Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Almost any size population base can, support a miniature golf course. A low traffic count will cost you dollars in advertising. If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage. But it is essential to determine your budget based on, Determine your population base during the tourist season. Beyond the property. (CO). In order to register for taxes you will need to apply for an EIN. A beautifully landscaped or “theme-based” miniature golf course will create more excitement and. Your local chamber of, commerce should be able to give you information based on dollars spent. A mini-golf business simply charges customers a set fee in order for the customers to play on the course. Is there a mall, theater, driving range, swimming pool, water park or ice cream parlor next to or near your facility? 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. Similarly, you may want to court local businesses and corporations to see if they would like to have any fun events at your location. You can also use social media to attract new clients or customers. Sport Castle Golf Sport Courses. There seems to be a growing interest in building in the smaller market areas, and there are some advantages to locating in. The costs of opening a mini-golf business vary, but typically run up $500,000. All establishments serving food are required to pass a health inspection. We do, recommend a small game room or concessions in your sales, area. 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. needed for the course itself, additional areas for sales, parking, storage, restrooms and future expansion need to be considered. Or, you can learn about the Heritage Oaks Golf Course in Harrisonburg, Va. which was constructed for just over $3 million and costs nearly $500,000 to maintain annually. Initial costs for your property will be considerably less (permits and zoning restrictions should be less expensive obstacles to, overcome). You can also have special days and times with certain promotions (such as bringing in four friends and getting a free game, or lower prices past a certain hour) in order to encourage more customers. Determine your population base during the tourist season. In business law, this is referred to as piercing your corporate veil. The answer to this question about building a golf course is similar to “How much does it cost to buy a house?” Both questions have the same answer: “It depends.” Talking with a golf course architect early in the development or remodeling process will help you get a handle on developing a realistic budget. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our Miniature Golf Course Name Generator. As mentioned earlier, one of the best ways to attract and retain customers is to encourage customers to have birthday parties and other events at your course. Recommended: You will need to elect a registered agent for your LLC. read all projects. Finally, a formal education in a field such as business can help ensure that your early investments pay off. In general, your best clients will be families. Is there a mall, theater, driving range, swimming pool, water, park or ice cream parlor next to or near your facility? This is one of the reasons that things like pinball, skeeball, and unconventional games like Dance Dance Revolution retain their popularity—customers cannot replicate these experiences easily at home. So that cost Alone is over a half million. After a major renovation, a new CO often needs to be issued. Check out our How to Start a Business page. There is more to starting a business than just registering it with the state. 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. Any amount of energy spent. A clear plan is essential for success as an entrepreneur. It's smooth and easy to work with, and it makes a great flat surface for rolling a golf ball. Over time, though, online advertising via social media and your website will be easy and virtually free, and it provides a natural venue with which to engage younger customers. We hear this all the time, “There is nothing to do in this town!” Here is the chance to do something for your, If you have the space limitations of an indoor facility, or if water features and elevation changes aren't necessary for your, location, an area of as little as 6,000 sq. You can acquire your EIN for free through the IRS website, via fax, or by mail. Recommended: Learn what business insurance for your Miniature Golf Course will cost. A few important topics to consider are: Luckily we have done a lot of this research for you. LLC formation packages usually include a free year of registered agent services. Phone: (262) 786-5960 | Fax: (262) 786-5919 | Contact Us, ©2020 American Society of Golf Course Architects. The original purpose of the Sport Course was to provide a combination of appearance and play that presented a “Golf Course” look. Determine your population base, city, county and other nearby cities. Learn more about music licensing requirements and how to obtain a blanket license here: 9 Steps to Start your Miniature Golf Course, Read our guide to find the best small business credit cards, International Association of Amusement Parks and Attractions.