Do you want to start a mini golf resort business by buying Topgolf franchise? If YES, here is how much it cost to open a Topgolf franchise and their requirement. Topgolf is a global sports entertainment community headquartered in Dallas, Texas with locations in the United States, United Kingdom, and Australia. There are currently 57 Topgolf locations, 53 in the United States, three in the United Kingdom, and one in Australia.
There are also 12 more locations under construction, 9 in the United States and 3 in the rest of the world (1 each in Canada, Mexico and the United Arab Emirates). Each Topgolf venue features climate-controlled hitting bays for year-round play, food, beverage, music and HDTVs on which various sports games are shown, such as football, basketball and golf. Topgolf also offers golf lessons, leagues, tournaments, concerts, corporate and social events.
Financial Investment Required to Open TopGolf Franchise
- Investment Estimate
The average TopGolf facility costs approximately 18 million dollars to establish. Originating in the uk and now with numerous locations over the USA; the company plans to expand globally. 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.
Below is the summary of the cost of starting a TopGolf Franchise;
On average a TopGolf franchise costs up to $18 million dollars to build, however startup costs will fluctuate. One facility in Austin, Texas was built for around $15 million while a new TopGolf that was built in Las Vegas cost over $50 million.
How to Get a TopGolf Franchise
If you are cool with the requirements and finance involved in acquiring this franchise, then you need to follow these steps;
- Fill the application at the website for opening a store. You will need to include your name, address, city and state. You need a phone number and email address. Then choose the amount of capital you will have to invest.
- Wait for the email that confirms that your application was received and is being reviewed. This email will tell you if you will be approved for the location. It will also go into more specifics regarding the financing. You will be asked to schedule a time for an associate to call you and talk more.
- Ensure to have your financial papers ready when you have your phone conversation. This is when you will find out if you have enough money to open the store or if you will need financing. If you need help with financing, you can apply for an SBA prequalified loan through the website.
- Note that approval is expected to be quick once you meet the requirements. You should already have a building with all the hookups. After you are approved, the organization will start sending fixtures and merchandise to your building.
- You will then be mandated to attend a workshop at the headquarters before the opening of your store.
Some Things You Should Know About Topgolf Franchise
a. Focusing on Fun
TopGolf locations have revolutionized the sport by taking the serious level down a notch. Being good at golf is not a requirement to have fun and enjoy a lively atmosphere. Tasty appetizers, refreshing drinks and some fun music provide a delightful atmosphere while you practice your swing and perfect your game. Continuous food and drink service by servers known as “caddies” enables you to stay focused and get in the zone.
b. Micro-chipped Balls and an Outfield
Imagine hitting your golf ball and instantly reading the stats on your shot. The genius behind TopGolf relies on using special golf balls outfitted with micro-chips. Players then utilize real clubs (free to rent for the entire family) and take shots onto an outfield. Highly addictive and entertaining, players of all capacity will enjoy the positive atmosphere and feedback on every shot. Targets range from 215 yards to 20 yards; ideal for everyone.
c. Membership Cards
Players never have to worry about keeping track of their previous scores as their membership card holds all the answers. Purchase your games onto your card and use at any TopGolf location. Note that once game credits are loaded onto the card, they are unable to be refunded.
d. Approximately 18 Million to Build
The average TopGolf facility is 65,000 square feet and three storeys high. Over 1250 people can simultaneously have fun and relax. This destination features monthly membership fees or one time drop in opportunities. There are special discounts for Junior Members available. Due to the state-of-the-art equipment, exuberant real estate and spectacular facilities, these locations are popping up with excellent revenue reports and decent expansion.
e. Your Inventory
Most Golf franchises carry copious amounts of equipment to ensure that players have everything they need for a great game. Your franchise will have specific build out and display options to secure the following items:
- golf balls
- club accessories
- pro-line equipment
- junior equipment
- men’s, ladies and children’s apparel
- along with a host of other golf related items.
f. Climate Controlled Hitting Bays
TopGolf locations offer year round entertainment. Never experience numb hands, disruptive wind or rain or not being able to see your ball due to the sunshine. Enjoy your membership on a daily basis and swing by after work or school. Plan your next corporate event, birthday party or team building exercise in a facility that offers exceptional service and memorable fun.
g. Goodbye Dress Code and 5 Hour Games
Many people want to swing their clubs yet feel discouraged at a regular driving range. Waiting for your tee time or having experienced golfers line up behind you can be intimidating. Thankfully, TopGolf offers a roof top terrace complete with fire pits and an exquisite lounging facility to help you pass the time. An official dress code is not required. Socializing and fun is the mainstay along with perfecting your game of course.
h. Entertainment Factor
If you have ever wondered how close your ball made it to the target or how far you actually hit it; fear not. Every golfer has had those very questions and it was this lack of data that created the TopGolf concept in the first place. With over 90 percent of patrons revisiting a second time, TopGolf has captured the fun and strategy of the game and made it accessible to everyone.
Frequently Asked Questions
Can You Buy A Topgolf Franchise?
No, the company is not offering franchise opportunities at the moment.
Who Is CEO Of Topgolf?
Why Is Topgolf So Popular?
Topgolf is so popular because it is changing the face of the traditional golf industry. It is inviting more people to enjoy the game of golf without the pressure and sometimes intimidating nature of a full course.
Can Kids Go To Topgolf?
Yes, Topgolf is perfect for all ages! With seasonal academies and leagues, lessons and birthday parties throughout the year, kids will have a blast and grow their games like never before
How Much Is Topgolf Worth?
According to experts, Topgolf may be worth over $3.3 billion.
How Much Does A Bay Host Make At Topgolf?
The typical Topgolf Bay Host salary is $5. Bay Host salaries at Topgolf can range from $2 – $12.
How Much Do Barbacks Make At Topgolf?
The typical Topgolf Barback salary is $10. Barback salaries at Topgolf can range from $7 – $11.
How Much Does It Cost Build A Topgolf Franchise?
On average a TopGolf franchise costs up to $18 million dollars to build, however, start up costs will fluctuate. One facility in Austin, TX was built for around $15 million while a new TopGolf that was built in Las Vegas cost over $50 million.
Can You Take Drinks Into Topgolf?
No, Topgolf does not permit outside food or beverage to be brought in due to health and safety practices. The only exception is for store bought cakes for birthdays or other celebrations.
Can You Pre Book Topgolf?
Yes, you can make a reservation 7 days ahead of your visit or 3 hours in advance. It is not required but definitely recommended if you’re planning to visit with a large group.
How Much Does Topgolf Employees Make?
Average Topgolf hourly pay ranges from approximately $8.38 per hour for Caddie to $25.00 per hour for Server. Approximately $15,000 per year for Prep Cook to $97,034 per year for Host/Hostess.
When Did Topgolf Watford Open?
The year 2000.
Will Minigolf Be The Next Big Thing?
Yes, because it is a certified and growing trend.
How Many Acres Do You Need For Topgolf?
Topgolf’s existing facilities need a minimum of 13 acres.
How Much Does It Cost To Get A Chickfila Franchise?
Even with its success, Chick-fil-A charges a franchise fee of just $10,000 to open a new restaurant, and the company doesn’t require candidates to meet a threshold for net worth or liquid assets. That’s cheaper than every major fast-food chain in the US.
Is Topgolf Like Real Golf?
No, Topgolf is virtually endless. In its own literature, Topgolf states: “It’s not golf — it’s Topgolf.”
Is Topgolf Heated In The Winter?
Yes, the bays, which are like covered balconies and have table space and chairs for six people, are heated in the winter and cooled in the summer.
Can You Get Rich Owning A Franchise?
The short answer to this is a resounding YES. Investing in a robust franchise business can help you ramp up your income stream, as well as diversify your investment portfolio.
Should You Tee Up To Invest In A Topgolf IPO?
Yes, interactive concept coupled with locations in which consumer spending remains strong and are driving the company’s growth.
What Is The Most Profitable Franchise To Own?
Dunkin’! According to CareerBliss, Dunkin’ franchise owners earn $124,000 on average annually, or $60 per hour, based on gross sales in the $620,000 to $1.3 million range. The national average for all franchise owners of any company is $60,000.
How Much Does A Bartender Make At Topgolf?
The typical Topgolf Bartender salary is $11 hourly. Bartender salaries at Topgolf can range from $2 – $27.
Can You Do Topgolf In The Rain?
Yes, unless it’s an extreme weather event, nothing can stop a good time at Topgolf, not even rain or snow. Their venues are all-weather facilities with covered hitting bays that are fitted with fans for the summer and heaters for the winter.
How Much Does Topgolf Make An Hour?
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 drinks, and the other half is made from customers paying for a Topgolf bay, for which they pay $30–$50 an hour.
Why Is Topgolf Still Closed?
It was as a result of the recent mandates on health and safety across the globe.
Do You Have To Pay At Topgolf If You Don’t Play?
No, because to play at a Topgolf, you have to become a member of Topgolf. There are two fees to play at Topgolf. First, to play at a Topgolf, you have to become a member of Topgolf. The Topgolf membership fee is just $5. You pay it once, and that’s it.
How Much Do Food Runners Make At Topgolf?
The typical Topgolf Food Runner salary is $9 per hour. Food Runner salaries at Topgolf can range from $7 – $15.
How Much Do Top Golf Owners Make?
Business Owner salaries at Topgolf can range from $53,094-$58,249.
How Many Employees Work There?
Topgolf has 10,000 employees and is ranked 1st among its top 10 competitors.
Is There Any Chance Of Getting A Topgolf Franchise?
Yes, that’s if you have 10 to 20 million lying around, you may wish to pursue this endeavor.
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