GolfTEC

At a Glance

Products & Services: Indoor high-tech golf instruction

Number of Locations: 179

Total Investment: $130.2K - $471.8K

Founded: 1995

Began Franchising: 2003

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.

Franchise Units

Year U.S. Canadian International Company Owned
2013 104 10 4 61
2012 102 5 3 57
2011 109 2 3 34
2010 107 1 3 32
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $130,175 - $471,825
Franchise Fee: $17,500 - $35,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $800,000
Liquid Cash Available: $250,000
Operations
100% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5. Absentee ownership of franchise is allowed. (40% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2-4 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #273 (2013), #274 (2012), #228 (2011), #210 (2010),
Top Home-Based: #59 (2010),
America's Top Global: #195 (2013), #179 (2011), #163 (2010),

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