If you are an investor looking for a Topgolf franchise but have any quires related to it, you are at the right place.
Here we will provide all the information related to Topgolf Franchise. So let’s begin.
About Topgolf
Topgolf is a leader in sports entertainment. Topgolf organizes parties and events and provides food and drinks service filled with entertainment. It may include many games like golf and other competitive games.
The organization connected with 100 million fans in meaningful ways. And as the technology-enhanced, the game of golf also enhanced.
Now it encompasses a range of unmatched experiences where communities can discover common ground at brand expression, including Topgolf venues, Topgolf lounge, Topgolf Toptracer, Toptracer Range, Topgolf Swing Suite, Studios, Topgolf Live, and World Golf Tour by Topgolf.
History Of Topgolf
Steve Joliffe founded the Topgolf, and Dave Joliffe used proprietary radio-frequency identification technology and dartboard-style targets to answer this question.
And the first Topgolf venue was established in Watford, United Kingdom.
In 2005, Topgolf opened its first U.S venue in Alexandria, VA. Nowadays, there are more than 64 franchises across the world.
Why Choose Topgolf Franchise?
Starting a new business is always risky and difficult. And building a new business from scratch requires hard work, as it takes time and a lot of effort and money if you want to succeed.
Despite this, by paying a Topgolf franchise fee, you receive full instruction and help on how to build a base of loyal customers.
Topgolf Franchise Model
| Initial Investment | $15million-$50million |
| Franchise Fee | N\A |
| Royalty-Fee | 12% |
| Area Requirement | About 13 acres |
| Total Outlets | 64 Stores |
Requirements Of Topgolf Franchise
Firstly, you have around $15 to 50 million initial investment cost. Cost varies depending on the location.
The Austin, TX Facilities is about $15million. In contrast, In Las Vegas, the cost is upward around $50million.
Secondly, the average size of the area for Topgolf location is around 65,000 square feet with three stories. It has the capacity to entertain 1200 people at the same time.
Advantage Of Topgolf Franchise
- Topgolf already has goodwill in the market. So, achieving success is easy with the name of Topgolf
- Topgolf will offer the management team full training for all associates.
- Easily found financial backing for the venture.
Topgolf Comparison
| Company | Topgolf | T-Mobile |
|---|---|---|
| Founded In | 2005 | 1999 |
| Initial Investment | $15million-$50million | $40,000 – $150,000 |
| Franchise-Fee | N\A | N/A |
| Total Outlets | 64 | 200 |
| Annual Revenue | $1.1 Billion | $80.12 Billion |
FAQ
Why is Topgolf famous?
Topgolf is famous for the more relaxed, welcoming, and social atmosphere among youngsters, with many using Topgolf place to conduct business deals and meetings.
How many Topgolf franchise stores are there?
There is more than 64 franchise store all over the world.
How much area do you need for a Topgolf?
The average size of the area for the Topgolf location is around 65,000 square feet.
Does Topgolf Offer Franchise?
Currently, Topgolf does not offer franchising, but in the future, they might start offering it.
How much does a Topgolf franchise cost?
Opening a Topgolf franchise requires an initial investment ranging from $15million-$50million with a franchise fee of $25,000.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better 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.