ClubMulwala’s “amazing” $1.7m profit
ClubMulwala’s profit of $1,692,179 for 2017-18 is a record, delighting club officials.
“It’s a fantastic effort, an increase of nearly $450,000 on last year’s result,” ClubMulwala President Des O’Meara ESM OAM told the Yarrawonga Chronicle.
The club’s membership of 18,959 members reached during the last financial year is also a record.
The record figures have been described as “amazing” by Chief Executive Officer of ClubMulwala Alan Rowe.
“The 2017-18 year has been one of continued reinvesting back in our facility as seen by the installation of our solar covered car park, our motel room upgrades, our foreshore development and having the new balcony roof installed,” the CEO, in his fourth year, said.
“Back in 2014-15 ClubMulwala lost $164,797. The turnaround of ClubMulwala has given us an extremely strong business model to use as a base for future investment back in our club.”
The two leaders praised board directors and club staff for their commitment and efficiency, and said the club’s huge success has been on the basis of offering club members great value for money in a safe environment, targeting all ages, particularly older members and visitors.
“We offer great value meals and drinks, and a lot of free entertainment,” Mr O’Meara said.
“It’s entertainment geared to all baby boomers in particular but we certainly consider what’s good for all ages of people.”
ClubMulwala’s solar carpark is due for completion by November 5. The club has started its approximate $180,000 boardwalk project on the foreshore area south of the resort.
“With Lake Mulwala being emptied and no assurance it was to be emptied again in the new future, the board of directors decided to start this project,” Mr O’Meara explained.