More than half of private clubs in Florida have positive working capital and nearly a quarter are planning capital improvements for the near future, according to an audit of 200 private clubs in the state by McGladrey and Pullen. It is difficult to use this data to make inferences about other states, but a partner with McGladrey says improvement is likely due to clubs "paying a lot more attention to the metrics, similar to what management companies have been doing for years."

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