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How to operate a miniature golf business |
MINIATURE GOLF
There's plenty of room to join the boom in one of America's favorite pastimes.
The Opportunity: The business of golf continues to be strong despite other dips in the economy. Approximately $62 billion worth of goods were sold in the U.S., and 56 million people around the globe play golf. Wouldn't you like to have a piece of that profit pie? During the past two decades, the golf industry has outpaced inflation and does much better than other industries including gambling and amusements (about $55 billion) and even the movie industry ($58 billion).
Experience Needed: One doesn't need much experience to start a miniature golf course. You can build your own course or tie in with a recognized leader in the field, Lomma Golf, and let them help you establish your business.
Startup Costs: The startup costs for the indoor courses, the outdoor courses and for the putting greens will vary depending on your location and the size of the operation. It's best to contact http://www.backyardminigolf.eu. There are miniature golf has opportunities that begin at $5000.
How To Charge: You can charge about $3 per game but charge whatever your market will bear. What do similar businesses charge in your area? Do some research. If you are offering a better miniature golf course product, then charge more. Because miniature golf is a non-inventory, non-commodity business, the cash revenues stay with the owner. Operators of courses are basically renting "air", and don't have inventory to replace. In most cities, the cost of one movie ticket would allow a family of four to play miniature golf.
Building Your Biz: There are many ways to market the miniature golf business to the entire community. It appeals to everyone. You can market your golf course to a wide variety of groups, ranging from kids to senior citizens' clubs. You can host birthday parties, special anniversary events and corporate celebrations at your miniature golf course. Tie-in with a local caterer to provide food and beverages for these special events. And for the golf fanatics, market a rehearsal dinner/golf game before the wedding. The possibilities are limited by your imagination.
Consider tie-ins with local industrial parks, adult communities, movie theaters, shopping malls
At Backyard Minigolf Inc we have designed and constructed over 10 complete European style miniature golf courses for less than $35,000 each. We are a team of an architect, civil engineer, minigolf layout designer, landscape specialist, business consultant and a construction crew. The miniature golf design and layouts we offer are compliant with the World Minigolf Federation and British Minigolf Association recommendations and requirements.
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