how much money does a miniature golf course make a year

Full Answer

How much money can you make owning a mini golf course?

However, 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 initial investment within the first few years of opening this business. How can you make your business more profitable?

What happens during a typical day at a miniature golf course?

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 equipment, and explaining any particular regulations for your course.

Are MiniMini golf profits worth it?

Mini golf profits are widely recognised as being more lucrative than other similar attractions, such as go-cart racing, paintball games, and rock climbing. Why?

How much does a golf course manager make?

Not a lot - between $23k and $38k a year typically in most places. But you don’t usually take that job for the money, you take it for the free golf and access to all things at that course. Why is so much business done on the golf course?

Is Putt Putt a good investment?

While it's great to be passionate about a new business idea, businesses can't survive on passion alone. As is well documented, most new businesses fail within the first few years. However, a mini golf course can be a very safe and lucrative business investment.

Can a golf course be profitable?

Profitable golf courses are generally selling for six to eight times EBITDA, while courses that aren't profitable tend to sell at 0.8 to 1.4 times revenue.

What city has the most miniature golf courses?

Myrtle Beach, S.C.Myrtle Beach, S.C., which claims to have more miniature golf courses than any other city, is home to Hawaiian Rumble. The course hosts the annual Masters of Miniature Golf.

How do you become a pro at mini golf?

1:342:54How to Become a Miniature Golf Master - YouTubeYouTubeStart of suggested clipEnd of suggested clipSo find the position that gives you the best angle look for direct routes that skip the waterMoreSo find the position that gives you the best angle look for direct routes that skip the water hazards and moving obstacles and consider bank shots off barriers.

What is the most profitable business?

Here's our list of the most profitable small businesses:Food trucks. ... Car wash services. ... Auto repair. ... Personal trainers. ... Newborn and post-pregnancy services.

How much money does a golf course owner make?

Golf Course Owners make between $30,000 to several hundred thousand dollars per year. However, golf course owners sometimes will lose money if the course has a bad year. Overall, the golf course industry is very volatile, and there is no guarantee that money will be made.

What is the number 1 mini golf course in America?

1. Par-King Skill Golf. Par-King is considered the “World's Most Unusual Golf Course” as well as mini golf's Taj Mahal. There are elaborate obstacles located across the pair of 18-hole courses.

What is the mini golf capital of the world?

Myrtle Beach, S.C.Let's start in Myrtle Beach, S.C. – also known as the "miniature golf capital of the world" – where four mini golf courses will challenge golfers of all skill levels: Two 18-hole mini golf courses follow the coastline of 1920s South America and the Fogclift Islands in search of ancient gold and diamonds alongside ...

How many miniature golf courses are in the United States?

There are only about 5,000 mini-golf courses still in America. But there is a real art to the elaborate design of many of them. Here are six of the most eye-catching around the the country: Par-King Skill Golf: Lincolnshire, Illinois.

Is Mini Golf difficult?

Many people think that Mini-golf is easy, but that perception usually changes when they get confronted with obstacles on the course. You know how they say it's easy until you try it – that's pretty much the best way to describe Mini-golf.

Is Mini Golf hard?

Mini-golf is not a hard sport to learn. Some challenges include learning how to hit the ball, how to maneuver around the obstacles and at what angle to hold the club. Once these basics are figured out, playing is about having fun and improving your skills.

How do you cheat on mini golf king?

Mini Golf King Tips, Cheats & Hints: How to Win DuelsCollect The Gems. As you play Mini Golf King, you will notice colored gems scattered throughout the course. ... Open Those Chests. The gave gives you a maximum of four chest slots. ... Don't Neglect The Old Gear. ... Check The Wind Direction. ... Make Trick Shot In The Bunkers.

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...

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.

What is a CO for mini golf?

Miniature Golf Courses operating out of a physical location typically require a Certificate of Occupancy (CO). A CO confirms that all building codes, zoning laws and government regulations have been met.

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.

Step 1: Write your Business Plan

After coming up with the idea, the next step in starting your mini golf course should be to write a business plan. The business plan will make you focus on some important aspects of the business, such as who your customers are, how you plan to reach them, projecting sales and expenses, your value proposition to use for marketing, and more.

Step 2: Name the Business

Finding the perfect mini golf course name can be challenging. Not only does the name have to reflect what you do and be appealing to customers, but it also has to be available to use. You can check your state’s website to see if the name is available and register your name.

Step 3: Form a Legal Entity

A legal entity refers to how a business is legally organized to operate. There are four primary business entities to choose from, which include a sole proprietorship, partnership, corporation, and Limited Liability Company (LLC). Each type of entity has its own pros and cons, such as liability exposure, costs, and administrative requirements.

Step 4: Select your Location

You need a location that is convenient and has high traffic for visibility. Additionally, locating a course close to other family attractions or fun centers such as batting cage, go kart track, video arcade, etc., can help generate more income.

Step 5: Apply for Business Licenses and Permits

Some cities require the licensing of places of amusement, which a mini golf course falls under.

Step 6: Find Financing

Coming up with a good business idea and having the skills to run it are one thing but getting the funding to start a mini golf course is another. In order to get a loan, the borrower (s) will need to have good credit and be able to invest 15-25% of their money towards the total start-up costs.

Step 7: Open a Business Bank Account

Keeping your business and personal finances in separate business bank and credit card accounts makes it easier to track the income and expenses of the business.

How to raise money for a golf course?

Ways To Raise Money For Your Golf Course. The most common income streams are green fees, membership fees, pro shop sales, and food and beverage sales. While increasing membership fees or green fees might seem like a good way to increase revenue, it might put off more golfers than the additional income earned.

How to boost income from golf club?

To boost income all you have to do is use your imagination and look around at what competitors are doing. Then go do it better or implement something that they do not do.

What are some ways to increase sales in golf?

Providing on-course refreshments at strategically placed holes where golfers can stock up with refreshing cold beverages, or even a hot beverage on a cold day can increase the sales when golfers forget to stock up before the round or a halfway house.

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. One of the most common ways to raise funds is by increasing the number of members. However, this is not always possible during tough times such as the Covid-19 pandemic or the 2008 economic downturn.

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.

How does sponsorship work in golf?

Sponsorship can go a long way for you to promote incentives for membership by pooling regular golfers’ names and have a monthly draw to hand out a prize. This can be conditional on the number of rounds a golfer has played or something similar.

Can you search for tee times on the internet?

Golfers will search the internet for tee times when they want to book at short notice. In earlier days you had to phone the golf courses to determine whether there is a slot available, now it is done from the comfort of your mobile device.

PLAYER PROFILE

A Top 125 guy. A pro whose Tour card is a no-doubter; who nails down a win in the occasional year; and who can be counted on each season to make it to—and sometimes through—the Dell Technologies event in the FedEx Cup playoffs. His approximate 2017-18 season prize-money earnings was $2,000,000. But the dough doesn’t stop rolling there.

CASH IN, CASH OUT

No Tour pro gets it done by himself—to wit, Jordan Spieth’s proverbial “we.” All kinds of “team” members line up to say oui when it’s time for their share of a player’s earnings. Here’s where the cheddar goes.