I Might Get a Chance to Buy That Driving Range I’ve Always Wanted!

I Might Get a Chance to Buy That Driving Range I always Wanted

If you recall, I wrote an article about creating a passive income from a driving range a few weeks ago. Never did I think that I’d be given the opportunity to do so in the near future, but it seems that opportunity is knocking at my front door!

While working at my day-job, I overheard my cube buddy talking about her friends that own the local driving range. Here’s how the story goes:

Her friends (let’s call them Jack and Jill) were looking to acquire some property a few years ago and knew of a 50 acre plot nearby. They asked the owner if he would be willing to sell 15 acres so they could build a house and have some property of their own. He really didn’t like the idea of splitting up his land, so he gave them a good deal on the whole package: 50 acres of land and his newly developed driving range.

Jack and Jill were not golfers, but they figured it could be a good income source. So, they decided to keep it for a few years, just to see if it would be worth keeping around.

Jack and Jill still own the driving range today, but they are growing tired of it and might consider selling it in the near future (this is where my heart skipped a beat). It sounds like this business might be purchased at a steal of a price, so I’d better be ready for a potentially profitable opportunity.

If you really want to know how to start creating a passive income from a driving range here is a book on amazon which would be perfect:How To Plan, Design, & Build a Successful Golf Driving Range

Would It Be Worth It For Me To Quit My Job to Run the Driving Range?

My first thought is, how much income might this driving range produce? Fortunately, I already ran the numbers in my previous article. If all goes well, I figure that the driving range would earn somewhere between $20,000 and $25,000 for the 6 months that it would be open.

This income would not come close to replacing my day-job, but it would make it much easier for me to work on my online-ventures during the day. If I could earn $30,000 with my sites, then perhaps it might be time to consider this proposal. It’s quite a risk, but with my passion for golf and online income, this could be the perfect set-up!

Would you ever consider quitting your day-job to start a business like a driving range?

If you really want to know how to start creating a passive income from a driving range here is a book on amazon which would be perfect:How To Plan, Design, & Build a Successful Golf Driving Range

17 thoughts on “I Might Get a Chance to Buy That Driving Range I’ve Always Wanted!

  1. How is it passive if you would need to quit your day job? Can’t you do both? Also, if you are serious about buying and they are serious about selling, they will show you their books and you will know for sure exactly how much it earns to better gauge the opportunity.

    1. It could be passive if I hired someone to be there instead of myself, but that could quickly add up to a large expense that would most likely take away all potential profits. If I tried to do both without hiring someone, I wouldn’t be able to have it open during the day, which would eliminate potential business. And yes, I would definitely look at the books before making a purchase.

  2. I have a few things to say about driving ranges. First, there are 3 around my house that have gone out of business. Keep that as a warning.

    Second, don’t just look at the books, but look at tax returns. Some business owners will inflate income (ie cook the books) to make a sale or claim that revenue is off the books. On the other hand, if the money has been reported to the IRS, you know it is legit. Base any purchase price only on reported and taxable income. Otherwise, walk away.

    1. Thanks for the tips CFM! Buying any business should be done with caution – especially if it seems to good to be true. We’ll see if this one turns into anything. Ideally though, I’d like to have my mortgage paid off before I do anything crazy….

    1. Very true Corey. Since I love golf, it’s always been something I’ve wanted to do, but I think I should wait a couple of years before this option really makes sense for me.

    1. I’ll have to crunch the numbers, but it was super exciting for me too! I’m pretty decent at golf and would love to get some more practice out there on the range, so this would be perfect! 😉

  3. Driving ranges…while they sound good might be tough. The popularity of range privilieges at actual courses and new entertainment / sports bars (called Top Golf) would make the traditional range hard to maintain. Then there’s always weather. The climate is a big part of the success in my opinion.

    1. Good point BE. The weather could literally rain on my parade…. 😉 Maybe I’ll postpone my driving range fantasies and just go straight for the golf course! 😉 Lol.

  4. Sometimes it’s not really all about money, sometimes what is important is that your passion towards it! And I believe that a decision will be considered wrong if you will regret it in the end.. 🙂

    1. Thanks for the input Nicole! I think I would have a blast running the driving range. Not only do I love golf, but I also enjoy running businesses! I think it would be incredibly fun, but maybe a bit premature considering our goals for the future.

  5. I work with someone that owns/operates one of the local driving ranges, I wonder if it’s the same range you are talking about…..
    by the way, it’s my first time to this site, and i like it! More delicious money info for me to chew on and digest.

    1. Who knows, it could be the very same one! Glad you enjoy the site – it’s still somewhat of a work in progress, but it’s all coming together. 🙂

  6. Hi Derek,
    I do believe that quitting is not the solution for getting a great success in life but you don’t any reason to pursue a kind of a thing if you don’t have any passion on it… Passion brings a kind of color to our life and it is the important factors to make one self productive in a simple thing….

    1. Passion is the fuel that keeps us going isn’t it? I’d say that I actually do have a passion for running a driving range, but I’m not super excited about the long hours and late nights, not to mention the slim profits. I might consider this later in life, but for now, my career could easily earn me a greater income. Thanks for the comment Jamie!

  7. I hope that I am not too late to comment on driving ranges. I only recently had these thoughts also. My story is this… I am retired on disability (losing eyesight). The golf course adjacent to my subdivision closed in 2010 but left the driving range in complete set-up (nets, tee boxes, fairways are all there. It just needs mowing). The course went back to the bank and then was auctioned to a farmer. He is in the process of selling it to an investor. I cannot afford to purchase any part but I plan to ask the new owner if I can rent the driving range and then pay him a percentage of revenue each month. So, rather than buying your dream, maybe you can consider a form of rental of the range.
    My trouble is that this course is in a very rural area so an average of 50 golfers per week is about what I could expect if I’m lucky. That’s only about a $1000 per month before expenses.
    Option number two is a similar situation back in my hometown 200 miles away. The community has 44,000 people with two golf courses but only one has a practice range. There are no other free standing ranges within 20 miles. There is a 25 acre patch of open land ¼ mile from the course that does not have a range and is on the busiest road in town. I plan to ask the land owner if I can operate a golf range on the frontage part of the land in exchange for a percentage of the revenue. He is well known in the community and would encourage people to play there because it would increase his monthly rent.
    I would be totally free to maintain the range all day long. Initially, I plan to buy just the balls & buckets ($1000 investment) and pick them up by hand until I could afford a picker. Being that it is my hometown, I have already enlisted the help of several friends who will donate some other basic equipment to get me off the ground. (Yes, they will get free golf) In this community, I could expect 100 to 150 golfers per week at an average of $6 per bucket. ($2400 to $3600 per month gross) After expenses and reinvesting in range upgrades, I could earn about $1500 per month during peak season. That’d be a nice supplement to my disability income. Later, as I get too blind to operate it, I could sell it off or be in a position to employ someone to help.
    And yes, visually impaired golfers can play & enjoy the game too. (www.americanblindgolf.com)
    Wish me luck!!

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