Proposal for Driving Range Revenue Share Partnership Presented by Cover the Tees Driving Range Solutions Date: 5/14/2025

Executive Summary
This proposal outlines a mutually beneficial revenue-sharing partnership between Cover the Tees and Eagle’s Landing Golf Club to design and develop the driving range facility located at 3989 Eagle Landing Pkwy, Orange Park, FL 32065. The goal is to enhance the facility's offerings, drive incremental revenue, increase traffic to the golf course, and improve the overall customer experience.

Objectives
Maximize utilization of the driving range facility
Generate a new revenue stream for both partners
Offer modern, engaging amenities (e.g., ball tracking tech, instruction, events)
Attract a broader demographic of golfers, including beginners and youth

Investment and Responsibilities
Cover the Tees Will Provide Capital Estimated at $437,350.00 for 15 Bay Aluminum Hitting Bay Structure Including:

Site work, concrete, electrical and data
Fans for keeping cool
Down range lighting
Furniture and TVs in each hitting bay
Walls, windows and doors where needed as well as roll up garage doors in areas
Interior lighting
Bay hitting dividers
ITarget light up target system (4 targets)
Installation or upgrade of ball dispensing systems

Technology upgrades
Eagle’s Landing Golf Club Will Provide:

Access to land/facility for range operations
Utility access
Support with on-site promotion
Staffing and Management
Adequate insurance coverage
Increase in bucket prices
Longer hours of operation

Partnership Model
We propose a revenue-sharing model with the following structure:

Revenue Split:

Eagle’s Landing Golf Club: Receives the previous year's Annual Revenue (estimate estimated at
$200,000.00 for this proposal) plus the Toptracer Range cost (Toptracer to provide pricing for the 15- bay agreement).
Cover the Tees: Keeps the next $ 43,735.00 of Annual Revenue (10% of Build Price)
Eagle’s Landing Golf Club and Cover the Tees: will split the remaining annual revenue 50% to each

*At the end of 5 years of revenue, the Eagle’s Landing Golf Club will have the option to purchase for the build price.

Revenue Sources Include:

Bucket sales (range balls)
Memberships and prepaid packages
Events and corporate outings

Financial Forecast (5-Year Projection)

Year	Projected	Course Share	CTT Share	
1	$ 500,000.00	$ 348,382.50	$ 151,617.50	
2	$ 600,000.00	$ 398,382.50	$ 201,617.50	
3	$ 700,000.00	$ 448,382.50	$ 251,617.50	
4	$ 800,000.00	$ 498,382.50	$ 301,617.50	
5	$ 900,000.00	$ 548,382.50	$ 351,617.50	

Note: Estimates based on bucket sales and on local market conditions.

Benefits to Eagle’s Landing Golf Club
No upfront capital investment required
Consistent, passive revenue stream
Enhanced customer experience
Increased visits and longer customer stays
Increased Food and Beverage Revenue

Next Steps
We propose a short meeting to discuss details and tailor the agreement to your goals. We look forward to collaborating for mutual success.

Contact Information: Matthew Towell President / Owner
407-221-0513
mtowell@coverthetees.com coverthetees.com

By signing and accepting the proposal, both parties agree in principle to the above terms. Both parties realize that these build-outprices are estimates and the final price could be slightly lower or higher depending on the actual cost. A formal Partnership Agreement will be drafted by Cover the Tees for Eagle’s Landing Golf Club to review and sign.

Cover the Tees Representative

Eagle’s Landing Golf Club Representative

*Build Out Work Sheet below on next page

Eagles Landing Golf Club
Jacksonville, FL

15 bay structure

	Price	Quantity	Total Cost		
Heating/Cooling					
Cost of units	$1,635.00	0	$-		
Shipping
Installation and piping plus service	$2,500.00	0	$-
$75,000.00		
Fans	$250.00	15	$3,750.00		
Fan Installation and Hook up	$150.00	15	$2,250.00	

$81,000.00	
Power and Data					
Electrical Installation			$45,000.00		
Data Cabling Installation & Testing			$8,000.00	

$53,000.00	
Concrete Slab					
Excavation and Prep	$2.00	3750	$7,500.00		
Concrete	$10.00	3750	$37,500.00	

$45,000.00	
Range Lighting					
Fixtures	$1,950.00	5	$9,750.00	

$9,750.00	
FF&E					
Furniture	$1,000.00	15	$15,000.00		

TVs	$300.00	15	$4,500.00			
				$19,500.00		
Cover the Tees Building						
Structure	$44.18	3750	$165,675.00			
Simulator bays	$52.00	0	$-			
Hitting Mats	$650.00	15	$9,750.00			
Interior lights	$195.00	45	$8,775.00			
Bay dividers	$375.00	16	$6,000.00			
Garage doors	$7,200.00	0	$-			
Large Garage Doors	$12,000.00	0	$-			
Walls w Windows-Doors	$4,760.00	0	$-			
Sim Bay Walls	$7,400.00	0	$-			
Sim Bay Partition	$4,400.00	0	$-			
Sim bay Back walls	$4,140.00	0	$-			
End Walls	$8,900.00	0	$-			
				 $190,200.00		
Landing Area						

iTarget targets	

$7,500.00	

2	

$15,000.00			
	$11,950.00	2	$23,900.00			
				 $38,900.00		
Netting						
Netting Estimate			$-	 $-		
						
Putting Course						
18 hole course			$-	 $-		

Artificial Turf		
Base	$2.00	0	$-		
Turf & install	$3.75	0	$-	 $-	
Short Game Area					

Chipping Area with Greens and trap				

$-	

Totals	$437,350.00