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Off-course golf entertainment is a booming industry, and for good reason. The guy we all know and love combines two things: hanging out and casual sports fun. Is there anything better than hitting a golf ball into the air while enjoying a refreshing beer with friends? Really, there's not much to it.
The golf and family entertainment market has really taken off in recent years, with driving ranges and family entertainment centers now valued at $16.7 billion in the United States alone. Family and entertainment center revenues are expected to reach $21.05 billion in 2021 and $37.58 billion by 2026. This is a significant growth (78.5% to be exact).
And literally tons of peeps are joining in on this trend. In fact, currently the number of off-course golfers is 15.5 million, a staggering number that will actually exceed the number of on-course golfers by 2022.
Needless to say, the off-course experience attracts a very diverse and engaging audience. 45% of off-course golfers are women, and 27% of new golfers are between the ages of 18 and 34. Everyone wants to be part of the fun.
That's why GolfSuites is working to build the next phase of the industry.
They are reinventing off-course golf with their meticulous attention to detail and strong commitment to quality. This includes a top-notch food and drink menu with local influences. Professional golf ball. And coaching options to help you actually clean up your swing. The truth is, these are not your average fairways.
They are building amazing facilities such as:
- Driving range of over 250 yards
- Simulated green spaces and dangerous areas
- Ball flight and tracking within 3-4 inches
- Restaurants, bars, and even live music
There's a reason why Kevin Harrington does that (yes, that From Kevin Harrington shark tank) Partnered with GolfSuites.
These serve as accessible, more sophisticated family fun centers where novice golfers can enjoy themselves and advanced golfers can improve their game. Plus, it also serves as a super fun spot for non-golfers to just hang out, enjoy a meal, and chat with friends to the soothing sound of the clubs.
That is why it is attracting attention as an investment opportunity with great potential. These locations are highly profitable and the market is already huge and continues to grow. People want to play golf and go to entertainment venues. Oh, and GolfSuites has a clear differentiator from its competitors that could help it capture a lot of market share.
FYI: There are more than 444 cities in the United States alone with populations over 75,000 that can support a 40-bay GolfSuites location. Open in more places, with higher margins, and faster. GolfSuite is looking to expand in a big way.
We will contribute to building the future of golf entertainment.