A golf entrepreneur runs a floating green where amateurs pay to hit balls at a $10,000 prize. The math works out to $650,000 annual revenue and $300,000 to $500,000 profit, yet almost nobody else does it. The speaker wonders why such a simple, lucrative idea hasn't spread across America.
Dude, I think you should pull up that video of the hole-in-one golf challenge. What a brilliant business idea. They will pay you $10,000 if you get a hole-in-one on their 110-yard floating green. There's one of these in the world that I know of. What is the business here? The business is math. The average amateur golfer has a 1 in 25,000 chance of getting a hole-in-one on a par 3, which this is. They have announced multiple times that they pay out on average once every 2 weeks. I can use math and I know how much they sell balls for. 20 balls for about $20. It means their top-line revenue is about $650 grand. And so I can surmise based on math and statistics, that this place net profits like $300,000 to $500,000 a year. There's nothing to see there. It's a little stand with a floating green, one guy just standing there with an iPad. Why isn't this all over the place? He should be all over America.
