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Topgolf Franchise Facts.
How much does it cost to own a Topgolf franchise?
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 big is the average TopGolf facility?
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. 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:
How much does it cost to open bigshots golf franchise?
BigShots has been acquired by ClubCorp last year and since then it has been aiming to expand rapidly with 30 to 60 more bays, with each facility costing $8.5 to $12 million compared to a Topgolf franchise cost of $18 million. BigShots Golf Franchise Offering Other useful resources for Entrepreneurs and Small Business Owners
How much does it cost to open a sports bar franchise?
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. Evaluate your prior experience and strengths.
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How much do Topgolf franchises make?
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.
How much money does a Topgolf owner make?
How much does a Business Owner make at Topgolf in the United States? Average Topgolf Business Owner yearly pay in the United States is approximately $58,201, which is 10% below the national average.
How much does one Topgolf make a year?
Topgolf generated approximately $1.1 billion in revenue in 2019 and has grown at a 30% compound annual rate since 2017....Press Releases.($ in millions, except EPS)2020 Q3 EstimateYear over YearAdjusted EBITDAS*$87 million+53%2 more rows•Oct 27, 2020
Who owns Topgolf franchise?
TopgolfTrade nameTopgolf Entertainment GroupArea servedUnited States, United Kingdom, Australia, Canada, Germany, Mexico and UAE.Key peopleErik Anderson (Executive chairman) Artie Starrs (CEO)BrandsTopgolfParentTopgolf Callaway Brands10 more rows
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
How much does it cost to start a Topgolf?
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.
Is Topgolf a good business?
Depending on Topgolf's venue size, development costs range from $15 million to $60 million per build — with the average venue development cost coming in at $30 million. Topgolf is a winning business and is an incredibly impressive golf business. Providing some context of Topgolf's $1.2 billion in revenue.
Who is Topgolf competitor?
Here is a look at how some of Topgolf manages to stay on the top despite fierce competition from Game golf, drive shack, and diamond resorts international!
How many Topgolf locations are there?
Borne out of innovation, the first Topgolf venue opened in 2000 in the U.K. Since then, our technology-enabled venues have grown to over 60 locations around the globe, including owned and operated venues in the U.K. and the U.S. We serve more than 23 million Guests each year and welcome people from all walks of life to ...
Is Tiger Woods involved with Topgolf?
Best Covid-19 Travel Insurance Plans The modernization of golf trend also sees TMRW Sports, a company founded by Tiger Woods, Rory McIlroy and Mike McCarley, a former president of the Golf Channel, teaming up to kickstart the TGL in partnership with the PGA Tour.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
How much is a drive Shack franchise?
Alternative to opening TopGolf Franchise Drive Shack is the biggest competitor of TopGolf with a similar concept of 3 storeys of interactive golf, drinks, food, games, and events. However, opening a single Drive Shack franchise costs approx. US $30 million to build.
Who is the CEO of Topgolf?
Artie Starrs (Apr 5, 2021–)Topgolf / CEO“What we're trying to do here is democratize the thrill of hitting a golf ball,” Topgolf CEO Artie Starrs told The Dallas Morning News. Crocker, 50, and her co-workers at real estate firm EmpowerHome Team illustrate Starrs' point.
Are driving ranges profitable?
How much profit can a driving range 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.
Who is Topgolf competitor?
Here is a look at how some of Topgolf manages to stay on the top despite fierce competition from Game golf, drive shack, and diamond resorts international!
Why is Topgolf so successful?
Topgolf provides a unique platform for non-golfers and beginners to get into the game without any pressure or the fear of embarrassment—at 51%, over half of all Topgolf guests are non-golfers. And of those non-golfers who visited Topgolf, 75% said they now had an interest in playing golf on a real course.