GolfTEC vs Monster Mini Golf Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of GolfTEC vs Monster Mini Golf including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
GolfTEC Franchise
Monster Mini Golf Franchise
Investment $125,345 - $470,445$628,500 - $1,000,000
Franchise Fee $17,500 - $35,000$35,000
Royalty Fee 5%8%
Advertising Fee --
Year Founded 19952004
Year Franchised 20032005
Term Of Agreement 10 years5 years
Term Of Agreement 10 years5 years
Renewal Fee $5K-


Business Experience Requirements
 
GolfTEC Franchise
Monster Mini Golf Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    GolfTEC Franchise
    Monster Mini Golf Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/YesNo/No
    Inventory No/YesNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    GolfTEC Franchise
    Monster Mini Golf Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives-
    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: 5

    Absentee ownership of franchise is allowed. (40% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    GolfTEC Franchise
    Monster Mini Golf Franchise
    US Expansion --
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    About GolfTEC

    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.

    About Monster Mini Golf

    A Monster Mini Golf Franchise is a fulfilling and exciting work experience for those looking for a unique business to join. Monster Mini Golf is the fastest growing family entertainment chain in the nation.