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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$125K - $470K
Units as of 2016
200 11.7% 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
Founded
1995
Leadership
Joe Assell, CEO

Franchising Overview

Franchising Since
2003 (18 years)
# of employees at HQ
59
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
200 (as of 2016)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
12450 E. Arapahoe Rd., #B
Centennial, CO 80112

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
$17,500 - $35,000
Initial Investment
$125,345 - $470,445
Net Worth Requirement
$800,000
Cash Requirement
$250,000
Royalty Fee
5%
Ad Royalty Fee
4%
Term of Agreement
10 years
Is franchise term renewable?
Yes

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
online, as needed
Classroom Training
10 days
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
5
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where GolfTEC landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021