You would need at least 60 thousand square feet of land (or over 13 acres) in order to have enough space to build a Topgolf facility.
How much does it cost to build a Topgolf facility?
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. In contrast, in Las Vegas, at the other end of the scale, the Topgolf franchise cost upward of $50 million.
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 many square feet is Topgolf?
The typical Topgolf facility is a 65,000 square foot, 3-story, indoor/outdoor venue with 102 hitting bays, bars, meeting facilities, restaurants and seating for over 300. The flow of the facility was inspired by the game itself, creating a complete, vibrant, interactive entertainment experience.
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.
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 owns Topgolf?
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.
How much is a bay at Topgolf?
Here’s how much a trip to Topgolf may cost you:-Topgolf’s website says, in most locations, it costs $25 to play per hour, per bay–which can fit up to six people–before noon. From noon to 5 p.m., it costs $35 per hour, and after 5 p.m., it costs $45 per hour.
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.
How many floors is Topgolf?
The venue’s four floors each offer a different experience.
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.
How many levels is Topgolf?
Tee off from the ground floor or up to three levels high. Our innovative multi-level venues were the first of its kind and encompass technology, entertainment, and food and beverage – all in one place.
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.
How much does it cost to own a franchise?
How much does it cost to start your own franchise? Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.