About GOLFTEC Franchise
GOLFTEC Franchising LLC, operating under GOLFTEC Intellectual Property LLC, is the franchise system behind the GOLFTEC brand of indoor golf instruction centers.
The company provides franchise opportunities for entrepreneurs and golf professionals who want to operate a technology driven golf improvement business under one of the most recognized names in golf instruction.
The initial franchise fee is $35,000.
GOLFTEC Franchise Cost & Fees
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $35,000 | One-time payment upon signing |
| Royalty Fee | 5% of Gross Revenue of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | Up to 4% of Gross Revenues and .8% Merchandise Revenues, up to an annual maximum | National brand fund |
| Total Investment Range | $177,350 – $478,875 | Includes build-out, inventory, working capital |
The investment range of $177K–$479K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (5% of Gross Revenue) and marketing fee (Up to 4% of Gross Revenues and .8% Merchandise Revenues, up to an annual maximum) are ongoing costs paid as a percentage of gross sales.
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | 5% of Gross Revenues 2% of Merchandise Revenues |
| Technology Fee | $100 |
| Audit Fee | Payable only if you understate your Gross Revenues and Merchandise Revenues by m |
| NMAAF Contribution2 | $30,000 |
| Improvement Center Management and Operations Consulting2 | $100 |
| Accounting and Finance Consulting2 | $100 |
| Marketing Consulting2 | $100 |
| Tuition for Initial Training - Additional Attendees2 | $3,000 |
| Certified Personal Coach Follow-up Training Fee2 | $1,000 |
| Certified Personal Coach Referral Fee4 | $250 |
| Interest2 | Lesser of 1.5% per month or highest rate of interest allowed by law |
| Late Charge2 | $500 |
| Development Schedule Extension Fee2 | $1,000 |
| Default Fee1,2 | $500 |
| Lesson Reimbursement Fee4 | $30 |
| Electronic Swing Critique Fee2 | $3 |
| Payments for Items Supplied by Us2 | $20 |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 1 hours classroom |
| Classroom Training | 1 hours |
| Training Location | Englewood, Colorado |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | exclusive |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Renewal Term | Term in the then current Franchise Agreement. |
| Transfer Fee | We have the right to approve all transfers, we may not unreasonably withhold our consent. |
| Termination for Cause | We can terminate only if you commit any one of several listed violations. |
GOLFTEC Franchise Earnings — Item 19
GOLFTEC does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
GOLFTEC Litigation & Risk Flags
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
GOLFTEC System Growth
GOLFTEC currently operates 0 franchised locations and 25 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 58 | ||
| 2019 | 114 | ||
| 2019 | 172 | ||
| 2020 | 55 | ||
| 2020 | 117 | ||
| 2020 | 172 | ||
| 2021 | 39 | ||
| 2021 | 144 | ||
| 2021 | 183 |
GOLFTEC Franchise — FAQ
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