Full Answer
How much does it cost to open an X golf franchise?
What is X golf?
Is X golf unique?
How much does it cost to open a X golf franchise?
The franchise fee to for an X-Golf location of your own is $30,000. Depending on build-out costs, the total investment to open is generally $700,000. SBA funding is available with minimum liquid capital of $100,000.
How much do X Golf franchises make?
X-Golf Franchise Sales FiguresRange LowMeanYear Opened20172018Gross Profit$369,397$468,886ExpensesAdvertising & Marketing$16,456$19,58320 more rows•May 12, 2022
Is owning a Golf simulator profitable?
The short answer is yes. There is a ton of profit to be made from these simulators if you do it right. Although there will be large upfront costs to enter the business, you can make hundreds of thousands of dollars in revenue depending on how much you charge per hour of use and a few other factors.
Who owns Xgolf?
X-Golf America, which uses technology developed by South Korean RD-Tek, has been a standalone company since 2010. Its CEO, Ryan D'Arcy, started the successful franchise program in 2016, strategically driving the company's growth.
Is Topgolf a franchise?
While Topgolf remains exclusively owned and operated in the US and UK, Topgolf International has been established to expand into territories across the globe alongside talented local Franchisees.
Is BigShots Golf a franchise?
BigShots Golf has a franchise fee of up to $125,000, with a total initial investment range of $8,560,250 to $12,037,604.
How much money do golf simulators make?
The typical simulator rate is in the $35-$40 an hour range. Depending on what you offer, food and beverage income for an indoor golf center can be substantial. The food and beverage forecast will be based on an average tab per patron. Research finds an average sports bar tab between $12 and $20 per person.
What simulator do pro golfers use?
TrackMan. TrackMan might just be the most popular golf simulator with tour professionals, with hundreds of big names using the technology to better their games. Players like Justin Thomas, Sergio Garcia and Dustin Johnson have all been known to use TrackMan simulator technology as part of their training regimes.
How much space do you need for a golf simulator business?
Golf Simulator Room Sizing Guide In general, if you have enough space to swing your longest club, then you have just about enough space for a golf simulator. The minimum space required to set up most golf simulators is 10'W x 10'L x 8.5'H.
Are golf simulators A Good Investment?
Sure, a golf simulator is a significant investment in your golf game at the start, but it is a highly valuable asset that will keep getting cheaper over time as your golf game improves.
Is a golf simulator worth the money?
Some may question whether a golf simulator is worth it due to a perceived limited range of shots. However, golf simulators allow you to hone your skills across all shot types, perfectly replicating any type of shot you may need to play on your home course.
Do golf courses make money?
Typically, golf courses make anywhere from a few hundred thousand dollars to more than five million dollars annually, according to Golf Cart Report's 2022 market report.
Are golf simulators good practice?
A golf simulator can not only improve your mechanics, it can make you mentally stronger. Using the data analysis provided by your simulator, you can perfect your swing, learn to select the correct club, shape your shots, thus improving your skills, abilities, and consistency.
X Golf Franchise Cost, Fees & Financials (2022)
What to know about X Golf franchise? X-Golf is an indoor golf entertainment franchise that offers a fun and unique experience for customers of all ages. X-Golf's state-of-the-art golf simulators provide an opportunity for customers to play golf indoors, regardless of the weather outside. In addition to simulated golf, X-Golf locations offer refreshments such as food and drinks (both alcoholic ...
X-Golf Franchise Corp. Franchise Costs & Fees
X-Golf Franchise Corporation is currently expanding across the U.S. with over 30 storea open and operating. Our plan to revolutionize the indoor golf business is well underway! Contact our franchise department today to discuss the possibility of opening your own indoor golf center.
X-Golf Franchise Review | FranchiseGrade.com
How much does a X-Golf franchise cost? Are there any X-Golf franchise opportunities near me? Here are the answers to some of the most frequently asked questions about X-Golf franchises.
How much does an X-Golf franchise make?
As with any business, profits from an X-Golf franchise depend on a variety of factors. Typically, profits are proportionate to the size of investment . Demand for your products, labor costs, commercial lease rates and a number of other variables also play a huge role in your bottom line. For system-specific data, unlock this franchise .
What is X golf?
X Golf is an indoor golf entertainment facility serving food and beverages in a fun and upbeat atmosphere.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 20 franchised X-Golf locations in the USA.
Get Franchise Support from Our Growing Team
Each X-Golf location has the full support of our Head Office team. X-Golf has specialist resources to advise on each of the following franchise components:
Qualifications, Territories and Fees
A successful franchisee for X-Golf America should have: 1. A huge passion for golf. 2. A real knack for business. 3. Proper funding in place.
How much does a "X Golf" franchise cost?
The minimum amount required for a franchisee to invest is $547,200 and can go all the way up to $900,000.
What is X golf franchise?
The franchised business is to operate an indoor golf entertainment facility serving food and beverages in a fun and upbeat atmosphere under the trade name “X-Golf”. The experience will center around the use of golf simulators which provide an opportunity ...
About Franchise
Since opening in America in 2015, interest in our franchise model has steadily grown. It now includes multiple locations across America including Texas, Alabama, Louisiana, Colorado, and Michigan.
Training and Support
Each X-Golf location will be fully supported by our Head Office team. X-Golf has specialist resources available to advise on each of the following business model components:
Partner Requirements
A successful franchisee for X Golf America should possess a passion for golf and have some business know-how. The ideal candidate must also have proper funding in place.
Request Information
Complete the form below to get more information, including estimated costs to open and operate this franchise.
Additional Cost Breakdown
The following costs are part of the upfront costs included in the initial investment The amount of funds necessary to begin operations of a business or franchise including the first three months of operation. for an X-Golf franchise. Many of these are one-time fees that are needed to launch the franchise.
2018 X-Golf Median Operating Profit
Based on a midpoint investment A stock (also known as equity) is a security that represents the ownership of a fraction of a corporation.
2019 X-Golf Median Operating Profit
Based on a midpoint investment of $731,600 with profits of $19,403 (2.7% profit margin) it would take about 38 years to recoup your investment.
X-Golf Franchise Corporation Income Statement Key Insights
The X-Golf Franchise Corporation was profitable When the earnings in a given period of time is more than the expenses in a business. in 2020 with a net income of $156,059. This is up from $79,662 and $39,315 in 2019 and 2018, respectively.
X-Golf Franchise Corporation Cash Flow Statement Key Insights
In 2020, the X-Golf Franchise Corporation had a net income of $156,059, but their cash totaled $226,254, which is a 10% increase from the amount of cash they started the year with. However, net cash provided by operating activities decreased in 2020 to $22,401 from $190,829 in 2019.
Download our free exclusive industry guide
Having put someone or something through a careful examination. At Vetted Biz, we put franchises and businesses through a careful examination and benchmarking of 20+… More
THE WORLD'S BEST INDOOR GOLF FRANCHISE
This is the brand new style of sport CAFÉ & PUB, and you will be the first owner in your place ever. Its business model has been proved well in U.S.A, Australia.
COMPETITIONS
Teams of three battle head to head in a 9-hole handicapped match play format held weekly at X-Golf venues throughout Australasia. Both time efficient and cost effective.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a X-Golf franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where X-Golf landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where X-Golf ranked on other franchise lists? Find out below.
How much does it cost to open an X golf franchise?
How much does it cost to open a X-Golf Franchise? The estimated investment required to open a X-Golf Franchise is between $547,200-$900,000. There is an initial franchise fee of $30,000 which grants you the license to run a business under the X-Golf name.
What is X golf?
X-Golf ’s state of the art simulators each have their own view screens designed with a real world perspective for the ultimate golf simulator experience. Each simulator has an automatic ball feeder, a high performance 35 graphics/physics engine, precision sensor system, and sophisticated swing analysis. On X-Golf simulators, customers will have the ability to play over 150 world famous golf courses. Whether the customer wants to shoot a round or compete with other golfers, the simulator is able to adapt and offer the versatility to account for local tastes and trends of golfers.
Is X golf unique?
Since, the X-Golf concept is relatively unique in the industry from a competitive standpoint; it’s a great time to come on board this exciting new concept as we strive to become the industry leader in Indoor Golf.
