How to open a Topgolf 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. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your Topgolf franchise. ...
Full Answer
How much does it cost to open a Topgolf franchise?
It is estimated that an average Topgolf franchise costs around $20 million. It should be noted however, there is a big gap in individual franchise costs with reported figures of $18 million for a facility in Austin, Texas right up to $50 million for a Las Vegas Topgolf center in Nevada.
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
Why join Topgolf?
With over 90% of patrons revisiting a second time, TopGolf has captured the fun and strategy of the game and made it accessible to everyone. Grow your skills while you grow your bank account. Maybe one day you can open up your very own TopGolf franchise! In the mean time, enjoy your membership and visit as many locations as you can.
How much does it cost to build a Topgolf venue?
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. In 2022, there are 68 TopGolf venues in the U.S. and seven international locations.
See more
Does Topgolf Franchise?
The official line from Topgolf is that they do offer franchise opportunities but only through their international partnership program. There are however strong online indications that US Topgolf facilities could be franchised by getting in touch with Topgolf through their online contact forms.
How Much Does a Topgolf Franchise Owner Make?
The average annual salary for a Topgolf owner is approximately $58,000 per year. On top of this, the owner also can expect to receive additional payments in the form of profit bonuses that the Togolf facility makes in any trading year.
Are You Ready to Invest in Topgolf?
In this article, we’ve covered the basics of what you need to know about Topgolf and answered the question of is Topgolf a franchise? and how it can be a great investment opportunity for anyone in search of an indoor golf franchise.
Who is Top Golf Owned By?
Topgolf is owned by Callaway Golf in a takeover deal that was officially announced in October 2020 at a cost of an estimated 2.6 billion dollars. This new ownership is seen as a smart move by the Carlsbad-based business in order to further promote the brand to a new indoor golf-based demographic.
What is top golf?
Topgolf is the popular indoor golf facility where fans of golf go and enjoy playing golf in a social but competitive environment.
Is Topgolf a good franchise?
If you have a passion for golf and a sound business brain then the Topgolf franchise ownership could be a very lucrative opportunity.
Do you need deep pockets to open a topgolf?
Actual costs depend on the location and size of the facility but it’s clear that in order to meet the necessary requirements of opening up a Topgolf franchise you need deep pockets.
Expanding Topgolf around the globe
Topgolf International focuses on expanding Topgolf around the Globe, connecting people in meaningful ways through the experience we create, the innovation we champion and the good we do. After success in the United States and United Kingdom, Topgolf International was established to expand into territories across the globe alongside talented local Franchisees.
Become a Topgolf Franchisee
Thank you for sharing your interest in becoming a Topgolf International Franchisee. Finding the right partner is the first step to developing our brand in your country/countries. The bar we have set to become a Topgolf Franchisee is exceptionally high.
