How much does it cost to open 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.

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.

How much does a Topgolf make?

Topgolf Salaries

Job Title Salary
Golf Services salaries – 57 salaries reported $10/hr
Bayhost salaries – 56 salaries reported $6/hr
Team Lead salaries – 45 salaries reported $17/hr
Bayhost salaries – 45 salaries reported $7/hr

How much did it cost to open Topgolf?

*An average Topgolf to build is about $25 million without the land. *An average Topgolf requires about 12 acres of land to complete.

How much land do you need to open a Topgolf?

Its first facility is in Vero Beach, Fla., where it sits on 10 acres, and has been very successful. By comparison, Topgolf’s existing facilities have cost $15 million to $50 million, and need a minimum of 13 acres.

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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.

Does Topgolf offer franchises?

If you are an entrepreneur looking for an investment, you need to look no farther than the Topgolf franchise. … The cost to open a Topgolf franchise is around $18 million. However, the typical cost to build an average franchise, such as the Austin Tx facility, is about $15 million.

How much does a Topgolf 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.

How much do directors of operations make at Topgolf?

The average Topgolf Director of Operations earns an estimated $180,300 annually, which includes an estimated base salary of $150,574 with a $29,726 bonus.

Who owns Topgolf?

How much to own a Chick Fil A?

Opening a Chick-fil-A franchise costs between $342,990 and $1,982,225, including a $10,000 franchise fee, but unlike most other franchisors, Chick-fil-A covers all opening expenses, meaning franchisees are on the hook only for that $10,000.

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.

Is Topgolf expensive?

How much does it cost to play at Topgolf? … From noon to 5 p.m., it costs $37 and from 5 p.m. to close, the rental fee is $47 an hour. On Tuesdays-only from 9 a.m. to noon, it costs $13.50 per hour per bay; from noon to 5 p.m. $18.50 and from 5 p.m. to close $23.50.

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Is Topgolf privately owned?

Topgolf Is Still a Private Company Ahead of Merger Deal With Callaway. Topgolf Entertainment Group was founded in 2000 in the United Kingdom. In 2006, investments from Callaway brought the company to the U.S. Topgolf combines sports with technology to make golf entertaining for more people.