Recommended
More Related Content
Similar to Cleckheaton VGC Presentation
Similar to Cleckheaton VGC Presentation (20)
Recently uploaded
Recently uploaded (20)
Cleckheaton VGC Presentation
- 1. CLECKHEATON VIRTUAL GOLF CENTRE Two fully-equipped teaching, assessment and practice bays
- 2. WHY • We have limited Practice Facilities – both now and in the future • Our Professional quoted ‘we have the worst Practice/Teaching facility in the region’ • Every member at some point could benefit from this facility • Junior coaching could move to a new level • Generate revenue 365 days a year no matter what the weather
- 3. PROJECT OVERVIEW It will improve our membership • Nearest the pin and longest drive competitions • Indoor golf, social game play or practice • 365 days a year golf • Improves & increases our facilities New Revenue Stream • Offer indoor options to visitors • Increase beverage and food sales • Increase number of visitors and corporate days • Members engaged more throughout the year
- 5. THE TECHNOLOGY The Golf Swing Studio Purpose built Performance Studio Stunning environment Encourages teaching &learning FlightScope X3 launch monitor Fusion tracking technology Measures 27 variables related to club, ball and swing
- 6. THE TECHNOLOGY Video Analysis • V1 Pro HD Video Analysis • Camera speed, 210 frames per second • Full analysis of the golf swing simultaneously from 2 camera angles • For both full swing and putting • TruGolf E6 Simulation software • Provides the golfer to practice, real play on real time golf course
- 7. THE TECHNOLOGY Layout for a Golf Swing Studio Purpose designed and built studio Performance tee turf, net and projection system Large format displays Hi frequency continuous video lighting
- 8. GOLF SWING STUDIO VIDEO VIDEO GOLF SWING STUDIO CLICK TO PLAY
- 9. THE TECHNOLOGY Indoor Putting Analyses • SAM PuttLab analyses the 28 most important parameters of your putting stroke • Displays the results in easy to understand graphic reports 43 % of golf shots are putts! However, putting is rarely trained systematically
- 10. THE TECHNOLOGY Simulator Studio Trutrack 2 tracking technology E6 software, HD projector 78 Golf Courses Central sensors for left & right handed players 4.5m wide enclosure with high quality impact screen Full false floor ideal for putting Speaker System Touchscreen
- 11. GOLF SWING STUDIO VIDEO VIDEO GOLF TECH SYSTEMS CLICK TO PLAY
- 12. THE TECHNOLOGY Swing Analysis Incorporated in the Simulator Studio Swinguro Pro is the ultimate wireless and markerless 2D & 3D Golf Swing Analysis software for coaches and players Elevate your game to the elite level
- 14. REVENUE GENERATION Projected Income • £10 for ½ hour - ½ price for Juniors • £20 for 1 hour - ½ price for Juniors • £30 for 2 hours – approx. time to play one round as a four-ball Contribution • £500 per month rental income for the ‘Teaching Facility’ for up-to 100 hours per month ( effectively £5 per hour ) • After 100 hours per month, £10 per hour to be charged to compensate for the additional consumable items such as impact screen, projector lightbulb etc.
- 15. PROJECTED INCOME Income from Members & Visitors Summer 1 x hour per day @ £20 p/h 7 days x 26 weeks x £20 = £3,640 Winter 2 x hours per day @ £20 p/h 14 x 26 weeks x £20 = £7,280 Assumed income £10,000 Rental Income £6,000 pa minimum Total Income £16,000 Return £12,000 minimum Potential profit if marketed correctly £24,000+
- 16. FINANCIAL PROPOSAL The project will be financed by the following:- Building: - Financed by the donation made by Emerson & Renwick and the VAT refund. Plus, profit or part thereof from trading in year 2016/17 - £25,000 = £75,000. + Vat. The total project is estimated at £150,000. Fit Out: - The fit out will include all fixtures and fittings along with the simulation equipment, estimated cost £75,000 The £75,000 Fit Out cost will need to be financed !!
- 17. FINANCIAL PROPOSAL The club will finance the build using the VAT refund the E & R money plus the profit transfer through a Subsidiary company. Therefore, there will be no increase in club’s borrowings and we will stay with the Articles of Association, leaving sufficient headroom, for machinery break downs and other small projects should they arise. Equally the subsidiary company will be able to reclaim VAT in full on the complete project, however VAT will be charged on income A subsidiary company will be set up of Cleckheaton & District Golf Club Ltd, the subsidiary will have its own Articles of Association and have the following “Share Structure” The club will own the majority of shares 75%. Members will own the remaining shares at a value of £1,000 per share. For which they will receive share certificates, but they will not have voting rights or dividend coupon. The Club will have the sole right to buy back members share on or before 10 years’ dependent upon the financial return of the project.
- 18. FINANCIAL PROPOSAL The shares can only be purchased by members and will be transferable to other members. Should the shareholder die the club will buy back the shares at that time. Council being the majority shareholder will appoint the Managing Director. Payments made back to the Parent company will not be subject to Tax The Subsidiary will be registered for VAT and will therefore claim back the VAT on the fitting out costs. The Subsidiary will submit VAT returns. The Club will accrue funds from the profits made by the venture with the objective to pay back or redeem the shares, the club will not take “Dividends” until the shares are redeemed in full. Shares will be made available to all members, however should insufficient members participate, participating members will be allowed to buy more shares. The Subsidiary will have Articles of Association drawn up to ensure the club always maintains control.
- 19. BENEFITS • Enable golf to be played when the course is closed • Enhance the major improvements to the clubhouse and the golf course currently underway • Encourage more people to play golf from junior to senior level • Members and guests can enjoy nearest-the-pin and long-drive competitions • 18 holes of social or competitive golf, along with in-depth practice sessions • State-of-Art technology, including numerous simulated golf courses • Every member who invests in this project will be recognised on a plaque – similar to the one on the Sun Terrace
- 20. SUMMARY • We have extremely poor and limited Practice Facilities • The VGC will provide an ALL-year round golf facility • State-of-the-Art Technology • Projected cost - £150,000 • Investment required from Members - £75,000 • Members Investment is secure and hopefully will be repaid within five to eight years • Please help we need your support !!