Golf retailer Clubhouse Golf bags £4m to drive growth
Investment will be used to explore new international opportunities and strengthen brand relationships
Clubhouse Golf, a Manchester-based golf retailer, has secured a £4m investment from private equity firm Foresight Group.
Founded by Paul Reeves as an on-course shop, Clubhouse Golf sells everything from clubs to shoes and trolleys form a range of leading brands.
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The company went on to open a high street store in Salford and an e-commerce platform. Today it operates a 30,000 square foot warehouse and distribution centre, with PGA Professionals available in store seven days a week.
The finance will be used to strengthen brand relationships and develop its online platform to explore new export opportunities.
Ben Reeves, managing director at Clubhouse Golf, commented: “It is great to see Foresight’s commitment to boosting smaller businesses in the Manchester area, as the city establishes itself as a national infrastructure and commerce centre.
“Clubhouse Golf has really taken off as a business since launch to become a leading golf equipment retailer, and this investment will enable us to achieve the possibilities that the current rate of growth presents.”
Matthew Pomroy, Foresight Group investment manager, said: “Clubhouse Golf is a good example of the kind of growing small business we seek to invest in.
“It has an exciting young management team who have grown the business over 30% in the last couple of years and built a great brand in the sport.”