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PRIVATE CLUBS

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What is the purpose of a private club? ... Privilege of using club facilities is obtained through payment of dues. ... Characteristics of a Private Club ... – PowerPoint PPT presentation

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Title: PRIVATE CLUBS


1
PRIVATE CLUBS
  • Four Major Categories
  • Country Club
  • City Club
  • City Athletic Club
  • Yacht Club

2
Country Club
  • Usually refers to a club in the suburbs with
  • Clubhouse
  • Golf Course(s)
  • Tennis courts
  • Swimming pool(s)
  • Other recreational activities
  • Recent 5 year trend .. To have a fitness and
    health center

3
City Club
  • Is typically a dining club located in the city
  • May be in a free-standing building by itself or
    in an office building, etc.
  • Main dining room, meeting rooms, lounge, and
    maybe a ball room.
  • Very formal service and upscale menus for
    business entertainment.

4
City Athletic Club
  • Is the same as a city club, but with athletic
    amenities such as
  • Tennis courts (indoor and outdoor)
  • Swimming pool
  • Fitness/athletic area including weights aerobic
    equipment
  • Racquetball, squash, basketball, etc.
  • Workout/aerobic class area
  • Locker rooms with full amenities

5
Yacht Club
  • Same as country or city-athletic club, but with
    marine activities and usually no golf.
  • Located on body of water
  • Powerboat or sailboat docking
  • Marina services

6
What is the purpose of a private club?
  • It is a specific place where one may associate
    with ones peers or those with similar interests
    athletic, social, industrial, intellectual, etc.
  • It is a selected group of people who gather in a
    specified place for social and recreational needs
    that are provided through professional management.

7
Why do people join private clubs?
  • Networking for business contacts
  • Social status
  • Fine dining
  • Athletic facilities

8
Two underlying reasons always exist
  • To be recognized
  • To have fun

9
Characteristics of a Private Club
  • Club has an established, stable clientele
  • Deal with the same customers day after day, week
    after week, year after year.
  • Fixed clientele requires that menus be changed
    more frequently than restaurants, and there are a
    variety of holiday celebrations.
  • Inventory in the pro shop must be turned over
    regularly.

10
Characteristics of a Private Club
  • Privilege of using club facilities is obtained
    through payment of dues.
  • Therefore, food must be outstanding or better
    than fine dining restaurants for city clubs and
    be priced competitively or lower than 4 star
    restaurant quality.
  • The FB operation is subsidized in part by the
    dues.
  • Expectations at a 4 star restaurant include
    table cloths, linen napkins, special china, fresh
    flowers, better than average service, immaculate
    grounds, and a unique menu.

11
Characteristics of a Private Club
  • A Club Manager is expected to know a variety of
    things in club management
  • FB operations for fine dining
  • Cost controls
  • Membership relationship
  • Board of Directors politics
  • Golf course agronomy and operations
  • Tennis programming and maintenance
  • Swimming pool safety and sanitation

12
Club Ownership Types
  • Member owned (equity)
  • The members own the assets, they have rights to
    the clubs equity, like shareholders.
  • Governed by a board of directors (typically 10 to
    12), but some are as low as 4 and as large as 50
    directors.
  • A membership has one vote on issues that are
    mandated by the clubs bylaws.

13
Club Ownership Types
  • Member owned (equity) - cont.
  • Depending on the states legal climate for
    ownership in a business, some clubs issue a bond
    to members and those with bonds can vote or
    redeem it for a set value.
  • Most of the old established clubs are of this
    format.
  • In order to maintain a clubs tax exemption, the
    IRS measures whether a club is a true private
    club by seeing if it allows non-members to use
    the facility by paying an admission fee.

14
Club Ownership Types
  • Proprietary (for profit)
  • Owned by an individual, partnership or
    corporation.
  • Members have no equity interest or actual control
    over its operation.
  • Developer built clubs and CCA clubs are examples
    of this type.
  • These clubs pay income tax and dont have
    abatements or lower rates on local taxes such as
    property tax.
  • Some developer clubs revert to member owned when
    a certain number of homes are sold (e.g. 75)
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