A similar model is being used at a club in northeast Ohio.
It is $15,000 initiation. Annual dues are paid once a year at $4,500 (includings all set fees). You get billed monthly for food, drinks, carts and guests only. Guest fees are very reasonnable (under $75 with cart). Simple clubhouse with locker room, grille room and pro shop - that is it. No breakfast or dinner is served (except steak/salmon Wednesdays - where you cook for yourself and there is a buffet for fixings, salad and a couple of sides). Lunch is always a buffet and includes great soups, salads and sandwiches. They have 1-2 kitchen people. They staff 1 bartender at a time. They close in November and re-open in April. You can play during this time, but no food is served (bar is open if nice day) and once it is dormant, they don't maintain the course. There are no tee times. They accept no outings. I don't think they even accept raters. They have a Opening Day, a Member-Member, a Club Championship, a Father-Son and a Closing Day - that is it. It pretty much follows the mantra - play golf, have a drink and go home.
They are one of the only clubs in northeast Ohio that is financially in great shape and actually have a waiting list to join.