| ||||
Updated RecentlyParmasters Golf Training Centers vs Sport Specific Training Inc. Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Parmasters Golf Training Centers vs Sport Specific Training Inc. including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $261,900 - $2,500,000 | $100,000 - $150,500 |
| Franchise Fee | $25,000 | $50,000 |
| Royalty Fee | 8% | 9% |
| Advertising Fee | - | 1% |
| Year Founded | 2000 | 1997 |
| Year Franchised | 2001 | 2005 |
| Term Of Agreement | 10 years | 20 years |
| Term Of Agreement | 10 years | 20 years |
| Renewal Fee | $6.2K | - |
Business Experience Requirements |
||
| Experience | General Business Experience. | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| Training | - | With SST, the training never stops. Initially, we have a mandatory, 90 hour training course at our corporate office in Burlington. Once this is completed, we provide daily or weekly assistance via the phone, onsite visits, email communications, and various publications. Assistance is available for as long as you need it. There is no additional cost for this valuable training and assistance. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Please enquire about our 24 Benefit Points. |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| 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) | Absentee ownership and owner/ operators are allowed. |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | Yes |
| International Expansion | Yes | - |
Company Overviews
About Parmasters Golf Training Centers
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.
About Sport Specific Training Inc.
SST's philosophy is simple: A no nonsense approach to training. With this approach our Clients get EXCELLENT RESULTS in the shortest period of time. RESULTS are what our athletes and private clients want.
SST's success is a direct reflection on the fact that all the SST staff members have a genuine interest in every athlete's development including, not only their physical well-being, but also their mental outlook and emotional and social health.
SST centers are new and unique sports training facilities geared toward athletes of every kind. SST was established in 1997 with the specific goal to produce top tier
athletes and to provide a no-nonsense gym environment and atmosphere
where athletes of all ages can excel. In addition our adult programs
have consistantly produced RESULTS for adults motivated by health and
fitness.
We have honed our skills of professional training programs, integrated nutrition management and simple hard work.