Depending upon where you are located, your profits will vary. For example, the average northern state can operate 4 to 6 months per year (depending upon the weather). Naturally the further south you are located the longer your miniature golf season will be. An indoor course can operate 12 months of the year, regardless of the weather and climate. A northern state in 4 to 6 months can generate in excess of $50,000.00. As your location becomes established, proceeds of $80,000.00 and upwards are attainable. In your expenditures you will have to consider your lighting, rental fees, salary, insurance and advertising. Please note, your expenditures should be minor compared to big profits. In general, an excellent return on your investment. The average fee charged for an 18 or 19-hole course is about $3.50. A 9 or 10-hole course fee would generally be $1.75 for the first round and $1.25 for the second round . . . thus generating $3.00 per customer, if the golfer goes around twice. If you play 200 players per day, you will generate $700.00 . . . On weekends your daily take should be greater!At ARTLEE MINI GOLF we feel our courses have a perfect blend of skill and luck enabling anybody to participate and have fun. All of our model courses have an obstacle or hazard on every hole. We have huge, animated, challenging, and colorful obstacles. Since our courses are designed so anybody can play and are visually so attractive, we feel the above figures can be topped very easily.

GAMES PLAYED	INCOMEPER DAY	INCOMEPER WEEK	INCOME PERMONTH	INCOME FORSEASON(6 MONTHS)
100	$350	$2,450	$10,500	$63,000
150	$525	$3,675	$15,750	$94,500
200	$700	$4,900	$21,000	$126,000
250	$875	$6,125	$26,250	$157,500
300	$1050	$7,350	$31,500	$189,000
350	$1225	$8,575	$36,750	$220,500
400	$1400	$9,800	$42,000	$252,000

*PLEASE NOTE:
All income projections are based on miniature golf income alone. Many courses also have other revenue creating amenities.

* INDOOR MINIATURE GOLF
has experienced a tremendous boom the past few years. Our indoor operators love the fact they are open year round. When using the above income projections for an indoor course, keep in mind you'll be open 12 months.

In the planning process the government, as well as the zoning and planning boards, will be a strong influencing factor. These questions already raised are significant factors, however, more planning on your part is necessary to open a new business in today's highly-regulated climate. Environmental regulations on the local, state, or federal level are very complex and sometimes time consuming and frustrating. These regulations can apply to both new construction or additions to existing businesses. The cost of filing just an environmental impact statement can sometimes be a budget wrecker. It is best to plan ahead in this area before you invest. Allow in your budget a conservative expenditure (based on the overall size of your planned business) to pay for government mandated requirements.

Unlike batting cages and golf driving ranges, there are no conventional rules as to size. Based on our experience, we recommend a minimum of 20,000 sq. ft. (About 1/2 acre) per 18 holes, just for the course itself. In addition, your operations building, parking, and allowance for other or future profit centers must be part of the planning process.

Most companies that provide custom course designs, as well as construction, when desired, charge $10-20,000 for their design services. We sell two different sets of course drawings (hole layouts), complete with a materials listing for each hole, for $95/set. We are also the exclusive catalog sales agent for Form-a-Course®, a patent pending modular system for building a concrete golf course. Form-a-Course can be built on a site assmall as 10,000 sq. ft. If you purchase Form-a-Course we will provide a site layout for the course free of charge.

We also work with selected companies in the industry who can provide a custom design for your particular site at more reasonable costs. We have seen some of these plans, and they are quite impressive. The cost for these drawings is approximately $300, plus travel cost to your location for site evaluation. If one of these companies handles the construction of your course, then the cost of the drawings ($300) is rebated back to you.

The cost of the equipment and land improvement must be analyzed carefully in your business plan. The bulk of your financing will be cash unless you have collateral to borrow against, such as your home, business, or other investments. We're not aware of any suppliers who offer terms in the purchase of your start-up equipment.

Years ago, most operators built or subcontracted their own courses. This option is still available today. ARTLEE MINI GOLF does not build miniature golf courses; however, we work with several quality companies that can provide good, solid construction services anywhere in the country. The miniature golf business has gone far beyond the "mom and pop" business that it was thirty years ago.

We have available pre-fab courses made from both space age polymers and pressure treated wood. Both are suitable for smaller sites and particularly indoors. It is our opinion, however, that for the long-term investment an outdoor, concrete course is the best approach in terms of creativity of design and repeat customer appeal.

For any constructed course we suggest you allow sixty days for construction. Most companies can build in much less time, but it is best to allow for difficult building weather in your construction budget, and for lead-time planning.

What will it cost to construct? How much of the work will you perform personally? How much will be subcontracted out? Will you hire a construction company to do some or all of the work-clear to a turn-key package?

Obviously these factors affect the price. The cost for an 18-hole course will range from about $18,000 for a pre-fab course to $500,000 for an ultra deluxe course in a major complex, usually involving more than one profit center. These figures are just for the course itself. There are no "rules-of-thumb"-only some general price ranges. Typical 18-hole courses developed from our course plans or of similar design run $ 45-120,000. Add to 4 these costs additional site improvements, a building, parking, lighting, landscaping, signs, and you can see it takes considerable budgeting.

All electrical wiring, lighting, and control , installations should be standard to local codes. Secure all necessary permits and have all required inspections done on prescribed schedules so as not to unnecessarily delay or cause work to be redone. Be sure to provide drainage off each fairway and green and the adjacent surrounding areas, even though your customers may have no need to walk in these areas. Also provide a drain in each hole cup.

Plan for plenty of electrical outlets throughout the course for ease of service and maintenance. Include adequate water faucets for attaching hoses for watering and cleaning purposes.

Plan and design the course with safety in mind. It's better for your customers, yourself, and your insurance rates. The new American's Disability Act mandates equal access for physically disadvantaged individuals, particularly in new construction. View this new law as an opening to markets and to employment not previously utilized. As well as new customers, you may also find valued, new employees in the process. To find the specific regulations that you must comply with, consult with an attorney who specializes in ADA study.

In addition to the start-up equipment, ARTLEE MINI GOLF is very proud of its quality line-up of:
Carpet/Adhesive (for Indoor/outdoor)
Obstacles (particularly fiberglass)
Waterfall/Fountains Decorative ponds Vinyl pond liners (custom, any size)
Course and safety signs
Lighting systems

Netting for any application
Discount pricing available on equipment start-up packages and large quantity orders. All prices F.O.B. our warehouse or vendors, plus sales tax where applicable.

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Recommended start-up equipment for a
18-HOLE MINIATURE GOLF COURSE

Putters

5	37" X-long Pro-Style Putters
60	35" Adult Putters
15	32" Ladies Putters
30	29" Junior Putters
10	27 "Childs Putters
5	24" Kiddie Putters
125	Total Putters

Other Equipment

24	19" Plastic toddler putters
50	doz, Miniature golf balls (assorted colors)
1	Golf bail rack dispenser
18	Steel scoring stand w/ numbered flags
50	gross Plain pencils (144 per gross)
18	Tee mats (green or black)

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MINIATURE GOLF PRO-FORMA OPERATING STATEMENT FOR A SEASONAL OPERATING COURSE

Sales

Admissions	$125,400
Soft Drinks (vending machine)	5,000
Video Games	20,000
Gross Receipts	$ 150,400

Expenses

Wages-Direct	$ 9,480
Wages - Maintenance(lawn care, etc.)	1,870
Taxes-Payroll	1,476
Hired Maintenance	600
Advertising	11,232
Insurance	2,600
Supplies (printing,pencils,bails,etc.)	1,175
Professional Fees	425
Telephone	625
Trash pick-up	390
Utilities	1,460
Miscellaneous	275
Soft Drinks	2,500
Commission on. Games	10.000
Total Expenses (cost of sales)	$ 44.108
OPERATING INCOME	$ 106.292

* Note: From an actual operating course: Your income/expenses will vary No provision for real estate or federal income taxes, depreciation, or debt service.