It sounds like a lot but its not as much as you think. Of course custom golf clubs are way costly compared to off the rack stocks which can be bought just for 200 basic set to as much as 2500 premium sets.
Sending you clubs direct from the factory eliminates a lot of those costs and saves you money.
What is the typical markup on golf clubs. I think it varies based on the clubs but at the one I used to work at we were typically around 30 mark up on hard goods like clubs shoes umbrellas. In fact the typical amateur golfer averages 205 yards off the tee while senior players average 195 yards. Therefore any item you sell that earns less than that OPEX percentage creates a loss and items above it earn a profit.
The best way to understand something is to follow the money. That means thats a 65 mark up on average. Steak Houses Strip Clubs.
Golf balls is an entirely different thing with usually only a couple dollars difference from cost to retail price. Demo clubs fancy retail storefronts and sales personnel cost money. American Golf have them on special offer at Â54900.
Thats the average though it varies from brand to brand and item to item. Firstly we can start with the retailer markup on golf clubs. 150-250 for a putter.
Mine cost me Â38500. And even for those players it. Clothing and hats were usually marked up 50 from cost.
I didnt find the wedge and putter fittings to. I did a full bag fitting a couple of years ago and it was a good experience. But same deal varies from brand to brand and item to item.
Higher end golf clubs will have a significantly higher markup. Kinda depends on the time of wholesale purchase and who is doing the purchasing. If youre talking about day 1 wholesale prices at say a normal course pro shop right around 300 – stock shafts.
Selling clubs can be pretty simple. Balls is closer to 70 again depending on the ball. Golf Pro Shop Bars Restaurants.
So if you buy a product brand new at the orginal price before discounts it could very well be a 100 mark up. Yes it will be over 500. GVC also operates the PGA Value Guide which is like Kelley Blue Book for used golf clubs.
7 years ago edited 7 years ago. These markups average between 30-35 of the total cost of the club. I find it hard to believe that.
What I am interested to know is what is the markup of items from each OEM found persay at Golftown. It can be substantially lower on brands like Titleist and Ping. This is general retail price though.
Eg if it cost the company 50 they would sell it for 100. Used golf carts can cost as low as 20003000 and quite honestly its the best way to go when purchasing a golf cart. I worked in a bike shop for many years and the markup was about 50 so a bike being sold at MSRP for 3000 cost the shop owner 1500 or thereabouts.
I bought and built elsewhere and didnt buy through them. For some golf shops OPEX becomes 30 to 35 percent. Considering many of their sales are at a discounted price before a final sale that means those new products on the shelves are marked up even more than 65.
If you cater to more budget conscious consumers then use the lesser markup above. The average markup from the retailers cost to the retail price is basically 30. Again this will change with brands.
Most retailers mark up their products 60 to 100 from their wholesale purchase price. Typically the basic set for a custom golf club would be the equivalent cost of a premium set available off the rack. 150wedge add 20-40 for an upgraded shaft.
Very little mark up at all in Titleist golf balls. I have just bought some new clubs. The average markup for Golf irons is about 40 to 50 percent.
Exactly the same number of clubs and the guy who sold them to me still made a profit. Ive been told the average for golf gear is between 80 – 100. And respectively use the larger markup for more affluent areas.
Average on the majority of sporting equipment is 100. I have heard that for golf clubs the markup is something like the following Taylormade – theres an 18 markup Callaway – 20-30 Adams – 25 Titleist – 15 – 20 I believe for something like Founders Clubs – its more like 50 markup. Drivers is typically around 30-40 and irons around 60.
Yet the so called technology offered by these new drivers only benefits higher swing speed players who can generate over 105 mph in swing speed. Markup on most hard-lines golf stuff is about 300. Bigger POS big box retailers will get a.
If youre thinking thats a little too much to spend on a golf cart you can always take the Used route. I had a guy tell me today that the markup on golf clubs is less than 20. Our factory outlet golf web site is truly factory direct.
Dont know how much but it couldnt have been a lot. This percentage sounds high at first but that number represents the entire gross income of a retailer. I have worked for a major retailer.
We buy it for 100 sell it for 300. It is easy to anticipate profits when projected to sell at full price but it is important to recognise what happens to profits. Depending on where youre purchasing the golf cart on average they can cost anywhere between 7000 and 9000.
For example through the PGA Value Guide website I looked up the value of a couple of old putters three drivers a fairway wood a hybrid and a wedge and got 200 for them. Depending on the brand and the type of product. Gloves and accessories is usually over 100.
So a restaurant for example would markup their cigars 25x.