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Below is an in-depth analysis and side-by-side comparison of Parmasters Golf Training Centers vs Parisi Speed School including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $261,900 - $2,500,000 | $9,000 - $183,500 |
Franchise Fee | $25,000 | $2,000 - $6,000 |
Royalty Fee | 8% | $250-$1.4K/mo. |
Advertising Fee | - | - |
Year Founded | 2000 | 1992 |
Year Franchised | 2001 | 2005 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $6.2K | - |
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 | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | Classroom Training: 40 hours |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad Templates National Media Social media SEO Website development |
Operations |
100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
Parmasters was founded in 1999 by Tod Wilcock, Tom Matzen, and Scott Hazledine--all golf enthusiasts. The indoor facilities are designed as practice and training centers, featuring driving bays, putting greens, and sand traps, as well as golf simulators. Centers are climate-controlled and range from 2,000 to 30,000 square feet.
Parisi Owners enjoy a vast array of benefits from a company with more than 20 years in the youth sports performance business. Parisi's proven business models allow owners to tap into the ever-growing youth market to:
-Own your market through our protected territory program
-Begin a youth program with instant credibility that includes an established concept, a reputable brand name, and a nationally recognized professional athlete client list
-Utilize proprietary and proven training methodologies that generate safe and effective results