How many acres is a golf course?
The 160 acres number includes a small area for a practice area and a small clubhouse. The average number of acres that a golf course has can range all the way from 120 acres to 200 acres. Obviously, this number is affected by a lot of different factors.
How many acres does Topgolf Chicago have?
Total acreage of 12‐15 acres depending on efficiency of layout 94 game bays on 3 levels Range outfield extending out 250 yards Full service restaurant with table service to each game bay Corporate and private group event spaces 17 Aerial of TopGolf Chicago Boundary Netting
How many golf courses does Topgolf have?
The company currently operates 74 golf courses in 12 states and generated US $309 million in revenues in 2018. Topgolf will also be competing with BigShotsin smaller towns and communities with its new new scalable venue design that will be smaller in size but deliver the same level of golf entertainment experience.
What is top golf?
Top Golf – Players aim for 11 giant dartboard-like targets. The further the shot goes and the closer to the pin, the more points the player receives.
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How much does a Topgolf owner make?
How does the salary as a Business Owner at Topgolf compare with the base salary range for this job? The average salary for a Business Owner is $74,793 per year in United States, which is 24% higher than the average Topgolf salary of $60,198 per year for this job.
Is Topgolf profitable?
Construction of a Topgolf venue typically costs from $10 to $40 million, and each venue typically collects about $17 million in revenue annually. Topgolf is profitable at the venue level as well, with EBITDAR typically amounting to about $5 million for each venue.
How big is Topgolf?
By all accounts, the average range at a TopGolf is 250 yards long, and the net is 150 feet high. This means the drive was not only long, but WAY out there, with enough height to clear the net.
How much did Topgolf cost to build?
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 does a Topgolf franchise make a year?
While a hefty sum to build, the average Topgolf facility returns roughly $21.5 million a year (adjusted for inflation). About half of that revenue is generated from food and drink, and the other half is made from customers paying for a Topgolf bay, for which they pay $30–$50 an hour.
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
What is Topgolf worth?
$2.4 billionTopgolf's adjusted EBITDA amount of $189.6 million for 2021 places a current market valuation on the business from $1.6 billion to $2.4 billion and a per share value of $8.36 to $13.00.
Where is the smallest Topgolf?
Kirkland, Wash.This week, Topgolf debuted its first small-footprint location at a facility in Kirkland, Wash., just outside of Seattle. The facility looks nothing like the 105,000-square-foot behemoth you've come to recognize, instead existing in a 9,200-square-foot space within a larger building.
How much did Topgolf sell?
$2.66 billionBased on Monday's closing price of $29.52 per share, Callaway paid $2.66 billion to acquire the rest of Topgolf beyond its existing ownership.
Is Topgolf a good investment?
It will take strong execution from management to make the Topgolf acquisition worthwhile. But with over $630 million in cash and available borrowings at year-end, the company is in a strong financial position to continue investing heavily into Topgolf and its legacy businesses.
Who is Topgolf competitor?
TopGolf's top competitors include Salamander Innisbrook, Diamond Resorts, GameGolf and The Trump Organization. Topgolf is a golf entertainment venue.
How many Topgolf locations are there?
Borne out of innovation, the first Topgolf venue opened in 2000 in the U.K. Since then, our technology-enabled venues have grown to over 60 locations around the globe, including owned and operated venues in the U.K. and the U.S. We serve more than 23 million Guests each year and welcome people from all walks of life to ...
How many acres are there in a golf course?
The typical number of acres for an average golf course is 160 acres . The 160 acres number includes a small area for a practice area and a small clubhouse. The average number of acres that a golf course has can range all the way from 120 acres to 200 acres.
How long is a golf course?
As we all know, golf courses come in all shapes and sizes. Some courses might play long at over 7,000 yards and some might be around 5,000 yards. All golf courses are unique and totally different in sizes, but it is possible to narrow down an average size.
How does difficulty affect golf?
Difficulty- the level of difficulty can affect the acres in a golf course because of the doglegs and unique course additions can add or subtract area. Practice Range Area- the number of acres that a golf course has depends on the area of the putting green and range for your long game. Clubhouse Size- another important factor is the size ...
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. An outdoor and spacious experience for all Guests with 11 feet from tee to tee.
Is Topgolf responsible for lost items?
Players must stay behind the yellow line at all times. Please take extra care when playing from upstairs bays. Topgolf is not responsible for lost or stolen items. Thank you for being courteous and respectful to all Guests & Associates while enjoying your time at Topgolf.
How many miles does a golf course cover?
Average Golf Course Length in Miles. The golf course length on the PGA tour covers around 7,200 yards which is 4.09 miles. A PGA player on an average plays about 78 rounds in a year spanning 319 miles a season.
How much of a golf course is a driving range?
6% of the golf course is usually reserved for the driving range on a golf course. The average size of a driving range occupies approximately 7.1 acres of the total golf course. In smaller golf courses where space is limited, the driving range is not feasible and is left out.
Why is a par 3 golf course considered a par 3?
A hole is given a Par 3 ranking because the course designer believes a total of 3 strokes are definitely achievable with enough skill.
How much of a golf course is tees and greens?
5% of the total golf course is allotted to the most significant part of the golf course known as the tees and the greens. This area scales around 6 acres. After the main elements of the course are planned, the golf course should also account for the clubhouse, storage, and parking areas.
What is a golf course?
A golf course is a field or a ground in which the game of golf is played. The grounds enclose a series of holes each consisting of a ‘fairway’ surrounded by the green. The rough and several ‘hazards’ included in the out of play area, the greens and tees, occupy approximately 5% of the total space. Seemingly simple, golf courses vary not only in ...
What is rough golf?
Rough is an area that every golf player tries to avoid having their ball in. Only superintendents and the maintenance crew deal with the rough on a regular basis. It’s very important to maintain the roughs properly and in perfect condition.
How long is a golf course?
The average length of a golf course is 6,700 yards (6 .12 kms). If you’re a professional and play on the PGA tour, you’ll probably be playing on a golf course which spans a length of about 7,200 – 7,300 yards.
How many square feet is Topgolf?
For example, One facility in Austin, TX was built for around $15 million while a new TopGolf that was built in Las Vegas cost over $50 million! 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 many Topgolf locations are there?
There are currently 58 Topgolf locations, 53 in the United States, 3 in the United Kingdom, and one in Australia . Cost of opening one TopGolf franchise is around Us $18 million.
How much does it cost to build a Topgolf franchise?
How Much does it cost build a TopGolf Franchise? The cost of starting a TopGolf franchise varies according to the location but an on an average a TopGolf franchise costs up to $18 million dollars to build.
What do golf franchises carry?
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: golf balls. clubs.
Who owns Bigshots Golf?
BigShots has been acquired by ClubCorp last year and since then it has been aiming to expand rapidly with 30 to 60 more bays, with each facility costing $8.5 to $12 million compared to a Topgolf franchise cost of $18 million. BigShots Golf Franchise Offering.
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.
How much does it cost to build a top golf franchise?
On average a TopGolf franchise costs up to $18 million dollars to build, however start up costs will fluctuate. One facility in Austin, TX 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: along with a host of other golf related 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 franchise?
At this time, the official website is stating that TopGolf is a privately owned company with no current franchise opportunities; however, if you do have 10 to 20 million lying around, you may wish to pursue this endeavor.
Overview
Topgolf is a golf driving range game with electronically tracked golfballs and automatically scored drives that started in 2000 and grew to become an American multinational sports entertainment company. Headquartered in Dallas, Texas, it has locations in the United States, United Kingdom, Australia, Germany, Mexico and the United Arab Emirates. In October 2020, publicly traded Callawa…
History
Twin brothers Steve and Dave Jolliffe had sold their mystery shopping business and were looking for a new project in 1997. Both golfers, they began complaining about golf's issues: the time factor and lackluster driving ranges. Looking to improve the game, the Jolliffes looked to the then-new commercial microchip technology and placed it in the golf ball. From this, they designed a …
Merger with Callaway
On October 27, 2020, Callaway Golf Company announced it would acquire Topgolf for $2 billion. At the time, Callaway held a 14% share of Topgolf. Callaway had invested in Topgolf since 2006, with CEO Chip Brewer serving on the Topgolf board since 2012.
Games
Topgolf games can be played by all ages and skill levels, and the micro chipped golf balls score themselves, providing players with instant feedback on each shot's accuracy and distance.
• Top Golf – Players aim for 11 giant dartboard-like targets. The further the shot goes and the closer to the pin, the more points the player receives.
• Top Break – has a snooker based format in which a player must hit a red target then a coloured target. The higher value colours, the more p…
Locations
There are currently 50+ Topgolf locations, three in the United Kingdom, and one in Australia, Germany, Mexico, and the UAE. 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. Topgolf also offers golf lessons, leagues, tournaments, concerts, an…
External links
• Official website
• Topgolf Media