What is the history of Topgolf?
Grogan, Main, Wilkinson, Mendell founded and started up the US licensee, Topgolf International, and found investors. WestRiver Group was a lead investor. Alexandria, Virginia was selected due to its close proximity to Washington, D.C., which could attract government officials from golf courses. This location opened in 2005.
Who owns Topgolf?
Grogan, Main, Wilkinson, Mendell founded and started up the US licensee, Topgolf International, and found investors. WestRiver Group was a lead investor. Alexandria, Virginia was selected due to its close proximity to Washington, D.C., which could attract government officials from golf courses.
What is the Topgolf experience?
The Topgolf experience takes many different forms beyond the walls of a venue. From luxury simulator experiences and golf ball tracing tech to video games and original content series— entertaining our guests is the driving force behind everything we do.
How many Topgolf locations are there in the world?
A Topgolf location in Brandon, Florida. There are currently 50+ Topgolf locations, three in the United Kingdom, and one in Australia, 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.
See more
When was Topgolf introduced?
2000The Jolliffe brothers and a licensee developed the first three Topgolf locations in the United Kingdom beginning in 2000. 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.
Who invented Topgolf?
TopgolfTrade nameTopgolf Entertainment GroupIndustrySports entertainmentFounded2000 Watford, England, U.K.FoundersSteve Jolliffe Dave Jolliffe Mark Murray Barry CumbieHeadquartersDallas, Texas , U.S.10 more rows
Where was the original Topgolf?
WatfordTopgolf originated from the timeless golf question, "Who hit it closer?" Originally called "Target Oriented Practice Golf," the founders of Topgolf used proprietary radio-frequency identification (RFID) technology and dartboard-style targets to answer this question, and the first Topgolf venue was created in Watford in ...
When did Callaway buy Topgolf?
Under the terms of the merger agreement, which was previously announced on October 27, 2020, Callaway issued approximately 90 million shares of its common stock to the shareholders of Topgolf, excluding Callaway, which previously held approximately 14% of Topgolf's outstanding shares.
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.
How much is a Topgolf franchise?
How much does the 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 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.
How does Topgolf make money?
How Much Does Topgolf Make in Profit? According to the Making of a Millionaire, a Topgolf venue can return around $21.5 million yearly. An estimated 50% of business revenue is generated through food, drink, and alcohol sales. The other 50% of revenue comes from renting out bays at $30 – $50 per hour to guests.
Why is Topgolf so popular?
The more relaxed, welcoming, and social atmosphere factor into the popularity of Topgolf among the younger generation, with many using Topgolf as a place to conduct meetings and business deals just like a traditional golf course.
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 Topgolf competitor?
Golf Channel is the go-to platform for golf entertainment, making it one of Topgolf's competitors. The company owns GolfNow, an online booking service for over 9,000 golf courses.
Who owns Callaway Golf now?
Answer. Started by Ely Reeves Callaway Jr in 1982, Callaway Golf is one part of the Callaway Family interests.
Where did the name Topgolf originate?
Topgolf originated from the timeless golf question, "Who hit it closer?". Originally called "Target Oriented Practice Golf," the founders of Topgolf used proprietary radio-frequency identification (RFID) technology and dartboard-style targets to answer this question, and the first Topgolf venue was created in Watford in the United Kingdom in 2000.
How many Topgolf venues are there?
Topgolf breaks Guinness World Record for most golf balls hit simultaneously around the world. As of December 29, 2019, Topgolf owned, operated or franchised 58 Topgolf venues consisting of 57 company-operated venues in the United States and the United Kingdom and one franchised venue in Australia. 2020.
What is topgolf entertainment?
Topgolf Entertainment Group is a technology-enabled global sports and entertainment leader built on a foundation of community, inclusivity and fun. What started as a simple idea to enhance the game of golf has grown into a movement where people from all walks of life connect at the intersection of technology and sports entertainment. Topgolf Entertainment Group's platforms include Topgolf venues, Topgolf Media, Topgolf International, Toptracer and Topgolf Swing Suite. To learn more about Topgolf, visit www.topgolfentertainmentgroup.com or follow Topgolf on Instagram, Facebook, Twitter and LinkedIn.
What is Callaway Golf?
Callaway Golf Company (NYSE: ELY) is a premium golf equipment and active lifestyle company with a portfolio of global brands , including Callaway Golf, Odyssey, OGIO, TravisMathew and Jack Wolfskin. Through an unwavering commitment to innovation, Callaway manufactures and sells premium golf clubs, golf balls, golf and lifestyle bags, golf and lifestyle apparel and other accessories. For more information please visit www.callawaygolf.com, www.odysseygolf.com, www.OGIO.com, www.travismathew.com, and www.jack-wolfskin.com.
When did Topgolf Alexandria open?
The official opening date was Friday, August 5, 2005. An article on the opening of Topgolf Alexandria in the Washington Post pontificated on the joys of competing with your friends in a golf game while gorging yourself on “chicken fingers and glasses of wine.” 2 God bless America.
Where is Topgolf located?
Brothers Steve and Dave Joliffe began the Topgolf enterprise in 2000 after opening its first location in Watford, United Kingdom. The brothers were fed up with the inefficiencies of traditional driving range and felt that a new, larger design would attract large groups of people would be better.
Is Topgolf Alexandria obsolete?
The rooftop terrace even had a fire pit. 3 In essence, Topgolf Alexandria was stylistically obsolete. The Washington Business Journal reported to no surprise in October of 2015 that the landowner of the establishment had decided to end their lease with Topgolf, leaving the future of the establishment in flux.
Who is the CEO of Topgolf?
Dolf Berle, Topgolf’s current CEO, will continue to lead the Topgolf business through the transitional period, then step down and leave the company. Topgolf will join Ogio, Travis Mathew and Jack Wolfskin under the Callaway brand.
What is Callaway Golf?
Callaway Golf is one of the biggest and most well-respected golf equipment makers in the world. Topgolf has established itself as a brand that successfully combines technology, entertainment and sports, attracting golfers and non-golfers alike to its 58 locations across America.
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 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.
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.
Where is Topgolf located?
Topgolf operates entertainment-first driving ranges around the country and licenses out the company name for ranges in foreign countries. The first Topgolf locations opened in the United Kingdom before coming to the United States. Based in Dallas, Topgolf has expanded rapidly in the United States in recent years. There are locations in Australia.
How much does Topgolf make?
According to a release announcing the merger, Topgolf made approximately $1.1 billion in revenue in 2019 and has grown at a 30 percent compound annual rate since 2017. To complete the merger, Callaway will issue approximately 90 million shares of its common stock at $19.40 per share to the shareholders of Topgolf outside of Callaway.
How much did Callaway invest in Topgolf?
Callaway initially invested $50 million for a 20 percent stake in the company back in 2006, at one of the lowest points for the equipment maker, and they've been an early supporter of Topgolf's expansion.
When will Topgolf IPO?
Shares of Topgolf will be issued based on the implied $2 billion valuation, which is approximately half the valuation at which Topgolf was reported to be considering for an initial public offering (IPO) as recently as January 2020.
What is the value of Topgolf and Callaway?
Callaway and Topgolf agree to merger, with Topgolf valued at $2 billion. Callaway and Topgolf have agreed to a merger that would bring together the two companies, valuing Topgolf at approximately $2 billion. The surprise announcement was made Tuesday. Callaway said in announcing the all-stock merger that its CEO, Chip Brewer, ...