The McEnery Company has successfully completed numerous appraisals of both existing and closed golf course property located across Louisiana and Mississippi. The golf course marketplace has seen significant changes in recent years, and the preservation of profitability has proven to become a difficult effort in certain marketplaces. Consideration for alternate, or re-adaptive, use is often a critical analysis in the valuation of a golf course property in our market. Some of the courses we have previously appraised include: the former Colonial Country Club of Jackson, the LaTour Golf Course in Lafourche Parish, Lakewood Golf Course in Orleans Parish, and the Millbrook Golf and Country Club in Picayune, MS. We have a keen understanding of the applicability income multipliers, price per hole analyses and also an experienced approach to necessary personal property and measurable business enterprise value allocations that may be required.
