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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$130K - $481K
Units as of 2021
211 Increase 7.7% over 3 years

Company Overview

GolfTEC was created in 1995 by Joe Assell and Mike Clinton, both graduates of the Professional Golf Management program at Mississippi State University. Now based in Centennial, Colorado, the company began franchising in 2003. GolfTEC centers offer indoor golf lessons, using video and motion measurement to analyze students' swings and offer visual instruction. The company has also developed a golf club fitting process to help players find the clubs that best suit them from a database of over 1,000.

About GolfTEC

Industry Recreation
Related Categories Miscellaneous Recreation Businesses
Founded 1995
Parent Company GolfTEC
Leadership Chris Kuebrich, SVP Marketing
Corporate Address 67 Inverness Dr. E., #175
Englewood, CO 80112
Social Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 2003 (21 years)
# of employees at HQ 65
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises in the following international regions: Africa, Asia, Australia/New Zealand, Europe (Eastern), Europe (Western), Central America, Canada, South America, Mexico

# of Units 211 (as of 2021)

Information for Franchisees

Here's what you need to know if you're interested in opening a GolfTEC franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$17,500 - $35,000
Initial Investment Information Circle
$130,000 - $480,900
Net Worth Requirement Information Circle
$800,000
Cash Requirement Information Circle
$250,000
Royalty Fee Information Circle
5%
Ad Royalty Fee Information Circle
4%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing GolfTEC has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, accounts receivable

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training Ongoing
Classroom Training 40 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 5
Are exclusive territories available? Information Circle
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022