Trevor Ng
GolfBoard is a fun alternative to riding a golf cart. It is a combination of an electronic snowboard and a golf cart, allowing golfers to traverse the course by manoeuvring the device while standing on it. GolfBoard offers a range of models, including the GolfBoard Pro, which is popular with commercial fleet buyers, and the standard GolfBoard, which is preferred by individual buyers due to its ease of transport and lower cost. The cost of a GolfBoard is not publicly available, but the company offers investment opportunities starting at $250 for a GolfBoard shareholder. The company also provides GolfBoards to courses with zero or minimal upfront costs, sharing the daily rental fees.
| Characteristics | Values |
|---|---|
| Speed | Low speed: 5 mph for commercial use boards, 7 mph for personal use boards. High speed: 10 mph for commercial use boards, 12.5 mph on flat terrain for personal use boards, up to 14 mph downhill. |
| Design | Designed with the lowest possible center of gravity, making it extremely stable and providing a surf-like experience. |
| Power | Driven by front and rear gear boxes providing power to all four wheels. |
| Control | Controlled using a one-touch thumb throttle. |
| Steering | The handlebar is purely for balance, and the rider must lean into turns to steer. |
| Safety | On-board computer monitors speed and controls braking. |
| Rental | Courses rent GolfBoards for an average of $375 per board per month, with the potential to increase to $750 per board per month. |
| Purchase | The GolfBoard Pro is popular with commercial fleet buyers, while the standard GolfBoard is preferred by individual buyers due to its lower cost. |
| Investment | GolfBoard offers an investment opportunity with a share price of $1.25, and fans can become shareholders for as low as $250. |
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What You'll Learn
GolfBoard rental costs
GolfBoard rentals are available at BOYNE Golf in Michigan. You can rent a GolfBoard for $30 per person at The Heather, The Moor, and Donald Ross Memorial courses. To reserve a GolfBoard, you can call the Ross Golf Center at 231.526.3028 or The Heather golf course at 231.526.3029. The Highlands course at BOYNE Golf also offers GolfBoards, allowing golfers to "surf the golf course" in a new way.
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GolfBoard purchase costs
GolfBoard by Sol Boards, Inc. is a fun alternative to riding a golf cart. It is a combination of an electronic snowboard and a golf cart that allows you to traverse the course by manoeuvring the device while standing on it, with your golf clubs in front of you.
The cost of a GolfBoard depends on the model. The lighter and smaller standard GolfBoard is the preference of many individual buyers because of its ease of transport and lower cost. The larger and higher-performance GolfBoard Pro model is proving to be popular with commercial fleet buyers. The latest GolfBoard models feature an all-new high-capacity battery pack with 48.8% more power than the original model and 12.2% greater power than the second-generation boards. These V1.3 GolfBoards are also more durable and easier to maintain and operate.
The company is also offering an investment opportunity to become a GolfBoard shareholder for as low as $250.
GolfBoard is also available for rent at some golf courses. The company shares the rental revenue 50/50 with its course partners, collecting $375 per board per month when rented on average of just once per day. The new GolfBoard Revenue Share Program can increase revenue up to $750 per board per month at an average rental frequency of twice per day.
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GolfBoard revenue share model
GolfBoard by Sol Boards, Inc. is a fun alternative to riding a golf cart. It is a combination of an electronic snowboard and a golf cart that allows golfers to traverse the course while manoeuvring the device in a standing position, with their clubs in front of them. GolfBoard won the Best New Product Award at the 2014 PGA Merchandising Show.
The company is planning to adopt a new revenue-sharing model that will produce sustainable high-margin recurring revenue for the company and its clients. Under this model, GolfBoard will provide its product to courses for zero or minimal upfront cost and then share the daily rental fees. The company believes that this business model will result in much higher profits over the long term, and it will be far easier to scale adoption as courses will not have to pay large upfront fees.
GolfBoard's revenue share model is capital intensive as the company will own the GolfBoards instead of the client. The company will collect $375 per board per month with an average rental frequency of once per day. Through the company's new revenue-share program, revenue can increase up to $750 per board per month at an average rental frequency of twice per day, potentially doubling the margin.
GolfBoard has proven to be popular with commercial fleet buyers, with many repeat clients choosing the larger and higher-performance model. The lighter and smaller standard GolfBoard remains the preference of many individual buyers because of the ease of transport and lower cost. GolfBoard has achieved many important milestones, proving its popularity and establishing its leadership position in personal mobility for golf.
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GolfBoard maintenance costs
The GolfBoard's 4-wheel-drive system reduces turf wear, with turf tires that are commonly found on standard golf course maintenance equipment. The weight of the GolfBoard and rider is approximately 800 pounds less than that of a golf cart, reducing soil compaction and turf stress. The smooth acceleration of the GolfBoard prevents turf-damaging burnouts.
The GolfBoard's ergonomic thumb throttle allows for smooth acceleration and deceleration, with an automatic rear axle parking brake that prevents the board from rolling away. The low centre of gravity of the GolfBoard provides stability and makes it easy for riders to step on and off the board.
While the exact maintenance costs for a GolfBoard are not publicly available, the company offers a variety of purchasing and leasing options for golf courses. The GolfBoard is expected to have lower maintenance costs than a traditional golf cart due to its efficient design and low-maintenance battery system.
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GolfBoard accessories costs
- GolfBoard Pro V1.3: This upgraded version of the GolfBoard features a wider and taller wheel and tire package, providing greater clearance and higher performance. The top speed is 14+ mph, making it a popular choice for those looking for a fast and fun ride. The cost of the GolfBoard Pro V1.3 is not specified, but it is likely to be higher than the cost of the original GolfBoard, which is $6,495.
- ResortBoard: The ResortBoard is designed for long rides, with carry-all baskets onboard. It has a range of up to 18 miles. The cost of the ResortBoard is not mentioned, but it may be comparable to the original GolfBoard price.
- CaddieBoard: The CaddieBoard is designed to carry your golf clubs in style. It is a useful accessory for caddies or golfers who prefer to have their clubs easily accessible. The price of the CaddieBoard is not provided.
- Pre-owned GolfBoards: GolfBoard offers fully inspected and refurbished pre-owned GolfBoards. These boards have undergone a complete suspension system overhaul and received new spring deck technology. The cost of these pre-owned GolfBoards is not available, but they may be a more affordable option.
- Battery Pack: GolfBoards are powered by a 50.4-volt lithium battery pack built into the base. The batteries require zero maintenance and can last for up to 3,500 rounds of golf. While the exact cost of a replacement battery pack is not mentioned, GolfBoard does state that the cost for a full recharge is approximately $0.10.
- Insurance: GolfBoard recommends adding GolfBoarding to your general liability insurance policy. SolBoards Inc., for example, has secured a $1 million general liability policy and a $1 million excess liability policy. The exact cost of these policies is unclear, but they are an important consideration when budgeting for GolfBoard accessories.
It is important to note that GolfBoard offers a variety of purchasing and leasing options, with financing available for most budgets. Interested parties can contact GolfBoard directly to inquire about specific accessory costs and explore the options that best suit their needs.
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Frequently asked questions
GolfBoard by Sol Boards, Inc. estimates that by sharing the rental revenue 50%/50% with its course partners, the company will collect $375 per board per month if the GolfBoards are rented on average once per day. This figure can increase to $750 per board per month if rented twice per day.
The cost of buying a GolfBoard depends on the model. The GolfBoard Pro, which is larger and higher-performance, is popular with commercial fleet buyers. The standard GolfBoard is cheaper and preferred by individual buyers due to its ease of transport and lower cost.
For as low as $250, individuals can become GolfBoard shareholders and help the company grow its company-owned inventory.
I could not find information on the cost of charging a GolfBoard. However, the V1.3 GolfBoard model has a higher-powered battery pack that delivers 48.8% more power than the original model and 12.2% greater power than the second-generation boards. This model consistently delivers 27 holes of usage on one charge on most courses.
