How profitable is Topgolf?

How profitable is Topgolf?

Topgolf generated approximately $1.1 billion in revenue in 2019 and has grown at a compound annual rate of 30% since 2017.

How much does the Topgolf franchise cost?

The cost of opening a Topgolf franchise is around $18 million. However, the typical cost to build an average franchise, such as the Austin Tx facility, is around $15 million. By contrast, in Las Vegas, at the other end of the scale, the Topgolf franchise cost over $50 million.

How much do you earn at Topgolf?

How much does Topgolf pay for an hour? Average hourly pay at Topgolf ranges from approximately £6 per hour for a Runner to £6 per hour for a Runner. Topgolf employees rate the overall compensation and benefits at 3.5/5 stars.

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How much does a Topgolf pro earn?

Topgolf Salary FAQ The average salary for a teaching professional is $50,471 per year in the United States, which is 63% higher than Topgolf’s average salary of $30,882 per year for this work.

How much land do you need for a Topgolf?

Existing Topgolf facilities require a minimum of 13 acres.

Do Topgolf servers make a lot of money?

The typical Topgolf Bayhost/Server salary is $10 per hour. Bayhost/Server salaries at Topgolf can range from $2 to $21 per hour. Factoring in bonuses and additional compensation, a Bayhost/Server at Topgolf can expect to earn a total salary of $12 per hour.

Do Topgolf employees get a discount?

Complimentary golf, 50% off retail, 50% off associate meals, associate hot meals provided Thursday-Sunday. Free topgolf for the family and reduced price for food.

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How much does it cost to build a Topgolf?

A facility in Austin, Texas was built for around $15 million, while a new TopGolf built in Las Vegas cost over $50 million! If you plan to open a TopGolf franchise; congratulations! This innovative business venture is full of friendly competition, unique entertainment, and charismatic team members.

How many Topgolf locations are there worldwide?

There are currently 58 Topgolf locations, 53 in the US, 3 in the UK and one in Australia. The cost of opening a TopGolf franchise is approximately US$18 million. There are also 12 other sites under construction, 9 in the United States and 3 in the rest of the world (1 in Canada, Mexico and the United Arab Emirates).

What should I expect from a Topgolf franchise?

Most golf franchises carry large amounts of equipment to ensure players have everything they need for a great game. Your franchise will have specific build and display options to secure the following: as well as a host of other golf-related items.

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What are the benefits of a Topgolf membership?

TopGolf pitches provide year-round entertainment. Never experience numb hands, disruptive wind or rain, or the inability to see your ball from the sun. Take advantage of your daily subscription and meet after work or school.

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