Falmouth Golf Club with stunning views across Falmouth Bay has gone on the market for £2.75m as the current owner David Hughes decides to retire.
Mr Hughes originally bought the golf club in 2004 and since then the club has seen massive changes including a state of the art clubhouse in 2021.
The property is on the market with Miller Commercial which says in its sales pitch: “This is a superb opportunity to acquire one of Cornwall’s most popular golf courses and hospitality venues set in an elevated position overlooking Falmouth Bay.
"The club has undergone numerous improvements in recent years and most notably in 2021 saw the opening of its stunning new clubhouse and restaurant which has been designed to accommodate not only the membership but also a bar, restaurant, functions and events business, with the club being licensed for weddings.
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“The club has been owned by our client since 2004 and is now being offered for sale as a going concern, as he moves towards retirement.”
The agent says since moving into the new clubhouse in November 2021, the business has enjoyed consistent growth in revenue with the accounts for the year ending August 2022 showing a turnover of £987,808 and sales in the first half of this trading year (September 2022 to February 2023) up £185,000 (49%) on the same period last year.
Falmouth Golf Club was founded in 1894 and is affiliated to both the England and Cornwall Golf Unions and has a golfing membership across all the categories of circa 600, with a further 150 social members.
The members enjoy a busy golfing and social calendar which is largely administered by the respective, men’s and ladies captains and their various committees in conjunction with the clubs management team.
Falmouth Golf Club also has a thriving junior and senior section who host regular competitions and matches against other clubs from across the county.
The club employs a team of highly experienced staff and department heads including an accounts manager, head greenkeeper, head chef, bar and front of house managers, a weddings and events manager and a self-employed PGA Professional, who operates the new pro shop under a licence.
The course itself has seen significant alterations since Mr Hughes took over and in April 1 the new 18th hole was brought into play providing a grandstand finish in front of the clubhouse.
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