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Golf Course Construction Costs
- The median cost to build an 18-hole golf course is $14 million, excluding land.
- The lowest-priced golf courses cost $7 million, while some may reach $25 million.
- Building greens can reach up to $60 per square foot.
Operating Costs and Profitability
- South African golf courses cost about R450,000 per month to run.
- Budget at least R500,000 per year for capital expenditures.
- Average water usage for an 18-hole golf course in California is around 90 million gallons per year.
- Golf courses can be profitable businesses if appropriately managed.
Miniature Golf Business
- A figure exceeding 130 million people play miniature golf annually, generating over $1 billion in industry revenues.
- Building an 18-hole miniature golf course costs between $150,000 and $250,000.
- A mini golf course can be profitable with proper management and market analysis.
Starting a Mini Golf Business
- The footprint for an indoor miniature golf course can be as small as 3,500 square feet for an 18-hole layout.
- Overhead costs should be considered for profitability evaluation.
- Mini golf is a popular, social experience that can generate revenue.
- Detailed market analysis is essential for identifying the target market and setting pricing strategies.