Parmasters Golf Training Centers Inc.
At a Glance
Products & Services: Indoor golf-training center
Number of Locations:
Total Investment: $261.9K - 2.5M
Founded: 2000
Began Franchising: 2001
Private Owned
About Parmasters Golf Training Centers Inc.
Parmasters was founded in 1999 by Tod Wilcock, Tom Matzen, and Scott Hazledine--all golf enthusiasts. The indoor facilities are designed as practice and training centers, featuring driving bays, putting greens, and sand traps, as well as golf simulators. Centers are climate-controlled and range from 2,000 to 30,000 square feet.Startup Costs, Ongoing Fees and Financing
Total Investment: $261,900 - $2,500,000
Franchise Fee: $25,000
Ongoing Royalty Fee: 8%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $25,000
Ongoing Royalty Fee: 8%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $1,000,000
Liquid Cash Available: $250,000
Operations
100% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 15. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 14 days. At franchisee's location: 7 days. At golf center for pre-opening marketing : 4 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Extensive public relations support
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