Third-Party Property Management for Golf and Sports Facilities
Owning and running a golf course or sports facility presents an array of opportunities and challenges, which includes balancing operational efficiency and profitability with guest satisfaction and service delivery. Hiring a third-party management company such as KemperSports and retaining its suite of customized management services and solutions can help owners successfully navigate this ever-evolving landscape while also growing their business and prioritizing community impact.
The successful development of the West Henderson Fieldhouse showcases KemperSports’ ability to deliver innovative and impactful projects.
For property owners considering third-party management for their golf course or sports venue, there are two primary models to explore: Fixed Lease and Fee for Service. Each offers unique advantages depending on your goals, risk tolerance and level of desired involvement.
Fixed Lease Third-Party Management Model
The Fixed Lease Model shifts financial responsibility and operational control to the third-party management company. In this model, the management company leases the property, assuming both the risks and rewards of operating the facility.
When to Use the Fixed Lease Model:
Owners should consider the Fixed Lease Model if they’re ready to step away from day-to-day operations and want to minimize their financial exposure. This model is perfect for owners who have built a successful business and want a trusted third-party operator like KemperSports to continue driving profitability while enhancing community impact and facility growth.
Fee-for-Service Third-Party Management Model
The Fee-for-Service Model presents an alternative that allows owners to step away from the day-to-day business yet still retain control of key strategic decisions. In this model, the owner maintains the financial risks and rewards, while the third-party management company is brought in to execute on the owner’s vision, deliver operational expertise and proven solutions, and run the day-to-day.
When to Use the Fee-for-Service Model:
Owners who prefer to remain involved in their business, maintain financial control and prioritize strategic goals and objectives will find the Fee-for-Service Model more suitable as it allows them to continue shaping the business while outsourcing operational complexities to a third-party expert.
Which Model is Right for You?
The best third-party management model depends on the facility owner’s needs, goals and financial risk tolerance. If you’re looking to be hands-off and believe third-party management can maintain and perhaps enhance what you’ve built, from profitability, community impact, and more, the Fixed Lease Model might be the answer. For owners who want to retain financial oversight and strategic control, the Fee-for-Service Model provides added flexibility and brings proven operational expertise from a third-party operator.
Fixed Lease Model
Key Points:
- Reduced operational burden
- Minimized financial risk
- Potential for increased revenue
Ideal for:
- Owners seeking a hands-off approach
- Those prioritizing long-term financial stability
Fee-for-Service Model
Key Points:
- Retained ownership and control
- Access to expert management expertise
- Customized solutions to meet specific needs
Ideal for:
- Owners who want to remain actively involved
- Those seeking to optimize operations and enhance profitability
At KemperSports, we are experienced in both models, offering customized solutions to meet your unique needs and goals. By understanding the distinctions between these two models, owners can make informed decisions that align with their strategic vision and financial objectives. Whether you’re looking to shift financial responsibilities or focus on strategic oversight, we have the expertise to help you succeed. Ready to take the next step? Contact us today.
We own, lease, operate and develop facilities. Contact us to learn more about our service solutions.