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Feb 08, 2020 · Cost of opening one TopGolf franchise is around Us $18 million. 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).
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 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.
How many square feet is Topgolf?
The average TopGolf facility is 65,000 square feet and three storeys high. Over 1250 people can simultaneously have fun and relax. This destination features monthly membership fees or one time drop in opportunities. There are special discounts for Junior Members available. Due to the state-of-the-art equipment, exuberant real estate and spectacular facilities, these locations are popping up with excellent revenue reports and decent expansion.
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 ...
Why is top golf so popular?
Topgolf is so popular because it is changing the face of the traditional golf industry. It is inviting more people to enjoy the game of golf without the pressure and sometimes intimidating nature of a full course.
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 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 year round facility?
TopGolf locations offer year round entertainment. Never experience numb hands, disruptive wind or rain or not being able to see your ball due to the sunshine. Enjoy your membership on a daily basis and swing by after work or school. Plan your next corporate event, birthday party or team building exercise in a facility that offers exceptional service and memorable fun.
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.
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.
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 many people are in Topgolf Bay?
Each Topgolf Bay holds six people who can play individually or in teams. Clubs are available for free rental, or Guests can bring their own. Each player takes turns hitting the ball at targets, and the microchip inside the ball automatically scores. The data displays onto the monitors and gives feedback on each shot’s accuracy and distance.
What is a topgolf franchise?
A Topgolf franchise sets out to revolutionize the sport of golf. The idea is to make the pastime more fun and take itself less seriously. The customers (or Guests) don’t have to be good at golf. The only requirement is the ability to relax and have fun.
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.
What is a microchip ball in topgolf?
Topgolf uses a microchipped ball so that when a Guest hits it from one of the driving ranges, they can instantly see the stats and how they performed. How cool is that? They use real clubs that are rent-free for all the family and choose targets from 20yds to 215yds, depending on their skill level. This arrangement keeps the kids (of all ages) entertained for hours, and they’ll enjoy the positive feedback on the monitors for every shot.
How much does it cost to start a top golf?
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. 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.
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!
How many square feet is Topgolf?
The average TopGolf facility is 65,000 square feet and three storeys high. Over 1250 people can simultaneously have fun and relax. This destination point features monthly membership fees or one time drop in opportunities. There are special discounts for Junior Members available. Due to the state-of-the-art equipment, exuberant real estate and spectacular facilities, these locations are popping up with excellent revenue reports and decent expansion.
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.
Can you get refunded for Topgolf membership?
Purchase your games onto your card and use at any TopGolf location. Note that once game credits are loaded onto the card, they are unable to be refunded.
Is there a dress code for Topgolf?
Thankfully, TopGolf offers a roof top terrace complete with fire pits and an exquisite lounging facility to help you pass the time. An official dress code is not required. Socializing and fun is the mainstay along with perfecting your game of course.
How many fees are there at Topgolf?
There are two fees to play at Topgolf.
Does Topgolf charge to rent golf clubs?
Topgolf provides golf clubs for use, and they don't cost anything to rent. You can also bring your own golf clubs to use at Topgolf, but most people aren't coming to Topgolf to work on their game; they're coming to have fun with friends.
How much does it cost to open a driving range?
If you get this done, the whole set up can cost you around $100,000.
How much does a golf simulator cost?
High-tech, indoor golf simulators can cost six figures per simulator unit, so these types of ranges are best suited for those who have already made a large amount of money in the business already.
What is driving range?
A driving range is referred to as an area where golfers can practice their golf swing. It can also be a recreational activity in itself for amateur golfers or something that can be used when enough time for a full game is not available.
What maintenance is required for a 20 capacity driving range?
Such maintenance includes mowing the range, maintaining grass, and keeping tee areas clean. For an indoor facility there are more daily cleaning, payroll, and simulator repair/replacement issues to take into consideration. Your variable costs would generally look like this for a 20 capacity driving range;
How much does it cost to fix a golf ball dispenser?
Your golf ball dispensers are also part of your fixed cost and that should cost you around $5,000 too. Your token dispenser comes next at about $3,000 .
How much money do indoor restaurants make?
An indoor facility with full-service restaurant and rental space in a high-traffic urban environment can see a net profit of up to $2.9 million a year. However, if you have a low-tech field in the country, you could see an income as low as $40,000 a year.
How much does a day to day operation cost?
The day to day operation costs will include the salary you pay to your staff, and you can put that at around $30 per day. Depending on your set up, you may have to pay more. You should also factor in your maintenance costs and this can range from property tax, machinery, grass seed, water, flag sticks, etc.
How much is a lifetime membership at Topgolf?
Our Lifetime membership is $5 plus tax, and it allows you to play at any Topgolf venue in the United States. When you get to the bay, just type in your phone number/email (or swipe your Membership Card at select venues) at the game panel and our technology will track your score by name and store them in the Topgolf App . Additional membership types are available, learn more here.
What is top golf?
Paired with an outstanding food and beverage menu, climate-controlled hitting bays and music, every Topgolf has an energetic hum that you can feel right when you walk through the door.
How to access topgolf menu?
All Topgolf locations have a contactless menu option available to view our full food & beverage menu. Just scan the QR code at the table/bay with your mobile device. You can also access the menu by visiting topgolf.com/menu.
What are top golf gift cards redeemable for?
Topgolf Gift Cards are redeemable on game play, food and drinks, Lifetime Memberships, lessons, and gear in our lobby.
How far in advance can you reserve 1 bay?
Reserve 1 Bay (for 1-6 players): Up to 7 days in advance*. Time slots become available at 6 a.m. local time 7 days out, so don't be alarmed if you check at midnight and don't see any availability yet! Set that alarm if you're anxious and be the first to snag a bay.
Does Topgolf charge for gift cards?
No. There are no fees associated with Topgolf Gift Cards. You will only be charged the face value of the Gift Card and shipping. eGift Cards are sent via email and incur no shipping charges.
Do we ever have a bar at Topgolf?
Do we ever! Each Topgolf venue has a full bar with local brews to classic cocktails and a chef-driven menu led by an accomplished Executive Chef. With shareable portions and fresh, high-quality ingredients, you'll find the food and drinks as enjoyable as the games. Once in a bay, our Bay Hosts are happy to get all the eats and sips you want while you play.
How old do you have to be to play Topgolf?
Must be 18+ years of age to book.
Is a game table available at all venues?
Game tables and video game consoles not available at all venues.
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.
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.
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 rain or shine?
Rain or shine, day or night, no matter the occasion, make it more eventful at Topgolf. Each of our venues features dozens of high-tech, climate-controlled hitting bays for year-round comfort, versatile event spaces, a delicious chef-inspired menu and hundreds of Associates eager to help create the moments that matter.
Does Topgolf have a menu?
Did you think we forgot about the eats? No way! At Topgolf, we have event menus for every group, appetite, and budget. Our onsite restaurant and Executive Chef cater your event and make sure everyone is fed and happy because nobody wants to swing a golf club hangry.