GolfSpace · Investor Brief

The Club for Whatever Drives You.

Building Australia's category-defining premium indoor golf brand

Prepared for Club Links · 28 May 2026

01 · The Concept

One brand. Four pillars.

Welcome to the space golf's been missing. GolfSpace is the club for whatever drives you.
To elevate. To play. To entertain. To belong.

Elevate

Coaching. Practice. Improvement.

Play

Leagues. Rounds. Tournaments.

Entertain

The Reserve. Events. F&B.

Belong

Membership. Community. Club for life.

02 · The Sydney Flagship

Five years building. The model proven.

Our 1,500 sqm two-level club in Alexandria, Sydney, opened in February 2022. Five years of operational learning. A consistently 93% gross margin. A team and operating model now proven across thousands of bookings, hundreds of events, and a member base that has grown every year.

◆1,500 sqm over two levels

◆18 TrackMan simulators

◆8-lane TrackMan driving range

◆The Reserve members' lounge

◆650 total membership capacity

◆Inc. 150 Academy members

03 · The Spaces

Designed for the player. Designed for the club.

Unique Spaces. Unrivalled Experiences.

04 · The Productised Model

We don't sell one product. We sell eight.

Eight products. Eight funnels. One ecosystem that compounds.

Academy Membership

150 Members

$900K

Access Memberships

Essential + Elevate - 500 Members

$1.10M

Events @ The Reserve

120 events per annum

$600K

Corporate Golf Days

Coco Republic Cup

$200K

Women's Golf Community

Women only events

$150K

Casual / PAYG

Sim bookings / lessons / range balls

$500K

F&B

Day to day and events

$350K

Gift Vouchers & Retail

Branded merch and experiences

$50K

Total annual revenue at maturity$3.85M

05 · The Ecosystem

Three Businesses. One Ecosystem.

Designed as a single ecosystem to scale globally.

GolfSpaceLifestyle Clubs

Performance & Entertainment

Elevate · Play · Entertain · Belong

GolfSpaceBlack

Private CBD member clubs

Premium pricing · High yield

GolfSpaceAcademy

Global education and AI coaching platform

UTS partnership · R&D-led

One brand. Three businesses. Built to scale.

06 · IP & Moat

A venue can be copied. The IP cannot.

The Bonnie Doon Method

Proprietary 12-week coaching methodology. Technology meets course strategy.

The Filmed Coaching Library

Six on-demand modules in the Academy app. Compounds with every Project.

The Projects Rhythm

Bonnie Doon. Royal Sydney. The Australian. A repeatable acquisition system.

The Coco Republic Cup

B2B corporate acquisition engine. Sponsor-funded. Monetises off-peak inventory.

The Women's Community System

Saturday rhythm at The Reserve. Addresses a structurally underserved segment.

The Data Layer

TrackMan + SAM PuttLab + AI training dataset. Foundation for the future AI coach.

Partnerships with UTS and CSIRO. R&D Tax Incentive eligible. Coco Republic brand contra worth ~$40K of capex offset.

07 · Five Years. The Inflection.

We invested for five years. Now we scale.

$2M

Bootstrapped investment. No VC.

$462K

Operating expense reduction in FY2026 (21% YoY).

$1.38M

Operating profit target by FY28.

From a $957K loss in our opening year to $1.38M operating profit in FY28. The compression is complete. The compounding starts now.

08 · The Current Run Rate

$44K a week today.
$60K a week by Christmas.

Current weekly cash in

$44,000

$2.29M annualised

Target by Q4 2026

$60,000

$3.12M annualised

◆Essential EOFY campaign: 65 new members at $39.95/wk

◆Project Bonnie Doon (launches 15 August): 75 new Academy members

◆Women's Saturday events ramping fortnightly

◆Coco Republic Cup running monthly through summer

◆Events campaign launching in June (1–2 per week)

◆Corporate Golf Days launching in Sept

A 36% revenue lift, fully recurring, with no incremental capex.

Golfer mid-swing in a TrackMan simulator bay

09 · 3-Year Forecast

The path from breakeven to $1.38M operating profit.

FY26 closing

Revenue$2.00M

Opex$1.73M

Profit~$0K

Margin~0%

FY27 forecast

Revenue$2.95M

Opex$1.90M

Profit$0.85M

Margin29%

FY28 mature state

Revenue$3.85M

Opex$2.40M (capped)

Profit$1.45M

Margin38%

Operating expenses capped at $2.4M. Capex below $40K over two years through the Coco Republic contra. Unit economics: 6.5:1 LTV:CAC. 93% gross margin sustained.

10 · The 10-Year Vision

From Sydney to 100 clubs globally.

Validate Sydney

Now → FY27

$3.85M revenue. $1.38M operating profit. The productised model proven at the flagship.

GolfSpace Black CBD

FY27 → FY28

Super-premium private members club in Sydney's CBD. 200 founding members secured pre-launch. Milestone 2 from our 2024 plan.

Replicate and Scale

FY28 onwards

Australian network, then global. Black and Life formats across major metros.

The first GolfSpace is the proof of concept. The next 99 are the prize.

11 · Leadership Team

Operationally capable. No key man risk.

Dean Dewhirst

Founder & CEO

Nichola Garvey

Co-founder

David Marriott

Strategic Investor (US/Global)

Stephen Adams

Club Manager

Charles Kares

Head PGA Professional

Owen O'Loughlin

Lead Coach & Bonnie Doon Method

Rikki Gilbey

Sales & Project Bonnie Doon

Issi Bryon

Member Growth

Sam Mercado

Women's Growth

Hayden Edwards

Events

All full-time or retained on long-term contract. Marketing now run in-house with AI tooling. No agency dependency.

12 · Looking Ahead

GolfSpace is at the point where the next phase begins.

The flagship is built. The model is proven. The team is in place. The next phase is about scale — opening GolfSpace Black in the Sydney CBD, deepening the Academy as a platform, and laying the groundwork for replication. We're meeting selectively with operators who have a genuine view on where the premium end of golf is heading, and seeing where the right relationships might sit.

Whether GolfSpace and Club Links are the right fit is a question worth exploring together.

Dean Dewhirst · Founder & CEO · GolfSpace