Parmasters Golf Training Centers Inc.

Indoor golf-training center

Background

Founded: 2000 Franchising since: 2001
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.

#1400, 1500 W. Georgia St.
Vancouver, British columbia V6G 2Z6

Phone:
(800)663-2331

Franchisor is a privately-held company with 5 employee(s); 1 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2006	1	0	0	0
2005	1	0	0	0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: 18 golf courses per territory

Special Programs
Parmasters donates golf balls to youth golf leagues, Golf Success Journals to young golfers, and time and money (50 cents per session) to local programs that support youth golf.

Costs and Fees

Total investment: $261.9K-2.5M
Franchise fee: $25K

Ongoing royalty fee: 8%
Term of agreement: 10 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	No
Equipment	No	Yes
Inventory	No	No
Accounts Receivable	No	No
Payroll	No	No

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $250K
Business Experience:

General business experience
Marketing skills
Must have a passion for golf

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)