How much to open a Topgolf franchise?
Summary: Cost to Start a TopGolf 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! If you are considering opening up a TopGolf franchise; congratulations!
Can You franchise Topgolf?
Usually, a franchise already has supplier and distributor relationships firmly established. Topgolf is no different, and you can take advantage of these from the start. The franchisor will offer you and your management team full training for all your Associates. Often the Topgolf franchise price covers the cost of these facilities.
What fees are associated with a franchise?
The Hidden Costs of Opening a Franchise
- The Franchise Fee. The franchise fee, also commonly referred to as the initial fee, is part of your up-front, one-time payment to the franchise when you sign up to become ...
- Building & Construction Costs. ...
- Equipment Purchasing. ...
- Material Sourcing Costs. ...
What is included in a franchise fee?
The average franchise fee is $34k, but varies heavily by franchise category. Franchise fees are meant to cover the cost of onboarding new franchisees. In return for a franchise fee, you receive training, the rights to use the brand, opening support, operations manuals, and more which we cover below.
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How much do Topgolf franchise 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.
How much does 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.
Are top golfs 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.
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%.
How much does Topgolf make a month?
$4,538/monthAs of May 28, 2022, the average annual pay for the Top Golf jobs category in California is $54,461 a year. Just in case you need a simple salary calculator, that works out to be approximately $26.18 an hour. This is the equivalent of $1,047/week or $4,538/month.
How many acres do you need for a Topgolf?
By comparison, Topgolf's existing facilities have cost $15 million to $50 million, and need a minimum of 13 acres.
How much does Callaway make from Topgolf?
Last March, Callaway merged with Topgolf. Callaway already owned a 14% stake in Topgolf after an investment in 2006 and paid $2.66 billion in stock to acquire the rest of the company. Callaway expects an even better result in FY2022, with revenue projected to range between $3.7 billion and $3.8 billion.
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 growing?
Other than a blip of temporary closures during the heart of the pandemic, Topgolf has continued its torrid growth the past two years. The popularity of Topgolf has led to 74 facilities being built across the globe the past two decades, including 67 in the United States. That growth shows few signs of slowing down.
Does Callaway own Topgolf?
Callaway Golf Company Completes Merger with Topgolf, Creating an Unrivaled Global Leader in the Game of Golf.
Is Topgolf privately owned?
Topgolf garnered an investment from Callaway in 2006 and expanded to the United States, now the primary market for the company. Remaining privately-owned during those two decades, the company built locations in every region of the country. Topgolf began looking at an initial public offering in 2019.
Micro-Chipped Balls and An Outfield
Imagine hitting your golf ball and instantly reading the stats on your shot. The genius behind TopGolf relies on using special golf balls outfitted...
Approximately 18 Million to Build
The average TopGolf facility is 65,000 square feet and three storeys high. Over 1250 people can simultaneously have fun and relax. This destination...
Climate Controlled Hitting Bays
TopGolf locations offer year round entertainment. Never experience numb hands, disruptive wind or rain or not being able to see your ball due to th...
Goodbye Dress Code and 5 Hour Games
Many people want to swing their clubs yet feel discouraged at a regular driving range. Waiting for your tee time or having experienced golfers line...
How much does it cost to open a topgolf franchise?
The cost to open a Topgolf franchise is around $18 million. However, the typical cost to build an average franchise, such as the Austin Tx facility, is about $15 million.
What are the advantages of starting a topgolf franchise?
Advantages of starting a Topgolf franchise include: Your Topgolf company already has a household name. You won’t need to work hard for brand recognition. You will have no problem finding financial backing for your venture when using an established franchise such as Topgolf.
How much revenue does Topgolf generate?
Topgolf generated about $1.1 billion in revenue in 2019 after having grown at a 30% compound annual rate since 2017. Recently (April 2021), press releases stated that Topgolf and Callaway are to merge to create a leading global golf and family entertainment company.
How much does it cost to build a topgolf course?
The typical US Topgolf venue costs around $18 million to build. And if all goes well, yours can be like other locations and recoup this in about two years. As of 2019, there were about 30 locations in the US, with more opening up all the time.
Is Topgolf for kids?
The only requirement is the ability to relax and have fun. Because of this fundamental change, Topgolf is suitable for all the family, including the kids. Tasty snacks, refreshing beverages, and fun music generate a fun-filled party atmosphere.
When was the first golf club in the UK?
Originally, the first venue started in 2000 at Watford near London, in the UK. The movement decided to leave the elite golf club environment behind. And, in its place, create a sport for all the family to enjoy while socializing and playing golf together. And, even better, it doesn’t matter how unskilled the player is; they will always have fun and never feel intimidated.
Is there a golf franchise that has a lot of equipment?
Most golf franchises carry plenty of equipment; some would say too much. The idea is to give your Guests enough for a great game. A Topgolf franchise has a specific inventory to ensure everyone has fun. And, there’s plenty of merchandise to buy too. At the same time, you don’t need to hold too much stock, as more deliveries can arrive within a day or so. Your franchise secures the following:
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:
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 a Dunkin' Donuts franchise make?
According to CareerBliss, Dunkin’ franchise owners earn $124,000 on average annually, or $60 per hour, based on gross sales in the $620,000 to $1.3 million range. The national average for all franchise owners of any company is $60,000.
How much does it cost to open a Chick Fil A?
Even with its success, Chick-fil-A charges a franchise fee of just $10,000 to open a new restaurant, and the company doesn’t require candidates to meet a threshold for net worth or liquid assets. That’s cheaper than every major fast-food chain in the US.
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 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.
Does Topgolf Franchise?
The official line from Topgolf is that they do offer franchise opportunities but only through their international partnership program. There are however strong online indications that US Topgolf facilities could be franchised by getting in touch with Topgolf through their online contact forms.
How Much is a Topgolf Franchise?
It is estimated that an average Topgolf franchise costs around $20 million. It should be noted however, there is a big gap in individual franchise costs with reported figures of $18 million for a facility in Austin, Texas right up to $50 million for a Las Vegas Topgolf center in Nevada.
How Much Does a Topgolf Franchise Owner Make?
The average annual salary for a Topgolf owner is approximately $58,000 per year. On top of this, the owner also can expect to receive additional payments in the form of profit bonuses that the Togolf facility makes in any trading year.
How Much Land Do You Need for a Topgolf Center?
You would need at least 60 thousand square feet of land (or over 13 acres) in order to have enough space to build a Topgolf facility. The land must also be able to support a three-floor building along with the necessary space for parking lots and ancillary services.
Who is Top Golf Owned By?
Topgolf is owned by Callaway Golf in a takeover deal that was officially announced in October 2020 at a cost of an estimated 2.6 billion dollars. This new ownership is seen as a smart move by the Carlsbad-based business in order to further promote the brand to a new indoor golf-based demographic.
Topgolf Franchise Application Contact Process
So how do you get in touch and ask about Topgolf franchise opportunities in the US?
Are You Ready to Invest in Topgolf?
In this article, we’ve covered the basics of what you need to know about Topgolf and answered the question of is Topgolf a franchise? and how it can be a great investment opportunity for anyone in search of an indoor golf franchise.
How much does it cost to start a Topgolf franchise?
Summary: The Cost to Start a TopGolf Franchise. Typically a TopGolf franchise costs approximately $18 million dollars to develop, but launch expenses will vary. One facility in Austin, TX was constructed for around $15 million while a brand-new TopGolf that was constructed in Las Vegas had a final cost of over $50 million.
Why do golf franchises carry equipment?
Many Golf franchises carry generous quantities of equipment to make sure that customers have everything they would need for a fantastic game. Your franchise will have a particular build-out and display alternatives to secure the following products: together with a host of other golf associated products.
Expanding Topgolf around the globe
Topgolf International focuses on expanding Topgolf around the Globe, connecting people in meaningful ways through the experience we create, the innovation we champion and the good we do. After success in the United States and United Kingdom, Topgolf International was established to expand into territories across the globe alongside talented local Franchisees.
Become a Topgolf Franchisee
Thank you for sharing your interest in becoming a Topgolf International Franchisee. Finding the right partner is the first step to developing our brand in your country/countries. The bar we have set to become a Topgolf Franchisee is exceptionally high.
How many locations does Topgolf have?
TopGolf is another golf franchise in the United States that have a driving range. One part driving range, two parts entertainment center, this hybrid concept has 22 locations in the United States.
What is Bigshots Golf?
BigShots Golf is a cutting-edge golf and entertainment company powered by BigShots Golf proprietary technology, with an inviting social atmosphere that appeals to avid golfers and recreational players alike . The BigShots Golf driving ranges and golf courses are fun, entertaining, and also a place to master a skill.
What is links golf?
Links Golf Café is the world’s first “eatertainment” franchise that combines the fun, social, and practical aspects of advanced indoor golf and internet technologies with a golf-themed, deliciously satisfying and made-to-order menu based on the latest innovations in fast-casual dining, all wrapped in a warm, inviting and uniquely modern décor.
What is a golf simulator?
A golf simulator allows golf to be played on a graphically or photographically simulated driving range or golf course, usually in an indoor setting. Many of these simulated driving ranges also offer franchise. Mentioned here are some of the popular golf driving ranges that offer franchise in the United states.
What is a driving range?
A driving range is an area where golfers can practice their golf swing. It can also be a recreational activity itself for amateur golfers for when a full game is not available. Many golf courses have a driving range attached and they are also found as stand-alone facilities, especially in urban areas.
What is motion golf?
Motion Golf is another golf simulation company that offers franchise in the United States. The company has evolved the game of golf to offer its customers real time knowledge to help them improve their game. The motion capture process is simple and non-invasive, as the system is totally optical and tetherless.
What is X golf?
This center is a relatively new Indoor Golf Center and bar concept that offers a unique user experience for both the die-hard golfer and the everyday amateur. XGOLF was founded in 2005, and since then over 3,000 systems have been sold worldwide, providing golf enthusiasts with a unique experience that emphasizes innovation coupled with honesty and integrity.
