Driving Range Business Plan Template

Written by Dave Lavinsky

golf range business plan template
Table of Contents
Table of Contents

If you’re looking to create a driving range business plan, you’ve come to the right place!

Over the past 25 years, the PlanPros team has helped over 1 million entrepreneurs and business owners write business plans….and many of them have started and grown successful driving range businesses. Our driving range business plan example below is sure to help you!

Driving Range Business Plan Example

Below is our driving range business plan template and sample plan created using what we consider the best free ai business plan generator:
 

I. Executive Summary

Company Overview

Welcome to Swing Zone Range, our latest venture in the vibrant community of Hoboken, NJ. We are thrilled to open our doors and introduce a state-of-the-art Golf Driving Range designed to meet the needs of local golf enthusiasts. Recognizing the scarcity of local driving ranges with good availability, we have taken the initiative to provide a solution. Our facility caters to golfers of all levels, offering a range of ball baskets and club rental options to make golf practice accessible and affordable. Our goal is to create a gathering place for the golfing community in Hoboken, where both beginners and seasoned pros can enjoy improving their game.

Success Factors

Our confidence in the success of Swing Zone Range is built on our in-depth understanding of the golf range business and our extensive operational experience. We distinguish ourselves by offering extended operating times, far more convenient for our customers, ensuring they can enjoy their practice sessions at times that suit them best. Our dedication to creating an enjoyable and engaging atmosphere sets us apart. With superior amenities and a bar adjacent to our range, Swing Zone Range is not just a driving range; it’s a destination where fun and practice merge seamlessly. Since our foundation on December 1st, 2023, we have achieved significant milestones, including developing our company name, designing our logo, securing an ideal location, and establishing relationships with top vendors, marking the beginning of our commitment to serving the golfing community.

Industry Analysis

The Golf Driving Range industry in the United States is currently experiencing significant growth, with a market size estimated at over $3 billion and an expected increase to around $3.8 billion in the coming years. This growth is driven by rising disposable incomes, increasing interest in golf among millennials, and a higher number of golf events. For Swing Zone Range, located in the densely populated city of Hoboken, NJ, this presents a lucrative opportunity. Our strategic location caters to the demand for accessible and convenient golf practice facilities. Additionally, by embracing technological advancements such as advanced tracking systems and virtual reality experiences, we can attract tech-savvy customers and offer them a unique and immersive golfing experience.

Customer Analysis

At Swing Zone Range, our primary audience comprises local golfers seeking convenient practice opportunities. We aim to meet the unique needs and preferences of this group through tailored services and marketing strategies. Additionally, we attract a younger demographic, including young professionals and college students, by offering a blend of competitive and recreational experiences. Corporate clients looking for team-building events and alternative meeting venues represent another target audience, with our facility serving as a novel option for the local business community. Moreover, we aim to captivate tourists and visitors seeking unique local experiences, ensuring Swing Zone Range stands out as an attractive destination by enhancing our visibility on travel guides and online platforms.

Competitive Analysis

Our main competitors include Play Hoboken, Hudson Golf, and Skyway Golf Course, each offering varied golf experiences, from virtual simulators to traditional outdoor courses. Despite the diverse offerings, Swing Zone Range’s competitive edge is anchored in our unparalleled accessibility and convenience. Our extended operating hours cater to a wider audience, ensuring golf enthusiasts can practice at times most convenient for them. Moreover, our facility goes beyond the traditional driving range experience by incorporating superior amenities and a social venue with a bar, making us a distinctive destination for both golfers and socialites in the Hoboken area.

Marketing Plan

Swing Zone Range is committed to providing an inviting atmosphere for all golfers, with competitive pricing for our range of ball baskets and club rental options. Our dynamic promotion strategy leverages online marketing, social media engagement, and viral marketing tactics, creating shareable content that turns customers into brand ambassadors. Our multifaceted promotional approach includes email marketing, partnerships with local businesses, community involvement, referral programs, local advertising, and loyalty programs. These efforts are designed to build a strong presence in Hoboken, NJ, and make Swing Zone Range the go-to destination for a top-notch driving range experience.

Operations Plan

To ensure the successful operation of Swing Zone Range, we focus on maintaining equipment, providing exceptional customer service, ensuring facility cleanliness, managing inventory, and executing effective marketing and promotions. Additionally, we prioritize staff training, safety inspections, feedback collection, technology updates, and community engagement. Our immediate milestones include securing a suitable location, obtaining necessary permits, launching the driving range, hiring key staff members, developing and implementing a marketing strategy, installing essential equipment, reaching our initial sales target, establishing membership programs, hosting events, and achieving operational break-even.

Management Team

Under the leadership of Hudson Cruz, our CEO with 15 years of experience in the golf and driving range industries, the management team at Swing Zone Range possesses the expertise and vision required for success. Hudson’s strategic and operational management skills ensure that we remain focused on providing an exceptional service to the golfing community, leading Swing Zone Range toward a prosperous future.

Financial Plan

To achieve our growth goals, Swing Zone Range requires $415,000 in funding. This investment will be allocated towards capital investments, including buildout costs and equipment, and non-capital investments like furnishings and working capital. This financial plan lays the foundation for our success, supporting our mission to become the premier Golf Driving Range in Hoboken, NJ.

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $276,922 $343,383 $425,795 $527,985 $654,702
Direct Expenses $0 $0 $0 $0 $0
Gross Profit $276,922 $343,383 $425,795 $527,985 $654,702
Gross Profit (%) 100% 100% 100% 100% 100%
Other Expenses $173,540 $178,805 $184,230 $189,819 $195,578
EBITDA $103,382 $164,578 $241,565 $338,166 $459,123
Depreciation $60,000 $60,000 $60,000 $60,000 $60,000
Amortization $0 $0 $0 $0 $0
Interest Expense $41,500 $41,500 $41,500 $41,500 $41,500
Income Tax Expense $658 $22,077 $49,022 $82,833 $125,168
Net Income $1,223 $41,000 $91,042 $153,833 $232,455

 

II. Company Overview

Swing Zone Range is a vibrant addition to the Hoboken, NJ, golfing community, offering a state-of-the-art driving range that caters to the needs of local golfers. Recognizing the lack of accessible driving ranges with good availability in the area, we’ve stepped up to fill that void. Our facility is designed to provide an unmatched experience for both avid golfers and those new to the game.

Products & Services

At Swing Zone Range, we understand the importance of having options that cater to different needs and skill levels. That’s why we offer a variety of basket sizes to suit our customers’ practice requirements:

  • Small Basket – $8.00 (Approx. 45 Balls)
  • Medium Basket – $11.00 (Approx. 75 Balls)
  • Large Basket – $13.00 (Approx. 100 Balls)
  • Club Rental – $1.00.

Whether you’re just looking to hit a few balls to unwind after work or you’re in a rigorous training session, we’ve got you covered. Plus, our affordable club rental makes it easy for everyone to enjoy the game, even those who don’t own their equipment.

Location

Conveniently situated in Hoboken, NJ, Swing Zone Range serves the local community and visitors looking for an exceptional golfing experience. Our choice of location is strategic, ensuring easy access for all our customers and making us the go-to spot for golf enthusiasts in the area.

Success Factors

Our confidence in the success of Swing Zone Range stems from several key factors:

  • Deep knowledge of the golf range business and a solid background in business operations.
  • Extended operating hours to accommodate the schedules of our customers, setting us apart from competitors.
  • An engaging and enjoyable environment, enhanced by superior amenities and the convenience of an adjacent bar.

These elements combine to create a unique golfing experience that is both fun and accessible, ensuring Swing Zone Range is poised for success.

History, Legal Structure & Accomplishments to Date

Since our inception on December 1, 2023, Swing Zone Range has been on a fast track to establishing itself as a premier golfing destination in Hoboken, NJ. Although not yet incorporated, we’ve made significant strides, including developing our brand identity with a company name and logo, securing an ideal location, and building relationships with top vendors. These accomplishments lay a solid foundation for our growth and the realization of our vision to revolutionize the local golf scene.

 

III. Industry Analysis

The Golf Driving Range industry in the United States is currently experiencing significant growth and represents a lucrative market opportunity. As of recent data, the market size for golf driving ranges in the US is estimated to be worth over $3 billion. This figure is expected to continue to rise due to the increasing popularity of golf as a recreational activity and the growing participation in the sport across different age groups.

The market growth of the Golf Driving Range industry in the United States is projected to be robust in the coming years. With a compound annual growth rate (CAGR) of approximately 4%, the industry is expected to reach a market value of around $3.8 billion by the end of the forecast period. This growth can be attributed to factors such as the rising disposable incomes of individuals, the growing interest in golf among millennials, and the increasing number of golf tournaments and events held across the country.

The Golf Driving Range industry is witnessing several key trends that bode well for Swing Zone Range, a new Golf Driving Range located in Hoboken, NJ. Firstly, there is a growing demand for more accessible and convenient golf practice facilities, especially in urban areas. Swing Zone Range’s strategic location in a densely populated city like Hoboken positions it to cater to the needs of golf enthusiasts who seek a convenient place to practice their skills. Additionally, the industry is witnessing an increased focus on technology integration, with driving ranges incorporating advanced tracking systems and virtual reality experiences. By staying at the forefront of technological advancements, Swing Zone Range can attract tech-savvy customers and provide them with a unique and immersive golfing experience.

 

IV. Customer Analysis

Below is a description of our target customers and their core needs.

Target Customers

Swing Zone Range will target a diverse group of customers, with local golfers being at the forefront of their marketing efforts. These individuals are always on the lookout for a convenient and high-quality place to practice their swings and improve their game. By focusing on this group, Swing Zone Range will tailor its services to meet the specific needs and preferences of avid golfers in the area.

In addition to local golfers, Swing Zone Range will also attract corporate clients looking for team-building activities and event venues. Golf is often associated with networking and business deals, making the driving range an ideal location for corporate events. The range will offer packages that cater to these clients, providing not just golfing facilities but also spaces for meetings and social gatherings.

Furthermore, Swing Zone Range will extend its reach to families and beginners interested in learning golf. Offering lessons and family-friendly activities will make golf accessible to a wider audience, thus encouraging more people to take up the sport. This strategy will not only expand their customer base but also foster a community around the sport in Hoboken.

Customer Needs

Swing Zone Range caters to the inherent desire of individuals to play golf by providing an accessible and well-equipped facility. Customers can experience the joy of golfing, whether they are seasoned players looking to refine their skills or novices eager to learn the game. This establishment ensures that the love for golf is nurtured and flourished within a supportive environment.

Understanding the importance of fair pricing in attracting and retaining customers, Swing Zone Range offers competitive rates without compromising the quality of experience. This approach not only makes golfing more accessible to a wider audience but also ensures that customers feel valued and respected. Fair pricing coupled with exceptional service means that every visitor can enjoy good times without the worry of overspending.

Moreover, Swing Zone Range is dedicated to creating good times for its customers through a combination of excellent facilities, friendly staff, and a welcoming atmosphere. Customers can expect to have memorable experiences, whether they’re hitting balls on the range, improving their game, or simply enjoying the camaraderie with fellow golf enthusiasts. This focus on creating positive experiences is a cornerstone of the value Swing Zone Range offers to its community.

 

V. Competitive Analysis

Direct Competitors

Swing Zone Range’s competitors include the following companies: Play Hoboken offers a wide range of indoor sports and entertainment options, including golf simulators, pool tables, and a bar and lounge area. Their golf simulators allow customers to play on virtual courses from around the world, providing a unique and engaging experience. Prices for golf simulator rentals vary depending on the time of day and week, offering flexibility for different customer budgets. Play Hoboken primarily serves the local community in Hoboken, NJ, focusing on individuals and groups looking for recreational activities and entertainment options. Their key strengths include a diverse range of activities beyond golf, making them a versatile entertainment venue. However, their reliance on indoor simulation rather than actual golfing experience could be seen as a weakness for purist golfers seeking a more traditional experience. Hudson Golf is a boutique golf studio that offers high-tech golf simulators, private lessons, and custom club fitting services. Their services are tailored towards serious golfers looking to improve their game with the help of advanced technology and professional coaching. Prices are premium, reflecting the personalized and high-quality service offered. Located in the Hudson County area, they cater to golf enthusiasts and players seeking to enhance their skills through technology and professional expertise. Their key strength lies in their focus on improving golf performance, which appeals to a niche segment of the market. A potential weakness is their higher price point and niche focus, which may limit their appeal to casual golfers or those seeking more varied recreational activities. Skyway Golf Course is an actual golf course offering a traditional golfing experience with 9 holes, a driving range, and a clubhouse with dining facilities. They provide a range of services including tee times, golf lessons, and tournaments. Their pricing is competitive, offering various options for green fees, memberships, and lesson packages to cater to different customer needs. Situated in Jersey City, NJ, Skyway Golf Course attracts both local residents and visitors from the surrounding areas. Their key strength is providing a real outdoor golfing experience, which is highly valued by traditional golfers. However, being an outdoor venue, they are subject to weather conditions, which can be a weakness during unfavorable weather periods or seasons.

Competitive Advantages

Our competitive edge lies in our unparalleled accessibility and convenience. Understanding the busy schedules of our customers, we ensure our driving range is open at much more convenient times compared to our competitors. This flexibility allows our patrons to enjoy their favorite pastime without the constraints of conventional hours, making it easier for everyone from early birds to night owls to find the perfect time to practice their swing. Our commitment to accessibility not only caters to the dedicated golfer looking to improve their game outside of standard hours but also welcomes new players who might find it difficult to fit golf into their regular schedule.

Beyond the convenience of extended hours, our range elevates the golfing experience to a whole new level of enjoyment and relaxation. We pride ourselves on offering a fun and engaging atmosphere that goes beyond the traditional driving range experience. With superior amenities and a bar situated right next to the range, our customers can expect not just a place to refine their golf skills, but also a social venue where they can unwind and connect with fellow golf enthusiasts. This combination of leisure and sport ensures that every visit to our range is memorable, making us a standout destination for golfers and socialites alike in the Hoboken area.

 

VI. Marketing Plan

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products, Services & Pricing

At Swing Zone Range, we pride ourselves on offering an exceptional golfing experience for enthusiasts and beginners alike. Our comprehensive range of services caters to all your golfing needs, ensuring you have a memorable time on the range.

Golfers can expect to find a variety of options tailored to suit their practice needs, whether they’re looking to hit a few quick balls or spend an extended period perfecting their swing. Here’s what we offer:

Golf Ball Baskets:

  • Small Basket: Perfect for a quick practice session, our small basket contains approximately 45 balls and is priced at $8.00. It’s an ideal choice for those short on time or looking to warm up.
  • Medium Basket: For a more extended session, the medium basket offers around 75 balls for $11.00. It allows golfers to work on various aspects of their game without the pressure of running out of balls.
  • Large Basket: Aimed at the serious golfer looking to make the most of their practice, our large basket includes approximately 100 balls for $13.00. This option is perfect for an in-depth session focusing on all areas of your game.

Club Rental:

Understanding that not everyone has their own clubs or may be trying golf for the first time, we offer club rentals at an affordable rate of $1.00. This service ensures that everyone, regardless of their level or ownership of equipment, can enjoy the sport.

Why Choose Swing Zone Range?

Swing Zone Range is committed to providing a top-notch golfing experience. Our range of services is designed to cater to golfers of all levels, from beginners to seasoned players. With competitive pricing and high-quality facilities, we’re here to support your golfing journey every step of the way.

Whether you’re looking to practice your swing, spend a fun day out with friends, or introduce yourself to the game of golf, Swing Zone Range has everything you need. Come visit us and elevate your game today!

Promotions Plan

Swing Zone Range employs a dynamic and comprehensive approach to attract customers through a variety of promotional methods. Central to its strategy is a robust online marketing campaign. This encompasses targeted advertising on social media platforms, search engine optimization (SEO) to improve visibility, and engaging content marketing through blogs and videos that share tips, tricks, and insights into the world of golf. These efforts aim to build a strong online presence and engage directly with the golfing community.

In addition to online marketing, Swing Zone Range leverages the power of viral marketing to create buzz and excitement. By initiating online challenges, sharing compelling and shareable content, and encouraging user-generated content through contests and hashtags, Swing Zone Range taps into the viral nature of the digital world. This method not only enhances brand visibility but also fosters a sense of community and belonging among golf enthusiasts.

Email marketing is another critical component of Swing Zone Range’s promotional strategy. By sending regular newsletters, exclusive offers, and updates about upcoming events or promotions, Swing Zone Range keeps its customer base engaged and informed. This direct line of communication serves as a constant reminder of the value and experiences that Swing Zone Range offers, encouraging repeat visits and loyalty.

Local partnerships and sponsorships form a key part of Swing Zone Range’s approach to community engagement. Collaborating with local businesses, sports clubs, and community organizations, Swing Zone Range establishes itself as a supportive and integral part of the Hoboken community. These partnerships not only increase visibility but also enhance the range’s reputation as a community-friendly business.

Swing Zone Range also recognizes the importance of hosting events and tournaments to draw in customers. From beginner-friendly competitions to themed golf nights, these events offer unique experiences that appeal to a wide range of customers, including those new to golf or looking for a social outing. This not only drives immediate foot traffic but also strengthens the range’s position as a premier destination for golfing activities.

In conclusion, Swing Zone Range employs a multifaceted promotional strategy that combines online marketing, viral tactics, direct engagement through email, community integration through partnerships, and event hosting to attract and retain customers. With a focus on building a strong brand presence and fostering a sense of community, Swing Zone Range stands out as a leading golf driving range in Hoboken, NJ.

 

VII. Operations Plan

Our Operations Plan details:

  1. The key day-to-day processes that our business performs to serve our customers
  2. The key business milestones that our company expects to accomplish as we grow

 

Key Operational Processes

To ensure the success of Swing Zone Range, there are several key day-to-day operational processes that we will perform.

  • Maintain Equipment: Ensure all golfing equipment, including clubs, balls, and electronic systems (for simulated play and swing analysis), are in good working order and sanitized after each use.
  • Customer Service: Provide exceptional customer service, assisting guests with equipment, answering questions, and making recommendations to enhance their experience.
  • Facility Cleanliness: Regularly clean and maintain the driving range, including the tee area, seating, and common areas, to ensure a pleasant environment for customers.
  • Inventory Management: Keep track of equipment and refreshment inventory, reordering supplies as necessary to ensure we never run out of essential items.
  • Booking and Scheduling: Manage booking schedules for individual customers, groups, and events to maximize usage of the facility without overcrowding.
  • Marketing and Promotions: Execute ongoing marketing efforts to attract new customers and retain existing ones, including social media updates, email newsletters, and local advertising.
  • Financial Management: Monitor daily revenue and expenses, ensuring that the business operates within its budget and identifies opportunities for cost savings.
  • Staff Training: Continuously train staff on customer service excellence, operational procedures, and safety protocols to ensure a high-quality experience for all customers.
  • Safety Inspections: Conduct regular safety inspections of all equipment and the facility to identify and rectify potential hazards immediately.
  • Feedback Collection: Actively seek customer feedback on their experience and use this information to make improvements to the service offering.
  • Technology Updates: Stay updated with the latest golfing technology and software to enhance the customer experience and operational efficiency.
  • Community Engagement: Engage with the local Hoboken community through events, sponsorships, and partnerships to build a loyal customer base.

Milestones

Swing Zone Range expects to complete the following milestones in the coming months in order to ensure its success:

  • Securing a Prime Location: Identifying and securing a lease or purchase of a property in Hoboken, NJ, that is accessible, visible, and conducive for a golf driving range operation. This location should also comply with local zoning laws related to such a business.
  • Obtaining Necessary Permits and Licenses: Acquiring all required permits and licenses from the city of Hoboken and the state of New Jersey to legally operate a golf driving range. This includes building permits for any construction or renovations needed, as well as operating licenses specific to entertainment and leisure businesses.
  • Building and Equipping the Range: Completing the construction, outfitting, and landscaping of the driving range. This includes installation of high-quality turf, driving bays, lighting for night use, and any ancillary facilities such as a clubhouse or equipment rental area.
  • Hire Key Staff Members: Recruiting and hiring essential personnel including a general manager, customer service representatives, and maintenance staff. This also involves training them to ensure high-quality customer service and the smooth operation of the range.
  • Launch Driving Range: Officially opening the Swing Zone Range to the public with a promotional event or marketing campaign to generate initial interest and attract customers.
  • Implementing a Marketing Strategy: Executing a comprehensive marketing and advertising strategy to build brand awareness and attract customers. This could include digital marketing, local partnerships, and special events to position Swing Zone Range as a premier golfing destination in Hoboken.
  • Reach $10,000/month in Sales: Achieving the financial milestone of generating at least $10,000 in monthly sales. This will require consistent marketing efforts and excellent customer service to build a loyal customer base and attract new patrons.
  • Establish Partnerships with Local Businesses and Organizations: Forming strategic partnerships with local businesses, schools, and golf clubs to offer promotions, group discounts, or events. This can help to further increase foot traffic and revenue.
  • Assess and Expand Offerings: Evaluating customer feedback and market demand to introduce additional services or amenities such as lessons, clinics, or advanced technology for swing analysis. This could provide additional revenue streams and enhance the overall customer experience.
  • Achieving Positive Cash Flow: Reaching a point where the monthly revenue exceeds operational expenses, indicating financial stability and the potential for future expansion or reinvestment into the business.

 

VIII. Management Team

Our management team has the experience and expertise to successfully execute on our business plan.

Management Team Members

Swing Zone Range management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Hudson Cruz, CEO

Hudson Cruz brings a wealth of experience and passion for the golf industry to his role as CEO of Swing Zone Range. With over 15 years of dedicated service in the golf and driving range sectors, Cruz has built a strong foundation in business management, customer service, and strategic planning. His extensive background has enabled him to understand the nuances of the golfing community and the operational intricacies of running successful driving ranges. Cruz’s leadership is characterized by a commitment to innovation and excellence, ensuring that Swing Zone Range remains at the forefront of the industry. His vision for the company is not just to create a place for golf enthusiasts to practice their swing but to foster a community where players of all levels can come together and share their love for the game. Under his guidance, Swing Zone Range is poised for lasting success, leveraging Cruz’s deep industry knowledge and business acumen.

 

IX. Financial Plan

Summary

Below is an overview of our expected financial performance over the next five years:

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues $276,922 $343,383 $425,795 $527,985 $654,702
Direct Expenses $0 $0 $0 $0 $0
Gross Profit $276,922 $343,383 $425,795 $527,985 $654,702
Gross Profit (%) 100% 100% 100% 100% 100%
Other Expenses $173,540 $178,805 $184,230 $189,819 $195,578
EBITDA $103,382 $164,578 $241,565 $338,166 $459,123
Depreciation $60,000 $60,000 $60,000 $60,000 $60,000
Amortization $0 $0 $0 $0 $0
Interest Expense $41,500 $41,500 $41,500 $41,500 $41,500
Income Tax Expense $658 $22,077 $49,022 $82,833 $125,168
Net Income $1,223 $41,000 $91,042 $153,833 $232,455

Funding Requirements/Use of Funds

To accomplish our growth goals, Swing Zone Range needs $415,000 in funding. Key uses of this funding will be as follows:

Capital Investments
Buildout Costs $100,000
Equipment $200,000
Non Capital Investments
Furnishings $15,000
Working Capital $100,000

Financial Projections

financial projection driving range business plan

5 Year Annual Income Statement

FY 1 FY 2 FY 3 FY 4 FY 5
Revenues
Revenues $276,922 $343,383 $425,795 $527,985 $654,702
Total Revenues $276,922 $343,383 $425,795 $527,985 $654,702
Direct Costs
Direct Costs $0 $0 $0 $0 $0
Total Direct Costs $0 $0 $0 $0 $0
GROSS PROFIT $276,922 $343,383 $425,795 $527,985 $654,702
GROSS PROFIT % 100% 100% 100% 100% 100%
Other Expenses
Salaries $121,356 $125,038 $128,832 $132,740 $136,768
Marketing Expenses $18,203 $18,755 $19,324 $19,911 $20,515
Rent/Utility Expenses $24,271 $25,007 $25,766 $26,548 $27,353
Other Expenses $9,708 $10,003 $10,306 $10,619 $10,941
Total Other Expenses $173,540 $178,805 $184,230 $189,819 $195,578
EBITDA $103,382 $164,578 $241,565 $338,166 $459,123
Depreciation $60,000 $60,000 $60,000 $60,000 $60,000
Amortization $0 $0 $0 $0 $0
EBIT $43,382 $104,578 $181,565 $278,166 $399,123
Interest Expense $41,500 $41,500 $41,500 $41,500 $41,500
PRETAX INCOME $1,882 $63,078 $140,065 $236,666 $357,623
Net Operating Loss $0 $0 $0 $0 $0
Use of Net Operating Loss $0 $0 $0 $0 $0
Taxable Income $1,882 $63,078 $140,065 $236,666 $357,623
Income Tax Expense $658 $22,077 $49,022 $82,833 $125,168
NET INCOME $1,223 $41,000 $91,042 $153,833 $232,455
Net Profit Margin (%) 0.4% 11.9% 21.4% 29.1% 35.5%

5 Year Annual Balance Sheet

FY 1 FY 2 FY 3 FY 4 FY 5
ASSETS
Cash $165,877 $261,328 $405,397 $613,919 $481,294
Other Current Assets $24,970 $30,963 $38,394 $43,998 $54,558
Total Current Assets $190,847 $292,292 $443,791 $657,917 $535,853
Intangible Assets $0 $0 $0 $0 $0
Acc Amortization $0 $0 $0 $0 $0
Net Intangibles $0 $0 $0 $0 $0
Fixed Assets $300,000 $300,000 $300,000 $300,000 $300,000
Accum Depreciation $60,000 $120,000 $180,000 $240,000 $300,000
Net fixed assets $240,000 $180,000 $120,000 $60,000 $0
Preliminary Exp $0 $0 $0 $0 $0
TOTAL ASSETS $430,847 $472,292 $563,791 $717,917 $535,853
LIABILITIES & EQUITY
Current Liabilities $14,624 $15,067 $15,525 $15,818 $16,298
Debt outstanding $415,000 $415,000 $415,000 $415,000 $0
Total Liabilities $429,624 $430,067 $430,525 $430,818 $16,298
Share Capital $0 $0 $0 $0 $0
Retained earnings $1,223 $42,224 $133,266 $287,099 $519,555
Total Equity $1,223 $42,224 $133,266 $287,099 $519,555
TOTAL LIABILITIES & EQUITY $430,847 $472,292 $563,791 $717,917 $535,853

5 Year Annual Cash Flow Statement

FY 1 FY 2 FY 3 FY 4 FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss) $1,223 $41,000 $91,042 $153,833 $232,455
Change in Working Capital ($10,346) ($5,549) ($6,974) ($5,311) ($10,079)
Plus Depreciation $60,000 $60,000 $60,000 $60,000 $60,000
Plus Amortization $0 $0 $0 $0 $0
Net Cash Flow from Operations $50,877 $95,451 $144,068 $208,521 $282,375
CASH FLOW FROM INVESTMENTS
Fixed Assets ($300,000) $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0
Net Cash Flow from Investments ($300,000) $0 $0 $0 $0
CASH FLOW FROM FINANCING
Cash from Equity $0 $0 $0 $0 $0
Cash from Debt financing $415,000 $0 $0 $0 ($415,000)
Net Cash Flow from Financing $415,000 $0 $0 $0 ($415,000)
Net Cash Flow $165,877 $95,451 $144,068 $208,521 ($132,624)
Cash at Beginning of Period $0 $165,877 $261,328 $405,397 $613,919
$165,877 $261,328 $405,397 $613,919 $481,294

 

What Is a Driving Range Business Plan?

A driving range business plan is a document that outlines the strategies you have developed to start and/or grow your driving range business. Among other things, it details information about your industry, customers and competitors to help ensure your company is positioned properly to succeed. Your driving range business plan also assesses how much funding you will need to grow your business and proves, via your financial forecasts, why the business is viable.
 

Why You Need a Business Plan for your Driving Range Business

A business plan is required if you are seeking funding for your driving range business. Investors and lenders will review your plan to ensure it meets their criteria before providing you with capital. In addition, a driving range business plan helps you and your team stay focused. It documents the strategies you must follow and gives you financial projections you should strive to achieve and against which you can judge your performance.
 

Driving Range Business Plan PDF

Download our Driving Range Business Plan Template PDF to help guide you as you create your business plan for your own driving range.
 

Over the past 25 years, Dave Lavinsky, Founder of PlanPros has helped over 1 million entrepreneurs develop business plans.
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