Services - Amusement & Recreation

Asking Price	$2,500,000	Inventory
Gross Income	$700,000	Real Estate
Cash Flow	$130,000	Year Established	1987
FF&E	N/A	Employees	20

* included in the asking price

** not included in the asking price

Upscale semi-private/daily fee 18 hole championship course 2 level 7,000 sq. ft. clubhouse (includes dining room, lounge, golf shop, snack bar & kitchen) includes all maintenance equipment and 30 plus golf carts over 200 current memberships course set in established upscale housing development 141 acre golf course, 2 irrigation wells, picturesque native grass setting

Facilities: Topography of the golf course varies from relatively level to rolling terrain. Numerous tee boxes & green areas are elevated. Two small ponds provide a source for both controlling water runoff & providing irrigation to the course. The property is NOT located within an established flood hazard area. The course is generally recognized as a challenging & well-maintained golf course with a client base comprised of an array of individuals anywhere from the young professionals with families to the retired individual.

Competition: Eldorado Hills Golf Club is located in the Northwest sector of Norfolk, in a predominantly residential setting. It is located within the city limits and is within Norfolk's zoning jursidiction. In general, the site is considered to be on the western edge of Norfolk's existing residential devopment zone of approximately 150 homes. These homes in this area of the city are newer, having been built during the past 15 to 20 years with ongoing new homes being built. Homes prices range from $250,000 on up.

Growth/Expansion: Eldorado hills clubhouse includes a 1200 sq. foot pro shop, snack bar with golfers lounge area, an office, as well as restrooms and storage on the main floor. the second floor, which is accessed either through the main front doors, or by the stairway from the snack bar lounge area, features a full service bar with two big screen tv's a step up sitting area, along with restrooms, and a formal dining room with the kitchen area attached to that.

Reason Selling: Owner is retiring