Olive Branch is a suburb of Memphis, Tennessee, and is part of the Memphis Metropolitan Statistical Area, a region that consists of three counties in southwest Tennessee, five counties in northwest Mississippi, and two counties in eastern Arkansas.
Thus, I decided to do some research and create a back-of-the-envelope financial model of what buying a golf course would entail. First, we need to buy the golf course. Courses for sale online have price tags ranging from $1.0-$15.0 million with most being $1.5-$4.0 million. Since weâd want to buy a course in a good location with good existing facilities, letâs take the high end of the average ($4.0 million) and add a 25% premium. Conclusion â sales price of $5 million for our ideal golf course.
In a corporate event--usually played on a Monday or Tuesday since most tournaments are played Thursday through Saturday--will net a golfer a fee of $25,000 to $250,000 depending on his stature and how much the corporation is willing to pay.