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Below is an in-depth analysis and side-by-side comparison of GolfTEC vs X-Golf including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $125,345 - $470,445 | $547,200 - $900,000 |
Franchise Fee | $17,500 - $35,000 | $30,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | - | 1% |
Year Founded | 1995 | 2005 |
Year Franchised | 2003 | 2015 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $5K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
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Training | - | On-The-Job Training: 40 hours Classroom Training: 20 hours Additional Training: On-site training |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
Operations |
100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (40% of current franchisees are owner/operators) | Number of Employees Required to Run: 6 |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
GolfTEC delivers real, significant tee-to-green skill improvement to golfers of all skill and avidity levels. The combination of patented data-capture technology and personal coaching by a PGA Professional provides a repeatable, fact-based approach. Franchise and corporate GolfTEC Improvement Centers nationwide and in Mexico include both standalone and Golfsmith locations.GolfTEC, the largest golf instruction company in the world based upon locations and lessons given, allows golf professionals and passionate investors an opportunity to pursue golf as business owners. With an estimated U.S. capacity for 325 locations, commitments already have been made for 70% of designated markets (September, 2008). The remaining 30% of markets may offer single or multi-location options based upon size, golf avidity, and seasonality. International markets represent ownership options that include Master Franchise designation with an alternate support package and royalty structure.
X-Golf’s state of the art simulators each have their own view screens designed with a real world perspective for the ultimate golf simulator experience. Each simulator has an automatic ball feeder, a high performance 35 graphics/physics engine, precision sensor system, and sophisticated swing analysis. On X-Golf simulators, customers will have the ability to play over 150 world famous golf courses. Whether the customer wants to shoot a round or compete with other golfers, the simulator is able to adapt and offer the versatility to account for local tastes and trends of golfers.
Beyond that, the atmosphere is similar to a bowling alley. There is socializing and consumption of alcohol to help create a vibrant atmosphere that allows customers to have fun on and off the tee.
There are approximately 25,000,000 golfers in the U.S. and parents continue to introduce their kids to the game at a young age. As these digital age customers continue to grow, we believe that the demand for the X-Golf model will become more and more valuable in any given market. This demand will fuel continued growth for each franchisee and place us at the forefront of pleasing these new golfers entering the game. These golfers want a faster paced game with larger flexibility on time, location, weather, accessibility, etc. and X-Golf is a viable solution.