Fern
Elite Member
- Sep 30, 2003
- 26,907
- 174
- 106
The SCORE (I was saying SBA above when I meant Service Core Of Retired Eexecutives) is there to help. They are staffed by retired biz exec's; you only need call to set-up an appointment to get started.
A large type book store will have helpful resources in the business section. Starting your business has been a very popular topic, thus there's lot's of stuff around.
I'm sure if you googled you could find info too.
If you get a biz plan like I describe above (and the SCORE will help, they can probrably give you a free outline to complete your biz plan) you may be able to find a partner. If you can get the land under a lease/purchase option your initial capital requirments will be minimized making it easier to find a partner to help you meet the SBA requirment.
You might also google around about driving ranges. Look for two things:
1. Driving ranges for sale. Often there are business brokers who specialize in certain businesses. Otherwise there are brokers who take any business in their area. The point is to get an idea what they are worth and how they are valued (e.g., a multiple of the net revenue). If you can buy something already functioning for $XX, no need to go out and biuld your owm from scratch if it's gonna cost 2 x $XX.
(Note, if any driving range biz own's the land, disregard the land value when looking at the biz. Land is seperate and valued by a real estate appraiser)
2. Look for any national group(s) established for driving range businesses. Something like the National Organization of Golf Driving Ranges (I made that name up). Many industries have a national organization that helps them get started or operate more effectively or lobby the gov for stuff.
Lastly, if you can "make friends" with somebody who started their own driving range business that could be enormously helpful. Anytime you do something for the first time you're gonna learn from it, you're always gonna make mistakes. Getting advice can really help you avoid unneccessary mistakes and do the thing more efficiently (less $'s)
Feel free to PM me with any questions.
Fern
A large type book store will have helpful resources in the business section. Starting your business has been a very popular topic, thus there's lot's of stuff around.
I'm sure if you googled you could find info too.
If you get a biz plan like I describe above (and the SCORE will help, they can probrably give you a free outline to complete your biz plan) you may be able to find a partner. If you can get the land under a lease/purchase option your initial capital requirments will be minimized making it easier to find a partner to help you meet the SBA requirment.
You might also google around about driving ranges. Look for two things:
1. Driving ranges for sale. Often there are business brokers who specialize in certain businesses. Otherwise there are brokers who take any business in their area. The point is to get an idea what they are worth and how they are valued (e.g., a multiple of the net revenue). If you can buy something already functioning for $XX, no need to go out and biuld your owm from scratch if it's gonna cost 2 x $XX.
(Note, if any driving range biz own's the land, disregard the land value when looking at the biz. Land is seperate and valued by a real estate appraiser)
2. Look for any national group(s) established for driving range businesses. Something like the National Organization of Golf Driving Ranges (I made that name up). Many industries have a national organization that helps them get started or operate more effectively or lobby the gov for stuff.
Lastly, if you can "make friends" with somebody who started their own driving range business that could be enormously helpful. Anytime you do something for the first time you're gonna learn from it, you're always gonna make mistakes. Getting advice can really help you avoid unneccessary mistakes and do the thing more efficiently (less $'s)
Feel free to PM me with any questions.
Fern
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