The company listed estimated liabilities and assets of $100 million to $500 million in its bankruptcy filing. Compounding the challenges this year was the poor weather that impacted golf play. In their news release, Watson said the decline in the golf industry the past five years has resulted in extremely sluggish consumer demand. John Watson, president and CEO of the company, declined to speak directly to the media Monday. Bankruptcy Court shortly and hope to have a court-approved sale closed before the end of the year. Edwin Watts Golf signed up to podcast with the understanding they would not sell anything.
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Some stores are expected to close after the sale of the company, but the final store counts have not been determined.Ĭompany officials expect to file sale agreement documents with the U.S. Edwin Watts Golf is a good example of how to use podcasting. “We hand-picked (Wellspring) and we ran it with our group and people, and here again we were very successful along with them,” Watts added.Įdwin Watts Golf was purchased by Sun Capital out of Boca Raton in May 2007.Įdwin Watts Golf Shops offers an assortment of brand name golf equipment, apparel and accessories at more than 90 retail locations in 15 states, its Internet site, direct mail and through its online catalog. “We had great people, they were well taken care of, our customers were well taken care of. The Edwin Watts Golf Shops has been serving Golfers throughout the country since 1968. “We were an extremely profitable company every single year we were in business,” Watts said. They sold the company to Wellspring Capital Management LLC in December 2003 but stayed on to manage for Wellspring.
“I think the company is going to survive and we hope to potentially figure out a way to get it back,” Watts said.Įdwin Watts Golf was started in a small 600-square-foot building at the Fort Walton Beach Golf Course in 1968 by Edwin and Ronnie Watts and Kenny Cook. They let you shop but are always available for. “We don’t know how the process works, but we do have an interest in possibly pursuing the company. Edwin watts is staffed by several older golfers who really love what they do and taking care of the public. This was a little bit of a shock,” Watts said. Along with an investor group, Watts is considering repurchasing the company.
The retailer, owned by private equity firm Sun Capital Partners, began advanced negotiations with parties interested in purchasing the business prior to the bankruptcy filing, according to a news release issued by Edwin Watts Golf.Įdwin Watts, who lives in Shalimar, said he was shocked and frustrated with what has happened to his former company. Information and reviews on Florida golf courses, Florida golf resorts, Florida practice facilities and Florida golf stores.FORT WALTON BEACH - The owners of Edwin Watts Golf Shops filed for Chapter 11 bankruptcy protection on Monday morning and announced plans to sell the company by the end of the year. | Hilton Head Golf| Island Golf | Kentucky Golf | Las Vegas Golf | Michigan Golf | Myrtle Beach Golf | Ohio Golf | Ontario Golf | Texas Golf | Utah Golf |įlorida Golf - Copywrite©1999-2023. Two Guys Who Golf (1370041 Ontario Ltd.). All Rights Reserved. | Home | Arizona Golf | Atlantic City Golf | California Golf | Chicago Golf | Colorado Golf | Florida Golf | Indiana Golf |
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Respected golf equipment facilities in the state.Ĭlick here to visit the Edwin Watts Golf website which provides links to information for each of its 19 stores in Florida including directions, operating hours and monthly and in-store specials.Įach store is impecabbly outfitted with the finest inĪt incredibly competitive prices and monthly sales are posted on the website. Kohls, Academy Sports, Under Armour, adidas, Foot Locker, Macys, Fanatics, Target, Sportsman Warehouse, Bass Pro Shops, Edwin Watts, Finish Line. As well as providing an extensive on-line store for its customers, Edwin Watts Golf currently has 19 stores in Florida and is the most well-known and
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