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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). As the company expanded, Callaway Golf Company (NYSE: ELY) became an investor in …
Is Topgolf privately owned?
Is Topgolf owned by Callaway?
How much does a Topgolf owner make?
How much is the company Topgolf worth?
Who owns Topgolf Vegas?
| Trade name | Topgolf Entertainment Group |
|---|---|
| Key people | Erik Anderson (Executive chairman) Artie Starrs (CEO) |
| Brands | Topgolf |
| Parent | Callaway Golf Company |
| Divisions | Topgolf Swing Suite Toptracer Global |
Who is the CEO of Topgolf?
Can you invest in Topgolf?
Who is Topgolf competitor?
How many acres do you need for Topgolf?
How much does Callaway make from Topgolf?
With the post-COVID picture getting a bit clearer, Callaway is flexing its muscles and appears quite bullish on 2022. The company projects 2022 revenues to reach $3.8 billion this year with more than $1.5 billion coming from a full year of Topgolf.Feb 11, 2022
How does Topgolf make money?
Is Topgolf a franchise?
Is Topgolf a wholly owned company?
In 2021, Topgolf Entertainment Group merged with the Callaway family of brands and is now a wholly owned subsidiary of Callaway Golf. Erik Anderson now serves as Vice Chairman of the Callaway Board of Directors, and WestRiver Group, Providence Equity Partners and Dundon Capital remain significant shareholders in the combined company.
When did Topgolf start?
What began as a technology developed by the Joliffe brothers to enhance the game of golf led to the first three Topgolf venues in the United Kingdom in 2000. Topgolf Entertainment Group then began its journey to become a technology-driven global sports and entertainment brand when Erik Anderson, Founder and CEO of investment company WestRiver ...
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.
About Callaway's first merger with Topgolf
In 2006, Callaway and Topgolf had their first merger. According to a press release, the merger resulted in "maintained a strong partnership since." The deal allowed Callaway to have an exclusive agreement at all Topgolf locations.
Who owns Topgolf?
With the new merger, Callaway will own 51.5 percent of Topgolf. Other entities still have partial ownership of the entertainment company including Providence Equity Partners, WestRiver Group, and Dundon Capital Partners.
How many Topgolf locations are there?
Topgolf has 63 locations around the world with more planned to open. Aside from the U.S., there are also venues in the U.K. and Australia. Topgolf will open a venue in Dubai soon.
What is Callaway's stock price?
Currently, Callaway has a stock price of $15.77, which is a drop of almost $4 compared to Oct. 27. Google Finance shows that while this isn't the highest stock price Callaway has had in 2020, it's a big improvement from where it was earlier this year.
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.
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.
Where is Topgolf located?
Topgolf is a global sports entertainment community headquartered in Dallas, Texas with locations in the United States, United Kingdom, and Australia. 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, ...
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.
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.
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:
Who is Tony Martins?
Ajaero Tony Martins is an Entrepreneur, Real Estate Developer and Investor ; with a passion for sharing his knowledge with budding entrepreneurs. He is the Founder of Profitable Venture Magazine Ltd, an Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd.
Does Topgolf have a toptracer?
Which also means we can’t get into the details of how it actually works. Topgolf venues are also adding Toptracer technology, allowing you to see a real-time trace of your ball's flight path as well as insights into speed, distance, angle and accuracy. Basically, everything you’d ever want to know about your shot.
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. An outdoor and spacious experience for all Guests with 11 feet from tee to tee.
How many Topgolf locations are there?
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.
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.
How many square feet is Topgolf?
For example, 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! The average TopGolf facility is 65,000 square feet and three storeys high. A single facility can accommodate over 1250 people simultaneously to have fun and relax.
Overview
Games
Topgolf games can be played by all ages and skill levels, and the micro chipped golf balls score themselves, providing players with instant feedback on each shot's accuracy and distance.
• Top Golf – Players aim for 11 giant dartboard-like targets. The further the shot goes and the closer to the pin, the more points the player receives.
• Top Break – has a snooker based format in which a player must hit a red target then a coloured target. The higher value colours, the more p…
History
Twin brothers Steve and Dave Jolliffe had sold their mystery shopping business and were looking for a new project in 1997. Both golfers, they began complaining about golf's issues: the time factor and lackluster driving ranges. Looking to improve the game, the Jolliffes looked to the then-new commercial microchip technology and placed it in the golf ball. From this, they designed a …
Merger with Callaway
On October 27, 2020, Callaway Golf Company announced it would acquire Topgolf for $2 billion. At the time, Callaway held a 14% share of Topgolf. Callaway had invested in Topgolf since 2006, with CEO Chip Brewer serving on the Topgolf board since 2012.
Locations
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. Topgolf also offers golf lessons, leagues, tournaments, concerts, and corporat…
External links
• Official website
• Topgolf Media