Venturing into the mini golf course business can be highly profitable, especially since it comes with low overhead costs. To set yourself up with the best chances of success, you should create a business plan. In fact, many banks require this before they will provide a loan. We’ll provide you with several tips for how to create a great mini golf business plan to help your mini golf course succeed.
Conduct Industry and Competitor Research
Before getting started, you will need to do some preliminary research. Learn about the mini golf course industry, including your competition and the growing trends in mini golf. This will help you develop a customized business plan that works for you in your location.
For example, you will need to decide if you would like a 9, 18 or 36 hole course. Additionally, will you have any other attraction, concessions or merchandise available?
Find out what the other mini golf courses within your geographical area are offering that either contributes to or detracts from their success. Equipped with this knowledge, you will be better informed when it’s time to make decisions in your own mini golf course’s business plan.
Develop a Marketing Plan for Your Mini Golf Course
Now, it’s time to start thinking about how you will get the word out about your mini golf course. Are you going to put up flyers at the local community center, start a website, grow a social media following, or do all of the above?
In today’s world, having a strong online presence is essential even if your target audience is predominantly local. Some ways you can attract customers is by offering an online booking discount.
Get All the Necessary Licenses
If your mini golf course will be an entirely new business (i.e., not an add-on to an existing business), you will need to know about registering your business and obtaining the necessary licenses. You may also need to look into business licenses for recreation and/or food and drink if you plan on selling them onsite. The expenses associated with licensure, as well as all the steps involved in acquiring liability insurance, should all be part of developing a great mini golf course business plan.
Get Started with Harris Mini Golf
If you’re looking for guidance on how to develop a great mini golf course business plan, the best way to start is by requesting an investor’s kit (free of charge) from Harris Mini Golf. We’re here to help you turn your miniature golf course business into a total success.
Have any more questions about starting a mini golf course? Browse through our FAQs and get in touch with us to get started today!
