My mind is constantly running and that’s half of the problem. The north end of our town was home to a small driving range “The Golf Academy.” It sat on a main state highway. It has a small gravel parking area, a small white stucco/concrete building with two garage doors that had seen better days. Behind the building was a large field outlined with 30 foot or so high netting. I never noticed if there were distant marker in the field, but it was wide open and clear to wail away at golf balls. Rarely would I see anyone out there swinging at balls. At most, I had seen 3 people there are one time. Sometimes you’d go by and see someone getting a lesson but it was most desolate.
Last fall I noticed the faded sign had been removed and the grass started getting a little taller. It appeared they had gone out of business. Instantly I got an idea! What a perfect place for a family entertainment center. There was plenty of room outside of the driving range area to put in a mini golf course. The driving range could still be operable. Maybe add a portable climbing wall, and/or a bounce house. The building would be the perfect little open air restaurant to serve burgers and dogs.
Then I really started thinking. The annual July 4th fireworks were visible from this field. What a great promotional opportunity to throw a huge 4th of July party. Bring in a stage, have some live music, fun for the whole family.
So why not pull the trigger?? There is a pretty large initial investment required to build a mini golf course, not to mention renovating the old building to make it comply with health standards to serve food. Money is money. There is always a way to find money. My bigger concern is can I stay motivated to put it all together and then run it. With such a large investment, there would be a lot on the line. Can I stay that excited to build it and grow it, 3 years away, 5 years away, 10 years away? Also from some research I determined the land was most likely leased. The owner of the land was the local power company so I doubt they would be looking to sell. With a lease I could be at their mercy should they not renew the lease at some point in the future. Would they even allow permanent structures, like a mini golf course, be added to the land?
Maybe this would be better when I had some more personal capital to invest rather than rely on loans or investors. So what idea can I pursue instead to build that capital? Ask me in an hour, I’ll have a new idea.