In 2015, 2.2 million people tried golf for the first time. That is a lot of people and a lot of money to be made. If you are interested in cashing in on that market, why not consider a golf franchise? Golf is more affordable than ever for consumers, which helps explain why more people are trying the sport. The market for a golf-related franchise is big, making it a great opportunity for an entrepreneur with a love of the sport or a background in golf.
By 2020, revenues of golf courses in the U.S. are projected to reach $22.38 billion.
SOURCE: Statista; US Census Bureau
Since spring 2017, 25.95 million people played golf in the United States.
SOURCE: Nielsen Scarborough
The golf economy in the United States has an estimated size of about $70 billion.
About 24.72 million people in the United States play golf at least occasionally.
SOURCE: Outdoor Foundation
Statista; US Census Bureau
There are many types of golf franchises to consider when you are ready to pursue this opportunity. From driving ranges to indoor facilities, from stores selling golf products to specialty services such as lessons, there is a golf-related franchise business that can thrive in the right area. No matter what kind of golf-related franchise opportunity appeals to you and consumers in your area, you will be able to take your love of golf to the next level by making it your career.
The number of committed golfers, as well as beginning golfers and those who are interested in taking up the game, have remained strong, according to the National Golf Foundation. That good news is just one of the reasons why an entrepreneur should consider golf franchises. Not only do golf franchises come in many sizes and with many different focuses to appeal to golf enthusiasts of all stripes, but also a golf franchise allows an entrepreneur with a love of the greens to parlay his passion into a career.
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