GolfTEC
Not Ranked

Initial Investment

LOW: $125,345
HIGH: $470,445

Change in Units

-1.6% -3 UNITS (1 Year)
+5.8% +11 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1995

Franchising Since

2003 (13 Years)

Corporate Address

12450 E. Arapahoe Rd., #B Centennial, CO 80112

CEO

Joe Assell

About GolfTEC

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.

Financials

Financial Requirements

Initial Investment

$125,345 - $470,445

Net-worth Requirement

$800,000

Liquid Cash Requirement

$250,000

Ongoing Fees

Initial Franchise Fee

$17,500 - $35,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

4%

Financing Options

GolfTEC has relationships with third-party sources which offer financing to cover the following: 
startup costs, equipment, accounts receivable

Franchise 500® Rank History

Highest Rank: 184

Lowest Rank: 274

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training at headquarters: 2-4 weeks

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 5

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 14th, 2015

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