Topgolf Franchise Owner Salary, Revenue & Profit 2024

If you like the concept of Topgolf and are wondering how much a Topgolf franchise owner make, then you are on the right page.

In this guide, we have shared the details about the Topgolf franchise, including its revenue, profit estimates, eligibility criteria, specialty, and more.

So make sure to read till the end so that you do not miss out on anything important.

How Much Does A Topgolf Franchise Owner Make

About Topgolf

Topgolf is a sports entertainment complex that features high-tech golf games paired with amazing food and beverage menu, music and climate-controlled hitting bays.

Originally Topgolf was called “Target Oriented Practice Golf,” and their first venue was opened in Watford, United Kingdom, in 2000 by Steve Joliffe.

But today there are more than 75+ Topgolf locations around the world, including Australia, Colombia, Mexico, Central Europe, South East Asia, Greater China, and the United Arab Emirates.

Callaway Golf Company has recently acquired Topgolf, and you should note that Topgolf is not offering franchise opportunities in the U.S. as of now.

However, if it plans to do so in the future, you would have to shell out a lot of money as Topgolf is a very expensive franchise.

To know about Topgolf’s franchise fees, revenue, and profit details, keep reading.


How Much Does A Topgolf Franchise Owner Make?

Topgolf is a highly profitable business, and the company generated $1.1 billion in revenue in the year 2019 and $158 million in net income in the year 2022.

A Topgolf franchise owner can easily make an estimated $17 million in revenue, but to start a Topgolf franchise, you need to cash out a hefty investment of $15 million$50 million and meet other requirements as well which we have shared below.


How Much Does A Topgolf Employee Earn? 

How Much Does A Topgolf Employee Earn

According to Indeed, Topgolf employees’ hourly rate ranges from $7.25 per hour to $15.14 per hour on average.

On a yearly basis, the average Topgolf employee’s salary would range from $14,500 per year for an entry-level position and $300,000 per year for a higher-level position.

Please note that the salary of Topgolf employees may vary based on their department, position, skills, location, and many other factors.

This is just a ballpark number, and a Topgolf employee may be able to make slightly more or less than this.


Pros & Cons Of Topgolf Franchise

Pros Of Topgolf Franchise

  • Growing franchise
  • Global presence
  • Highly Profitable
  • Diversified revenue
  • Affluent customer base
  • Open for all ages groups

Cons Of Topgolf Franchise

  • High-costs investment
  • Strict qualification requirements

Topgolf Franchise Average Revenue & Profit

Since the Topgolf franchise in the U.S. is company-owned, here are the key insights on their average revenue and profit:

In the fourth quarter of the year 2021, Callaway reported that Topgolf made $1,087,671,000 in revenue.

In order to open Topgolf, you would have to put in $15 million to $50 million, and each venue typically generates $17 million in annual revenue.

So Topgolf is definitely profitable, and after adjusting the EBITDAR, Topgolf’s owner can take home a $10 million profit for each venue on average. 

Revenue Per Outlet Topgolf

Each venue can generate approximately $17 million in annual revenue. This figure represents the average amount of revenue that can be generated per location over the course of 1 year.

How Much Does Topgolf Make?

Topgolf reported annual revenue of $1,087,671,000 in the fourth quarter of 2021.

Each Topgolf location typically generates approximately $17 million in annual revenue, resulting in an estimated daily revenue per location of approximately $27,945 and a yearly revenue of $10,200,000.

Financial OverviewPercentage of RevenueAmount ($)
Individual Franchise Annual Revenue100%17000000.00
Rent5.00%(850000.00)
Insurance2.50%(425000.00)
Salaries10.00%(1700000.00)
Franchise Royalty Fees2.50%(425000.00)
Utilities1.00%(170000.00)
Cost of Goods Sold (COGS)12.50%(2125000.00)
Labor (Variable)6.50%(1105000.00)
Total (Expenses)40.00%(6800000.00)
Net Profit60.00%10200000.00

Note: The displayed expenses are estimates based on industry averages and standard costs. Actual expenses may vary due to factors like location, business size, and market conditions. We recommend conducting detailed research or consulting with a financial advisor for a tailored financial analysis.


Topgolf Franchise Payback Period

To find out the payback period of the Topgolf Franchise, let us do some calculations considering costs such as revenue, profit percentage, etc.

AVERAGE INVESTMENT$32 million
AVERAGE REVENUE PER OWNER$17 million
AVERAGE PROFIT PERCENTAGE60%
AVERAGE PROFIT PER YEAR$10 million
AVERAGE PAYBACK PERIOD3 years

PAYBACK PERIOD = TOTAL INVESTMENT / PROFIT PER YEAR

= 32,000,000/10,200,000= 3.13 = Approximately 3 years based on median

The average investment for a Topgolf Franchise is $30 million.

With an average profit percentage of 60%, the average profit per year is $10 million.

This means that the average payback period for a Topgolf Franchise is 3 years, and the total investment of $30 million would be recouped within this period.


Topgolf Might Be The Hardest Franchise To Get

Although Topgolf is not franchising in the U.S. as of now, to open a Topgolf franchise, you not only need a very hefty investment of $15-$50 million but also meet some minimum requirements, which include but are not limited to the following:

  • Have access to $150M+ in capital and strong financial backing.
  • Willingness and ability to open 5+ Topgolf venues.
  • Strong connections and local market knowledge.
  • Experience in F&B, entertainment, and/or hospitality.
  • Experience with large-scale commercial real estate development.
  • Proven success in bringing other USA/UK brands to your territory.

((https://topgolf.com/us/international/))


What Is Topgolf Best Known For?

Topgolf is best known for its high-tech golf game, where their patent technology- radio-frequency identification (RFID)- lets you track your golf ball and score each shot accurately.

The company is also adding Toptracer technology to their golf game which will let you trace your ball’s flight path in real-time and will give you insight into its distance, speed, accuracy, and angle.

The best part is that Topgolf offers this high-tech gaming experience along with a great ambiance, lots of food options, and even climate-controlled rooms.

All these factors make Topgolf a popular choice for people.


Things You Need To Know Before Opening a Topgolf Franchise

There are a few things that are important to know before you open a Topgolf franchise.

1. Term Topgolf Franchise Agreement

The term of the Topgolf franchise agreement is 20 years. It has the option to renew for an additional 10 years.

2. Financial Assistance

Topgolf doesn’t provide direct financial support to franchises.

However, they assist franchises in obtaining financial support from third parties. They work with 7 third-party lenders, namely:

  • Equipment Leasing
  • Inventory Financing
  • Working capital loans
  • SBA Loans
  • Real Estate Financing

Topgolf may also finance the expenses of construction and furnishing of the facility.

3. Topgolf Franchise Training

Topgolf offers training to the franchise and the staff to ensure that they have the perfect knowledge and skills to operate the franchise.

This training program is typically conducted at the Topgolf headquarters. The training program includes teaching about how to market the business to attract more clients.

4. Reputation

Topgolf is a leading company in sports entertainment. It already has a built household name. So you don’t need to work on brand recognition.


When Should You Choose A Topgolf Franchise?

Not every person can make a franchise successful; there is always the right strategy and the right time to make it successful.

If you are thinking of buying the Topgolf franchise, there are a few things you should prepare yourself with.

1. You don’t want to take too much risk

Topgolf is already an established business, so there is not much risk involved in the business.

Also, a Topgolf franchise owner easily makes $17 million in revenue due to its brand recognition.

So, if you are a person who is looking to buy a franchise but does not want to bear any risk, then buying a Topgolf franchise is the right option for you.

2. You want to Do The Hard Work

No business in the world runs by itself. However, many people have this misconception that you just have to open the door, and people will start walking in the venture.

Topgolf, despite being a recognized brand, needs strong strategies to market it in your local area.

3. Researched The Local Market

Doing your homework is essential.

If you are thinking of buying a Topgolf franchise, then you should first research your local market and look for potential competitors and market saturation.

4. Within Your Budget

You should only consider buying the Topgolf franchise when the amount is in your budget because you are thinking of buying the most expensive franchise.

It costs around $15 million to $50 million in the United States. However, the return on investment that the Topgolf franchise gives is worth the investment.


Is Topgolf Franchise Profitable?

Is Topgolf Franchise Profitable

Topgolf has seen positive growth over the last three-four years, and its profit has been on the rise constantly.

As a Topgolf franchise owner, you can easily make $17 million in revenue on average and $5 million in net profit on average, which is an amazing sum of money as compared to other franchises.

However, buying this franchise is not easy, and you need to put in a hefty investment in it, too, initially.

And as we have already mentioned, Topgolf is not franchising at the moment, but if it does, and you meet their requirements, then it might be a very profitable investment for you. 


Topgolf Franchise Earning Potential

The earning potential of the Topgolf franchise is quite high, and one should expect nothing less given the kind of investment one is required to put in.

A Topgolf franchise owner can easily generate an average of $17 million in revenue, and we predict that one can generate as much as $25 million+ easily.

Any franchise’s profit potential depends on several factors, such as marketing skills, customer service, staff management, location, etc.

However, unfortunately, Topgolf is not franchising at the moment, so it’s best that you wait for some time or look for an alternate franchise business option.


Wrap Up

Topgolf is a luxury high-tech golf franchise that requires a high cost of investment and thereby keeps the potential to generate high profits as well.

Although the number of Topgolf locations is not much, it boasts a global presence still.

As of now, the company is not looking to franchise and is focusing on its existing Topgolf locations, which is the reason for its success.

If the company starts offering franchises again in the future, then you apply for the same. However, they have strict qualification requirements, and getting this franchise is quite difficult.

Overall, Topgolf is a very profitable franchise to invest in, and if you get a chance to own it, then you should go right ahead.


Frequently Asked Question

How many Topgolf locations are there globally?

There are a total of 75+ Topgolf locations in the world, including the Middle East, Southeast Asia, Central Europe, Mexico, etc.

What is the Topgolf Franchise Profit Margin?

As per the latest financial reports of Topgolf Callaway Brands, the profit margin of the Topgolf franchise is up to 60%.

Is Topgolf Profitable?

Yes, Topgolf is profitable. In 2022, they saw a significant increase in revenue and income compared to the previous year. Their operating income and adjusted EBITDA also grew. These positive financial results indicate that Topgolf is making profits and doing well financially.

Is there an alternative of Topgolf franchise?

Popstroke franchise is a good alternative of Topgolf franchise.

Who owns Topgolf?

Topgolf Callaway Brands own Topgolf. It also has locations in the United States, United Kingdom, Australia, Germany, Mexico and Thailand.

Where is Topgolf headquartered?

Topgolf headquarters is located in Dallas, Texas.

Who founded Topgolf?

Steve Jolliffe and Dave Jolliffe founded Topgolf in the year 2000.

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