Gaythorne RSL
Case Study
David TurnerGeneral Manager
Offering a myriad of club services, Gaythorne RSL features dining and bar facilities, live entertainment, club activities, functions, gaming room (including 130 poker machines) and bottle shop.
In late 2008, HCS was approached by the Gaythorne RSL Board and asked to submit a plan for saving the financially Club. At that stage, the Club was in a similar situation to that of Goodna Services Club in 2002.
On 1 February 2009, HCS entered into a management agreement.
HCS loaned the Club $2 million in addition to renovating the premises and purchasing new gaming machines.
In its third month, the Club reversed the trend of loss to become profitable. The financials quickly showed and excellent profit after paying management fees, rent and interest on the loan.
In January 2009, the Club had approximately 12,000 members. Within two years the Club had 50,000 members, increasing by approximately 1,000 members per month.
The loan from HCS was repaid in full in 2012 and the Club continues to perform strongly.
Over recent years this has included acquiring additional properties and undergoing further self-funded redevelopments and community welfare and services projects in the pipeline.
The Board is now also looking towards the future with an intensive Master Planning process underway.
Community Involvement
Gaythorne RSL is proud to offer assistance to all serving and ex-serving members of the Australian Defence Force and their families. The Club’s Welfare Section Volunteers regularly make home, hospital and nursing home visits to veterans and war widows, ensuring they are well cared for.
To learn more about HCS and the management support we provide to improve club profitability, please get in touch with our team.