Featured Property
- Northeastern United States

This historic course is located in the northeastern part of the United States.  The course has been open for over 100 years and today provides 18 holes of top-notch golf.  The course is located on 135 acres of gently rolling terrain.

Covered with Bent grass, this course was designed "Scottish-links" style, so the large fairways and undulating greens keep the player challenged  A large man-made pond on the course supplies water to the irrigation system, as well as providing an interesting challenge on four of the course's holes.

The par 72 layout plays a 6,646 yards from the green tees, 6,147 yards from the white tees, and 5,559 yards from the gold tees.  The course takes pride in being challenging to the best golfers but can provide an enjoyable experience for the less accomplished golfer as well.

The 5,472 sq. ft. club house includes a pro shop, bar, dining room, men's/women's dressing rooms, and a patio where guests can relax and enjoy the scenery.  The property also includes tow storage buildings with a combined total of 2,430 sq. ft.

After operating many years as a private, members only country club, the course opened up to the public utilizing a membership program.  Many other resorts exist within a 26 miles radius of this course providing for packaged play offerings to visitors and locals in the area.

Accountants Report
     Certified by regional CPA firm is course's area.
Financial Statements
    Balance Sheets
     Statements of Loss and Retained Deficit
     Statement of Cash Flows
     Notes to Financial Statements
     Adjusted Cash Flow Statements
     Comparative Profit and Loss Statement
     Projected Adjusted Cash Flow
     Projected Profit & Loss
     Golf Course Equipment List
Supplementary Information
    Schedules of Golf Course Income and Expenses
     Schedules of Restaurant Income and Expenses
     Schedules of General and Administrative Expenses
     Schedules of Other Income
     Schedules of Other Expenses
Accounting Method
     The accrual method is used for both financial reporting and income tax purposes.
Accounts Receivable
    Accounts receivable are charged to bad debt expense as they are deemed       uncollectible. 
Property and Equipment
     Property and equipment is recorded at cost and depreciation is computed based      on "useful life" classifications.
Business Activity
     The Board of Directors has decided to change from a semi-private club to a public      golf course and lower membership fees in an effort to attract new members.       Additionally, the Company has taken over operation of it's pro shop, eliminating      related management fees.