RubinBrown Private Club Stats 2014

Operational Information

Average Revenue

Median Revenue

Per Member

Per Member

1. Operating revenues per member (all members, excluding nonresidents) during the past fiscal year: Dues $5,320

$5,030

Initiation fees

$480 $560 $550 $550 $560

$260 $570 $400 $480 $550

Capital assessments Operating assessments

Greens fees Cart rental Locker fees

$90 $40

$90 $40

Tennis and swimming fees Pro shop merchandise sales

$930

$710

Food revenues

$2,860 $1,070

$2,590 $1,030

Beverage revenues Service charges All other income

$930 $590

$790 $500

$14,530

$13,040

2. Operating expenses per member (all members, excluding nonresidents) during the past fiscal year: Food and beverage $4,700

$4,550 $2,400

Golf course and grounds

$2,560 $1,010 $1,310 $1,440 $1,420

Clubhouse

$790

Pro shop

$1,410 $1,480 $1,350

General and administrative

Depreciation

Real estate taxes

$300 $330 $330 $510 $620

$320 $240 $250 $480 $410

Insurance

Interest Utilities

Other

$14,530

$13,680

3. A. Average monthly dues, assessments and charges (regular members): Average monthly membership dues and operating assessments

$590 $100

Average monthly capital assessments (if charged) Average monthly food & beverage minimum (if charged)

$80 $70

Average monthly service charge (if charged)

B. Average total monthly charges

$820 2.8%

C. Average increase in dues for regular members over prior year

4. Initiation fees:

Average $24,000

Median

A. Initiation fee for regular membership

$9,000 $1,000

B. Refundable portion of regular member initiation fee (if applicable)

$1,500 $1,000

C. Initiation fee for social membership (if charged)

$850

5. Average percentage of total revenue derived from outside events (not-for-profit clubs only)

8.4%

6. Club borrowings and leverage: A. Average bank debt per member (excluding nonresidents)

$6,770

B. Average total bank debt (total dollars) C. Average bank debt to membership equity

$2,905,000 0.8 to 1.0

D. Average effective borrowing rate

3.9%

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