Willing to know how much a Topgolf franchise owner makes? Well, you are at the right place.
Here, we are going to discuss all things related to the Topgolf franchise and its profitability and whether buying this Topgolf is worth it or not. So, let’s begin.
What Is Topgolf?
Topgolf is an entertainment club that has a golf driving range game with electronic trackballs and also includes many other competitive games.
Apart from entertainment, they also offer food and beverages. Topgolf was founded by Steve Joliffe in 2000, and today, it has more than 64 units around the world.
There are many sources that say Topgolf can easily open more than 180 units before 2025. The business model of Topgolf is a bit rigid, and the requirement for the franchise is also high.
Firstly, candidates need a high cost of investment which is around $15 million to $50 million. Secondly, it requires huge space to open the Topgolf location, which is around $65,000 square feet.
Moreover, they offer franchise opportunities to only those candidates who have experience as owners/operators of hotel venues, entertainment, leisure, and hospitality.
Also, their process is a bit long and time taking because the team of Topgolf personally reviews your application.
How Much Does A Topgolf Franchise Owner Make?
As per records, Topgolf generates around $3.1 billion through its sales. An individual Topgolf franchise can make around $21.5 million annually.
Topgolf is one of the most recognized brands in America and is rapidly growing. So, there are high possibilities that an individual franchise unit can easily make a decent income.
Moreover, there are many sources that prove that the revenue of Topgolf increased by 97% from its previous number in 2020.
How Much Does A Topgolf Employee Earn?
Topgolf employees’ hourly rate ranges from $8.45 to $18.54 per hour. However, Topgolf employees’ hourly rate varies on position.
An employee of Topgolf with the job title- of Food Runner can earn an average of $12.37 an hour, while other employees, like Dishwasher, can earn an average rate of $14.74 per hour.
What Is Topgolf Known For?
Topgolf is an entertainment company. It features an inclusive, high-tech golf game that you can enjoy.
There are many other competitive games that they offer paired with food and beverage. Moreover, there are no age barriers. Anyone can enjoy themselves with their friend and family at Topgolf.
They provide a very familiar environment to their customers.
Pros & Cons Of Topgolf Franchise
Pros Of Topgolf Franchise
- Growing franchise
- Global presence
- High Profitable
- Diversified revenue
- Good customer base
- Open for all ages groups
Cons Of Topgolf Franchise
- High-costs investment
- Not for professional players
- Bit expensive
- Services are not good enough
Is Topgolf Franchise Profitable?
Topgolf is a rapidly growing business and most profitable also. There are many aspects that prove that Topgolf is one of the best franchises to own in terms of profit.
As a Topgolf franchise, you can easily make $21.5 million annually or more than that. The amount of profit is pretty decent as compared to other franchise profits.
Moreover, we can clearly see that the sales of Topgolf grew by 97% in 2020, which shows that its future profit potential is also good.
To conclude, Topgolf is one of the best franchises in terms of profitability, and the aspects of profitability also show green flags. You can easily make a decent amount of profit from the Topgolf franchise.
As we discussed above, Topgolf is an entertainment club that offers franchise opportunities to those who have experience as owners/operators of hotel venues, entertainment, leisure, and hospitality.
The process of buying this franchise is a bit rigid because screening takes time, as the Topgolf international team deeply reviews your application.
Moreover, the requirement list is also long, like candidates require a high cost of investment and huge space to open the unit.
Overall, the Topgolf business model is rigid. However, this rigidness is the secret of its success.
Topgolf franchises are fewer in number, but their sales are increasing incredibly, and all the franchise owners can easily make a decent amount of profit from it.
We think that the most important thing in the business is profit and the Topgolf franchise is one of the most profitable businesses which can easily give you good income.
So, this rigidness doesn’t matter in front of profit, and it is a one-time process only. After buying this franchise, there is no restriction or obligation.
In fact, they have a friendly working environment and provide you with support to grow your business.
Frequently Asked Question
How many Topgolf franchises are there?
Topgolf has more than 64 outlets around the world.
What is the annual revenue of the Topgolf Franchise?
An individual Topgolf franchise owner makes approximately $21.5 million annually.
How much does it cost to buy the Topgolf franchisee?
An initial investment required to open a Topgolf franchise is $15 Million-$50 million.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank #1 on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.