Is Mini Golf a Profitable Business?
Every year, more than 130 million people of all ages play miniature golf, producing over $1 billion in annual revenues for course owners. Indoor mini golf can also be quite lucrative. Mini golf tends to be more successful than other recreational businesses because of its broad appeal across ages and abilities. With few staff needed and low equipment costs, mini golf is inexpensive to operate. The relatively low expenses combined with a steady customer base can easily lead to over $100,000 in annual profits.
Factors to Consider When Building a Golf Course
The median cost to build a golf course is $14 million. The lowest-priced golf courses cost $7 million, and others cost as much as $25 million. Several factors must be considered when building a golf course, including land costs, construction materials, labor, and maintenance. Location, course design, and terrain can also impact costs. At minimum, it will cost five million dollars to build a golf course.
Miniature Golf Courses and Profitability
A Very Profitable Business: A figure exceeding 130 million people of all age groups are playing miniature golf every year, with an excess of $1 billion in industry revenues annually. The footprint for an indoor miniature golf course can be as small as 3,500 square feet for an 18-hole layout, or 2,000 square feet for a 9-hole design. Mini golf has been around for over 100 years and is popular across all age groups. Mini golf courses tend to be profitable businesses because of their business model. Owners should focus on efficient operations, marketing strategies, customer satisfaction, and overall demand.