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Entrepreneur: Start & Grow Your Business

Monster Mini Golf

Family entertainment centers featuring glow-in-the-dark mini golf

Background

Founded: 2004 Franchising since: 2005
763 Westminster St.
Providence, Rhode island 02903
Phone:
(401)454-8100


Franchisor has 6 employee(s); 6 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 20 0 0 0
2008 -- -- -- --
2007 6 0 0 0
2006 10 0 0 1
2005 2 0 0 1

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North carolina, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Pennsylvania, Rhode island, South carolina, Tennessee, Virginia, Vermont, Wisconsin, West virginia, Wyoming
Outside the U.S.: Canada, Mexico, Western europe

Exclusive territories available.
Territory size: 100K population

Costs and Fees

Total investment: $336K-404.5K
Franchise fee: $30K
Ongoing royalty fee: 7%
Term of agreement: 5 years, renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No No
Equipment No No
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $404.5K
Cash liquidity requirement: $30K
Business Experience:
  • Hospitality skills

Operations
  • Number of employees needed to run franchised unit: 6 - 6
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2-4 weeks
  • At franchisee's location: 2 weeks

Ongoing Support
  • Meetings
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • Regional advertising

Other marketing support
  • Website development