How much money can you make owning a mini golf course?
Jun 05, 2018 · Our useful mini golf revenue calculator can help you understand how changing variables can impact your revenue when running a mini golf course. Skip to content (609) 522.4200 [email protected]
What happens during a typical day at a miniature golf course?
Jan 27, 2021 · How does a miniature golf course make money? A mini-golf business simply charges customers a set fee in order for the customers to play on the course. ... the relatively low ongoing expenses means that a steady stream of customers can easily make you over $100,000 a year, and some mini golf course owners report being able to pay off their ...
What is the target market for mini golf courses?
Potential Revenue for a Miniature Golf Course Please find below estimates for potential revenue on an 18-hole miniature golf course . The example below is based on charging $6 per game. % of Full Day Prime 3 Prime 50% of 5 Off Total Capacity Month Months Prime Month Months 8 Months 15% $778 $19,450 $58,350 $9,725 $48,625 $106,975
How to estimate the revenue of a mini golf business?
Business Profile: Miniature Golf Course. Start-Up Cost: $50,000–$250,000. Potential Earnings: $70,000–$170,000. Typical Fees: $7–$12 per 18-hole round. Advertising: Signage, flyers for bulletin boards and hotels, telemarketing to youth groups, website, search engine advertising. Qualifications: None.
Is it profitable to run a golf course?
Can you make money playing mini golf?
Can you make a living on mini tours?
How much land do you need for a mini golf course?
What are the costs involved in opening a miniature golf course?
The costs of opening a mini-golf business vary, but typically run up $500,000. One professional group estimates that it will cost between $15,000 t...
What are the ongoing expenses for a miniature golf course?
The good news is that after the initial expenses to open a course, the ongoing expenses are relatively minor. Some of the costs will vary by busine...
Who is the target market?
In general, your best clients will be families. This is because the parents will help to control the behavior of children (which will not be true o...
How much can you charge customers?
The exact cost may vary by region, but it is typical to charge customers about $5 to $7 to play 18 holes. This pricing makes your business a very c...
How much profit can a miniature golf course make?
The exact amount of profit your business makes greatly depends on the region as well as what the local entertainment competition is. However, the r...
How can you make your business more profitable?
In order to maximize profitability, be sure to have an advertising presence in logical areas for potential customers, including schools, churches,...
Is this Business Right For You?
This job is definitely for someone who is enthusiastic about mini-golf. This helps you to not only enjoy your job but to facilitate minor repairs a...
What happens during a typical day at a miniature golf course?
The daily activities for a mini-golf business are pretty simple. You will be talking to customers, taking their payment, providing them with equipm...
What are some skills and experiences that will help you build a successful miniature golf course?
Prior experience working at a mini-golf business or other type of recreational center can be helpful to in starting this business. Similarly, being...
What is the growth potential for a miniature golf course?
The exact growth potential of a mini-golf business varies by area. Nationally, businesses that focus purely on mini-golf have experienced a decline...
How much land does it take to build a mini golf course?
Luckily, it only takes about three-fourths of an acre to hold a full sized 18-hole mini-golf course. The higher price for land in denser urban areas is made up for by the fact that such locations typically have more potential customers.
Why is mini golf so lucrative?
Mini-golf is a lucrative business because it has great potential for growth and staying power. Those who are thinking of starting a mini-golf business are bound to have questions such as: what is the cost of building a mini-golf course? How do you go about building a mini-golf course and starting your own mini-golf business? Luckily, we are here to help you answer those difficult questions. This guide will give you all the basic info you need to start building your own mini-golf business.
How many holes are there in a golf course?
If you want to make a larger golf course, then you will have to shell out more money. Most common courses are 18-holes but many places offer more than one 18-hole course or a single large 36-hole course.
How many people play mini golf?
It is estimated that every year over 130 million people play mini-golf, generating a total annual revenue of over $1 billion for course owners. Mini-golf is a lucrative business because it has great potential for growth ...
How much does an 18 hole game cost?
The average 18-hole game costs about 5$ so it’s one of the cheapest forms of entertainment. You also are going to have to shell out not only for the course itself, but things like food stands, arcade games, and any other forms of entertainment you want to have.
What are some examples of features and costs to take into account when building a course?
Some examples of features and costs to take into account when building a course include: Water systems like streams, ponds, pumps, and drainage ditches. Water hazards are a popular addition to mini-golf courses. Elevation changes. A flat course is a boring course, some dips and dives add to the experience.
What is the purpose of lighting a golf course?
Lighting. Lighting sets the mood of the course. On simple option is to just use floodlights on poles but many would prefer a more organic lighting setup that highlights key features and structures of your course.
What is a business structure for miniature golf?
The most common business structure types are the sole proprietorship, partnership, limited liability company (LLC), and corporation. Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your miniature golf course is sued.
How to maximize profitability of mini golf?
In order to maximize profitability, be sure to have an advertising presence in logical areas for potential customers, including schools, churches, and local entertainment centers . Try to stay open as many days as possible—major holidays often prove to be big business for mini-golf courses, as people have time off from work and school and are happy to come out and play. Finally, be sure to have a social media presence that heavily features pictures of actual customers and their testimonials, as this will establish the legitimacy of your business within the community.
How much does it cost to play 18 holes?
The exact cost may vary by region, but it is typical to charge customers about $5 to $7 to play 18 holes. This pricing makes your business a very competitive alternative to the increasingly pricey activities going out to movies, restaurants, etc.
Is mini golf a business?
The exact growth potential of a mini-golf business varies by area. Nationally, businesses that focus purely on mini-golf have experienced a decline in recent years; however, businesses that have diversified their offerings by including features such as a video arcade typically do quite well, and the affordability of this as an entertainment option remains highly attractive to local residents in many cities.
Can you lease a mini golf course?
Before leasing, confirm that your landlord has or can obtain a valid CO that is applicable to a mini golf course.
How to make a mini golf course profitable?
There are steps you can take to make sure your business will be profitable. 1. Get the design right. Getting a professionally designed mini golf course that looks amazing and plays superbly is a huge part of making sure your business is a success. ...
Why are mini golf courses so popular?
In general terms, mini golf courses have a broad appeal and can be enjoyed by people of all ages and abilities. Whereas other attractions—such as go cart racing, arcades, water slides, paintball games, ...
Can mini golf courses be successful?
In other words, if your mini golf course is memorable (for all the right reasons) it is more likely to be successful. Mini Golf Creations can design a professional mini golf course to suit your needs. Contact us to discuss your course. 2. Get a quality course built by professionals.
Is it a good idea to start a mini golf business?
It’s never a good idea to go into a new business blindly. A big part of creating a profitable mini golf business is to research the industry, market and local area. For example, you don’t want to open a mini golf course right down the road from a competing business.
Is mini golf a good investment?
However, a mini golf course can be a very safe and lucrative business investment. Below we’ll explore why miniature golf courses are profitable and how you can make sure yours is a profitable exercise.
How much land do you need to build a mini golf course?
The good news is that you can build your mini golf on something as little as three-quarters of an acre. However, you can easily turn a profit if you know what you are doing and if you add other features intended to attract your customers.
How long have mini golf courses been around?
Mini golf courses have been in existence for about a hundred years and it is an American form of entertainment that has remained viable ever since. Mini golf courses are regarded as one of the few American cultural icons left and can be found in cities, suburbs, and even rural towns across the country.
What are the challenges of starting a mini golf business?
Therefore some of the challenges and threats that you are likely to face when starting your mini golf business include; having to deal with competition from other existing mini golf businesses, having to deal with alternative entertainment options, economic downturn and having to deal with regulations from the industry.
Why are mini golf courses struggling?
The paintball and roller skating games have experienced a downturn especially between the periods of 2008 and 2013, which is why new mini golf courses are struggling to stay alive by designing a course that is technologically inclined in order to still be able to attract and retain their customers.
Why is location important in mini golf?
In running a mini golf business, location is very important as it can help keep you in competition. This means that customers do not want to drive or travel too far before they are able to enjoy the social activity that a mini golf provides especially with the many alternative entertainment options available.
When did mini golf start?
The mini golf course business began to take shape in the 1950s and boomed until the 90s when its popularity began to slow down due to technology being built for home use as most customers especially kids now prefer to engage in interactive pastimes.
Who are the demographics of mini golf courses?
Others include small groups, individuals, business executives, wealthy personalities and celebrities. Therefore, if you are looking to define the demographics of your mini golf course business, you might need to make it all encompassing as there are different groups of people that can visit a mini golf course at any time.
What generation is golf?
According to a 2013 National Golf Foundation Survey, the demographics of golf break down as follows: 11% of golfers are members of the Silent Generation (born before 1946), 27% of golfers are Boomers (born 1946-1964), 27% of golfers are members of Generation X (born 1965-1979), 29% of golfers are members of Generation Y (1980-1999) and 6% of golfers are members of Generation Z (born after 1999).
Why do golf clubs offer special packages?
Many golf clubs offer special packages for midweek, weekend, or senior golfers to boost their membership numbers. The purpose of these packages is to draw golfers to your course during slow times.
What did Mark Twain say about golf?
As Mark Twain said when reading his obituary, “rumors of my death have been greatly exaggerated.” So too with the death of golf. Golf is one of the few sports that people can pick up in childhood and play well past the time their bodies have failed them in the sports of their youth. I can’t tell you how many golfers with repaired rotator cuffs, replaced knees and artificial hips I play golf with.
What does it mean to look at a well-manicured golf course?
Looking at a well-manicured golf course creates a peaceful feeling until you play some challenging golf. Being an owner of a golf course can fill you with loads of pride but can lead to financial difficulties.
Why are golf courses abandoned?
Many a golf course has been abandoned during economic downturns due to the high cost of keeping it alive and prospering.
What would happen if you had honest hard working people in charge and the right golf course for the population base?
If you have honest hard working people in charge and the right golf course for the population base you could do very well and have fun doing it.
Can golf courses survive without competitive advantage?
The honest truth is that many golf courses won’t survive indefinitely without competitive advantages. A bad season can ruin your financials, and put your business at risk. Many courses are turning to golf management companies to handle their operations. Billy Casper is an example of that type of company.
Why are golf courses selling based on multiples of revenue?
In the last years, many golf courses are selling based on multiples of revenue (<1) because there aren’t any profits to calculate any type of return on investment. A 10% return might seem reasonable for buying a golf course, but the reality is that the return of many of these courses at the time of sale might be -10%.
How many holes can a golf course be converted to?
Or a normal course could be converted into a par 3 executive course.
What would happen if golf courses went up for sale?
If any of these courses went up for sale, major golf management companies (Troon, Trump, ClubCorp) and investments funds would be lined up to get a piece of these very profitable enterprises. However, most golf courses that go up for sale aren’t in great locations and may not even be profitable at all.
What are some ways to make money from mineral rights?
Other income sources might include selling mineral rights, selling billboard or cell phone tower easements, or leasing the land for hunting or fishing purposes.
Do golf courses sell?
Golf course properties sell at less of a premium when fewer and fewer buyers play golf on a regular basis. Many golf courses have been shuttered with some being converted to other uses and some just being fenced off or just sitting as vacant land.
Is golf in decline?
Many Golf Courses are Struggling. The golf industry has been in decline for over 10 years (pre-Covid). The number of rounds being played is going down, the number of courses open in the U.S. has decreased, and the average age of golfers has gone up.
Do you have to sell a golf course to developers?
In some areas, you have to offer to sell it to the neighborhood association first, before you sell it to developers. Adding greenbelt, open space or a walking path for those homeowners, in place of the golf course, is one thing that can be done to help mitigate their anger.