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Oct 3, 2023Liked by Jared Doerfler

Hey Jared- great post! Curious more so on how you're estimating the total market here? I'm thinking about it in terms of # of driving ranges and # of bays / range. My estimates suggest ~1k ranges (times) 35 bays / range = 35,000 bays in total. This would imply ~40% share of the market thus far.

Just trying to better square the math between your 3% and my 40%. A total beginner to the industry so might be completely off base here. Let me know what you think.

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Jared - Thanks for the post. Interesting to learn more about the Toptracer business model. I am curious about your Bay View Golf Course example. A 22% increase on $38k of monthly revenue is $8,360/month in additional revenue. When you subtract the $7,600 monthly cost they're only netting an additional $760 per month which means a 10% ROI. Not bad, but nothing to write home about either. I'm by no means a driving range operator so perhaps there are limited options to invest and increase revenue, but it didn't seem to be that impressive of a return to me. Thoughts?

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