How big is the average TopGolf facility?
The average TopGolf facility is 65,000 square feet and three storeys high. A single facility can accommodate over 1250 people simultaneously to have fun and relax. How to Open a TopGolf Franchise If you have the capital to meet the financial investment required to start a TopGolf franchise, then here are the steps to open a TopGolf Franchise:
How much does it cost to start Topgolf?
Topgolf also offers golf lessons, leagues, tournaments, concerts, corporate and social events. The average TopGolf facility costs approximately 18 million dollars to establish. Originating in the uk and now with numerous locations over the USA; the company plans to expand globally.
What is the difference between TopGolf and TopGolf lounge?
Topgolf also offers golf lessons, leagues, tournaments, concerts, and corporate and social events. TopGolf Lounge, or Lounge by Topgolf, is a smaller location with a live sports restaurant, a few public hitting bays and a special events bay plus virtual game simulators.
How far is the Topgolf fence?
How far is the Topgolf fence? It's 215 yards away, and that's as far as you can hit it without trying to go over the fence, which you're asked not to do. Targets can play longer than their stated distance, depending on where you are on the range.
How much space do you need for Topgolf?
By comparison, Topgolf's existing facilities have cost $15 million to $50 million, and need a minimum of 13 acres.
How many square feet is Topgolf?
65,000 square footThe typical Topgolf facility is a 65,000 square foot, 3-story, indoor/outdoor venue with 102 hitting bays, bars, meeting facilities, restaurants and seating for over 300. The flow of the facility was inspired by the game itself, creating a complete, vibrant, interactive entertainment experience.
How much would it cost to open a Topgolf?
How much does the Topgolf franchise cost? Topgolf has a total initial investment range of $15 to $50 million. All inquiries for initial franchise and royalty fees, ad fees, net worth requirements, liquid cash requirements can be submitted to Topgolf Entertainment Group. Initial Investment: $15 - $50 million.
How much revenue does Topgolf make per year?
approximately $1.1 billionTopgolf generated approximately $1.1 billion in revenue in 2019 and has grown at a 30% compound annual rate since 2017.
How wide is Topgolf?
How far is the Topgolf fence? It's 215 yards away, and that's as far as you can hit it without trying to go over the fence, which you're asked not to do.
What is the smallest Topgolf?
Lounge by Topgolf, a 9,200-square-foot indoor-outdoor space opened earlier this month in Kirkland, Wash., is designed for “demographically dense areas,” Hun Kim, the restaurant's general manager, said.
How much do Topgolf owners make?
According to Aria Group Architects, Inc., an average Topgolf venue is 65,000 square feet that is 3 stories high with an indoor and outdoor venue. A Topgolf owner's salary is also $58,000 per year according to one franchisee we spoke with.
Who is the owner of Topgolf?
Callaway Golf CompanyTopgolf / Parent organizationCallaway Golf Company is an American global sports equipment manufacturing company that designs, manufactures, markets and sells golf equipment, more specifically clubs and balls, also including accessories such as bags, gloves, and caps. The company also produces clothing through its subsidiary "Callaway Apparel.” Wikipedia
Is Topgolf a good investment?
Lots of growth ahead Topgolf itself says it has the potential for 450 venues, and that doesn't include Toptracer range technology or media revenue. The 70 venues the company operates today are incredibly profitable, with construction costs of $10 million to $40 million and expected cash-on-cash returns of about 50%.
Does Callaway own all of Topgolf?
Topgolf and Callaway have officially come together. The merger creates a “tech-enabled golf company delivering leading golf equipment, apparel and entertainment.”
Who is Topgolf competitor?
TopGolf's top competitors include Salamander Innisbrook, Diamond Resorts, GameGolf and The Trump Organization. Topgolf is a golf entertainment venue.
Is Topgolf making money?
Topgolf is expected to generate $1.06 billion in revenue and $158 million in EBITDA in 2021. Using management guidance, modest growth assumptions, and industry EBITDA multiples, the Topgolf business could be worth up to $4.3 billion by 2025.
How many topgolf locations are there?
There are currently 57 Topgolf locations, 53 in the United States, three in the United Kingdom, and one in Australia. There are also 12 more locations under construction, 9 in the United States and 3 in the rest of the world (1 each in Canada, Mexico and the United Arab Emirates). Each Topgolf venue features climate-controlled hitting bays ...
How much does it cost to start a Topgolf franchise?
Below is the summary of the cost of starting a TopGolf Franchise; On average a TopGolf franchise costs up to $18 million dollars to build, however startup costs will fluctuate. One facility in Austin, Texas was built for around $15 million while a new TopGolf that was built in Las Vegas cost over $50 million.
Why do golf franchises carry equipment?
Most Golf franchises carry copious amounts of equipment to ensure that players have everything they need for a great game. Your franchise will have specific build out and display options to secure the following items:
Is TopGolf a good place to play golf?
TopGolf locations have revolutionized the sport by taking the serious level down a notch. Being good at golf is not a requirement to have fun and enjoy a lively atmosphere. Tasty appetizers, refreshing drinks and some fun music provide a delightful atmosphere while you practice your swing and perfect your game.
Is Topgolf a privately owned company?
At this time, the official website is stating that TopGolf is a privately – owned company with no current franchise opportunities.
How many Topgolf locations are there?
There are currently 50+ Topgolf locations, three in the United Kingdom, and one in Australia and Mexico. Each Topgolf venue features climate-controlled hitting bays for year-round play, food, beverage, music and HDTVs on which various sports games are shown, such as football, basketball and golf.
How many Topgolf locations were opened in 2013?
Anderson moved to have newer location be even larger, with a full line kitchen and executive chefs replacing small kitchens and more golfer space. Ten locations were opened in 2013. Topgolf had sales of $163.5 million in 2014 to make the Inc. 500.
How much of Topgolf is Callaway holding?
On the date of such announcement, Callaway was holding 14% share of Topgolf. Callaway has been the investor for Topgolf since 2006, with the present CEO Chip Brewer serving on the Topgolf board since 2012.
What is a topgolf lounge?
TopGolf Lounge, or Lounge by Topgolf, is a smaller location with a live sports restaurant, a few public hitting bays and a special events bay plus virtual game simulators.
When did Topgolf buy Protracer?
In January 2016, the company purchased the World Golf Tour gaming company. Also that year, Protracer golf ball tracking technology was purchased and renamed Toptracer. Topgolf and Village Roadshow Theme Parks agreed in 2016 to a joint venture to bring Topgolf to Australia.
When did Richard Grogan visit Topgolf?
In 2003, bankers approached Richard Grogan to invest but were rejected. Grogan later had been induced to visit the Topgolf facility in February 2004. Seeing only a 5% return on investment, Grogan turned them down again, although he was otherwise impressed during the visit.
Where is the topgolf in Seattle?
On April 9, 2019, the company announced the first location for a new smaller version of its venue, Topgolf Lounge, in Kirkland, Washington and opened in January 2020.
Do you have to wear a face mask at Topgolf?
In accordance with Local and State guidelines, Guests are required to wear facemasks at certain Topgolf venues. A list of those venues and requirements can be viewed here. *If face coverings are not required in your local community, we still strongly encourage their use when entering our venues.
Is Topgolf competitive?
Whether you’re an aspiring golf pro or picking up a club for the first time, Topgolf is everyone’s game. It’s fun. It’s competitive. And it’s a unique way to entertain corporate clients and colleagues in a very non-corporate setting.
Does Topgolf require masks?
With this in mind, Topgolf no longer requires Guests or fully vaccinated Topgolf Associates to wear a mask in our venues, except where required by state or local laws or regulations. A list of venues that still require facemasks to be worn can be viewed here.
