SR 05:255 - Laserfiche WebLink

CourseCo anticipates the average amount per visit for all services and merchandise will be ~,9 jO in the first full year of operations: Revenue Source A vg. per Golfer Green Fees ~34.76 Cart Fees 9.10 Food & Beverage 7,00 Merchandise Sales )jO Driving Range Balls 2,14 Miscellaneous 1.00 ~)9jO This average spending rate of ~,9jO for the projected ",000 rounds of golf yields estimated gross revenues oUj,272,'OO in the first full year of operations (2006.07), After factoring in the cost of goods sold for merchandise, and food and beverage, the net operating revenue is projected at ~2,911,000, Qperatin2 Expenses Major operating expenses include: (1) labor costs, (2) materials, supplies, and equipment, (3) irrigation water, and 4) management fees, Labor costs CourseCo anticipates there will be approximately 4j employees at Callippe Preserve: I, employed in maintenance operations, 16 in golf operations, lOin food and beverage, and 2 in general services/administration, The labor budget (~1,163,000) accounts for approximately 47% of all annual costs, The goal of Callippe Preserve is to present a golf experience with 1) better than average golf course management and maintenance 2) excellent customer service, and 3) good quality food and beverages, Materials, Sup-plies and E~ Most of the large equipment utilized in the grow.in phase and for ongoing maintenance of the golf course has been, or will be, leased or lease/purchased, The City executed a ~697,000 lease/purchase for 30 pieces of equipment (e,g" mowers, trimmers, tractors, utility vehicles) in May 200" with quarterly lease payments to be made over the next five (,) years, CourseCo is also leasing the electric cart fleet, and every 3 years the carts are scheduled for replacement. CourseCo will obtain volume discounts through its national account status whenever possible (sharing costs with other CourseCo operated golf facilities) to purchase materials and supplies for Callippe Preserve. SR 0,:2" Page 6