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GolfSuites 1

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Invest in the Nationwide Future of Golf

Monthly Dividends Paid at an Annual Rate of 8%*

Reg A+ Offering is Closed

We are happy to announce that our GolfSuites 1 Reg A+ offering has closed as of Wednesday May 20th. Please follow us on Facebook or Instagram to say up to date with GolfSuites!

GolfSuites is a new investment opportunity focused on bringing hybrid-golf centers for year-round play, entertainment and game improvement, to millions of people nationwide, in a friendly environment. We are designing guest experiences for: playing golf, world-class instruction, premier food and beverages, organized competitions and team practice, introducing golf to new players or for just plain fun!

Offering Circular

We accept Debit Cards, ACH, Check, Wire, Apple Pay and Google Pay.
We also accept investments from Self-directed IRA accounts.

How Are We Different From Our Competition?

The golf driving range entertainment industry was launched by TopGolf, a national chain with proven results. With a proven demand for golf entertainment facilities, we see demand exceeding supply and thus room in the market for competition. We have studied our competition and have found a number of core areas that can be improved upon in the industry. GolfSuites is dedicated to providing a more golf-centric approach, offering all of what the competitors offer, but with more features catering to golf enthusiasts. This includes our professional golf academy offering all levels of instruction which is led by Golf Pro Kyle Morris, real top-grade golf balls and Doppler-based ball tracking, just to name a few. And with GolfSuites, investors have the opportunity to take ownership of their own piece of this growing and exciting new market segment.

GolfSuites: The Suitest Experience

Specialized Offerings with Broad Appeal
  • Private, semi-private and VIP bays
  • A 275-300+ yard range, tracking every swing and shot within 3-4 inches
  • Professional-level game improvement, coaching, training and competition
  • Top-of-the-line food and beverage services
  • Online and in-app reservations
  • Convenient playtimes to enjoy as little as an hour of play or stay all day and evening
  • VIP hospitality and memberships
  • Organized competitions
  • Sheltered arrival zones
  • Valet parking
  • Locker rooms

We are working to make golf more affordable, less time-consuming, more fun and welcoming to all skill levels and ages.

GolfSuites is IN DEMAND

In most of the country, the outdoor golfing season is limited, leaving much of the year without play. Even in the best climates, wet conditions, heat and lack of daylight can limit play. Long time commitments and high costs are also among the contributing factors to the closure of traditional courses even as interest in playing golf is on the rise.***

***Source: IBIS World, Indoor Sports Facilities Management Industry in the U.S., Industry Market Research Report, February 2018

For example, non-golfers who expressed an interest in playing grew from 8 million in 2013 to 15 million in 2017, according to the National Golf Foundation.

GolfSuites is working to capitalize on these trends with the added convenience of participating at any skill level, for as little as an hour.

At GolfSuites centers, you will be able to play, take lessons or join a competition, rain or shine and even at night. From kids just starting out, to professional level players, we will welcome guests of all skill levels and ages.

THE GOLFSUITES INVESTMENT OPPORTUNITY

Today, we are presenting the opportunity to invest in GolfSuites in up to a $50 million Reg A offering. In addition to participating in the potential increase in the price of our stock, we are paying a dividend at the annual rate of 8%, paid monthly.* For many investors, the dividends may be tax-free for several years.**

Share price

$5.30

/SHARE

Dividend at the annual rate of

8%
 

PER YEAR
PAID MONTHLY*

Minimum investment

$500

Total offering of up to  

$50MM
Offering Circular

We accept Debit Cards, ACH, Check, Wire, Apple Pay and Google Pay.
We also accept investments from Self-directed IRA accounts.

*Since the tax treatment of any distributions may vary according to the financial performance of the company, as well as the particular circumstances of the investor, investors should consult their own tax advisers, and should not assume that the distributions will be subject to the same tax treatment from year to year. GolfSuites will not generate revenues or profits until the company has built facilities, and there is no guarantee that those facilities will be profitable. The company will set aside a capital reserve as investments are received; dividend payments will initially be made from this reserve. There can be no guarantee of future profits.
 
**During the early years it is likely that dividend payments will be tax-free due to favorable real estate depreciation tax rules combined with the likely treatment of dividends as a tax-free return of capital to investors and thereafter as capital gains income for a limited period. The dividend will only be payable to the extent there are legally available funds. GolfSuites does not offer tax advice. Investors should consult their own tax adviser for information regarding their own tax situations.
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Of the 14.7 million non-golfers in 2018 who say they would like to play golf, 31% are women and 62% are under age 35, according to the National Golf Foundation, Golf Industry Report in April 2019.

Standing Out on the Course

At GolfSuites, you can expect architect-inspired driving ranges (275-300+ yards) and putting courses, including “true green sites,” short game areas and simulated hazard designs. Our launch monitor technology aims to measure and track balls and club data within inches of targets, rather than yards, using authentic premium golf balls that perform at the highest level of feel and distance.

From lessons to meals, parties to competitions, Golfsuites will be a welcoming playground for golfers of all skill levels and ages.

State-of-the-Art Golf Academy

A crown jewel and differentiator of GolfSuites, the Golf Academy will be where guests can improve their overall skills as well as their capability to practice with purpose. The Golf Academies, will be designed by our PGA professional and NBC Golf Academy Lead Coach, GolfSuites’ Co-Founder, Kyle Morris, with an eye toward advanced training and coaching techniques for avid players and players of all levels.

All of the GolfSuites facilities will be able to host school sports and other teams to practice and compete.

Our goal is that guests will be able to see continuous improvement in swing, on-course strategy and ability to enhance overall scores.

#TheSuitestExperience

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SUPERIOR TECHNOLOGY

GolfSuites intends to use state-of-the-art technology, including Doppler Radar-based launch monitoring technology for ball tracking, swing analysis and mental sports performance coaching.

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LEARNING NEVER STOPS

The GolfSuites Academy will provide a supportive environment for serious game improvement, incremental learning or just for the love of golf.

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COMMUNITY & PRIVACY

Be it a VIP suite, participating in a competition, bringing the whole crew to play, a date, a seniors event or a family reunion, our guests will have the option to celebrate privately, interact with groups or enjoy a great meal and watch others play.

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WELCOMING MORE WOMEN

GolfSuites will specifically cater to the fastest growing segment of new golfers: women. There will be women-only learn-to- play-events, leagues and more.

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BEST-IN-CLASS FOOD

Our chef-inspired menu offerings, farm-to-table sourcing and craft beers will make us known as a best-in-class, food and beverage destination. We will offer family friendly snacks and meals too.

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#GOLFSUITES_EVERYWHERE

Our apps will be designed for fun and serious analysis. From keeping score to tracking competitions, scheduling playing times and reserving suites, and of course, ordering food and beverages.

Offering Circular

We accept Debit Cards, ACH, Check, Wire, Apple Pay and Google Pay.
We also accept investments from Self-directed IRA accounts.

WHO WE ARE

Our management team possesses a unique combination of real estate, finance, professional golf, food and beverage service, construction, marketing, branding, experiential design and senior management experience.

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Gerald (Jerry) Ellenburg

Chairman and Chief Executive Officer

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John Galvin

Chief Marketing & Experience Officer

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Ryan T. Koenig

Development Director

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Kyle Morris

Golf Director

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Nicholas V. Flanagan

President & Chief Operating Officer

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Tom LaPlante

Chief Technology & Strategy Officer

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David A. Morris III

Consulting Chief Financial Officer

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Scott McCurry

Vice President of Operations

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Scott Smylie

Advisor

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Rod Turner

Strategic Advisor

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Michael Zylstra

Chief Administrative Officer

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Ryan Ellenburg

Capital Markets Associate

HOW WE MAKE MONEY

Based on our research, revenue will be derived from food and beverages, golf activities, game improvement, lessons, events and ancillary retail sales. From fixed reservations, to teams, to competitions, to walk-ins, to
private parties, the diversity of guests and revenue we anticipate is vast.  

Here are just a few:

FAMILY REUNIONS

SERIOUS GOLFERS

COMPETITIVE TEAMS

COLLEGE TEAMS

DATE NIGHT

GAME IMPROVEMENT

TEEN PARTIES

FAMILIES

FUNDRAISERS / FOUNDATIONS

GUYS' NIGHT OUT

HIGH SCHOOL TEAMS

GIRLS' NIGHT OUT

AFTER WORK

BIRTHDAYS

SENIORS

If you like to invest in what you know, GolfSuites may
be the best return on fun, friends and potential profit yet.

Offering Circular

We accept Debit Cards, ACH, Check, Wire, Apple Pay and Google Pay.
We also accept investments from Self-directed IRA accounts.

Updates

November 08
GolfSuites 1 Midwest Region Locations

GolfSuites Chairman and CEO, Jerry Ellenburg, discusses the plan for GolfSuite's locations in the GolfSuites 1 Midwest Region.

August 30
GolfSuites 1 has just paid its first dividend!

Being investor-friendly and meeting our goals are priorities for GolfSuites 1—not just words. We are proud to announce that we have paid our first dividend as projected—a monthly dividend based on an 8% annual yield.* We believe this will be tax-free for most investors.**

Our minimum investment in GolfSuites 1 is just $500.

We’re just getting started: we just paid our first dividend, and can’t wait to keep hitting more of our goals!

Help us transform golf—complete your investment here!

More on GolfSuites 1:

Since our inception, we’ve been committed to meeting the rising demand for hybrid golf entertainment centers in the U.S. As a reminder, here are some of the features we aim to offer:

  • Architect-inspired driving ranges
  • State-of-the-art launch monitor technology with advanced tracking
  • A 275-300+ yard range, tracking every swing and shot within 3-4 inches
  • Year-round playtime on your own schedule—play for as little as an hour, or stay the whole day and evening
  • A game improvement academy designed by PGA professional and NBC Golf Academy lead instructor Kyle Morris
  • Chef-inspired food and beverages
  • Simulated versions of famous courses
  • Online and in-app reservations
  • Organized competitions and team practice

Want more information? Read our investment guide here.

Help us transform golf—complete your investment here!

Best regards,
Jerry

Gerald Ellenburg
Chairman and Chief Executive Officer
[email protected]
833-424-7343 (4BIRDIE)

*Since the tax treatment of any distributions may vary according to the financial performance of the company, as well as the particular circumstances of the investor, investors should consult their own tax advisers, and should not assume that the distributions will be subject to the same tax treatment from year to year. GolfSuites 1, Inc. will not generate revenues or profits until the company has built facilities, and there is no guarantee that those facilities will be profitable. The company will set aside a capital reserve as investments are received; dividend payments will initially be made from this reserve. There can be no guarantee of future profits.

**During the early years it is likely that dividend payments will be tax-free due to favorable real estate depreciation tax rules combined with the likely treatment of dividends as a tax-free return of capital to investors and thereafter as capital gains income for a limited period. The dividend will only be payable to the extent there are legally available funds. GolfSuites does not offer tax advice. Investors should consult their own tax adviser for information regarding their own tax situations.

An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement, which only means that the company may make sales of the securities described by the offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement from:

https://www.sec.gov/Archives/edgar/data/1765347/000114420419027542/tv522204_253g2.htm

You should read the offering circular before making any investment.

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Comments

JERRY ELLENBURG - CHAIRMAN / CEO on October 30
There have been some good questions posted on our social media pages. Posting them with the answers here so everyone has access to the info. One person asked if dividends can be automatically reinvested, and unfortunately they cannot. Another person asked if there would be requirements to pay more after an initial investment, and the answer is no. You can make the investment and that will be the totality of your financial contribution if you wish, and you are welcome to invest more if you would like while the offering is open. A few others asked if the ROI is 12.5 years due do 8% dividend. That is correct simply factoring in the interest over time, but in addition to this one would also have shares in company stock as well. The value of that has upside potential to greatly multiply but also has downside risk. Anyone investing should read the offering circular to get a good understanding of this opportunity and to reach out to us with any questions!

Investor Mike on January 14
These are not common shares though, right? If not, upside potential is severely limited. Will there be an offering of common shares or convertible shares?

Timothy Manos on October 29
When will I receive my subscription documents for ID # 832379196? Thanks

JERRY ELLENBURG - CHAIRMAN / CEO on November 01
Hi Timothy, it was sent off on 10/21 when you put in your investment. Chances are it might have gone to spam. We just sent you a new one a few minutes ago so check your email. Thanks!

JERRY ELLENBURG - CHAIRMAN / CEO on October 21
A recent question asked via email, and since it was a very good question, we want to address in the comments here as well. The question had to do with what possible returns there are besides just a dividend. Dividend payments are not necessarily a sole means of measuring return. One's decision should be based on 1) the dividend payment of 8% per annum, and B) the growth potential that comes from the implementation and success of the business plan (which we are not allowed to project specifically). This is preferred stock, which means that if the company or any of its assets are ever sold, the first funds to be paid out are to the Reg A shareholders prior to anyone else. We in management receive nothing unless and until all your investment principal is repaid. It is indeed success dependent, but given a successful implementation of the business plan, all of principal Reg A investment amounts are paid back prior to any other owned being paid.

JERRY ELLENBURG - CHAIRMAN / CEO on October 17
We have also been getting a good number of questions asking how many sites we have open, and where we are looking at going. Our parent company has one location open now in Tulsa, OK that is in our Zone 3. In Zone 1 that is offering shares now, we hope to develop and operate in several cities in the Midwest US, as these are our chosen ares for initial development due to land costs and development timeframes. However, we very much plan to develop and operate in other states across the country.

JERRY ELLENBURG - CHAIRMAN / CEO on October 17
We have gotten a few questions like this by email, so we are posting to the comments page for all to see: Q: What are costs, construction times, and what is the criteria for opening new sites? A: Facility costs are dependent on where we build, particularly land costs and how many suites we plan, which currently range between 60 and 100 (we call a “suite” the actual spot where customers will hit balls). This causes a wide range between $20 and $40 million. Time of construction is about one year and we are supervising construction with in-house management overseeing independent licensed general contractors. We currently are projecting sites in Detroit, Des Moines, Madison and other similar cities. As for site selection, our base criteria include land cost (projected between $2 and $6 million), timing of entitlements (zoning, permitting, etc.), labor costs and availability, and most importantly, size and earnings levels of population bases (desired is 1 million people +). We have extensive due diligence and feasibility procedures we go through.

DKY on October 17
How do we get our Investor ID?

JERRY ELLENBURG - CHAIRMAN / CEO on October 17
For any questions on your investments, or account info, please email me directly at [email protected].

Robert on October 12
Huge New Jersey and newyork market thousands of new Yorkers come to the poconos and spend lots of money also have lots of summer and winter homes here huge market maybe you should take a look then I would consider Investing contact me

Offering Circular

Please read the Offering Circular here: Get Offering Circular

AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT. YOU MAY OBTAIN A COPY OF THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT FROM:

https://www.manhattanstreetcapital.com/offering-circular/17483

YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.  

IMAGES CONTAINED IN THIS OFFERING CIRCULAR ARE ARTIST’S IMPRESSIONS AND THE ACTUAL FACILITIES MAY VARY.