How much does a Topgolf franchise make a year?
While a hefty sum to build, the average Topgolf facility returns roughly $21.5 million a year (adjusted for inflation). About half of that revenue is generated from food and drink, and the other half is made from customers paying for a Topgolf bay, for which they pay $30–$50 an hour.
Does Topgolf offer franchises?
How to open a Topgolf franchise? 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.
How much is Topgolf worth?
The companies announced the deal in October 2020, and Topgolf’s merger with Callaway was completed on March 8. The deal valued Topgolf at nearly $2 billion. Topgolf recently added several new executives to direct the company.
Who owns Topgolf franchise?
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 2006 and Thomas Dundon in 2011.
How much does a Topgolf franchise owner make?
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.
Is Topgolf a profitable business?
Topgolf generated approximately $1.1 billion in revenue in 2019 and has grown at a 30% compound annual rate since 2017.
Who is Topgolf competitor?
TopGolf’s top competitors include Diamond Resorts, The Trump Organization, GameGolf and Salamander Innisbrook. Topgolf is a golf entertainment venue. Diamond Resorts (also known as Diamond Resorts International) is a timeshare company.
What is the most profitable franchise to own?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Who is the CEO of Topgolf?
Callaway Golf Company Completes Merger with Topgolf, Creating an Unrivaled Global Leader in the Game of Golf.
Who founded Topgolf?
Golf equipment company Callaway Golf Co (NYSE: ELY) announced this week that it is merging with Topgolf in a deal valued at nearly $2 billion.
How many top Golfs are there in the world?
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 Topgolf an LLC?
Topgolf is a global sports entertainment company headquartered in Dallas, Texas with locations in the United States, United Kingdom, Australia, Mexico and the United Arab Emirates.
|Trade name||Topgolf Entertainment Group|
|Subsidiaries||Topgolf Group Limited Topgolf USA, LLC Topgolf Media, LLC|