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Promoted Opportunities
Initial Investment
LOW: $125,345
HIGH: $470,445
Change in Units
+5.3% +10 UNITS (1 Year)
+11.7% +21 UNITS (3 Years)
Company Profile
Founded
1995
Franchising Since
2003 (14 Years)
Corporate Address
12450 E. Arapahoe Rd., #B Centennial, CO 80112
CEO
Joe Assell
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.
Financials
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
Units (Locations)
Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.
Operations & Franchisor Support
Training Onsite: online, as needed
Training at headquarters: 10 days
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
Absentee Ownership Allowed
Number of employees required to run: 5
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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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