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how uch does it cost to open top golf

by Berniece Simonis Published 2 years ago Updated 1 year ago
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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.

Full Answer

How much does Topgolf pay hourly?

The average Topgolf hourly pay ranges from approximately $15 per hour for a Bay Host to $133 per hour for a Maintenance Associate. Topgolf employees rate the overall compensation and benefits package 3.5/5 stars.

How expensive is Topgolf?

Topgolf rates (hourly, per bay)

  • 9 a.m. - noon: $25
  • 12:01-5 p.m.: $35
  • 5:01 p.m. - close: $45

What is the average price of a golf membership?

Like private clubs, there are memberships for individuals, family, corporate and non-residents. The average cost will be between $1,000 to $5,000 + per year. A rule of thumb is that a semi-private club is approximately half the cost of a private club.

What is TopGolf and how much does Topgolf cost?

Topgolf is a global sports entertainment community headquartered in Dallas, Texas with locations in the United States, United Kingdom, and Australia. 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.

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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.

What is the average cost to build a Topgolf?

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!

How much does one Topgolf 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.

How many acres do you need for Topgolf?

Topgolf facilities require about 13 acres (5 ha), typically in shopping and entertainment districts near employment centers, as well as specialized buildouts involving netting and poles rising as high as 150 feet (46 m). The latest sites employ more than 400 people, including part-timers.

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

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?

Topgolf venues entertain more than 20 million guests annually at over 60 locations across the U.S. and internationally. To learn more or plan your visit, visit topgolf.com.

Is Topgolf public?

The company reportedly explored going public at a valuation as high as $4 billion, according to Bloomberg News. But pandemic closures dampened its financial results. Through the first nine months of 2020, Topgolf's revenue came in at just $485,500, according to the proxy statement for the Callaway transaction.

What does Topgolf pay in Georgia?

The average Topgolf salary ranges from approximately $24,458 per year for a Dishwasher to $118,067 per year for a Director. The average Topgolf hourly pay ranges from approximately $3 per hour for a Bay Host to $16 per hour for a Maintenance Associate.

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.

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.

Is Topgolf heated in the winter?

Unless it's an extreme weather event, nothing can stop a good time at Topgolf, not even rain or snow. Our venues are all-weather facilities with covered hitting bays that are fitted with fans for the summer and heaters for the winter.

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 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.

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 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 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.

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.

How much does Topgolf cost?

According to the Las Vegas Topgolf location, from 9 am to noon, you will pay about $25 per hour, from 12 pm to 5 pm, you’ll be charged $35 per hour, and from 5 pm to closing time is $45 per hour.

What is the premise of Topgolf?

The premise of Topgolf is bringing people together to hit some golf balls, eat delicious food and drink tasty drinks. When you enter Topgolf, you reserve a hitting bay, a pod where you and your group will play. You’ll be receiving golf clubs of different sizes for your group.

How many people can play Topgolf at once?

Every bay has a waitstaff and a personal driving range tee. This attraction is similar to a bowling alley where you take turns golf. Every game allows six players to play at once. Topgolf tends to attract people of all skill levels since knowing how to play golf is not required.

Is golf hard to learn?

Golfing is generally a hard sport to learn. However, Topgolf takes a lot of the skill out of the game. Players have to hit the ball within the large zones to score points instead of hitting it into a hole.

Do you have to pay for a golf club at Topgolf?

You also don’t have to pay for renting their golf clubs since they provide ones for you to use. Players can bring their own golf clubs if you choose. However, most people who play at Topgolf don’t work on their game. Instead, they are looking to have a fun time.

Is there a dress code for Topgolf?

There isn’t a dress code for this place. However, it is advised to wear something casual and comfortable since you’ll be hitting golf balls. Ideally, you shouldn’t wear anything restrictive. Be sure to check out our recent post on the Dress code at Topgolf..

Is Topgolf a good place to play golf?

Topgolf has gained incredible popularity over the years and is an attractive destination for people to have a good time. More locations are being opened, especially in affluent suburbs. Topgolf is an excellent destination to take your friends, family, and even business partners out to golf at a driving range environment while enjoying their food ...

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