Fast Facts: Club Food and Beverage Profitability

Club industry data confirms that about 70% of all clubs subsidize their F&B operation. In this session, Club Benchmarking COO Russ Conde explains the true financial significance of food and beverage relative to dues and other sources of revenue. See how clubs across the country have shifted the dialogue in the boardroom and put an end to the F&B debate.

Proper Capital Planning
is a Process, Not a Project

Thursday, March 23rd, 2023
1:00 PM to 2:00 PM EASTERN

If you are struggling with the capital planning process, you are not alone. Club Benchmarking analysis of balance sheet data from more than 1,000 clubs indicates that 75% are not generating sufficient capital to meet their future needs. Those outcomes are most common in clubs that either lack a capital plan entirely or have significant weaknesses in their approach to that process.

In this session, Club Benchmarking Founder Ray Cronin will address common issues that undermine the effectiveness of capital planning efforts in the club industry and explain the core components of a comprehensive, sustainable plan recently introduced at the CMAA conference as COMPASS - Comprehensive Asset Management.

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