Southwest Golf Management (SWGM) initiated due diligence several months ago.
To date, we have invested approximately $80K in due diligence, including travel, attorney fees, third party consultants and various research efforts. This amount does not include any hourly compensation for the SWGM principals and associates.
With all but a few engineering-firm items still outstanding, we are at the point of finalizing our agreement with the current PHCC owner.
The purchase is scheduled to close once the new liquor license has been received, which is expected to be the end of May, 2019.
SWGM will begin management while we are waiting for transfer of the liquor license.