- Ensure you have adequate capitalization. To open the Topgolf sports & entertainment bar franchise, you must have an average initial investment of $18 million.
- Appreciate the investment required for a sports bar franchise. You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the ...
- Evaluate your prior experience and strengths. You should thoroughly evaluate your prior business experience before applying to become a Topgolf entertainment franchise owner.
- Assess market availability. You will want to look at the market availability for Topgolf franchises and see if there are available markets in your location of interest before proceeding with ...
- Submit your application. Your application will be reviewed by the Topgolf franchise team. ...
- Receive approval & opening your Topgolf franchise. You will receive franchise approval once your financial and background checks are completed. ...
Full Answer
How to open a Topgolf franchise?
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: Fill the application at the website for opening a store. You will need to include your name, address, city and state.
How much does it cost to open bigshots golf franchise?
BigShots Golf Franchise Offering 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.
Who owns Topgolf in the US?
The U.S. licensee, with WestRiver Group as the lead investor, brought Topgolf to the U.S. in 2005 with the opening of Topgolf Alexandria. WestRiver Group was founded and is run by Erik Anderson, Executive Chairman of Topgolf International, Inc., dba Topgolf Entertainment Group (TEG).
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.
How much does a Topgolf franchise owner 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 a 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 does Topgolf make a year?
Topgolf generated approximately $1.1 billion in revenue in 2019 and has grown at a 30% compound annual rate since 2017.
Are Topgolf franchises 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.
Who owns Topgolf franchise?
Callaway Golf CompanyTopgolfTrade nameTopgolf Entertainment GroupKey peopleErik Anderson (Executive chairman) Artie Starrs (CEO)BrandsTopgolfParentCallaway Golf CompanyDivisionsTopgolf Swing Suite Toptracer Global10 more rows
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.
What franchise makes the most money?
According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own.
Can owning a franchise make you rich?
The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
Is TopGolf growing?
Join Over 1 Million Premium Members Receiving… Same-venue sales were up 2.3% in the quarter compared to the same period in 2019. Over the long term, Callaway plans to grow Topgolf by opening up around 10 new locations each year as well as by driving same-venue sales growth.
Does Callaway own all of TopGolf?
With the acquisition complete, Callaway shareholders own 51.3 percent of the combined company and former Topgolf shareholders own 48.7 percent. Topgolf operates about 60 venues in North America.
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 much does it cost to open a drive shack?
Each Drive Shack location costs about $30 million to build. The company said it has identified 30 sites it would like to develop, with the goal of building 5 to 10 new locations annually starting in 2020.
How much is Chipotle franchise?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows
Who builds Topgolf?
Supporting this consistent growth, ARCO/Murray Construction Company has provided design/build services for U.S. Topgolf locations since 2006. Partnering with its client and with Aria Group Architects, Inc., ARCO/Murray has helped create at least 60 Topgolf entertainment destinations with more planned.
Who is the CEO of Topgolf?
Artie Starrs (Apr 5, 2021–)Topgolf / CEOArthur (Artie) Starrs serves as Chief Executive Officer for Topgolf Entertainment Group where he is responsible for the company's overall vision and continued growth as one of the premiere sports entertainment companies in the world, fueled by parent company Callaway Golf.
Is Topgolf patented?
Topgolf is the premier, patent-protected golf entertainment concept where the competition of sport meets your favorite local hangout. The Topgolf concept was invented in 1999 outside of London, England with the mission of developing a better way to practice the game of golf through technology implementation.
Who is Topgolf competitor?
TopGolf's top competitors include Salamander Innisbrook, Diamond Resorts, GameGolf and The Trump Organization. Topgolf is a golf entertainment venue.
Who builds Topgolf?
Supporting this consistent growth, ARCO/Murray Construction Company has provided design/build services for U.S. Topgolf locations since 2006. Partnering with its client and with Aria Group Architects, Inc., ARCO/Murray has helped create at least 60 Topgolf entertainment destinations with more planned.
How much is Chipotle franchise?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows
How much does it cost to open a drive shack?
Each Drive Shack location costs about $30 million to build. The company said it has identified 30 sites it would like to develop, with the goal of building 5 to 10 new locations annually starting in 2020.
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?
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.
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.
Why Open a Topgolf Franchise?
Moreover, there are 12 topgolf that are undergoing construction which 9 in the states themselves and 3 in the rest of the world like UAE, Mexico, and Canada.
Advantages of Topgolf Franchise
You will not have any problem with establishing this business franchise. As it is a household name in itself.
How to open a topgolf franchise?
Typically the topgolf franchise center is about 65,000 Square feet with 3 feet of floors high. That ensures to have an adequate amount of capitalization which includes an average initial investment of about $18 million.
How to Get a Topgolf franchise?
If you are okay with the requirements and finance-related information. Then you need to follow these steps below.
Things you should know about the Topgolf franchise
Topgolf franchise offers year-round entertainment with the idea of making pastimes more fun. The only requirement of the customer is to be good at sport. Because of this fundamental change, golf has become a prime source of entertainment for family and friends alike.
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.
