Fox Ridge Golf Course
&
Red Fox Restaurant and Lounge

golf course sale

For Sale

For Sale Copy

18-Hole Par 3 & 18 Hole Championship Golf Course | Full Restaurant, Full Liquor, Gambling

Premium Golf Course Investment Opportunity

Location: Helena, Montana
Updated On: Sept 19th, 2024

Key Selling Points

Red-Fox-Golf-Course-Photo-28

Executive Summary

Fox Ridge Golf Course offers a unique investment opportunity in Helena, Montana, featuring both an 18-hole par 3 course and an 18-hole championship course. The property spans approximately 187 acres and includes extensive equipment and facility assets.

Dual Golf Courses: An 18-hole par 3 course ideal for beginners and casual players, and an 18-hole championship course designed for more serious golfers.

Prime Location

Situated in Helena’s East Valley, near historic downtown “Last Chance Gulch” with restaurants, shopping, schools, and more. Close to the Helena Regional Airport, Canyon Ferry and Hauser Dams, and major highways.

Comprehensive Asset Package: Includes a full fleet of maintenance equipment, leased golf carts, clubhouse appliances, furnishings, inventory, and a full liquor and gaming license.

Property Photos

Financial Overview

Revenue

Gross Income 2022: $1,260,299
Gross Income 2023: $1,392,073
Gross Income YTD 2024: $1,825,072 Unadjusted

Employees & Payroll

Hourly Employees Peak Season: 58
Hourly Employees Off Season: 20

Fox Ridge Golf Course and Red Fox Supper Club have been and are operating at a profit. Overhead costs have been managed meticulously and are adjusted monthly to ensure a continual improvement pattern toward increased efficiency. The executive staff receive reasonable salaries and the hourly employees have enjoyed significant raises to meet wage demands. These businesses function successfully now and have unlimited potential for future growth.

Detailed Asset Valuation

Equipment Inventory

Greens Mowers: Includes GM3100 (x2), GM3000, and Toro Veticutting Units with a total value of $5,750.00.

Fairway Mowers: High-value units like the Toro Reel Master series, with a combined value of $163,865.00.

Rotary Mowers: Diverse range of mowers with a total value of $83,000.00.

Additional Equipment: Includes trucksters, aerators, tractors, and more with a value at $934,788.

Restaurant & Lounge: Valued at $183,909

Property and Buildings:

Clubhouse: Approximately 10,800 square feet (90×120 ft). Features include a kitchen, dining room, lounge, 2023 point of sale system, public restrooms, office, and pro shop, with a value of $1,750,000.00.

Pro Shop: Modern POS system, website, assorted displays, single restrooms, valued at $44,700.00.

Out Buildings: Maintenance shop, cart barn, block building with freezers and storage, well houses, restrooms, gazebo, and office with a value at $500,000.

Land: 187 Acres valued at $7,480,000.

Liquor and Gaming License: Valued at $600,000.00, this license adds significant value and revenue potential.

Market Analysis

Fox Ridge Golf Course and the Red Fox Supper Club are open to the general public. The course sells a limited number of season passes. The Par 3 course offers beginners, seniors, and casual golfers a full 18 holes to enjoy. The Championship course challenges even low-handicap players. The restaurant and bar provide a full menu, bar, and gaming machines. Opportunities allow for adding creative games on the Par 3, competitive tournaments to the Championship course, hosting group events in the open dining area, more gaming as well as live poker.

Bill Roberts Golf Course is a city-owned, public course in the very center of the city of Helena. Play can be crowded and slow. The grill and beer and wine license offer players a minimal dining experience.

Green Meadows Country Club is a private club with annual and monthly fees for members only.

Competitive Landcape

Fox Ridge Golf Course stands out among local competitors due to its dual-course setup, providing options for both casual and serious golfers. The presence of a liquor and gaming license also adds a unique competitive edge.

Market Demand

According to the 2020 census, Helena, Montana had a population of 32,091. In 2022, the population grew to 32,529, a 1.46% increase from 2021. Helena’s population has grown steadily over the past five years, with Lewis & Clark County growing by 1.1% each year before the 2020 recession. During the recession, Helena’s employment dropped by 6–7%, which was less than half the national average. Employment in Helena reached pre-recession levels in March 2021, a month before the rest of the state. From 2021 to 2022, Helena’s employment grew by 0.573%, from 41.5,000 to 41.7,000 employees.

Lewis and Clark County, Montana’s estimated 2024 population is 76,238 with a growth rate of 1.64% in the past year according to the most recent United States census data. Lewis and Clark County, Montana is the 6th largest county in Montana.

Course Statistics

18-Hole Par 3 Course

Rounds 2022: 16,758
Rounds 2023: 17,591
Rounds 2024 YTD: 14,268

18-Hole Championship Course

Rounds 2022: 32,212
Rounds 2023: 31,459
Rounds 2024 YTD: 26,186

Legal and Regulatory Information

Zoning and Land Use

The property is zoned for recreational use. Any additional development would need cooperation with local government regulatory entities. Current operations are legal and permitted.

Licenses and Permits

The liquor and gaming license is a valuable asset, allowing for additional revenue streams through the clubhouse. All necessary permits for operation are in place and transferable to new ownership upon accepted application.

Public Records

Montana Cadastral
Lewis and Clark County
Montana Secretary of State
Montana Department of Revenue – Alcoholic Beverage Control

Golf Course Sale Inquiries

Are you interested in purchasing Fox Ridge golf course? Fill out the form below and one of our representatives will be in touch shortly to discuss next steps and answer any questions you may have.

All information provided by sellers is believed to be accurate. Some numbers may vary due to reporting and adjustments. All numbers are approximate and provided to offer prospective buyers a general estimation.

Water Rights

Residence Well

Par 3 Course Well: @ 70-foot depth; 95 GPM/100 Acre Feet/40 Acres

Regulation Course Well (A): @ 325-foot depth; 220 GPM/114.4 Acre Feet/54.9 Acres

Regulation Course Well (B-1): @ 152-foot depth; 202 GPM/103 Acre Feet/30.6 Acres

Regulation Course Well (B-2): @ 103-foot depth; 202 GPM/6.4 Acre Feet/21.70 Acres

Clubhouse Well: @ 100-foot depth; 35 GPM/5.44 Acre Feet/2.09 Acres

Helena Valley Irrigation District: 506.10 Acre Feet Invaluable