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GolfTEC

2012 Franchise 500
#274
At a Glance

Products & Services: Indoor high-tech golf instruction

Number of Locations: 148

Total Investment: $118.18K - 461.83K

Founded: 1995

Began Franchising: 2003

Private Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 109 2 3 34
2010 107 1 3 32
2009 111 0 4 30
2008 103 0 2 28
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $118,175 - $461,825
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).
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®: #274 (2012), #228 (2011), #210 (2010), #184 (2009),
Top Homebased: #59 (2010), #43 (2009),
America's Top Global: #179 (2011), #163 (2010), #143 (2009),

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