How much does a GolfTEC franchise cost?
- Initial Franchise Fee: $17,500 to $35,000
- Total Investment: $125,345 to $470,445
- Working Capital: $10,000 to $30,000
- Royalty Fee: 5.0%
Full Answer
How much does it cost to open a GolfTEC?
How much does a GolfTEC franchise cost? GolfTEC has a franchise fee of up to $35,000, with a total initial investment range of $125,345 to $470,445. The initial cost of a franchise includes several fees -- Unlock this franchise to better understand the costs such as training and territory fees.
Are GolfTEC franchises?
GolfTEC was created in 1995 by Joe Assell and Mike Clinton, both graduates of the Professional Golf Management program at Mississippi State University. Now based in Centennial, Colorado, the company began franchising in 2003.
Who owns GolfTEC?
Golf Digest Online Inc.GolfTEC / Parent organization
How much is an Xgolf franchise?
The franchise fee to for an X-Golf location of your own is $30,000. Depending on build-out costs, the total investment to open is generally $700,000. SBA funding is available with minimum liquid capital of $100,000.
Is Golftec publicly traded?
Publicly traded on the Tokyo Stock Exchange and with 550 employees, GDO previously held a minority stake in GOLFTEC, operating 10 franchised training centers in Japan since opening its first in the upscale Roppongi district of Tokyo in 2012.
When did Golftec start?
1995Founded in 1995 as Driving Obsession, GOLFTEC has grown from a single location in the basement of a Denver country club into the world leader in golf instruction, lessons and club fitting, with over 210 locations in six countries employing over 800 full-time golf coaches.
Is GOLFTEC worth the money?
If you're ready to invest the time and money into improving your game, I recommend adding GolfTEC to the list of places that you investigate. They have an excellent technology package that can speed up your improvement and make lessons more fun.
How many employees does GOLFTEC have?
864 employeesGOLFTEC is a medium hospitality company with 864 employees and an annual revenue of $31.0M that is headquartered in Colorado.
Do you tip a golf instructor?
You still don't have to tip them. The lesson fee is plenty. Referrals are the best way to show appreciation. However, longtime students may get their instructors some sort of gift over the years or on a holiday.
Is a Golf simulator business profitable?
The short answer is yes. There is a ton of profit to be made from these simulators if you do it right. Although there will be large upfront costs to enter the business, you can make hundreds of thousands of dollars in revenue depending on how much you charge per hour of use and a few other factors.
Is BigShots Golf a franchise?
BigShots Golf has a franchise fee of up to $125,000, with a total initial investment range of $8,560,250 to $12,037,604.
Is Topgolf a franchise?
While Topgolf remains exclusively owned and operated in the US and UK, Topgolf International has been established to expand into territories across the globe alongside talented local Franchisees.
Who started Golftec?
Joe AssellNearly 25 years ago, Joe Assell, a Mississippi State PGA Golf Management intern and aspiring PGA Professional, was introduced to a computer that would change his life forever. In the basement of Cherry Hills Country Club in Denver, an idea about how to modify golf instruction was born.
How many Golftec locations are there?
Over 180 Locations Nationwide GOLFTEC is the nation's recognized leader in private golf instruction, with over 7 million lessons given and a 96% success rate.
How many golf lessons should a beginner take?
3-5 golf lessonsHow Many Lessons Should a Beginner Take? The general recommendation to keep in mind is 3-5 golf lessons to get a beginner started with the correct fundamentals. Many golf clubs or training centers offer beginner lesson packages, so you can buy a set number of classes and save a few dollars in the process.
How much does a GolfTEC franchise make?
As with any business, profits from a GolfTEC franchise depend on a variety of factors. Typically, profits are proportionate to the size of investment. Demand for your products, labor costs, commercial lease rates and a number of other variables also play a huge role in your bottom line. For system-specific data, unlock this franchise .
Are there any GolfTEC franchise opportunities near me?
Based on 2015 FDD data, GolfTEC has franchise locations in 0 states. The largest region is the West with 0 franchise locations.
Do they provide any initial training and opening assistance?
Yes, they have an initial training program of 0 hours. This includes . In their FDD they outline who’s in charge of the training. Unlock to find out more.
Do they offer Territory Rights?
GolfTEC offers territory protections. For an explanation of territorial rights, unlock this franchise for important details.
Why is GolfTEC franchise important?
For the franchisee, a GolfTEC franchise can be a vehicle for gaining personal wealth and independence. There are many reasons why franchising is the best type of operation for the majority of business owners.
What is GolfTEC?
GolfTEC's fact-based golf instruction system combines the skills of Certified Personal Coaches with a patented blend of video, motion analysis, impact analysis and biofeedback technology aimed at helping golfers improve their golf skills and, ultimately, derive more enjoyment from the game.
What is GolfTEC instruction?
GolfTEC Instructors base their instruction on data from the student's swing that the student can't get anywhere else! GolfTEC lessons allow students to see faster and lasting improvement, gain more distance, accuracy, and consistency and therefore lower their scores.
What is golf tec network?
GolfTEC has developed a " network" which integrates all GolfTEC Improvement Center computer systems including GolfTEC Teaching Bays, Point-of-Sale systems, Client Database, On-line schedule, and all GolfTEC office computers. This network, known as CaddyMaster, serves as a vital accounting and marketing tool for GolfTEC and can be accessed through any Internet connection.
What does T-E-C mean in golf?
The T-E-C in GolfTEC is an acronym for our philosophy which is if you have fundamentally sound TECHNIQUE, properly fit EQUIPMENT and are in good physical and mental CONDITION, you will play your best golf.
What is custom club fitting?
Custom Club Fitting – We utilize our teaching system (SEVA), impact analysis, and our Certified Personal Coaches to fit and sell custom golf equipment.
What is traditional golf instruction?
Traditional golf lessons have been given by instructors using only their eyes or video cameras to see faults in the student's swing. This instruction has always been based on just the teacher's opinion or theory about the golf swing.
About Franchise
Welcome to GolfTEC, America's #1 Golf Lesson and the best franchise opportunity for golf instruction in the world. We are the dominant brand of golf instruction and the fastest growing as we consolidate a fragmented industry. Our patented golf lessons offer a distinct competitive advantage in the market.
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Overview
GolfTEC's fact-based golf instruction system combines the skills of Certified Personal Coaches with a patented blend of video, motion analysis, impact analysis and biofeedback technology aimed at helping golfers improve their golf skills and, ultimately, derive more enjoyment from the game.
Related
GolfTEC is listed in the Franchise Directory under the Business Services category. It's also listed in the section for Franchises Under $300,000 .
Where is GolfTEC located?
GolfTEC was created in 1995 by Joe Assell and Mike Clinton, both graduates of the Professional Golf Management program at Mississippi State University. Now based in Centennial, Colorado, the company began franchising in 2003. GolfTEC centers offer indoor golf lessons, using video and motion measurement to analyze students' swings and offer visual instruction. The company has also developed a golf club fitting process to help players find the clubs that best suit them from a database of over 1,000.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
What is golf lessons pack?
GOLFTEC’s Lessons Packs provide flexibility and value with one-on-one lessons taught by a Certified Personal Coach. Each pack contains a series of lessons. Video practice and club fitting are not included.
What is a customized game plan?
Every customized Game Plan includes a Swing Evaluation, sequential lessons, video-based practice, and a Club Fitting powered by TECFIT. No opinions, only facts. Working together, you and your Coach can take your game to the next level.
