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Franchise: GolfTEC

Initial Investment
LOW:$125,345
HIGH: $470,445
Change in Units
+5.3% +10 UNITS (1 Year)
+11.7% +21 UNITS (3 Years)

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations
Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Training Onsite: online, as needed

Training at headquarters: 10 days

Absentee Ownership Allowed

Number of employees required to run: 5

About GolfTEC

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.

Founded

1995

Franchising Since

2003 (14 Years)

Corporate Address

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

CEO

Joe Assell

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

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

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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

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