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Sky Golf Profitable in the Great Recession

By Forrest Blake

The owner of 12 GolfTEC Centers here in Sothern California, Sky Golf LLC, has great news on their continuing success of its business.  The fiscal year end was August 31st and we are happy to report an increase in EBIDAT of 62%. During one of the most difficult times for discretionary retail in the US we have now posted two years of in a row of profitability. The expectations this year is to increase another $200,000 and begin to drive towards our goal of a million in EBIDAT. Gross Same Store Sales revenue increased over 20% in 2011 which is in addition to 27% increase posted in 2010. These numbers don’t include the successful launch of Fairway Vacations and the continuation of the growth of our golf social network MyGolfPeople.com.

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