Do I have a protected Territory?
Yes. Each territory is defined by a specific region outlined in your development agreement. Typically a GolfTEC territory is defined by a MSA. (Metropolitan Statistical Area)
What specifically do I receive when I invest in a GolfTEC franchise?
A complete Improvement Center Operations Manual and Improvement Center Opening Manual which cover aspects of the business from advertising and marketing to installation and service. GolfTEC's business plan has been developed based on the experience of opening many successful centers in different markets from coast to coast.
- Site selection assistance and demographic parameters.
- GolfTEC quantity and preferred-customer discounts on signage, furniture, nets, computers, printing, golf equipment, etc.
- GolfTEC advertising and marketing material design.
- Initial franchise training program, including GolfTEC classes for two people.
- GolfTEC University (GTU) Training and certification training for up to three golf coaches.
- License agreement for g-SWING software and TOUR Professional Database.
- Accounting and POS software which has been fully integrated with the g-SWING system and Caddymaster. (Additional licensing fees apply. ~$1,500)
- Ongoing support to help ensure success.
Are there franchise fees?
Yes. You pay an initial franchise fee of $17,500 to $35,000 and a continuing Royalty fee of 5% of Gross Sales and 2% of Merchandise Sales. Other fees outlined in your Franchise Agreement will include an advertising contribution fee of up to 2% of Gross Sales (an additional minimum of 5% of Gross Sales will be required to be spent locally by the franchisee) and an annual software maintenance fee of $4,000.
How much start up working capital is needed?
$113,475 to $427,675 (including the Franchise Fee) is needed in additional capital for inventory, advertising, signage, furniture, etc. These costs are dependent upon your store size and other territory variables. See Initial Investment
Who Buys GolfTEC Services?
GolfTEC's best customers have a household income greater than $75,000 and high levels of discretionary income. 85% of clients are male and the average client is 30 - 54 years of age.
What level of player benefits most from GolfTEC's type of instruction?
Players of all levels benefit. Swing faults and problem areas are identified by our teaching system and our Certified Personal Coaches tailor a program to the client's ability level. GolfTEC clients are of all ages and abilities - from beginners to TOUR Professionals
How do clients learn indoors?
GolfTEC focuses on the cause, not the effect. By focusing on the client's body motion, GolfTEC builds a consistent golf swing that is more efficient, easier to repeat, and ingrained in the student's muscle memory. Outdoors, when the student's focus is only on the ball flight, they build in compensatory moves that will complicate their swing. Many amateurs have built swings that have multiple compensatory moves and as a result are inconsistent. We focus on the cause of a poor shot and not the effect. Our coaches know the results of a swing, we want our students focused on the cause.