Indoor Golf Simulator Revenue Calculator
Enter a few simple assumptions about the indoor golf simulator bar you are considering to get a very high level and rough estimate of potential golf simulator revenue. Your actual revenue may vary depending on the accuracy of your estimates of a few key aspects of your golf center. The result will update once you've entered an initial value in all the fields. You can adjust your assumptions an unlimited number of times to see how they might impact your business. Think of this as a mini-version of our startup model without the data from our research.
See how your assumptions compare to how real golf simulator bars are performing according to the data we collected for our indoor golf study.
See how your assumptions compare to how real golf simulator bars are performing according to the data we collected for our indoor golf study.
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indoor golf revenue: key drivers
Indoor golf revenue is influenced by a number of factors:
The revenue forecast is most heavily influenced by the number of rounds played and the rates you charge. The hours you plan to be open and the number of simulators you install sets your earning capacity or supply. For example with 6 simulators, a business open ~10 hours a day has a total of 420 simulator hours per week capacity. Fully rented at $40/hour for the entire year would equate to annualized indoor golf revenue of over $870,000. That said, you will have seasonality and periods where you are not fully rented. Peak season will be November – March as they are colder months with shorter daylight hours.
Research indicates two pricing models for simulator use. One is hourly and the other is per round. Hourly is more predictable for both the business and the player and is much more common. Charging per player per round is more like a real golf course so some indoor golf facilities go that route. Charging $30 per player assuming an average of 2.5 players per round at 1.5 hours for 18 holes yields an hourly rate of $50. The typical simulator rate is in the $35-$40 an hour range.
Depending on what you offer, food and beverage income for an indoor golf center can be substantial. The food and beverage forecast will be based on an average tab per patron. Research finds an average sports bar tab between $12 and $20 per person. Assuming $12 per customer, food and beverage revenue can add up quickly.
There are other revenue sources like lessons, merchandise, memberships, leagues, etc. Be sure to evaluate all the ways you can add value (and thereby charge fees) via your indoor golf business. Our indoor golf model allows you to forecast these based on research into real facilities. Good luck in your venture.
- The number of indoor golf customers visiting your facility
- The pricing model you use for charging customer to play indoor golf
- The rates you charge for golf simulator rental
- Your food and beverage offerings
- What sort of golf equipment and merchandise you sell
- Whether you provide golf lessons
- Any sort of golf membership or group programs
The revenue forecast is most heavily influenced by the number of rounds played and the rates you charge. The hours you plan to be open and the number of simulators you install sets your earning capacity or supply. For example with 6 simulators, a business open ~10 hours a day has a total of 420 simulator hours per week capacity. Fully rented at $40/hour for the entire year would equate to annualized indoor golf revenue of over $870,000. That said, you will have seasonality and periods where you are not fully rented. Peak season will be November – March as they are colder months with shorter daylight hours.
Research indicates two pricing models for simulator use. One is hourly and the other is per round. Hourly is more predictable for both the business and the player and is much more common. Charging per player per round is more like a real golf course so some indoor golf facilities go that route. Charging $30 per player assuming an average of 2.5 players per round at 1.5 hours for 18 holes yields an hourly rate of $50. The typical simulator rate is in the $35-$40 an hour range.
Depending on what you offer, food and beverage income for an indoor golf center can be substantial. The food and beverage forecast will be based on an average tab per patron. Research finds an average sports bar tab between $12 and $20 per person. Assuming $12 per customer, food and beverage revenue can add up quickly.
There are other revenue sources like lessons, merchandise, memberships, leagues, etc. Be sure to evaluate all the ways you can add value (and thereby charge fees) via your indoor golf business. Our indoor golf model allows you to forecast these based on research into real facilities. Good luck in your venture.
