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 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.
Can anyone own a Topgolf?
The average TopGolf facility costs approximately 18 million dollars to establish. ... At this time, the official website is stating that TopGolf is a privately owned company with no current franchise opportunities; however, if you do have 10 to 20 million lying around, you may wish to pursue this endeavor.Sep 10, 2020
How many acres do you need for Topgolf?
Topgolf facilities require about 13 acres (5 ha), typically in shopping and entertainment districts near employment centers, as well as specialized buildouts involving netting and poles rising as high as 150 feet (46 m). The latest sites employ more than 400 people, including part-timers.Aug 11, 2014
How much does a Topgolf franchise make?
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.Oct 27, 2020
How much land do you need for a Topgolf?
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 profitable is a Topgolf franchise?
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.