<\/p>\n
I<\/b>t was a long journey, but after looking at about 80 swaths of real estate nearly a decade ago, the team behind Five Iron Golf<\/a> was finally able to persuade a landlord that real golf balls hit in an enclosed space where alcohol was served was a good idea.<\/p>\n In the eight years since the first Five Iron launched in NYC, co-founder Mike Doyle says he has observed a \u201cserious surge\u201d in indoor golf, particularly in downtowns. Doyle says Five Iron now leans into that setting, where most of its 40 venues are located.<\/p>\n In the last three years, Minneapolis\u2019 North Loop has seen the debut of Five Iron (on Washington near N. 7th St.), Puttery<\/a> (Washington at Hennepin), and most recently, Puttshack<\/a> (on N. Third St. near Target Field). Five Iron is a simulator-based driving range, while the competitors are techy indoor mini golf, plus food and alcohol.\u00a0<\/span><\/p>\n <\/p>\n \u201cBy and large,\u201d Doyle adds, \u201cwe want to be known as a great sports bar you can come to off the street, watch the game, and never touch a club.\u201d\u00a0<\/span><\/p>\n Golf requires acreage, is expensive, and can be hard for city dwellers to access. A new generation of outdoor driving ranges (see Topgolf<\/a> and Launchpad<\/a>) is one approach, but locally they\u2019re on the periphery. Indoor golf is for the after-work crowd and on late nights and in winter.\u00a0<\/span><\/p>\n \u201cWe essentially are able to amenitize buildings for landlords. We get favorable rent deals because [landlords] want to attract office tenants and we\u2019re a way they can do that.\u201d<\/p>\n \u2014Mike doyle, co-founder, Five Iron Golf<\/i><\/b><\/p>\n<\/blockquote>\n Finding adequate real estate can be a challenge, Doyle says. Around 5,000\u201325,000 square feet is required, with a 10-foot ceiling. Five Iron has up to 15 bays at each location.<\/p>\n \u201cWe essentially are able to amenitize buildings for landlords,\u201d Doyle explains. \u201cWe get favorable rent deals because [landlords] want to attract office tenants and we\u2019re a way they can do that.\u201d<\/p>\n \u201cWe need locations that are pretty unique,\u201d Doyle continues. \u201cThe options in cities are relatively limited.\u201d<\/p>\n Five Iron uses Trackman, a radar device that tracks ball activity and provides real-time feedback to players. Three cameras are set up at each bay so players can analyze their strokes. The simulator offers more than 400 actual courses.<\/p>\n <\/p>\n The business is built around revenue streams, from memberships to hourly rentals, leagues to lessons, plus F&B. A basic golf bay rents for $65\/hour for up to six people.<\/p>\n<\/p><\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source tcbmag.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" It was a long journey, but after looking at about 80 swaths of real estate nearly a decade ago, the team behind Five Iron Golf was finally able to persuade a landlord that real golf balls hit in an enclosed space where alcohol was served was a good idea. 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