Starting a driving range can be an attractive business venture for those interested in the golf industry. However, there are many pros and cons to consider before making this decision. Below is a list of some potential benefits and drawbacks associated with opening a driving range:
1. Low startup costs compared to other golf-related businesses.
2. Flexible hours and ability to manage the business from home or another location.
3. The potential for steady, year-round income with payouts depending on regional weather conditions.
4. Opportunity to network with local golfers and create a loyal customer base.
5. Potential to increase revenue with additional services such as lessons, club repair and snack bar.
1. Expensive equipment costs for tee mats, golf clubs, balls and other supplies.
2. Need for a large lot or land area to accommodate golfers.
3. Low margin of profits due to high overhead costs associated with operating a driving range.
4. Dependence on favorable weather conditions in order to attract customers and generate consistent income.
5. Risk of damages from golfers hitting balls onto neighboring property or public areas.
6. Need for experienced staff members to help manage the facility and operations efficiently.
7. Difficulty in finding suitable insurance coverage to protect against liability and other risks.
8. Need for marketing plan to attract customers and ensure a steady stream of business.