XIX
EST. 2026

THE 19TH HOLE

A Private Entrepreneur Club  ·  Ogden, Utah

12 Seats.  One Legacy.

Josh Zieglowsky

Josh, Taryn, Gunnar (19), Garin (16), Grace (13) & Hope (10)

MORGAN COUNTY, UTAH

Founding Partner

The Connector

Josh Zieglowsky

$1.7B+
in Sales through ERC Specialists
20+ YearsSerial entrepreneur — mortgages, real estate & business
ERC SpecialistsCo-founded leading national Employee Retention Credit advisory firm
Entrepreneurs RTFounder of exclusive paid mastermind for Utah's top CEOs
Co-Owned CompaniesCommercial Academy · Stormchecks · Weltrio · Chandler Group CRE · TaxIQ
Commercial REActive investor across multiple asset classes in Utah
Flat Bill InvestorHost & co-creator of the Flat Bill Investor Podcast
Founding Partner

The Operator

Zach Spencer

S2 Pickleball
Co-founder & operator of a thriving community club — proof this model works
Husband & FatherMarried to Amber · Harper (14), Sadie (11), Grayson (9)
Real EstateBuilt & sold 2 residential brokerages. Actively investing in CRE since 2007
HomebuilderBuilt and flipped single & multi-family properties across Idaho & Utah
Community BuilderS2 Pickleball — a vibrant hub for connection, not just sport
Flat Bill InvestorCo-host with Josh — sharing the entrepreneurial journey publicly
Work·Play·Give·ConnectThe four daily principles that drive his life and business
Zach Spencer

Zach, Amber, Harper (14), Sadie (11) & Grayson (9)

BOISE, ID · NORTHERN UTAH

The Problem

Utah's Entrepreneurs Are Thriving.
There's Nowhere to Actually Be One.

🏠
No Dedicated Home

Weber, Davis, Morgan, Box Elder & Cache counties hold 750,000+ residents — and zero invitation-only entrepreneur clubs.

💼
Co-Working Isn't Enough

Generic shared spaces lack the culture, caliber, and lifestyle that serious founders actually want. You don't close deals at WeWork.

🌐
Networks Don't Have Roots

YPO, EO, and BNI are in SLC — distant, expensive, waitlisted, and without a physical home you can walk into every day.

Utah is the #1 economic outlook state for 18 consecutive years. The entrepreneurs are here. The club isn't.
The Solution

The Only Private Club Built for Northern Utah's Entrepreneur Class.

◆Invitation-only — curated, not open to everyone
◆Purpose-built for deal flow, peer learning, and lifestyle
◆Not a co-working space. Not a gym. Not a country club.
◆A true home base for builders — something Northern Utah has never had
Location
2898 Washington Blvd, Ogden, UT  ·  Q4 2026 Opening
Amenities
🖥️Co-Working
🏓Pickleball
⛳Golf Sim
✂️Barber
🎙️Podcast Studio
🚗Car Showroom
📸Content Studio
🏛️Conference
Market Opportunity
750K+

residents across 5 Northern Utah counties
with zero premium entrepreneur clubs

WEBERDAVISMORGANBOX ELDERCACHE
#1
US Economic Outlook
18 consecutive years · ALEC Report
#3
Best State to Start a Business
WalletHub 2025
4.5%
GDP Growth — Led the Nation
2024 · GDP surpassed $300B
$59B
Global Private Club Market
Projected by 2033 at 7.2% CAGR
87
Utah Companies on Inc. 5000
The builders are here. The club isn't.
The Location

2898 Washington Blvd  ·  Ogden, UT 84401

The 19th Hole — Exterior Rendering
Address

2898 Washington Blvd
Ogden, UT 84401

Coverage

25–35 min from all 5 target counties

Status

Design underway · Q2 2026 construction

Position

First premium entrepreneur club in Northern Utah

Member Experience

A Tuesday at The 19th Hole.

7:30 AM
Pickleball before the city wakes up — warm up with a member who's closing a deal you'll hear about at lunch.
9:00 AM
Coffee with a peer who's already built what you're building. Real answers. No consultants. No agendas.
11:00 AM
Podcast studio booked — broadcast-quality recording in 30 minutes. No Zoom. No excuses.
12:30 PM
Private conference room lunch. No noisy restaurants. The right people across the table from you.
3:00 PM
Barber chair. Back to work in 30 minutes, sharper than when you sat down.
6:00 PM
Golf simulator with a potential partner. The deal closes somewhere around hole 7.
"This isn't a perk. It's a competitive advantage."
Proof of Concept

This Model Works. Here's the Evidence.

A comparable Utah private members club opened August 2024. Here's what happened:

90 Days
to break even
36 members · $350K annual run rate
$870K
projected annual revenue
at 77 member target
10x
EBITDA valuation multiple
industry standard for private clubs
$4M+
business valuation at stabilization
same target model as The 19th Hole

The 19th Hole targets the same model — with a larger addressable market, a real estate asset underneath the investment, and operators who have built communities before. Zach Spencer already runs a live membership club. This isn't theory.

Revenue Streams

Eight Revenue Engines.
Membership is Just the Start.

👥
Membership Dues
Recurring monthly base
🎙️
Podcast Studio
Hourly & package rental
🏛️
Private Events
Venue + F&B revenue
⛳
Golf Sim & Pickleball
Hourly fees
📸
Content Studio
Photo/video production
🚗
Car Showroom Tenant
Lease income
📋
Billboard Advertising
Exterior signage
🤝
Sponsorships
Brand partnerships
Membership

One Tier. Full Access. Built for Builders.

Founding Member Pricing
$500
per month
$6,000 per year
Founding pricing locked for Founding Circle partners — rate increases at public opening.
1 of 12 Founding Circle seats filled
What's Included
◆Full facility access — all amenities, all hours
◆Golf simulator & pickleball courts
◆Podcast studio & content studio access
◆Co-working spaces & private conference rooms
◆Barber & grooming services
◆Full calendar of curated member events
◆Priority booking on private event days
◆Founding Circle recognition — permanent
◆General Partner status — you are an owner
Financial Projections

The Math is Conservative. The Upside Isn't.

YEAR 1
$150K
25 members · $500/mo
+ $25K ancillary revenue
~$175K total
YEAR 2
$300K
50 members · $500/mo
+ $75K ancillary revenue
~$375K total
STABILIZED
$500K+
80–100 members · $500/mo
+ $200K+ ancillary revenue
$700K – $1M+
Projections based on $500/mo membership dues only. Ancillary revenue from events, rentals, billboard, and sponsorships is incremental upside. Real estate appreciation flows to all partners.
The Deal

The Founding Circle Investment

$3.9M
Total Capital Raise
12
Founding Circle Partners
$325,000
Per Founding Circle Seat
✓ COMMITTED
Josh & Zach — Seat #1, $325K invested
10 OPEN
Remaining seats available
GP
Every investor is a General Partner
No passive LPs. Every investor is an active Founding Circle General Partner. Entity structured as an LLC.
Use of Funds

How We'll Deploy $3.9M

62%
20%
12%
6%
$2.4M
Buildout & Construction
62% of total raise
$790K
Real Estate Acquisition
20% of total raise
$460K
Equipment & Furnishings
12% of total raise
$250K
Operating & Marketing
6% of total raise
Tax Advantage

Year 1 Cost Segregation — A Day-One Benefit.

Accelerated Cost Segregation
$975,000
estimated Year 1 depreciation deductions
VS
Standard 39-Year Schedule
$100,000
standard Year 1 depreciation deductions
💡 For a Founding Circle partner in the 37% bracket: $975K in deductions generates approximately $360,000 in Year 1 tax savings — more than the entire $325K investment recovered through tax benefits alone, before the club opens its doors.
Why Now · Why Us

Why The 19th Hole.

First
First-Mover · Northern Utah
No competitor has built this. We own the category before anyone else can stake a claim.
Backed
Real Estate Underpins the Asset
A hard asset sits beneath this investment. Not a subscription — true ownership with appreciated value.
Scarce
Scarcity is Structural
12 seats. Forever. The Founding Circle closes and never reopens at this price or structure.
Rooted
Culture Anchor for Builders
In 10 years, people will say they were in the room when the Northern Utah entrepreneur movement started.
Timeline

Design → Build → Open.

Q1 2026
▶ NOW
Design & Capital Raise
Architecture & interior design underway. Founding Circle raise in progress.
Q2 2026
Construction Begins
Contractor secured. Permits pulled. Ground broken on the space.
Q3–Q4 2026
Buildout & Grand Opening
Founders-only preview events. Soft launch for members. Doors open Q4 2026.
🏆   GRAND OPENING: Q4 2026  ·  FOUNDERS-ONLY PREVIEW  ·  DOORS OPEN TO MEMBERS
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10 SEATS REMAIN  ·  $325,000 PER SEAT  ·  THIS CIRCLE CLOSES PERMANENTLY ONCE FILLED

12 Seats.  One Legacy.

Built for belonging, not just access.

Josh Zieglowsky
(801) 668-2000
Zach Spencer
(435) 512-9330
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