GolfTEC
Indoor high-tech golf instructionBackground
Founded: 1995 Franchising since: 2003
Franchisor is a privately-held company with 20 employee(s); 20 employee(s) in franchise department.
Franchise Growth
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, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide
Exclusive territories available.
|
12450 E. Arapahoe Rd., #B Centennial, Colorado 80112 |
Phone: (877)446-5383 |
Franchisor is a privately-held company with 20 employee(s); 20 employee(s) in franchise department.
Franchise Growth
| Year | U.S. Franchises | Canadian Franchises | Foreign Franchises | Company Owned |
| 2009 | 111 | 0 | 4 | 30 |
| 2008 | 103 | 0 | 2 | 28 |
| 2007 | 74 | 0 | 0 | 29 |
| 2006 | 42 | 0 | 0 | 25 |
| 2005 | 19 | 0 | 0 | 17 |
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, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming
Worldwide
Exclusive territories available.
Costs and Fees
|
Total investment: $111.5K-427.7K Franchise fee: $17.5K-35K |
Ongoing royalty fee: 5% Term of agreement: 10 years, renewable |
Type of Financing Available
| In-House | Third Party | |
| Franchise Fee | No | Yes |
| Startup Costs | No | Yes |
| Equipment | No | Yes |
| Inventory | No | Yes |
| Accounts Receivable | No | Yes |
| Payroll | No | Yes |
Qualifications
Net worth requirement: $1M
Cash liquidity requirement: $250K
Business Experience:
- General business experience
Operations
- Franchise can be run from home
- 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)
Training and Support
Training
Ongoing Support
Marketing Support
- 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
Rankings
Franchise 500® rank:
#184 (2009);
Ranked #1 in category in:
2009;
Top Home Based Franchises:
#43 (2009);
America's Top Global Franchises:
#143 (2009);
#184 (2009);
Ranked #1 in category in:
2009;
Top Home Based Franchises:
#43 (2009);
America's Top Global Franchises:
#143 (2009);