My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

GolfTEC
Indoor high-tech golf instruction

About
Founded

1995

Franchising Since

2003 (15 Years)

Corporate Address

12450 E. Arapahoe Rd., #B
Centennial, CO 80112

CEO

Joe Assell

Financial Requirements
Initial Investment

$125,345 - $470,445

Net-worth Requirement

$800,000

Liquid Cash Requirement

$250,000

Ongoing Fees
Initial Franchise Fee

$17,500 - $35,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

4%

Financing Options

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

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

On-The-Job Training:

online, as needed

Classroom Training:

10 days

Absentee Ownership Allowed
Number of Employees Required to Run:

5

Bio
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.
Cost
Initial Investment: Low - $125,345 High - $470,445
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

Can Colleges Teach People How to Franchise?

Long neglected by business schools, franchising is finally gaining a foothold in the world of higher ed. But will students follow?

The 4 Ways Associations Can Help Franchisees

While independent franchisee associations can be viewed as confrontational, when all involved parties get talking, the groups can be a collaborative source of support and education.

A Buzzing Business: How These Entrepreneurs Turned a Longtime Annoyance Into Successful Careers in Pest Control

Mosquito Joe franchisees Kurt and Melissa Godwin share how their second career helped create a better work-life balance for them.

The 5 Attributes of Franchises Growing with Velocity

Some franchise concepts can amplify growth with the right attributes. Learn how to spot them.

How This Franchisor Found Sweet Success With an Ice Cream Experiment

Creamistry's Jay Yim took a crazy experiment in his garage and grew it into a global ice cream brand.

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: August 4th, 2016