thoroughly review your proposed project and provide an independent assessment of its likely operating performance to assist in the preliminary structuring of the project. Typical areas covered in a project like this include.
Market overview
Overview of development opportunity
Assessment of the target market demographic profile
Review of historical performance of any competing facilities
Development of membership and green fee pricing programs
Required operational structures to self-manage or engage 3rd party managers
Projected cash flows
Capital budgeting
Golf operations business and marketing plans
Exit strategy
Just like in other industries, legal disagreements can occur within the golf industry, meaning from time to time issues end up in court. PGE is experienced in the provision of expert witness services and can provide any potential legal matter with unrivalled experience, information and analysis concerning the golf industry.
Asset due diligence is essentially an operational and market review, performed on behalf of a potential purchaser. PGE can assist in the review of the asset and provide an independent assessment of its likely future performance under a number of different market or operating scenarios. Typical areas covered in a project like this include.
Market overview
Assessment of the target market demographic profile
Review of historical operating performance
Management suitability
Competitor review
Projected cash flows and scenario modelling
Required capital budgeting
PGE is able to assist off site or absent owners with on-site monitoring or oversight of their assets, ensuring they are being managed efficiently and are pursuing the desired direction in an effective manner. PGE works with staff and management to ensure they fully understand the facility and its goals and assists management in implementing any operational or organisational changes required.
The Principal of PGE has provided assistance on golf asset valuations for the past seven years and as such PGE is well positioned to assist current valuers with industry information, benchmarks and financial forecasts.