In addition to strategic planning and spending, the management team will develop quarterly communication for necessary parties about the status of completed projects, pending projects, and future considerations. The goal is to create the proper short- and long-term planning process while supplying the necessary communication. It is essential that this reinvestment is both understood and viewed positively by a club’s customer base.
It is essential to build an ongoing short- and long-term capital plan. Our company recommends 2% to 3% of total revenues be dedicated to such projects and planning. Our recommendation would be to conduct an annual full-scale site walk through of a facility. This walk through will be conducted each year and a list will be compiled of all outstanding deferred maintenance issues, all potential future needed refurbishment projects, and all areas of potential upgrades.