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New Offering!Exclusively Listed By: Eddy A. Dingman | Real Estate/Business Broker
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
This offering has been prepared solely for informational purposes. It is designed to assist a potential investor in determining whether it wishes to proceed with an in-depth investigation of the subject property. While the information contained herein is from sources deemed reliable, it has not been independently verified by National Golf and Marina Properties Group of Cold-well Banker Commercial NRT or by the Seller.
This document is provided subject to errors, omissions and changes in the information and is subject to modification or withdrawal. The contents herein are confidential and are not to be reproduced without the express written consent of National Golf and Marina Properties Group of Coldwell Banker Commercial NRT.
Disclaimer Statement
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
Employees: 5 PT / 1 FT (course only) Crew: Would like to stay on w/ new owner
Property Overview
*Includes golf cart where available
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BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
Golf Course - This is a relatively difficult executive course to play. It has tree-lined fairways and water comes into play on more than 50 percent of the course. Each hole offers a challenge to the full range of clubs. Hole No. 13, a 201-yard, par 3, requires a long, accurate carry with hazards left and right of the green. The par 3’s range from 102 to 206 yards.
The “Grove” - The “Grove” is an active semi-private course that caters to both senior walkers and rid-ers. It is a beautiful, well maintained community of 210 homes and villas. Located in the City of Tavares, America’s “Seaplane City”. The City of Tavares Seaplane Base & Marina at Wooten Park in downtown Tavares on Lake Dora was opened as an FAA certified airport and marina, providing free itinerant boat docking and offering aviation and marina fuel sales.
Clubhouse - Clubhouse consists of 4,404 square feet and includes three (3) offices, a pro shop and restaurant, which is leased out with one year remaining.
Vacant Lots - Purchase price also includes four (4) vacant buildable villa lots.
The subject property is an semi-private 18-hole executive golf course located in downtown Tavares , America’s “Seaplane” City
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PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
Course Overview
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BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
Course Scorecard
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BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
#1 green
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BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
• 8 •
PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
• 9 •
PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
• 10 •
PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
• 11 •
PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
• 12 •
PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
• 13 •
PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
• 14 •
PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
City of Tavares - is located in the central portion of the U.S. state of Florida. It is the county seat of Lake County.It is part of the Orlando–Kissimmee–Sanford Metropolitan Statistical Area.
Location Overview
Lake County - With its prime location, pro-business approach and unparalleled quality of life, Lake County is undoubtedly open for business.
Lake County is an excellent location for companies looking to start, expand or relocate a busi-ness. Boasting a strong transportation and shipping network, the ability to support a plethora of industries and immediate access to a diverse and skilled workforce, Lake County is built to ser-vice the needs of any company.
Lake County is placing tremendous focus and allocating significant resources to economic de-velopment and the support of our existing businesses. Businesses of all sizes benefit from the County’s focus on business retention and expansion, which includes three Business Opportu-nity Centers, spread across the County, each of which includes dedicated SBDC support and a business incubator program. Additionally, Lake County has intensified its partnerships with other business support agencies, including Workforce Central Florida, GrowFL, and others to assist our local businesses with whatever needs they may have.
Lake County offers small town character, combined with the amenities of a major metropolitan city. Centrally located in the state, with easy access to interstates, highways, railways, seaports and international airports, companies in Lake County are able to service businesses throughout the state, nation and world, with down-home southern hospitality and a smile. This also makes Lake County an attractive destination for tourists, and the best and brightest employment candi-dates.
Placing great emphasis on being the most business friendly county in the State and contributing significant resources to economic development and job growth, the Lake County Board of County Commissioners is determined to create a robust and healthy economy for Lake County’s citizens and businesses.
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BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
LOCATION MAPS
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BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
Location Aerials
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BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
DEMOGRAPHICS129 Juniper WayTavares, FL 32778
Population 1-mi. 3-mi. 5-mi.Total Population 4,380 19,188 41,911
Group Quarters Population 1 923 1,226
Urban Population 4,380 18,980 39,657
Rural Population 0 208 2,254
Not defined 0 0 0
Adult Population 3,632 15,997 35,024
Ratio of Males to Females 0.9 0.9 0.9
Female Population 2,337 9,911 21,976
Male Population 2,043 9,278 19,935
Land Area (Square Miles) 2.7 18.1 48.0
Age 1-mi. 3-mi. 5-mi.Median Age, Total 57.3 50.4 52.1
Median Age, Male 55.5 47.4 49.6
Median Age, Female 59.0 53.3 54.3
% Age 18+ 82.9 83.4 83.6
% Age 21+ 80.6 80.2 80.6
% Age 55+ 52.1 44.9 46.5
% Age 65+ 40.2 32.1 32.3
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PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
Ethnicity 1-mi. 3-mi. 5-mi.% White 82.9 80.4 81.4
% Black 7.6 9.0 7.7
% Asian 1.7 1.6 1.7
% Hispanic 6.3 7.5 7.7
% Other 1.4 1.5 1.5
5 Year Projections 1-mi. 3-mi. 5-mi.Total Population 5,128 20,708 44,996
Group Quarters Population 1 923 1,226
Adult Population 4,271 17,254 37,684
Total Households 2,308 9,131 20,270
Per Capita Income (based on Total Population) 25,143 25,140 25,919
Total Population 16+ 4,363 17,636 38,513
5 Year Ethnicity Projections 1-mi. 3-mi. 5-mi.% White 81.9 79.3 80.5
% Black 8.4 9.5 8.0
% Asian 1.7 1.7 1.7
% Hispanic 6.7 8.1 8.3
% Other 1.3 1.4 1.5
Housing and Household's 1-mi. 3-mi. 5-mi.Total Housing Units 2,403 10,247 22,304
Total Households 1,981 8,442 18,792
Owner-Occupied: Owned with a mortgage or loan 697 2,889 6,458
Owner-Occupied: Owned free and clear 956 3,564 7,500
General Merchandise, Apparel and Accessories, Furniture and Other Sales$7,617,390 $32,409,891 $73,269,760
2013/2014 Demographics provided by Experian through Alteryx
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PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
Confidentiality Agreement
This Confidentiality Agreement (“Agreement”) is made as of the _______ day of ________________________, 2014 by NATIONAL GOLF & MARINA PROPERTIES GROUP of Coldwell Banker Commercial NRT and ___________________________________________ (“Recipient”). WHEREAS, Owner is the owner of the Property known as Bay Tree Executive Golf Course, Tavares, Florida (the “Property”) and Recipient is a party interested in purchasing the Property from Owner (“Owner”), or Recipient is an advisor representing a party that has expressed interest in purchasing the Property from Owner (an “Interested Party”); WHEREAS, in order to evaluate the possible sale of the Property, Recipient has requested access to cer-tain confidential and proprietary information the unauthorized release of which could cause serious harm to Owner; and WHEREAS, Owner is willing to provide such information if it has adequate assurances that the information will be kept confidential; NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Recipient agrees as follows: 1. Recipient acknowledges that all documents, analyses, records, statements, etc. (the “Confidential Information”) provided by Owner or its broker, National Golf & Marina Properties Group of Coldwell Banker Com-mercial NRT (“Owner’s Broker”) are confidential and proprietary to Owner. The term Confidential Information does not include information that (i) is already in Recipient’s possession (other than information previously furnished to Recipient by Owner or its agents), provided that such information is not known by Recipient to be subject to anoth-er agreement or obligation of confidentiality, or (ii) becomes generally available to the public other than as a result of a disclosure by Recipient or those to whom Recipient has provided Confidential Information (Confidential Infor-mation shall not be deemed to be generally available to the public or in the public domain merely because any part of any Confidential Information is embodied in general disclosures or because individual features, components, or combinations thereof are now known or become known to the public), or (iii) becomes available to Recipient on a non-confidential basis from a source other than Owner or its agents or advisors, provided that such source is not known by Recipient to be bound by an agreement or other obligation of confidentiality. Recipient shall keep all such information confidential and shall not, except as may be required by law, regulation or legal process binding upon Recipient, disclose, summarize or otherwise provide any or all of the Confidential Information in any manner without the prior written authorization of Owner, except as otherwise set forth in this Agreement. Recipient may dis-close the Confidential Information to the Interested Party, provided such Interested Party has previously executed and delivered to Owner a confidentiality agreement in the form of this Agreement. Recipient shall not photocopy or reproduce the Confidential Information in any manner. 2. Recipient may use any or all of the Confidential Information only for the purpose of its analysis of the pos-sible purchase of the Property. If Recipient is an Interested Party, it may summarize any or all of the Confidential In-formation only in that connection. Recipient shall not use any of the Confidential Information for any other purpose. 3. On a “need-to-know” basis only and solely for the purposes of assisting Recipient in evaluating the pur-chase of the Property, Recipient may disclose, summarize or otherwise provide any portion of the Confidential Information (1) to Recipient’s partners and employees, and (2) if Recipient is an Interested Party, also to its ac-countants, potential lenders, lawyers, agents and other advisors. In either event, Recipient shall give a copy of this Agreement to all persons to whom it gives access to the Confidential Information and shall inform all such persons that the Confidential Information is confidential and proprietary to Owner, and the Confidential Information must be maintained as confidential, and that none of the Confidential Information may be disclosed without prior written authorization by Owner.
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PLEASE DO NOT DISTURB EMPLOYEES
BAY TREE EXECUTIVE GOLF COURSETavares, Florida
PLEASE DO NOT DISTURB EMPLOYEES
C o n f i d e n t i a l o f f e r i n g M e M o r a n d u M
National Golf & Marina Properties Group of Coldwell Banker Commercial NRT | www.nationalgolfandmarina.com
CONFIDENTIALITY AGREEMENT
4. If the Property is not sold to Recipient’s Interested Party, Recipient shall promptly return to Owner all Confidential Information it received at Owner’s or Owner’s Broker’s request. If Recipient is an Interested Party and Recipient determines that it is not interested in purchasing the Property, Recipient shall promptly return to Owner all Confidential Information it received at Owner’s or Owner’s Broker’s request. 5. Owner and Owner’s Broker make no representation or warranty about the accuracy or complete-ness of any Confidential Information. Recipient releases and holds Owner and Owner’s Broker harmless from and against any loss or damage Recipient may sustain due to its reliance on any of the Confidential Information. If Recipient is an Interested Party, the provisions of this Agreement shall not be amended, merged into or otherwise modified by any subsequent agreement entered into between Recipient and Owner or any instrument executed by Owner for Recipient’s benefit unless such agreement or instrument expressly states so. 6. If any party believes that the unauthorized disclosure of any or all of the Confidential Information is likely to occur, Recipient shall take all reasonable measures, and shall support any reasonable measures by Owner, to prevent such disclosure. If an unauthorized disclosure of any or all of the Confidential Information has occurred, Recipient shall not interfere with any effort by Owner to pursue legal and equitable remedies available in result of the unauthorized disclosure. 7. It is understood and acknowledged that unauthorized release of any or all of the Confidential Information would cause immediate and irreparable harm to Owner that could not be repaired and for which Owner could not be fully compensated by money damages. Recipient agrees that Owner may obtain injunctive relief to prevent or limit such unauthorized disclosure, and may also pursue any other remedies available under law or equity in result of an alleged or reasonably anticipated breach of this Agreement. Recipient agrees to pay any damages incurred by Owner as a result of Recipient’s breach of this Agreement, including but not limited to court costs and reasonable attorneys’ fees. 8. This Agreement shall be governed by and construed in accordance with the laws of the State of Georgia, without regard to principles of choice of law or conflicts of law. This Agreement shall be binding upon Recipient’s successors and assigns, and shall inure to the benefit of Owner’s successors and assigns. This Agreement shall terminate as of the date that is one year from the date Recipient returns the Confidential Information to Owner as required in Section 4 of this Agreement.