Century Old 18-Hole Golf Course for Sale
Entertainment & Recreation Businesses for Sale
- Primary Category: Golf Course Businesses for Sale
An 18-hole public golf course with a large clubhouse, set on a single contiguous parcel of more than 100 owned acres in East Central Indiana. The course has been in continuous play for more than a century.
Revenue comes from daily-fee golf (~60% of 2025 revenue), memberships, cart rentals, food and beverage under a three-way liquor license, and a small pro shop. The season runs April to November.
The current ownership group has held the property for about 20 years and is retiring. The club runs lean on a part-time staff and earnings are thin; the value rests in the land, the clubhouse and the operating upside.
The offering suits two kinds of buyer: a golf operator ready to modernize, or a land buyer looking at alternative uses, subject to rezoning.
Investment Highlights
• Real estate included: 100+ contiguous acres, with irrigation fed by on-site wells
• Large clubhouse with an upstairs ballroom, bar and kitchen; roof and siding redone within the past five years
• Established daily-fee and membership base: 6,700+ green fees and 100+ members in 2025
• Light owner involvement: about 25 combined partner hours a week
• Asset sale; all business debt retired by the seller at closing
Financial Information
- Negotiable Asking Price
- $31,655 Cash Flow
- $351,944 Gross Revenue
- Negotiable Down Payment
- N/A Adjusted EBITDA
Business Location
- City: East Central Indiana
- State: Indiana
Reason for Sale
- Retirement
Detailed information
- Year Established:
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 1
- Part-Time Employees: 13
- Contractors: N/A
- Owner Worked Hours/w: N/A
- Inventory Included: Yes
- Inventory Value: On request
- Monthly Rent: N/A
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: N/A
- FF&E Included?: Yes
- FF&E Value: On request
Training/Support
- The Seller is willing to train and transition a new owner for a mutually agreed time frame immediately following closing.
Real Estate Description
- Over 100 AC with clubhouse.
Business Listed by
Ryan Stephens
Sunbelt of IndianapolisINDIAIN001-60122
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