⛳️ Dream it. Build it. Craft your perfect home setup or launch a thriving business. I began looking into indoor golf as a potential investment opportunity.
Play it. ️We're your one-stop shop for all things golf simulators - business plans, in-depth reviews, expert advice, and buyer surveys, data-driven insights. In doing so, it quickly became apparent that the assumptions about the number of rounds played drove the business case on such an enterprise. This refers to both the number of simulators my area could support and the percentage of time they
would be rented. Most of the simulator manufacturers had ROI models that they provided me showing an expected utilization of ~70-80% for the year, but were unable to share actual results. They also didn't have any empirical information on impacts of weather, population, etc. I decided to create a survey to collect that sort of information and provided a copy back to participants of the survey. What I found was that these ROI models overstated actual use. I was also able to evaluate a number of other data sources covering weather, golfers in a 10 mile radius, home price, percentage of renters, etc around a facility to identify a few drivers to help build a forecast of expected utilization in my area. In the end, I concluded that an indoor golf center could be profitable, but not close enough to replacing my existing salary to be worth the risk. Given the total lack of information like this, I thought it might be interesting to see if I could build a community and continue to gather data that owners would find useful. If through this venture, someone comes up with a way to crack the nut on how to really drive strong traffic in good weather, I might still open a facility some day.
12/23/2024
Keep your golf mat steady during practice with these simple tips.
How do you make sure your practice mat stays in place?
Share your tips in the comments! 💬
For the full guide on keeping your mat steady, check out the link in the comments!👇
12/22/2024
Make your golf simulator safer and more enjoyable by reducing impact screen bounceback! ⛳
Minimize golf impact screen bounce back for a safer and immersive simulator experience. Discover strategies like buffer space, proper installation, and impact-resistant screens.
12/21/2024
Want your impact screen to last?
What’s your top tip for keeping your golf simulator gear in great shape?
Share your advice in the comments! 💬
For the complete guide on maintaining your impact screen, check out the link in the comments!👇
12/20/2024
Ensure a perfect setup for your golf simulator with this guide to hanging an impact screen. 🎯⛳ What challenges did you face when setting up your impact screen? Let’s chat in the comments and help each other out! 💬
Swing speed secrets revealed! Boost your golf performance with drills, exercises, and equipment tips. Learn to increase power, improve technique, and maximize driving distance using golf simulators and at-home practice.
12/15/2024
Ultimate Golf Simulator Comparison Spreadsheet 📊 | Real User Data + Discounts!
Discover the ultimate golf simulator comparison spreadsheet with real user data sourced directly from Reddit! This detailed resource covers everything you need: golf simulators, launch monitors, mats, screens, enclosures, nets, and projectors. Whether you're building the perfect indoor golf simulator or looking for the best home golf setup, this free spreadsheet provides valuable insights and discount codes to save you money.
See the sheet to find out:
- What is the best low cost launch monitor
- Which golf mat has the best shock absorption
- What simulators work in small spaces
and lots more. . .
With thousands of golfers sharing their experiences, you'll get an unbiased look at top simulators like SkyTrak, Trackman, Foresight, and Full Swing Golf. Perfect for enthusiasts at any skill level, this video walks you through the best tools for golf simulation and helps you make an informed decision.
Discover the ultimate golf simulator comparison spreadsheet with real user data sourced directly from Reddit! This detailed resource covers everything you ne...
12/15/2024
Experience the future of golf by playing on a simulator against friends. 🎮⛳
It’s the perfect way to perfect your skills in a virtual world!
Have you ever tried playing golf on a simulator with friends? Let’s hear your experience in the comments!
Want to know how to set up your own simulator for endless fun? Check the link in the comments!👇
12/14/2024
Thinking about improving your game with lessons?
Golf lessons can help take your skills to the next level, but knowing what to expect in terms of cost is key.
What do you think is the most important thing to focus on in your lessons?
Let me know in the comments! 💬
For a full breakdown of golf lesson costs and what you can expect to pay, check it out here:
How Much Are Golf Lessons? Cost Guide & Benefits. Find PGA Instructors & Lesson Types (Private, Group, Online) to Lower Your Scores & Enjoy the Game More.
12/13/2024
Compare every piece of golf simulator equipment with our detailed spreadsheet. ⛳ It’s the perfect tool to help you pick the right gear, no matter your budget! What’s your top priority when shopping for simulator equipment? Let us know in the comments! 💬
Want to open your own golf simulator business? 🏠⛳ What’s your dream location for a golf simulator business? Let’s talk about your business vision in the comments—I'd love to hear where you’d set up your ideal space! 💬
Need a step-by-step business plan to get started? Check out the link in the comments!👇
12/11/2024
Improve your short game from the comfort of your home with these indoor chipping strategies. ⛳ What’s your favorite indoor drill to work on your chipping? Let’s chat about your best practice tips in the comments! 💬
Practice chipping anytime, anywhere! Best indoor games & training aids.
12/10/2024
Get the most out of your golf simulator by understanding the data it provides!
Ever wonder how to use your simulator’s data to improve your performance?
Share how you track your progress below—let’s discuss your favorite features! 💬
Want to learn how to read and use the data more effectively? Check out the full guide in the comments!👇
12/09/2024
Ready to set up your golf simulator? 🏠⛳ Having the right design is key to making your practice space perfect! What's one feature you'd never skip when setting up? Share your thoughts with us below! 💬
Make your practice sessions more exciting with these fun golf chipping games. 🏌️♂️ Whether you're looking to improve accuracy or add some fun to your routine, these games are perfect for any golfer. Ready to up your chipping skills? Let's talk about your current practice routine below!
Want more tips? Check out the full guide in the comments!👇
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Videos
Best Golf Cart Speakers for Your Next Round ⛳️ | Top Picks & Reviews
In this video, we review the top-rated options that bring high-quality sound and convenience to your golf outings. Whether you're seeking waterproof durability, premium sound, or a budget-friendly option, we've got you covered.
https://youtu.be/Ekh41eo6mh4
I began looking into indoor golf as a potential investment opportunity. In doing so, it quickly became apparent that the assumptions about the number of rounds played drove the business case on such an enterprise. This refers to both the number of simulators my area could support and the percentage of time they would be rented.
Most of the simulator manufacturers had ROI models that they provided me showing an expected utilization of ~70-80% for the year, but were unable to share actual results. They also didn't have any empirical information on impacts of weather, population, etc. I decided to create a survey to collect that sort of information and provided a copy back to participants of the survey.
What I found was that these ROI models overstated actual use. I was also able to evaluate a number of other data sources covering weather, golfers in a 10 mile radius, home price, percentage of renters, etc around a facility to identify a few drivers to help build a forecast of expected utilization in my area. This led to the creation of the Complete Startup Package for Indoor Golf.
THE INDOOR GOLF STUDY (RESEARCH ON INDOOR GOLF BARS)
The Indoor Golf Center study is a valuable tool for prospective golf simulator bar owners and investors. In addition to detailed analysis factors driving golf simulator choices, indoor golf visitor volumes by month, frequency of golfer visit, composition of revenue and future plans, the indoor golf study provides straight forward metrics to benchmark your business.
These include things like:
Average hourly golf simulator price charged
Golf simulator utilization by month
Indoor golf revenues by age of business and number of simulators
Ratio of the number of golf simulators per golfers within 10 mile radius
EXCEL INDOOR GOLF STARTUP MODEL
The model takes all of the information learned in the study and puts it into a simple to use Excel-based business model. It allows you to project profits and losses based on real business averages learned in the study.
The indoor golf business model includes information to help you determine the right number of golf simulators for your golf simulator bar based on home ownership, number of golfers in the area and weather.
It also includes a 3 year summary financial projection based on the input you provide along with detailed monthly forecasts for years 1 through three on separate tabs. Each is formatted and ready to print to make it easy to use with your bank, investors or business plans.
The model allows you to see averages and adjust assumptions for:
Monthly indoor golf simulator player volume, along with food and beverage consumption and cost per golfer
Cost of rent, marketing expenses and merchandise sales
Number of golf simulators and rate charged per hour for golf simulator use
Initial capital expenses, number on staff and square feet of your indoor golf facility
Hours per week the golf simulator bar is open
and much more. . .
INDOOR GOLF BAR LOCATION GUIDE
Picking the best location can be a complicated endeavor. You want to be sure you are convenient to customers, have the right amount of space, aren't paying too much, understand build out for your facility and more. It's a lot to stay on top of as you are trying to start a business. Make it easier with our location analysis tool. With a small amount of data to collect on each property, we give you 8 comparative financial metrics and 11 descriptive comparisons on each property. We also show you have to find out the number of your target customers in a 5 mile radius from each location.
Here is a screenshot from the location analysis tool:
INDOOR GOLF PLAYER PREFERENCES STUDY
Yardstick Golf surveyed indoor golfers to understand their preferences and find out more about what might make their experience more enjoyable or more frequent. This paper shares what we found and how you might use the information.
The study is 5 pages covering how factors such as a player's handicap drive differences in how they think about indoor golf, how frequently they'll play, whether they'll recommend to a friend and more. The preferences study is included with your purchase.
In the end, I concluded that an indoor golf center could be profitable, but not close enough to replacing my existing salary to be worth the risk.
Given the total lack of information like this, I thought it might be interesting to see if I could build a community and continue to gather data that owners would find useful. If through this venture, someone comes up with a way to crack the nut on how to really drive strong traffic in good weather, I might still open a facility some day.
