North Cove Leisure Club
Regulation Crowdfunding

Raising up to $1,600,000

for an Ownership Stake 


Coming Soon!
Start date: November 10, 2021
End date: December 31, 2021

Welcome! We are collecting indications of interest for our planned capital raise through Regulation Crowdfunding. Please reference important guidance regarding Rule 206 under the Disclosures section below.

Why fund our local story
  • Entertainment backed by real estate and land conservation
  • Capitalizing on high traffic tourist corridor 
  • Unique outdoor-focused business secured by multiple revenue streams
  • Opportunity to become founding investors in a path towards the largest community-owned outdoor music venue
Overview

The Vision

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Launching an outdoor recreation and event center in rural Appalachia


The North Cove Leisure Club is the ultimate outdoors lover’s playground. Boasting wide open hiking and biking trails, elegant event spaces, and a state-of-the-art disc golf course, North Cove is a destination location for tourists and locals alike. Spanning 157 acres of gorgeous Appalachian land in rural McDowell County, NC, the space is dedicated to celebrating nature, outdoor leisure & recreation. Nestled up against Pisgah National Forest and the Blue Ridge Parkway, North Cove Leisure Club aims to be the hub of a major tourist corridor.


The Site

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Solid bones, endless potential 


The property sits in a prime location, accessible from major highways and surrounded by a growing local population. It is the perfect combination of untouched natural beauty and carefully crafted features that welcome guests into the heart of the Smoky Mountains.




A large portion of the property is currently occupied by a golf course. While this provides a helpful foundation to build on, North Cove’s new design and open access will foster inclusivity and accessibility for the local and regional populations. The new operation will also allow the land and waterways to breathe again and mitigate further contamination from the previous overuse of fertilizers.


The Opportunity

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Tapping one of America’s hottest sports + one of the largest sectors of the economy 


North Cove is creating a space that serves both the highly specialized disc golf community and the broader outdoor market. 


The great outdoor industry


The outdoor industry is one of the largest sectors of the American economy and continues to grow at a steady rate. According to the Outdoor Economy Annual Industry Report, the outdoor recreation economy generated some whopping big numbers.




The explosion of disc golf


Disc golf is the 2nd fastest growing sport in the United States and the pandemic only increased its meteoric growth. Furthermore, our facility is located only 2 hours from Charlotte, NC which is widely considered the “mecca” of disc golf. 




North Cove Social Club has partnered with Innova, the worldwide leader in disc golf, to create the “Augusta'' of disc golf. This partnership has already put our facility on the map as North Cove Leisure Club is now the host of the College Disc Golf National Championships.


North Cove will continue to expand our disc golf offerings as we strive to become the best disc golf facility in America.  Our long-term strategy is to become a part of the Disc Golf Pro Tour and host the PDGA World Championships.




The Plan

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Capitalizing on the existing infrastructure while adding new elements to draw a diverse crowd  


North Cove will transform the existing golf course into a state-of-the-art disc golf course. We’ll be utilizing the streams, pathways, and untouched landscape to build trails and walkways.




The addition of these trails will open access to more guests, and expose more visitors to additional revenue opportunities such as event space rentals and disc golf green fees. 


Some existing buildings will remain as welcome and utility spaces while others will be repurposed into event spaces and a restaurant, all with the stunning backdrop of the Smoky Mountains. 




Drawing from the regional population and the wave of demand for outdoor tourism, there's something for everyone at North Cove. Visitors will have the opportunity to play a round of world-class disc golf, relax along the riverbank, walk or bike along the serene wooded pathways, enjoy a delicious meal and/or drink a local craft beer, or catch one of their favorite artists in our scenic outdoor amphitheater.



(Example rendering, final designs TBD)


These amenities paired with the existing natural beauty will captivate a range of guests, from young families to outdoor enthusiasts to the craft beer crowd.


Timeline


With $1.5 Million already invested and several major milestones accomplished, we're well on our way to completing Phase 1 of our plan.



This raise will help us polish off Phase 1 then truly begin building with Phase 2. In this phase, we'll be adding visitor attractions while establishing North Cove as one of the country's premier destinations for disc golf. 




Business Model


North Cove will generate revenue from a highly diversified set of income sources. Our plan is to invest in and lean on three key pillars for the bulk of the revenue production with the supporting revenue streams bolstering both the balance sheet and our customers' experience.*


Primary

▶︎ Restaurant
▶︎ Venue Rental (mostly weddings)

▶︎ Green Fees


Secondary

▶︎ Club Memberships
▶︎ Pro-shop
▶︎ Pickleball
▶︎ Glamping


*Finalized revenue breakdown details will be included in the live offering

 

Target Market

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Two target profiles, millions of yearly visitors   


North Cove is targeting two customer profiles identified by the Outdoor Industry Association (OIA), The Urban Athlete and the Athleisurist. The OIA defines their customer types via a set of reports, aggregating heaps of industry data from around the country. The Urban Athlete places running, bicycling and fishing in their top 5 activities. North Cove provides all of these with an existing paved path infrastructure and the Catawba River running directly through the premises. 

 

The temperate weather and abundant acreage also supply the perfect environment for our second target OIA profile, the Athleisurist. With no aspiration to participate in intense or extreme activities, The Athleisurist enjoys life’s quieter moments in the outdoors, whether alone or with close friends. The spacious campus of North Cove provides plenty of opportunities for anyone to connect with nature and its therapeutic effects.



Our People
Kyle Sims,
Co-Founder
North Carolina Native with a passion for Western NC. Focused on providing opportunities to our local communities for healthier and more acti..
Luke Peniston,
Co-Founder
Luke is passionate about helping others experience the great outdoors and enjoy the mountains he loves. Luke has been a small business owner..
Michael Piroli,
Partner
Michael is a seasoned businessman and entrepreneur. Very experienced in tourism and hospitality, Michael is Co-Owner of both The Malvern &am..
Docs
Risks

Investing carries general risks, such as losing all the money you invest. Some key risks will be listed below. Additional general and project-specific risks may be detailed here if the Regulation Crowdfunding securities offering goes live.


You can learn more about the risks of investing through Vicinity here

Disclosures

This is not currently a live securities offering.

        • No money or other consideration is being solicited, and if sent in response, will not be accepted.
        • No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is filed and only through an intermediary's platform.
        • A person's indication of interest involves no obligation or commitment of any kind.

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