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. The exact amount of profit your business makes greatly depends on the region as well as what the local entertainment competition is. How much profit can a miniature golf course make? This pricing makes your business a very competitive alternative to the increasingly pricey activities going out to movies, restaurants, etc. The exact cost may vary by region, but it is typical to charge customers about $5 to $7 to play 18 holes. How does a miniature golf course make money?Ī mini-golf business simply charges customers a set fee in order for the customers to play on the course. And they help create lifelong business for you as the children who enjoy the experience will enjoy coming back as they get older and eventually bring their own children. This is because the parents will help to control the behavior of children (which will not be true of all your teenage customers), and larger families provide more cash at a time than smaller groups of customers. In general, your best clients will be families. Beyond that, your main concern will be paying the wage for your workers (typically $4,000 or so a month for a manager, and an appropriate hourly rate for other employees). Fresh supplies can run about $400 a month, while rent may be upwards of $6,000. Some of the costs will vary by business location and size, but utilities should be about $1,500 a month, and insurance about $500. The good news is that after the initial expenses to open a course, the ongoing expenses are relatively minor. What are the ongoing expenses for a miniature golf course? Finally, you may require up to $9,000 to order eye-catching signage and up to $12,000 to advertise your grand opening. To stock up on golf balls, clubs, and redemption prizes for games may cost up to $15,000, and legal and accounting fees may be as high as $4,000. Basic equipment (including office computers supplies, computers, ticket machines, etc.) will be between $8,000 and $10,000, with the point of sale system costing up to an additional $7,500. You will also need to pay between $7,500 and $15,000 for architectural plans and between $2,000 to $4,000 for insurance deposits. Providing the necessary decorations and moving elements of the course itself, as well as interior decorations, furniture, and arcade games, can add an additional $200,000.
#Time to golf and stuff professional#
One professional group estimates that it will cost between $15,000 to $30,000 to put a deposit on the land lease, and a further $100,000 to $140,000 to make all of the necessary improvements to the land itself. The costs of opening a mini-golf business vary, but typically run up $500,000. What are the costs involved in opening a miniature golf course? Luckily we have done a lot of this research for you.
STEP 1: Plan your businessĪ clear plan is essential for success as an entrepreneur. Exploring your options? Check out other small business ideas. These steps will ensure that your new business is well planned out, registered properly and legally compliant. We have put together this simple guide to starting your miniature golf course. There is more to starting a business than just registering it with the state. Create your Miniature Golf Course Website.Define your Miniature Golf Course Brand.Get the Necessary Permits & Licenses for your Miniature Golf Course.Set up Accounting for your Miniature Golf Course.
Open a Business Bank Account & Credit Card.Register your Miniature Golf Course for Taxes.Form your Miniature Golf Course into a Legal Entity.Start a miniature golf course by following these 10 steps:
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