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Economics of Miniature Golf Course Operation
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A.
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Average time for a group of four players to play one hole
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2 minutes 20 seconds
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B.
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Number of groups that will be able to play the first hole in one hour
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25
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C.
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Full operational capacity
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100 people per hour
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D.
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Maximum Income per hour at $5.00 per person
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$500.00
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E.
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Maximum Income for a 12-hour day (12 noon to 12 AM)
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$6,000.00
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F.
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Gross Yearly income (3prime months and 4 off-season months) @ $5.00 per game
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% of Full
Operational
Capacity
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Day
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Prime Month*
(25 days)
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3 Month
Total
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Off Month**
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4 Month Total
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Year Total
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15%
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900
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$22,500
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$67,500
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$5,625
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$22,500
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$90,000
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20%
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1,200
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$30,000
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$90,000
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$7,500
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$30,000
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$120,000
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25%
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1,500
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$37,500
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$112,500
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$9,375
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$37,500
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$150,000
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30%
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1,800
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$45,000
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$135,000
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$11,250
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$45,000
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$180,000
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35%
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2,100
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$52,500
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$157,500
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$13,125
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$52,500
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$210,000
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*Note: Allows for 5 rain days per month.
**Note: 1/4 prime month capacity.
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G.
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Employee operation - Calculated with shifts of 12:00 PM to 6:00 PM, and 6:00 PM to 12:00 AM
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Peak Months
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Capacity
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Day Shift
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Night
Shift
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Total Staff
per Day
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Total Staff
Hours
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Cost per Day
@ $7/hr
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Cost per Month
(25 days)
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3 Month Total
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10%-20%
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1
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1
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2
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12
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$84
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$2,100
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$6,300
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21%-30%
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1
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2
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3
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18
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$126
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$3,150
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$9,450
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31%-40%
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2
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2
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4
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24
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$168
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$4,200
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$12,600
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Off Months
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Capacity
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Night Shift
Only
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Total Staff
Hours
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Cost per Day
@ $7/hr
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Cost per
Month
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4 Off Month Total
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Year Total
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10%-20%
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1
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6
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$42
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$1,050
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$4,200
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$10,500
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21%-30%
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1-2
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9
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$63
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$1,575
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$6,300
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$15,750
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31%-40%
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2
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12
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$84
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$2,100
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$8,400
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$21,000
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H.
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Amortization of $100,000 @ 10% for
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Monthly
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Yearly
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Two Years
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$4,614.50
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$55,374.00
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Five Years
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$2,128.72
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$25,496.64
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Ten Years
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$1,321.52
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$15,858.00
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Capacities
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Gross Income
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5 Year Debt
Service
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Employee
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Other Expenses*
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Net
(before taxes)
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15%
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$90,000
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$25,496
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$10,500
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$13,500
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$40,504
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20%
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$120,000
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$25,496
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$10,500
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$18,000
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$66,004
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25%
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$150,000
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$25,496
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$15,750
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$22,500
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$86,254
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30%
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$180,000
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$25,496
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$21,000
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$27,000
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$106,504
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35%
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$210,000
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$25,496
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$21,000
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$31,500
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$132,004
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*Note: Figured as 15% of gross income
This analysis is prepared so that the figures represent average incomes of different golf courses. There are two direct influences on the amount of money that you can make. First is the location that you select. If you choose an area such as Florida, where the course can be open year-round and if you choose a site in a recreational type setting with a large number of people traveling by, you will make a gross income even higher than what is represented here. But, if your location is poor, then you will have an income at the low end of the table. Secondly, the management you choose and the condition of the course can heavily affect the number of customers you have. Obviously, theft and maintenance will be much less of a problem if you manage the course yourself. But, since miniature golf requires very little supervision and personnel, it is extremely well-suited for absentee ownership. Thus, your choice of management can be critical.
Amusement Products has over 30 years of experience building, owning, and operating miniature golf courses. Let us help you become your own boss and have a business that is successful.
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