Turning Partnership into Results

TruStar Golf is your business partner in achieving successful golf course management.  We specialize in the operation and management of golf courses; we provide the expertise and the support needed to make optimal financial, operational, and marketing decisions.

 
 

Strategic Guidance & Execution

Provide strategic guidance and implementation advice and execution when results are at risk of going off budget plan to prevent unpleasant surprises.

 
 

Budgeting

Complete and comprehensive budgeting assistance and completion -- capital and operational.

 
 

Pricing Strategies

Complete pricing strategies in the context of your market and segment of the competitive space.

 
  • Entrance Fees
  • Dues
  • Green Fee Rates
  • Promotion
  • Menus
  • Group events
  • and more...
 
 

Menu

Building and costing.

 
  • Restaurant
  • Pub / Grill
  • Group Events
  • Spa
  • and more...
 
 

Operational Support

Regular scheduled interaction with TruStar Golf specialists to vet or confirm operational decisions as they occur during the course of the operating season; in short we act as a sounding board to the club operations.

 

Our asset management services turn over responsibility of operations to TruStar Golf and we act as the property asset manager on behalf of ownership.  In addition to including our Golf CFO and Operational Monitoring Services, our Asset Management Services feature a full operational implementation program and the overseeing of all functional areas such as food and beverage, golf operations, pro shop merchandise, golf course maintenance, member service, accounting, administration, and additional club services and amenities (real estate rental program, golf academy, pools, spa, tennis, etc.).

 
 
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TruStar Golf manages all aspects of operations and policy/procedure related to revenue and profit maximization strategies, tee sheet and yield management, club sales initiatives and promotions, group booking, membership sales, activities, retention and surveys, amenity services, operational and capital expenditures, equipment lease negotiations, payroll management, human resources, health and safety, inventory management, internal controls, purchasing procedures, suppliers' agreements, accounting, administration, and point of sales system.  Asset Management clients have access to our purchasing program which assists in reducing expenses levels due to our purchasing power and synergies.

 
 

TruStar Golf has assisted financial institutions over the years in assessing loan situations and mapping out action plans to maximize loan performance.  Below are examples of projects we have completed for financial institutions

  • Non-performing loan analysis and development and implementation of workout strategies
  • Implementation of operating strategies and on-site
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Many golf courses simply do not have the resources to acquire high level executive Chief Financial Officer (CFO) level support in their daily operations of their golf facilities.  Yet financial reporting and control are essential in today’s highly competitive golf environment across Canada and the United States.

TruStar Golf has developed its Golf CFO services to offer golf courses the opportunity to benefit from high level CFO reporting and analysis to assist their management teams in getting the information critical to their daily management and success.  Golf CFO has proven to be a service that more than pays for itself in the savings it generates for golf course owners and operators.

Our Golf CFO services are specifically designed to provide owners and managers the critical information needed by users on appropriate frequencies to make optimal decisions.  In any market condition, the Golf CFO system provides essential services that most of today’s information systems are not capable of providing to the level of detail required or on the frequency needed.  Our Golf CFO services are designed for all levels of today’s golf course business and are scalable depending on the needs and number of users.

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Completion of a full suite of financial and operational reporting packages for owners and the management team.

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Reporting packages include weekly snapshots, monthly reporting, and year-end reporting.

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Results are monitored and compared against key performance measures, budgets, benchmarks, and prior year results. A “green, yellow, red light” tracking of actual results against budgets and prior year.

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Management and discussion analysis (MD&A), results interpretation, and overall club performance discussion.

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Support offered to the club’s bookkeeper in daily accounting needs and provide all non-standard  monthly and year-end journal entries to ensure reports reflect today’s accounting standards.

This service also assists owners in mitigating year end audit or review costs through reducing external accounting firm adjustments and working papers.

 
 
TruStar Golf services clients in golf markets across North America. Contact us today to schedule an appointment with one of our golf specialists.
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