This $650K/Year Business Should Be Everywhere (But It’s Not)

Lake Taupo Hole in One ChallengeTourist Attraction $650,000 estimated annual revenue

A tourist attraction on Google Maps in New Zealand…

Lake Taupo Hole in One Challenge… Scenic spot where visitors aim at a floating golf target with a chance to win a hole-in-one prize.

Chris Koerner posts on YouTube …

What a brilliant business idea: they will pay you $10,000 if you get a hole in one on their 110-yard floating green…

An amateur golfer has a one in 12,000 chance of making a hole in one on a par three like this one, and this company has said that they pay out $10,000 every two weeks, which means they have 26 hole-in-ones every year…

But that one in 12,000 number is for an amateur golfer, not a casual golfer, which most of their customers are. I would bet it’s more like one in 20,000.

And if the average customer hits 20 balls for about 20 bucks, it means their topline revenue is about $650,000, and this place is making a net profit of $200,000 to $300,000 per year.

These should be all over America. All you need is a wooden kiosk, a floating tea, and some permission.

Why not start a business where math is on your side?