WEBVTT
00:00:03.680 -->
00:00:11.599A key realization of ours early on, we had a lot of franchisees come in and say, hey, can I open up a backdon with a restaurant inside?
00:00:11.599 -->
00:00:14.640And our answer has always been no, that's not our model.
00:00:14.640 -->
00:00:16.000It complicates things.
00:00:16.000 -->
00:00:18.079Square footage gets bigger.
00:00:18.079 -->
00:00:20.000We want to keep a small footprint.
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00:00:24.239And again, we're attracting the avid golfer that wants to improve.
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00:00:38.880Not to say that you can't come there one night and enjoy the games that are on the simulator or the courses that are there or just improve the game there, but that's the business model that we identified early on and tested here locally, and uh it worked.
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00:00:49.520Welcome to Retail Intel, the podcast dedicated to spotlighting the most innovative and rapidly growing brands in the retail sector.
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00:01:03.439I'm your host, Brian Sheehan, and I'm thrilled to guide you through the dynamic world of commercial real estate, where we explore the latest trends, groundbreaking concepts, and the stories behind today's most successful retail businesses.
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00:01:18.879On this episode, I'm excited to welcome Brady Carlsen, co-founder and chief operating officer of the Back Nine Golf, a fast-growing indoor golf concept that's redefining accessibility and convenience for golfers everywhere.
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00:01:31.359Brady and his team have built a model that combines cutting-edge technology with a unique approach to ownership and customer experience, making golf more flexible and inclusive than ever before.
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00:01:44.319The Back Nine Golf launched in 2021 and has scaled rapidly, now boasting nearly 80 locations nationwide, and recently celebrated the sale of its 100th franchise.
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00:01:57.760Their concept offers 24/7 access, a BYOB model, and a semi-passive ownership structure. All powered by full swing technology for an authentic golf experience.
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00:02:06.879I'm eager to dive into Brady's journey, the inspiration behind the Back Nine Golf, and how they're shaping the future of golf accessibility.
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00:02:10.400Brady, welcome to Retail Intel.
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00:02:11.199How are you doing?
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00:02:12.080Doing well.
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00:02:13.039Thanks for having me on.
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00:02:14.400Yeah, thanks for joining.
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00:02:17.520And I always like to start with uh background.
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00:02:23.520Can you share about your career journey and what led you to co-found the Back Nine Golf?
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00:02:25.039Yeah, absolutely.
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00:02:29.120Uh my career journey has been somewhat maybe atypical.
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00:02:30.719Never really knew what I wanted to be.
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00:02:36.159You know, I thought I wanted to be a doctor, and so I started going to school to become a doctor, go to medical school.
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00:02:44.240And uh I'd served a two-year mission in Argentina, and so you know, when you're going to medical school, the degree doesn't really matter.
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00:02:48.560And so I actually got a Spanish degree with a pre-med emphasis.
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00:02:53.199And once I graduated, all through college, I started my own window washing company.
00:02:53.199 -->
00:03:02.080I had an experience early on in my career where I was going to school, needed a job, and had no idea what I wanted to do.
00:03:02.080 -->
00:03:04.319I ended up getting a job at Golden Corral.
00:03:04.319 -->
00:03:11.599And I was working, you know, you're making $2 an hour plus tips, and I wasn't making any tips.
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00:03:13.199I was terrible at the job, probably.
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00:03:13.919I don't know.
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00:03:22.560The only tip that I remember that I got was somebody had left and they'd left a piece of paper on the table that said, Here's your tip: don't eat yellow snow.
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00:03:24.000And that was my clue.
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00:03:26.560I was not gonna be doing that much longer.
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00:03:36.080So I quickly quit that and uh went to Home Depot with a friend and bought some squeegees, and then we started knocking doors and started our own window washing company.
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00:03:54.000And we thought we were just you know in heaven because we were making you know $15, $20 an hour at the time, and uh it was just you know fun because it was our business, and so that's kind of where my first entrepreneurial journey started, and you know, I haven't looked back since.
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00:03:59.520I've started other companies that haven't been successful, and you know, it was just a fun learning experience.
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00:04:00.639I loved the challenge.
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00:04:03.759Fast forwarding a few years, I moved to St.
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00:04:10.879George, and at the time I was working in the senior care industry, and it wasn't as sexy as I wanted it to be.
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00:04:19.279You know, I just wasn't happy, and so I knew I needed a career change, so I jumped into another type of franchise business called Weather Skin.
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00:04:25.040It was out of Canada and bought the territory rights for southern Utah and knew nothing about construction.
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00:04:35.920Went to the local home builders association here and got my construction management license, my contractor's license, and just started again knocking doors, trying to figure it out on my own.
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00:04:38.160A couple years into it, I decided, hey, this isn't for me.
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00:04:39.680So I sold the business.
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00:04:46.079And right at that time, I had a neighbor approach me and say, Hey, I've got this membership over the Back Nine.
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00:04:47.519Do you want to come hang out with us?
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00:04:52.800And so 10 o'clock at night, a group of guys went over the Back Nine, walked in, and man, this is cool.
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00:04:54.240You know, we're just golfing.
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00:05:05.519And at the time I was I was golfing maybe three or four times a year for work, and I left, and and then a couple weeks later, that same individual that invited me over said, Hey, did you know that this is for sale?
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00:05:07.199Are you interested in buying it?
00:05:07.199 -->
00:05:11.120And so that's you know, my desire to kind of do my own thing.
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00:05:16.160That entrepreneur and me kicked in there and uh started evaluating the business.
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00:05:25.360It was pretty much breaking even at the time, but it was so cool to me that you didn't need any employees, that I could still do my full-time job and do it.
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00:05:34.879I called friends and family, and every one of them said, it's a flawed business model, don't do it, except for one, Tyler Bingham.
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00:05:39.600He was a coworker of mine at the time and you know, a young kid just looking to do his own thing as well.
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00:05:43.199And we jumped in with both feet and just started learning the business quickly.
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00:05:46.079Um, I was the only one here with boots on the ground.
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00:05:49.680So I was going over the facility every day, managing it.
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00:05:56.560And after a couple months of putting our own money in, we turned it around and it just started taking off the concept.
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00:05:58.240You know, it was fairly new at the time.
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00:06:02.000As you can imagine, indoor golf, people, you know, what is golf simulation?
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00:06:03.600And that was kind of my experience with it.
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00:06:09.759I walked in and I didn't know what a you know simulator was, other than maybe used when you go get a golf fitting.
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00:06:28.720And so from there we just it was just all fun from there because it was golf, it was fairly low risk because we still had our full-time jobs and uh we were making money on this side gig type thing, and so that's kind of my background and journey into the Back Nine Golf.
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00:06:29.360It was fun.
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00:06:30.560That's so incredible.
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00:06:37.600I mean, I had my first indoor golf experience this year, and a couple things that really stood out.
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00:06:48.879One, just you know, how fun it is, two, how realistic I felt like the experience was compared to you know outdoor golf on a course.
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00:06:55.759And I'm noticing, you know, there's a lot of competition in this space now, or at least there's like growing competition in the space.
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00:06:58.079So what are some of the things you mentioned?
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00:07:07.439You know, it's a kind of a passive, uh semi-passive type of business, but what are some of the things that make the Back Nine Golf stand out in this space?
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00:07:12.959Yeah, initially early on, we were selling this as a semi-passive business because that's how we were running it.
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00:07:16.319I had a full-time job and I was doing it on the side.
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00:07:24.000We've since kind of tempered that down a little bit because we realize if you want to make this your full-time job, you've got to be there.
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00:07:25.600It can be a side gig.
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00:07:27.839Some people want it, that's what they want.
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00:07:34.160We want them to be their full-time gig, and you can run it without employees if you if you can give it some attention.
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00:07:36.240So that's really what we want to do.
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00:07:41.439But you know, the thing that that kind of makes this work is low overhead.
00:07:41.439 -->
00:07:44.160You know, rent is kind of the biggest overhead.
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00:07:49.360You don't have to have employees, you're not managing food and beverage, you're not running a restaurant essentially.
00:07:49.360 -->
00:07:51.839It's just golf and it's very simple.
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00:07:56.319Keep it simple, and that's kind of what we started with early on.
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00:08:05.920It was we had door codes and it complicated things because when somebody would sign up for a membership or book a tee time, we've got to get them into the facility.
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00:08:11.279We solved that problem, made it automated to where we could get them in, they could get themselves in.
00:08:11.279 -->
00:08:16.639And that was a huge win for us just as we continue to simplify.
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00:08:21.279You know, another thing that we did early on is said we've got to have our own website.
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00:08:35.679And so we went to work right away developing our own website so that we could customize it and just make it our own, you know, have the features that we wanted in there that we know that gives us a competitive advantage over other people in the market.
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00:08:39.360You mentioned there's no food and beverage program, right?
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00:08:39.919Yeah.
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00:08:40.960Talk about that.
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00:08:46.320That seems like a big part of you know a revenue driver for this type of use.
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00:08:51.919So I'm curious kind of why you went that direction and why it really works well for the Back Nine Golf.
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00:08:58.000Yeah, we just felt like it added another piece of complexity to the business model that we didn't want to deal with.
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00:09:07.360So we let people bring in their own food and beverage, which for them, you know, they like because they can select, you know, what they want to come in, eat with.
00:09:07.360 -->
00:09:15.279But our target audience isn't somebody that's looking to come and have a good night, like you know, fun time at a one night during the month.
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00:09:19.679It's the avid golfer or the golfer that wants to improve their game.
00:09:19.679 -->
00:09:22.559And they're gonna come twice, three times a week.
00:09:22.559 -->
00:09:25.519And you know, we've got snacks there, that's that's all they want.
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00:09:28.399They don't want to go eat and practice at the same place.
00:09:28.399 -->
00:09:31.440And so that was a key realization of ours early on.
00:09:31.440 -->
00:09:38.480You know, we we had a lot of franchisees come in and say, Hey, can I open up a backdry with a restaurant inside?
00:09:38.480 -->
00:09:42.080And our our answer has always been no, that's not our model.
00:09:42.080 -->
00:09:46.240Um, it it complicates things, it square footage gets bigger.
00:09:46.240 -->
00:09:52.480We want to keep a small footprint, and again, we're attracting the avid golfer that wants to improve.
00:09:52.480 -->
00:10:10.240Not to say that you can't come there one night and enjoy the games that are on the simulator or the courses that are there, or just you know, improve improve your game there, but that's that's the business model that we identified early on and tested here locally, and uh it worked, so that's what we stuck with.
00:10:10.559 -->
00:10:17.039I'm curious about the technology behind the indoor golf experience.
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00:10:20.720Uh, and you guys are using full swing, is that correct y
00:10:21.840 -->
00:10:22.799That is correct, yeah. We use full swing.
00:10:23.039 -->
00:10:25.759What was it that you liked about full swing?
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00:10:37.759Why it can you talk generally, kind of at a high level, of like what's going on in the indoor golf space, and then how and why you like full swing for the Back Nine Golf?
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00:10:42.080Yeah, inside the golf space, golf in general is just growing.
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00:10:57.120The audience is getting bigger, and golf courses take up a lot of real estate, and they're just because of the popularity as well, it's getting harder to get on a course during peak seasons or during winter seasons, they're shut down and you can't golf year-round.
00:10:57.120 -->
00:11:12.559And so the simulator, you know, experience came in and people are understanding that simulator, you know, what it what it's like and how realistic it is, and how their game can improve, which translates to having more fun outdoors on the course.
00:11:12.559 -->
00:11:17.360And our members would rather golf outside than indoors, most of them.
00:11:17.360 -->
00:11:18.960I'm probably the exception to that.
00:11:18.960 -->
00:11:25.200I enjoy golfing indoors just because I can see my numbers, and um, but the the simulator space is growing.
00:11:25.200 -->
00:11:28.399I think it's giving more people access to golf in general.
00:11:28.399 -->
00:11:32.399You know, a lot of females come in, they say, Look, this gives me a private area.
00:11:32.399 -->
00:11:35.600I'm not out on a course, I don't have somebody watching me on the T-Box.
00:11:35.600 -->
00:11:40.320I can practice and get better and go out and golf outdoors and enjoy it more.
00:11:40.320 -->
00:11:46.320And with the technology, you know, early on it was educating people on the experience.
00:11:46.320 -->
00:11:51.600They didn't know, you know, we'd have people walk in our space and be like, what is this place?
00:11:51.600 -->
00:11:57.679You know, I don't know if they were expecting you to wear goggles and they just didn't know what the the simulator experience was like.
00:11:57.679 -->
00:12:00.159So once you try it out, it's it's kind of addicting.
00:12:00.159 -->
00:12:02.799And it you know allows people to golf 24-7.
00:12:02.799 -->
00:12:04.000That's the other thing.
00:12:04.000 -->
00:12:07.120I can come at night, um, I can come in the morning.
00:12:07.120 -->
00:12:09.600And the big thing for me was a time saver.
00:12:09.600 -->
00:12:14.080I don't have to spend four hours on a Saturday golfing 18 holes.
00:12:14.080 -->
00:12:19.759I can go get my 18 in in an hour after the gym and go home and still have all day to do everything.
00:12:19.759 -->
00:12:27.440But I I think for me, once I understood the numbers and what they meant, I could start improving my game.
00:12:27.440 -->
00:12:32.080And that game improvement has now made me a more avid golfer.
00:12:32.080 -->
00:12:36.799And I think that's that's the big thing that we're seeing in the industry with full swing.
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00:12:51.519Um, it's so realistic where you know, when you hit the ball, the ball hits the screen and takes off into the virtual world, just like you were playing outdoors, and then the data that's the accuracy of the data that's there just helps you understand the game so much more.
00:12:51.519 -->
00:13:03.120And then, you know, that you you see full swing involved with the Tomorrow Golf League, the TGL, you know, you've got professional golfers out there that launched last year.
00:13:03.120 -->
00:13:07.120You know, I went three or four times, and it was just an environment that people love.
00:13:07.120 -->
00:13:08.399Golfers want it.
00:13:08.399 -->
00:13:14.720Uh, you know, when you're heckling somebody on the on the putting green, that you just you don't see that out on a tour.
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00:13:18.000Everybody's quiet and it's a different environment.
00:13:18.000 -->
00:13:23.519I think the golfers want it, the fans want it, and then just being in a stadium setting is pretty cool.
00:13:23.519 -->
00:13:29.279So I think all that together helps elevate the indoor golf experience.
00:13:29.519 -->
00:13:32.480I've heard that's a real driver for the growth in golf.
00:13:32.480 -->
00:13:34.639What's some other factors that are driving?
00:13:34.639 -->
00:13:42.480I mean, is it this still a function of COVID and you know how many people got interested and exposed to the game during COVID?
00:13:42.480 -->
00:13:48.320Is there something else that's driving the growth in the golf industry, playing golf generally?
00:13:48.720 -->
00:13:50.879Yeah, I that's a great question.
00:13:50.879 -->
00:13:56.159I think the view of golf maybe 10 or 15 years ago was it's something.
00:13:56.159 -->
00:14:04.639I don't know, the view I had was it's something you do if you can't make the football or basketball or baseball team, you you golf.
00:14:04.639 -->
00:14:06.960Um that's changing now.
00:14:06.960 -->
00:14:14.559You know, you see a lot of people that want to be on the golf team, and I think a lot of that potentially could be that it's a lifetime sport.
00:14:14.559 -->
00:14:17.679You know, you you could play it your whole life.
00:14:17.679 -->
00:14:29.919Um, the other thing, you know, there might be some COVID uh functionality to it because a lot more people got out on the golf course because it was outdoors and they could space the tee times far enough apart.
00:14:29.919 -->
00:14:44.159I think access to golf now is is greater with you know you've got big shots giving people exposure to it, uh top golf giving people exposure to it that maybe have never golfed before, but they go try it out.
00:14:44.159 -->
00:14:50.000The other thing, you know, that I think is helping is just the players right now.
00:14:50.000 -->
00:14:52.240You know, Tiger Woods I think had a big influence.
00:14:52.240 -->
00:15:06.320People people know who Tiger Woods is, and you've got Scotty Scheffler now, and you've got some of those big players that it's cool to be a golfer now, and they want to be they they want to golf and um you can make a lot of money, you know, if you're good.
00:15:06.320 -->
00:15:07.840So I think that helps.
00:15:08.159 -->
00:15:21.919And to your point earlier about the data, I mean, I'm remembering the first time I played indoor golf, I was really surprised, some ways, a little overwhelmed with how much information was available there on the screen.
00:15:21.919 -->
00:15:22.879And it took a while.
00:15:22.879 -->
00:15:33.919I mean, we played a couple rounds before I really started to figure out what I was looking at and be able to apply the data kind of to my session.
00:15:33.919 -->
00:15:43.120And over time, I just feel like it's helped me just become more knowledgeable about my game, my swing, what I should be doing.
00:15:43.120 -->
00:15:54.639And there's something about how like the growth in data analytics, I think, is maybe driving interest in the indoor golf experience.
00:15:54.639 -->
00:15:59.360So do you feel like there is some kind of data analytic wave that's behind that?
00:15:59.360 -->
00:16:08.720People are more knowledgeable about their game, they spend more time on YouTube watching videos to understand how to improve their game and like what metrics to look for.
00:16:08.720 -->
00:16:09.759Absolutely.
00:16:09.919 -->
00:16:15.200Yeah, social media influencers are, you know, are definitely influencing the game of golf.
00:16:15.200 -->
00:16:27.120Got good, good out there that you know, Grant Horvat, that people are watching, and it's like, okay, they're getting exposure to it, they're understanding some of that data that's in the simulator bays.
00:16:27.120 -->
00:16:28.639That was my experience as well.
00:16:28.639 -->
00:16:44.159It was cool, and then once I started learning what the data meant and what to look for, and if I made a tweak, how that affected that data that I was seeing on the screen, that's when I became a more avid golfer because I saw my game improving.
00:16:44.159 -->
00:16:52.639And I think a lot of people are they're experiencing that they've got access to all these YouTube videos that are free coaching videos.
00:16:52.639 -->
00:16:55.039You know, I'm I'm one of those guys that watches them.
00:16:55.039 -->
00:16:59.600And uh I think that helps uh just having it at your fingertips.
00:16:59.840 -->
00:17:02.720I yeah, I gotta just point out quickly, I love your shirt.
00:17:02.720 -->
00:17:04.720I'm noticing is that Spanish Bay?
00:17:04.720 -->
00:17:05.759That is, yeah.
00:17:05.759 -->
00:17:14.000I was fortunate to play there myself this year, early in the year, and it did not play particularly well, but I had an incredible time.
00:17:14.000 -->
00:17:20.960And I'm thinking about the incredible retail environment and component that they have.
00:17:20.960 -->
00:17:38.559And it makes me want to ask you about how you think about retail, because when you think about the golf, like the traditional golf experience, you know, there's a pro shop with the check-in, and um they've always got a pretty robust retail kind of store program.
00:17:38.559 -->
00:17:42.079And I'm thinking that's a big part of the driver.
00:17:42.079 -->
00:18:02.400How you know, how do you think about that kind of in relationship to the back nine golf and as a revenue driver, are there certain things that you guys do sell that you can sell, or is there things that you want to sell more of uh beyond the time you know that it takes uh to book a session at the Back Nine?
00:18:02.559 -->
00:18:02.799Yeah.
00:18:02.799 -->
00:18:13.039I mean, you go to a golf course like Pebble Beach or Spanish Bay, and you you know, you you're spending a good amount of money to be there, and you might not come back for a while or or ever.
00:18:13.039 -->
00:18:19.759And so you want to take home that shirt that shows that you've been there, and and we want that experience in the Back Nine as well.
00:18:19.759 -->
00:18:24.000Our first base foundation is memberships.
00:18:24.000 -->
00:18:33.359We we have memberships, but with those memberships, we have some opportunities there to bring retail into each back nine location.
00:18:33.359 -->
00:18:42.480And it's funny you mentioned that because right now we're beta testing a pro shop store model inside of our facilities.
00:18:42.480 -->
00:18:53.599Now, you can imagine the difficulty that brings when we don't have a full-time employee down there helping people check out, so we've got to create that checkout experience and make it very smooth.
00:18:53.599 -->
00:19:05.680Hotworks, um, I don't know if you're familiar with the Hotworks franchise, but they do this inside their stores, and so we're you know, we've looked at that and we're testing it here at our HQ locations.
00:19:05.680 -->
00:19:11.119We've just rolled out an online store for our franchisees and our members.
00:19:11.119 -->
00:19:20.559Um, we can provide some additional discounts there that a membership model will allow because we're not exposing that to the public, and that's just an added value to our members.
00:19:20.559 -->
00:19:27.279They can buy the the Travis Matthew, you know, the brands that we have partnerships with at a discount.
00:19:27.279 -->
00:19:31.759And uh, you know, we're trying to bring that experience inside the store.
00:19:31.759 -->
00:19:34.880So when they walk in, they want to take a hat home, they can.
00:19:34.880 -->
00:19:39.920They can go scan a QR code, buy the hat, and walk out the door with it without having to you know talk to anybody.
00:19:39.920 -->
00:19:47.839And and so that's you know, another revenue stream that we're looking at for our franchisees in addition to coaching and club fittings and all that.
00:19:48.160 -->
00:19:52.000Can you talk about uh AUVs for a Back Nine?
00:19:52.000 -->
00:19:52.799What's typical?
00:19:53.119 -->
00:19:56.880Yeah, you know, our standard base size is three bays.
00:19:56.880 -->
00:20:16.319So you're looking at about thirty thousand dollars a month, so you know, three hundred and sixty to four hundred thousand dollars AUV, and and uh, you know, some are doing better than that, some you know, some have more bays, some have four or five bays, but that's kind of where you know where they're at in that arena.
00:20:16.319 -->
00:20:18.640And what's the typical size?
00:20:18.640 -->
00:20:25.200The square footage size, you're probably right around 2,500 square feet for a three-bay facility.
00:20:25.200 -->
00:20:25.680Okay.
00:20:25.680 -->
00:20:31.039Uh, we started with a two-bay facility, it was 1,700 square feet, a little tight.
00:20:31.039 -->
00:20:48.240Now, you know, 2,500 to 3,500 is kind of the sweet spot where you can do three to four bays or have a putting green and a conference room or a putting green, you know, and maybe a kid zone that they can bring their kids and they can watch a movie or play a video game while you're golfing.
00:20:48.319 -->
00:20:56.799And I've seen back nines and others in every type of setting: freestanding, end cap, inline space.
00:20:56.799 -->
00:20:57.920Do you have a preference?
00:20:57.920 -->
00:21:04.079Do you play a kind of real hands-on role with franchisee from a real estate perspective?
00:21:04.400 -->
00:21:07.759You know, that's been something that we've tried to identify.
00:21:07.759 -->
00:21:11.279Usually it's Class B retail, high foot traffic.
00:21:11.279 -->
00:21:21.440We've seen the franchisees that have been successful on you know high traffic uh roads, um, easy to get to, close to the residential area.
00:21:21.440 -->
00:21:29.359You know, we've had some that have gone kind of a warehouse space and it's just tucked back far enough away, hard enough to get to that we don't recommend that.
00:21:29.359 -->
00:21:42.640We started our store in a class B retail, kind of set back off the road, hard to see, but it was right next to a golf store, the the only pure golf store in town.
00:21:42.640 -->
00:21:45.039And so we got golfers walking by all day.
00:21:45.039 -->
00:21:46.319They knew where the golf store was.
00:21:46.319 -->
00:21:51.039We could say it's right next to, and they would, you know, oh yeah, I know where it is, I'll be there.
00:21:51.039 -->
00:22:04.960So that helps, you know, having those co tenants that will share your target audience because you're getting those eyes on your space and Our doors are locked 24-7 unless there's an owner there that unlocks the door.
00:22:04.960 -->
00:22:07.200And so that creates its own problem.
00:22:07.200 -->
00:22:13.920You know, if somebody doesn't understand what the concept is and they're tugging on the doors, and it's like, well, this is closed.
00:22:13.920 -->
00:22:14.640What is this?
00:22:14.640 -->
00:22:24.079So we want to make sure that you know we're marketing correctly so they understand, hey, I need to book a demo so so somebody can be there to show me how this works.
00:22:24.400 -->
00:22:27.920And are there specific demographics you're looking for?
00:22:27.920 -->
00:22:32.160What's the obviously golfers, I guess, but you know, target markets.
00:22:32.160 -->
00:22:35.359How do you how do you know you found the right trade area?
00:22:35.680 -->
00:22:40.160Yeah, we've got three or four different uh profiles that we're looking at.
00:22:40.160 -->
00:22:51.680Uh our typical market is 25 to 55 avid golfer, typically, people that have their own clubs, they're golfing two or three times a week.
00:22:51.680 -->
00:23:10.880Uh, male is, you know, mainly male, uh, but the female market is growing, and that's we've got you know a handful of female franchisees that are helping grow that market and uh pushing that in tournaments and leagues, and so that's kind of the persona that we're we're targeting there as you know, avid golfer.
00:23:11.200 -->
00:23:11.839That's great.
00:23:11.839 -->
00:23:20.160Maybe the last question, Brady, you talked about innovation, some of the things that you're testing you know with a Back Nine Golf.
00:23:20.160 -->
00:23:24.640You think about the future three to five years from now, where do you want to see the Back Nine Golf?
00:23:24.640 -->
00:23:30.240And what do you see for this market kind of broader in terms of indoor golf?
00:23:30.559 -->
00:23:35.440Yeah, I I feel like we're just on the tip of the iceberg with the indoor golf.
00:23:35.440 -->
00:23:38.640You know, there's so much innovation coming out now.
00:23:38.640 -->
00:23:46.720We just launched uh Skill Strike, and uh it's on all of Back Nine B simulators, it's skill-based wagering.
00:23:46.720 -->
00:23:56.480So I can come into a Back Nine and I can say, I put $50 down and it puts a hole out at 100 yards with a bullseye.
00:23:56.480 -->
00:24:02.559If I get it in a certain ring, it gives me a certain amount of money, and that distance is constantly moving.
00:24:02.559 -->
00:24:13.200So, based on my skill, the target will widen or shrink, and so I can, you know, I can win money inside the back nine in most states.
00:24:13.200 -->
00:24:23.759So it's it's not gambling, it's skill-based wagering, it's fun, it creates and a different you know option that that maybe wasn't there before.
00:24:23.759 -->
00:24:26.559And so there's a lot of that technology coming out.
00:24:26.559 -->
00:24:34.319We see club fittings now where you can get a club fitting with AI, and you you know, don't have to interact with an instructor.
00:24:34.319 -->
00:24:41.200And that's you know, that could be where it's going, where somebody could walk into a Back Nine and say, I want to test out a new driver today.
00:24:41.200 -->
00:25:06.480And they go, We've had the driver there and they test it out, and I want to buy it, and they walk out the door with it without talking to an instructor, or hey, I want some some feedback on my swing, and it's analyzing their swing based on you know cameras in the bay and comparing it to the swing analysis of thousands of other golfers through AI and saying, here's some recommendations on what you can work on, here's some drills you can work on.
00:25:06.480 -->
00:25:15.359I think you know, coaching, if you go get coaching, you're paying $100 an hour to you know a good coach, maybe a couple hundred bucks an hour.
00:25:15.359 -->
00:25:31.759And now we can bring coaching into the back nine, maybe lower that barrier to entry for a new golfer and say it's only gonna be $25 an hour to get coaching here at the back nine or a club fitting at the back nine, just because of AI and the capabilities that are there.
00:25:31.759 -->
00:25:34.319I mean, there's a lot, a lot of technology coming out.
00:25:34.319 -->
00:25:36.640The simulator experience is gonna get better.
00:25:36.640 -->
00:25:38.480We're working directly with full swing.
00:25:38.480 -->
00:25:43.599That's one of the reasons why we've partnered with them is we meet with them regularly and they listen.
00:25:43.599 -->
00:25:46.000Hey, what what is it that the golfer wants?
00:25:46.000 -->
00:25:48.480Well, here's some things that you can do with your software.
00:25:48.480 -->
00:25:51.839And so they go back and they do it and and roll it out.
00:25:51.839 -->
00:25:53.519It's it's exciting, it's fun.
00:25:53.519 -->
00:25:58.559There's a lot that you'll see tech-wise come out and innovation-wise in the near future.
00:25:58.880 -->
00:26:00.240Oh, that's incredible.
00:26:00.240 -->
00:26:05.440The skill-based kind of gaming inside, the swing analysis.
00:26:05.440 -->
00:26:06.480That's really exciting.
00:26:06.480 -->
00:26:09.119Brady, it's been a pleasure speaking with you today.
00:26:09.119 -->
00:26:11.119Thank you for joining me on Retail Intel.
00:26:11.119 -->
00:26:22.559Be sure to check out the Back Nine Golf online at www.thebackninegolf.com and follow them on Instagram at theBacknineGolf.
00:26:22.559 -->
00:26:23.440Thank you, Brian.
00:26:23.440 -->
00:26:24.240It's been a pleasure.
00:26:24.240 -->
00:26:25.200Likewise.
00:26:25.200 -->
00:26:40.160Whether you're an aspiring real estate mogul, a seasoned pro, or simply curious about the places where we shop, dine, play, and work, this podcast is your all-access path to the world of commercial real estate.
00:26:40.160 -->
00:26:42.240Connect with me on LinkedIn.
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00:26:53.839And if you're interested in being a part of the Retail Intel podcast, send a message to nationalaccounts at philipsedon.com.
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