Creating diversified income streams for clubs
Clubs are in the entertainment business, providing members and the local community with accessible dining, sporting and social options.
The importance of using an impartial advisor
Typically, our first engagement with a club is to provide advice. This advice considers factors such as the details of your property, the local market and the planning context.
The will but not the way – property development in unsuitable zoning
Clubs are looking to diversify their income, which has only been hastened by the impacts of COVID-19. For many clubs, revenue diversification is part of a bigger picture strategy that includes some element of redeveloping their property.
It’s never too late to change tack during your club development journey
Like all projects, the start of a club redevelopment is defined by excitement and optimism. The design schemes show brand new and perfectly functioning facilities and partners such as developers make promises of untold wealth.
Developers are knocking, but don’t give away control too cheaply
It’s no secret that COVID-19 has put clubs under significant financial pressure, and so it follows that it’s no surprise to hear about clubs receiving unsolicited offers from developers.
Not all developers are created equal – why character matters
We have written recently about how landowning clubs can use their property to diversify income and create a sustainable future for the club.
$100m+ projects – club redevelopments are serious business
Of the 20 development partnerships we are currently advising on, three club redevelopment projects in particular are at important junctures with one just completed, another about to submit a DA and the last close to signing a HoA.
Want a new club? Let’s remove the barriers.
Want a new club? Let’s remove the barriers. A new club, cash in the bank and diversified revenue streams sounds great for any club and is achievable for many through a club redevelopment
$250,000 – sounds good but just doesn’t cut it
We have heard of some recent deals where a developer gained exclusive control of club land through a payment of $200-300,000.
From little things, big things grow
Given our reputation as club development partnership specialists, it may surprise you that a big portion of our time is spent on general club property advisory and strategy implementation.
Developers – a valuable resource, if you know how to use them
Have you been approached by developers offering you what sounds like a huge amount of money to develop on your club land?
Business property – accessing development potential without affecting business viability
The three most common reasons that prompt business owners to ask us to create a property strategy for them are: They want to plan the future of the business.
Revitalise and expand your ministry using your property
If your church facilities are anything like those of many of our clients you could be facing a range of issues.
Money and experience are not barriers to successful church projects
If your church is short of funding and your members don’t have property and development skills then you’re certainly not alone.
6 steps to making your church property goals come alive
A successfully completed church property project is a wonderful thing. Not only does it mean a brighter future for the ministry of the church but it also means that the path through project funding, design, approvals and construction has been successfully negotiated.
Property as a funding solution for charities
The issue that is repeatedly reported as being the primary concern for charity boards and chief executives is the sourcing of funds.
Funding for charities – overcoming internal barriers to new revenue streams
Property is proven as a source from which new short and long term revenue streams can be generated but the ability to access this funding is often frustrated by organisational silos and internal fiefdoms.