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Golf Course Valuation Calculator
Enter your revenue and earnings before interest, tax and depreciation. The land is valued separately, and for some courses it is worth more than the operation.
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How this valuation is worked out
Golf courses are priced on earnings, typically in a mid single-digit multiple, with the land appraised on its own. Rounds played, food and beverage, and wedding and event income drive the earnings; irrigation, cart fleet and refundable membership deposits are the liabilities buyers price in.
A worked example
A daily-fee 18-hole course with $2.6M of revenue and $420K of EBITDA, a busy wedding calendar and an irrigation system due for replacement. At 6× that is roughly $2.5M for the operation, with the land appraised separately and the irrigation cost deducted.
Multiple ranges reviewed September 2026, based on offers buyers in our network are making today. They are a guide, not a quote — see how the process works.
What moves your number
- Rounds played and green fee trend over three seasons
- Food, beverage and event income, often the real profit
- Membership structure and any refundable deposits a buyer inherits
- Irrigation system age, water rights and drought exposure
- Development or entitlement value in the land itself
Want the full picture? What Is My Golf Course Worth?
Common questions
Is the land included?
It is normally appraised separately. Some courses sell for land value rather than business value, particularly near growing towns.
How are memberships treated?
Refundable deposits are a liability the buyer takes on and usually come off the price. Non-refundable dues income supports it instead.
Does the cart fleet add value?
Owned carts in good shape help; leased fleets transfer with the lease and are neutral. Old carts due for replacement come off the price.