Playgolf plans to invest almost '1m in its Greater Manchester sites and is looking to build a golf complex at another location in the area.
It hopes to raise '2m when it is admitted to the Alternative Investment Market. The float will give Playgolf a market value of '10m.
Chief executive David Piggins said the firm is looking to invest '850,000 on extending its facilities near the Trafford Centre to include a play area, go-karting and "adventure" golf course. And it plans to splash out '150,000 on a new course in Heaton Park.
Playgolf already runs a driving range, coaching school and course in Barnet, north London, and is developing a golf complex at Harrow.
It is also operating a pilot scheme at the Trafford Centre site, providing golf for primary school children.
The business, based at Priors Marston, Warwickshire, was set up in 1995 and employs 60 people nationwide. Turnover is set to reach '3m this year.
Mr Piggins said more than 150,000 enthusiasts currently visit the Trafford Centre range each year while more than 80,000 people play on the Heaton Park courses.
"We want a facility in Manchester like the one we are developing in Harrow," he said today. We are currently looking at a couple of council-owned and commercial sites. Our aim is to offer sport in a modern and entertaining way."
Broker Daniel Stewart is the nominated adviser for the float.
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