Rio Bravo Golf & Country Club with Real Estate Included

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Recreation Businesses for Sale

The 18-hole Rio Bravo course at the Rio Bravo Country Club facility in Bakersfield, features 7,000 yards of golf from the longest tees for a par of 72. The course rating is 73.1 and it has a slope rating of 131 on Bermuda grass. Designed by Robert Muir Graves, ASGCA, the Rio Bravo golf course opened in 1975. For a view of the Course go to: https://www.golflink.com/golf-courses/ca/bakersfield/rio-bravo-country-club. The Club is a very popular venue for events such as weddings, graduations, or any other event. COVID has slowed that down, but it will start again as soon as it is over. Estimates are things could start up again in Spring 2021. The previous owner mismanaged the Club and several of the members ended up owning the Club. They have invested a lot into the grounds and remodeled the Club house, but more needs to be invested. The price includes 328 acres. Approximately 198 acres is either the golf course or course related property. 130 acres is a hillside to the East of the Course it has a beautiful view of the Sierra Nevada Mountains and is excellent development land. There is a Tentative Map for 22 lots along Casa Club that is ready to develop now. This property needs someone that can invest the money to bring this property up to par. The price includes businesses being operated there by the owners as follows: 1) Golf Business including the Pro Shop, green fees, cart rentals, lessons and etc. 2) Restaurant and Bar with an ABC 47 License. 3) Events and Catering The Clubhouse building according to the County Assessor's Office is 18,010 sq. ft. and there is another maintenance building of 3631 sq. ft. The owners are motivated to sell and will consider any reasonable offer. Act now!

Financial Information

  • $4,900,000 Asking Price
  • On request Cash Flow
  • $2,070,846 Gross Revenue
  • On request Down Payment
  • Yes Financing
  • On request Inventory

Business Location

  • City: Bakersfield
  • State: California

Financing Comments

  • Seller will consider some financing for a qualified buyer

Reason for Sale

  • Purchased business with the intent to sell

Detailed information

  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Part time Employees: N/A
  • Real Estate Included: No
  • Monthly Rent: N/A
  • Real Estate Available: No
  • Building Size: 21641
  • Real Estate Value: On request

Real State Description

Included in sale price; located on 328 acres

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Business Listed by Sunbelt of Bakersfield
Contact
John Willingham
Listing ID
BAKERCA001-50402
Office Phone (661) 323-2358
License Number
BRE 556588