Story started in 2015 when Mike Doyle used to teach lessons in Manhattan. However, the growth in new franchises has slowed and franchise profits decreased significantly in the most recent period. ![]() X-Golf has seen franchise unit increases in each of the last three years, and the franchises on average have been profitable in recent years. Based on a midpoint investment of $731,600 with profits of $19,403 ( 2.7% profit margin) it would take about 38 years to recoup your investment. The estimated total investment necessary to begin the operation of an X-Golf Franchise ranges from $547,200 to $916,000. Previously, he served as Director of Franchise Operations and Director of Sales & Business development of both the X-Golf Franchise Corporation and its parent company, X-Golf America. The current CEO is Ryan D’Arcy, who has been in that role since 2019. The first X-Golf Franchise Corporation began in 2015 and has since expanded to multiple locations across Texas, Alabama, Louisiana, Colorado, and Michigan. Customers can play at some of the world’s top golf courses and choose from numerous game formats on the simulator machines. Offers an indoor golf and entertainment outlet that centers around the use of indoor golf simulators and also serves food and beverages in a fun and upbeat environment. Topgolf does not currently franchise in the U.S., but if it does in the future, it could be a very expensive franchise. TopGolf supports international franchisees in the areas of development, operations, business intelligence, marketing, training, construction, culinary, and technology. If you meet the requirements, the business development team will contact you. And the TopGolf international team will review it and determine whether you meet their business requirements. To open a TopGolf international franchise, you need to complete TopGolf’s international franchisee inquiry form. and there are franchise expansion plans in central Europe and Asia. However, there are franchised venues in Australia, Mexico, and the U.A.E. Myers, FL during the fourth quarter of 2021.Ĭurrently, TopGolf owns and operates their U.S. venues opened in 2021, including one new location in Ft. In 2022, there are 68 TopGolf venues in the U.S. TopGolf is profitable at the venue level as well, with EBITDAR typically amounting to about $5 million for each venue. Construction of a TopGolf venue typically costs from $10 to $40 million, and each venue typically collects about $17 million in revenue annually. Notably, it is a profitable segment of Callaway’s business, earning $58,225,000 in operating income.Ĭallaway’s 2021 fourth quarter earnings presentation offers some insights into the costs associated with opening a TopGolf venue. In their 2021 fourth quarter earnings release, Callaway reports that TopGolf brought in $1,087,671,000 in revenue. venues are company-owned, key insights can be gleaned from Callaway’s financial statements. Explaining that “Callaway’s leadership in the global golf equipment market and geographic diversity, combined with Topgolf’s revolutionary technology platform and access to golfers of all abilities, will allow both companies to accelerate growth and create competitive advantages.” Top Golf Franchise Costs and Revenues ![]() Callaway CEO Chip Brewer is optimistic about the merger. In March of 2021, TopGolf was acquired by the Callaway Golf Company, a golf equipment and active lifestyle company with a portfolio of golf brands. ![]() Which resonated with customers and paved the way for their growth over the next several years. In 2012, they opened their first 102-bay entertainment-focused venue in Katy, Texas. And in 2006, the Callaway Golf Company became an investor. ![]() They opened their first location in Watford, U.K., which featured radio-frequency identification (RFID) technology and dartboard-style targets. The Top Golf Franchise was created in 2001 out of the classic “Who was closer?” question. They compete most directly with other off-course golf brands such as X-Golf. Total golf participation is on the rise as well. Increasing from 9.9 million participants in the U.S. Of course golf has grown rapidly over the last several years. TopGolf competes in the off-course golf space within the sports and entertainment industry. They also offer event catering packages perfect for birthday parties, company events, and fundraisers. The TopGolf experience revolves around their climate-controlled bays where you tee off and aim for outfield targets, and there is also music, food, and drink. Top Golf Franchise is a technology-enabled golf company that operates at the intersection between socializing and sports. This article is based on the video featured above, originally recorded for Vetted Biz Youtube Channel.
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