Monster Mini Golf franchise unit economics
Monster Mini Golf franchisees run indoor glow-in-the-dark mini golf venues that sell admissions, arcade play, birthday parties and corporate events, with bowling, laser tag or a laser maze at some sites.
Monster Mini Golf in the news
- Funovation adds Laser Maze to Monster Mini Golf · InterGame ·
- Monster Mini Golf expands with new Washington location · InterGame ·
Each Monster Mini Golf headline above is the publisher's own and links to the publisher. Averan Advisors checked these Monster Mini Golf links on 11 October 2026. Franchise news lists news on 95 franchise brands. Monster Mini Golf is in the Indoor Recreation franchise guide.
Monster Mini Golf franchise at a glance
Monster Mini Golf’s 27 reporting outlets had EBITDA of 19.23% of revenue in 2025 on Averan’s total of the FDD’s outlet figures. Monster Mini Golf’s FDD prints EBITDA for each outlet as gross profit less operating expenses, including payroll, rent and royalties, and does not define the term further.
Monster Mini Golf franchisees averaged $985,185 of sales in 2025, with a median of $926,623, according to Item 19 of Monster Mini Golf’s 2026 FDD, issued 8 April 2026. The 27 in that group are 79%* of Monster Mini Golf’s 34 locations. Fees paid to Monster Mini Golf come to about 9.15%* of sales.
- A Monster Mini Golf franchise costs $891,500 to $1,563,500 to open, including a $60,000 initial franchise fee, according to the brand's 2026 FDD.
- Monster Mini Golf charges a royalty of 7% of sales and a 2% brand fund contribution.
- At the average Monster Mini Golf location, wages took 25.24%, rent and space costs took 21.28% and cost of goods took 10.53% of sales.
- Work out Monster Mini Golf's fees at your own sales with the minimum fee calculator.
These figures come from Monster Mini Golf's 2026 Franchise Disclosure Document, as the brand reported them, and were read by Averan Advisors.
From the 1 October 2026 filing
- The Monster Mini Golf FDD renewed in Minnesota October 1, 2026 adds a state cover page risk titled Unopened Franchises, about franchise agreements the franchisor has signed with franchisees who have not yet opened. (State Cover Page, PDF page 4)
- The Monster Mini Golf FDD renewed in Minnesota October 1, 2026 says California has determined that the franchisor, Monster Entertainment, LLC, has not demonstrated it is adequately capitalized and/or that it must rely on franchise fees to fund its operations. (California addendum, PDF page 127)
- The Monster Mini Golf FDD renewed in Minnesota October 1, 2026 says California requires Monster Entertainment, LLC to defer all initial fees from California franchisees until it has completed its pre-opening obligations and the franchisee is open for business. (California addendum, PDF page 127)
- The Monster Mini Golf FDD renewed in Minnesota October 1, 2026 defers the initial franchise fee for Minnesota franchisees until the franchisee has opened. (Minnesota amendment, PDF page 197)
- The Monster Mini Golf FDD renewed in Minnesota October 1, 2026 adds a Minnesota risk that the primary trademark used in the business is not federally registered. (Minnesota amendment, PDF page 197)
Each line above names the Monster Mini Golf Franchise Disclosure Document (FDD) it comes from, with the Item and the page of the PDF it appears on. Averan Advisors read the Monster Mini Golf filing on 11 October 2026.
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Talk to Averan → Move your books and accounting to Averan →- Wages and rent together take 46.52% of revenue. That is 25.24% and 21.28% across the 27 Monster Mini Golf outlets*, 2.4 times the 19.23% that reaches the profit line.
- Wages run from 15.43% to 45.12% of revenue. That is a 29.7-point range across the 27 outlets *, worth $292,501 a year at the average outlet, the widest line in the system.
- Food and beverage is 1.35% of revenue. That is $366,892 across 28 outlets against $15,536,676 of admissions and $6,120,389 of arcade *. This venue sells time and play.
- Four of the 27 outlets earned under 10% at the profit line. Their margins were 6%, 7%, 2% and 1% against a high of 35%*, and the lowest-selling kept $3,723 on $556,495 of revenue.
- The build is 0.90 to 1.59 times a year’s revenue. That is $891,500 to $1,563,500 against an average of $985,185 *, the lightest entry in indoor recreation, paying back in 4.71 to 8.25 years.
How much does a Monster Mini Golf franchise make?
The average Monster Mini Golf unit reported $985,185 of revenue in the 2026 FDD, and the median reported $926,623. The brand’s disclosure document puts EBITDA at 19.2% of revenue. Fees come off the top first, at about 9.2% of sales across royalty, brand fund and the rest of the stack. Revenue is not income. Rent, wages, cost of goods and the franchise fees all come out before an owner is paid. The figures for the highest-selling and lowest-selling businesses are below.
Revenue mix and seasons
Revenue by category, 2025
| Category | Revenue | Share * | At the average outlet * |
|---|---|---|---|
| Admissions | $15,536,676 | 57.31% | $564,593 |
| Arcade | $6,120,389 | 22.58% | $222,411 |
| Parties | $3,847,270 | 14.19% | $139,807 |
| Events | $1,067,836 | 3.94% | $38,805 |
| Food and beverage | $366,892 | 1.35% | $13,333 |
| Retail | $174,878 | 0.65% | $6,355 |
| Total | $27,110,665 | 100% | $985,185 |
The category totals are as the brand reported it and the share and per-outlet columns are marked *.
Admissions and arcade together are 79.89% of revenue. That is $21,657,065 of the $27,110,665 *. The business is time on the course and tokens in the machines.
Parties and events are 18.13% and food is 1.35%. That is $4,915,106 against $366,892*, so a party here is a booking, which is what keeps cost of goods at 10.53%.
Revenue by month, 2025
| Month | Share of the year | Against an even month * | At the average outlet * |
|---|---|---|---|
| July | 12% | 1.44× | $118,222 |
| August | 11% | 1.32× | $108,370 |
| June | 10% | 1.20× | $98,518 |
| March | 9% | 1.08× | $88,667 |
| October | 8% | 0.96× | $78,815 |
| November | 8% | 0.96× | $78,815 |
| January, February, April, May, September and December | 7% each | 0.84× | $68,963 each |
The monthly shares are as the brand reported it and the index and dollar columns are marked. We compared each month to an even 8.33% and applied the share to the average outlet’s revenue.
June, July and August take 33% of the year. That is $325,111 at the average outlet *, against 21% across the three lowest-selling months.
The peak month is 1.71 times the lowest month. That is 12% against 7%* at an indoor venue that does not depend on the weather.
Top performers
What separates the top Monster Mini Golf performers
Monster Mini Golf publishes a range for its outlets instead of grouped averages. The highest-selling of the 27 Monster Mini Golf outlets with published statements had $2,082,263 of total sales in 2025. The lowest-selling Monster Mini Golf outlet in that group had $556,495. Both run the same brand, on the same agreement, paying the same fees. The middle location sold $926,623. The average was $985,185. More than half the system is below the number the brand quotes.
Decided before you open
- Capacity.Locations run 8,200 to 21,000 square feet. The build sets how much you can sell.
- Opening cost range.Opening costs $891,500 to $1,563,500, a 1.8× range inside one brand.
- Lease cost.Occupancy cost ran 21.3% of sales in this filing. Rent stays the same when sales fall, so it takes a larger share of sales at lower-selling locations.
Live operating levers
- Wages.Wages take 25.2% of sales, against EBITDA of 19.2%. The levers at Monster Mini Golf are staff productivity and scheduling staff against demand hour by hour.
- Occupancy cost.Rent and building costs take 21.3% of sales here. The rent is fixed when the lease is signed, so this share falls only as sales per square foot rise.
- Sales depend on admissions.The doors are open whether anyone comes or not, so the owner works on how many come through in an open hour and what each spends beyond the ticket.
- Fees.Fees run about 9.2% of sales. Monster Mini Golf sets no minimum royalty, so its 7% royalty and 2% marketing fund contribution rise and fall with sales. Monster Mini Golf’s technology fee is a set $1,500 a year.
Context you underwrite around
- Locations included.These figures cover 27 of 34 locations. Monster Mini Golf left out outlets that were not open all of 2025 and one outlet that changed owner. The 27 include 3 outlets owned by Monster Mini Golf’s affiliates.
Profit and loss by location
Combined outlet income statements, 2025
Very few filings do this. Every named outlet appears with its own income statement, so the system can be added up.
| Line | All 27 outlets | Share of revenue | Average outlet | Lowest share at any outlet | Highest share at any outlet |
|---|---|---|---|---|---|
| Total income | $26,600,001 | 100% | $985,185 | n/a | n/a |
| Wages | $6,714,866 | 25.24% | $248,699 | 15.43% | 45.12% |
| Rent | $5,659,179 | 21.28% | $209,599 | 11.23% | 31.05% |
| Cost of goods sold | $2,802,296 | 10.53% | $103,789 | n/a | n/a |
| Royalties | $2,238,072 | 8.41% | $82,892 | 5.99% | 9.86% |
| Other expenses | $1,192,318 | 4.48% | $44,160 | n/a | n/a |
| Utilities | $905,453 | 3.40% | $33,535 | n/a | n/a |
| Advertising and promotion | $549,565 | 2.07% | $20,354 | n/a | n/a |
| Repairs and maintenance | $538,683 | 2.03% | $19,951 | n/a | n/a |
| Insurance | $490,989 | 1.85% | $18,185 | n/a | n/a |
| Professional fees | $198,865 | 0.75% | $7,365 | n/a | n/a |
| Computer and internet | $103,180 | 0.39% | $3,821 | n/a | n/a |
| Software and apps | $91,337 | 0.34% | $3,383 | n/a | n/a |
| profit | $5,115,200 | 19.23% | $189,452 | 1% | 35% |
Every per-outlet figure is as the brand reported it; the totals, the shares and the average column are marked *, adding the 27 published statements.
The average outlet keeps $189,452 of EBITDA and the median $171,020 *. That is on revenue of $985,185 and $926,623*, so a typical Monster Mini Golf outlet earns about a fifth of what it bills.
Revenue runs 3.74 times from top to bottom and profit runs 178 times. Revenue runs $2,082,263 against $556,495, and profit $663,853 against $3,723*.
Rent alone moves by 19.8 points of revenue. It runs from 11.23% to 31.05%*, or $110,636 to $305,900 at the average outlet’s revenue, and it is the one line fixed at the lease.
The royalty line runs 8.41% of revenue in aggregate. The stated royalty rate is 7%, falling to 6.5% for an owner of three or more outlets*, and individual outlets take 5.99% to 9.86%, so this line appears to hold more than the royalty alone.
Discounts available
- Monster Mini Golf charges $55,000 per outlet for two franchise agreements signed together, $45,000 for 3 to 5, $40,000 for 6 to 9 and $35,000 for 10 or more, versus $60,000 for one.
- Monster Mini Golf takes $5,000 off the first outlet's fee for honorably discharged veterans.
- Monster Mini Golf may discount the fee for existing franchisees signing a second or later franchise agreement.
From Item 5 of the Monster Mini Golf 2026 FDD. The costs on this page use the full initial franchise fee for one unit, before any discount.
What the fees come to
Royalty and marketing fees
The royalty is 7% of gross sales, dropping to 6.5% for an owner of three or more. The marketing fund takes 2% and local advertising requires at least 2% more. Technology is $1,500 a year.
| Revenue | Royalty at 7% | Marketing fund at 2% | Local advertising at 2% | Technology | Paid to the brand | Share of revenue |
|---|---|---|---|---|---|---|
| $2,082,263, the highest outlet | $145,758 | $41,645 | $41,645 | $1,500 | $188,903 | 9.07% |
| $985,185, the average outlet | $68,963 | $19,704 | $19,704 | $1,500 | $90,167 | 9.15% |
| $926,623, the median outlet | $64,864 | $18,532 | $18,532 | $1,500 | $84,896 | 9.16% |
| $556,495, the lowest outlet | $38,955 | $11,130 | $11,130 | $1,500 | $51,585 | 9.27% |
The 7% royalty, the 6.5% rate for owners of three or more outlets, the 2% marketing fund, the at-least-2% local advertising requirement and the $1,500 annual technology fee are as the brand reported it. The revenue figures come from the filed per-outlet statements and every dollar amount is marked *. Local advertising is spent by the owner and is not in the amount paid to the brand.
The fees paid to the brand are 9.07% at the largest outlet and 9.27% at the smallest. The Monster Mini Golf schedule is two flat percentages and one small fixed fee*.
At the average outlet the fees paid to the brand take 47.6% of profit. That is $90,167 against $189,452*. The owner also spends $19,704 on local advertising.
A third outlet lowers the royalty on all three. The cut is half a point on every outlet an owner holds*, worth $14,778 a year across three average outlets.
Building the venue
Cost to open against revenue and profit
| Measure | Low build, $891,500 | High build, $1,563,500 |
|---|---|---|
| Against the average outlet’s $985,185 of revenue | 0.90× | 1.59× |
| Against the median outlet’s $926,623 | 0.96× | 1.69× |
| Years to return at the average $189,452 of profit | 4.71 | 8.25 |
| Years to return at the median $171,020 | 5.21 | 9.14 |
| Years to return at the top outlet’s $663,853 | 1.34 | 2.36 |
The $891,500 to $1,563,500 investment range and the revenue and profit figures are as the brand reported it; every comparison here is marked *.
Monster Mini Golf costs $891,500 to build at the low end. That compares with $1,492,800 at Slick City, $2,105,000 at Altitude Trampoline, $2,852,887 at Urban Air and $3,246,160 at Sky Zone *.
Ten outlets cost $350,000 in fees against $600,000 for ten taken one at a time. That is $35,000 each against $60,000 *, a 41.7% discount for committing to the tenth.
Outlets opened and closed, 2023 to 2025
| Year | Franchised at start | Franchised at end | Net change | Company and affiliate | Total | Franchised share * |
|---|---|---|---|---|---|---|
| 2023 | 20 | 24 | +4 | 2 | 26 | 92.3% |
| 2024 | 24 | 25 | +1 | 3 | 28 | 89.3% |
| 2025 | 25 | 34 | +9 | 3 | 37 | 91.9% |
Outlet counts are as the brand reported it and the franchised share is marked *.
Questions we get asked
Questions owners ask.
How much does a Monster Mini Golf franchise make?
Monster Mini Golf franchisees averaged $985,185 of sales in 2025, with a median of $926,623, according to Item 19 of Monster Mini Golf’s 2026 FDD, issued 8 April 2026. The 27 in that group are 79%* of Monster Mini Golf’s 34 locations. Fees paid to Monster Mini Golf come to about 9.15%* of sales.
What does a Monster Mini Golf outlet bill?
Across the 27 outlets with published statements, total sales was $26,600,001, an average of $985,185 and a median of $926,623, ranging from $556,495 to $2,082,263.
What does an outlet keep at Monster Mini Golf?
The 27 Monster Mini Golf outlets made $5,115,200 of EBITDA between them, which is 19.23% of revenue, or $189,452 at the average outlet and $171,020 at the median, all Averan calculations from the outlet figures. Individual margins run from 1% to 35%, and four outlets came in under 10%.
Where does the money go at Monster Mini Golf?
At Monster Mini Golf, wages take 25.24% of revenue, rent 21.28%, cost of goods 10.53%, royalties 8.41%, other expenses 4.48%, utilities 3.40%, advertising 2.07%, repairs 2.03%, insurance 1.85%, professional fees 0.75%, computer 0.39% and software 0.34%. Wages run from 15.43% to 45.12% across outlets and rent 11.23% to 31.05%.
What does the revenue come from at Monster Mini Golf?
Admissions bring 57.31% of revenue, arcade 22.58%, parties 14.19%, events 3.94%, food and beverage 1.35% and retail 0.65%. Admissions and arcade together are four fifths of the till, and food is close to a rounding error.
What fees does Monster Mini Golf charge?
Monster Mini Golf charges a 7% royalty, falling to 6.5% for an owner of three or more outlets, a 2% marketing fund contribution that may rise to 4%, at least 2% of gross sales on local advertising, and $1,500 a year for technology. At the average outlet the royalty, marketing fund and technology fee paid to the brand total $90,167, or 9.15% of revenue.
How much does a Monster Mini Golf franchise cost to open?
A Monster Mini Golf outlet costs $891,500 to $1,563,500 to open, which is 0.90 to 1.59 times what an average outlet bills in a year and the lowest entry cost in this category. At the average profit, the build pays back in 4.71 to 8.25 years. The franchise fee is $60,000 for one outlet and steps down to $35,000 each at ten or more.
- The filing gives no attainment figure. The filing does not say how many locations reached the average it publishes.
Questions worth putting to Monster Mini Golf
These are questions the Monster Mini Golf filing leaves open. An owner or a buyer can put them to Monster Mini Golf directly.
- Is the profit figure in Item 19 before or after owner pay, and how many locations sit below it?
- Which factors does Monster Mini Golf see in its highest-selling locations, such as trade area, years open and size?
- How long does a new location take to reach the average you publish, and what does the build-up look like month by month?
- At what level of sales do the minimum charges stop applying and the percentage take over?
- How many Monster Mini Golf locations closed, were sold, or changed hands last year, and why?
Run your own numbers.
The Franchise Numbers Check runs the same checks on your own numbers. It scores where you stand and compares you with Item 19 of your brand’s FDD. It works out what one location earns and spends, and builds a 13-week cash forecast. Checks whether you are ready to open another one. It is free and it runs in your browser.
Launch the diagnostic →Where does your outlet sit in the 27?
We review your unit economics and cash forecast and build your reporting around wages against the 25.24% benchmark, rent against 21.28%. and EBITDA against 19.23%.
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Monster Mini Golf reads against the rest of the play and party venues group: Pump It Up.
Questions owners ask next
The figures above raise these, and each one is answered on its own page.
- At what level of sales does a minimum fee stop costing me more than the percentage?It works out the sales level where a minimum fee stops applying.
- How much cash do I fund before a new location covers its own costs?It builds a 13-week forecast for the months before break-even.
- My payroll percentage keeps climbing. Is that a payroll problem?It shows how to tell whether payroll is rising or revenue is falling.
- What does this location earn on the money I put into it?It works out the payback period and cash-on-cash return for one unit.
- How much of Item 19 can I rely on?It explains what an Item 19 financial performance representation tells you and what it leaves out.
Where these figures come from.
Every figure here comes from Monster Entertainment, LLC’s 2026 FDD and is unaudited by us. We are unaffiliated with the brand. Calculations of our own are labeled where they appear, the figures describe past performance at other businesses and are not a projection of yours. This page is an educational summary. It is not an offer to sell a franchise, and it is not financial, legal or tax advice. Monster Mini Golf® is a registered trademark of its owner. How Averan reads a Franchise Disclosure Document.
These figures come from the brand's disclosure. They are not a forecast, an offer to sell a franchise or advice. Source: Monster Entertainment, LLC, 2026 Franchise Disclosure Document, issued 8 April 2026.