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Below is an in-depth analysis and side-by-side comparison of Recruit vs Parmasters Golf Training Centers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $12,000 - $45,000 | $261,900 - $2,500,000 |
Franchise Fee | $9,500 | $25,000 |
Royalty Fee | 0 | 8% |
Advertising Fee | - | - |
Year Founded | 1996 | 2000 |
Year Franchised | 2001 | 2001 |
Term Of Agreement | 5 years | 10 years |
Term Of Agreement | 5 years | 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/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | Available at headquarters, Available at franchisee's location, Long distance training available | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
Marketing | Co-op advertising | Co-op advertising, Ad slicks, National media, Regional advertising |
Operations |
Franchise can be run from home. 15% of all franchisees own more than one unit
Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
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 | - | - |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
As a member of the Recruit team, franchisees scout local athletic talent at the high-school level and act as a "personal recruiting advisor." They provide up-to-date information to your athletes and act as a matchmaker with college coaches--and, therefore, potential scholarship opportunities. Young athletes who sign on with the program are included in a national database and college coaches are given regular updates on their scholarly and athletic achievements.
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.