Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

$1M in revenue generated by the driving range!🏌🏽💵

27 May 2023 · 1 min

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0:43

YouTube video by Mike Andes presenting a golf driving range for sale in El Paso, Texas. The owner lists the business for $895,000, reporting nearly $1,000,000 in annual revenue and roughly $250,000 in profit. Andes argues that adding food and beverage services and targeting events could raise revenue to about $1.5M with the right operator.

Questions this video answers

$895,000

Almost $1,000,000 (about $900,000 reported in discussion)

Almost $250,000 (about a quarter million dollars)

Approximately $1.5 million in revenue

Chapters

This golf driving range in El Paso, Texas, is for sale, and it's doing almost a million dollars in annual revenue. It's for sale for 895,000 and is doing almost a quarter million dollars in profit. Now, the owner is saying that there's a big opportunity to increase your revenues and profits by adding food and drink. And whenever you're trying to buy a business, the number one thing you're looking for is, where can I capitalize and improve this business in order to make it worthwhile? If someone's coming in to spend $10 or $15 to go to the driving range, there's a very good chance you get a large chunk of those people to also spend an additional 10 or 15 do on food and drinks. Having food and drinks would also probably increase the number of people that come in for parties and large events. This potentially could move the business from 900,000 in revenue to $1.5 million in revenue. With the right operator.