Operating and financial trends in private clubs in Florida

The 2011 Florida Trends in Private Clubs marks the 37th year of production for this annual report highlighting operating and financial trends of more than 200 clubs throughout Florida—the state with the highest concentration of private clubs.

Florida Trends in Private Clubs is a non-solicited statistical review comprised of data compiled from the latest annual reports of private clubs and associations audited by McGladrey & Pullen. This methodology speaks to the integrity of the data and reliability of our findings.

Highlights from this year's report include:

• Fifty-seven percent of clubs reported positive working capital (up from 45 percent only four years earlier). This marked increase is attributed to the need for greater fiscal prudence during the recession and consistent operating surpluses.
• There has been a marked increase in capital improvements—a trend expected to continue as 24 percent of clubs in the state plan significant capital improvements in 2011.
• Third-party debt is now held by 67 percent of clubs throughout the state with the average statewide debt per member totaling $6,000.
• Payroll remains the largest component of club operating expenses, accounting for 52 percent of total operating expenses and approximately half of total operating revenue.
• In food and beverage operations, approximately 80 percent of clubs either held or reduced their menu prices in 2010, and of the remaining 20 percent that increased their prices, the average price increase was 5 percent.
• Golf course maintenance costs mostly held steady around $76,000 for both 18-hole and multiple course clubs. Eighteen-hole clubs experienced the first decline in cost per hole in 10 years, albeit a minimal $1,000 per hole decrease.

2011 Florida Trends in Private Clubs Executive Summary
Download the executive summary for more details.

The complete report is available for $199.99. Contact us to request your copy today.