Topgolf generated about $1.1 billion in revenue in 2019 after having grown at a 30% compound annual rate since 2017.
How much do Topgolf owners 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 successful is Topgolf?
More than 13 million customers visited Topgolf in 2017, a daily average of 35,000, with 17 million visits projected for this year. And Topgolf is broadening its game too.
Is Topgolf in debt?
“Topgolf was substantially impacted by the coronavirus outbreak which led to negative EBITDA LTM as of Q3 2020 with over $500 million of outstanding debt in addition to operating leases and landlord financings related to its venues.
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.
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.
Is Topgolf a good investment?
It will take strong execution from management to make the Topgolf acquisition worthwhile. But with over $630 million in cash and available borrowings at year-end, the company is in a strong financial position to continue investing heavily into Topgolf and its legacy businesses.
Who is Topgolf target market?
Who is the demographic you are trying to reach? Topgolf appeals to all ages, but the majority of our guests are ages 18-to-34. Female visits have increased by 13 percent in the past three years, and we are excited to see that fan base grow for us.
Is Topgolf owned by Callaway?
Callaway Golf Company Completes Merger with Topgolf, Creating an Unrivaled Global Leader in the Game of Golf.