I get it guys that Top Golf is popular now in many markets and that is not what my comment is about. My comment of future closures in 5-10 years is based on 1) there are a lot of competitors coming that are saturating the market and from what I have heard, they are not a great product, 2) Top Golf and the others are moving into secondary and tertiary markets which don't have anywhere near the population base to support a $25mm facility, 3) American consumers are fickle, and 4) this is essentially another way to deliver alcohol and social time for which people are always creating new ways to do that. American business is full of fads that were massive for a while (can you say Krispy Kreme and self serve frozen yogurt)
In the early 2000s we couldn't build enough golf courses thanks to Tiger. Now we have them closing every week. Bowling, Sand volleyball and tennis courts were a rage, now many of them no longer are around. My prediction is Top Golf won't totally go away but this massive expansion by them and others will lead to a lot of failed facilities especially in smaller markets.
