GolfTEC vs House of Speed Franchise Comparison

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

Start-Up Costs and Fees
 
GolfTEC Franchise
House of Speed Franchise
Investment $125,345 - $470,445$79,500 - And Up
Franchise Fee $17,500 - $35,000$39,500
Royalty Fee 5%10%
Advertising Fee --
Year Founded 19951998
Year Franchised 20030
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
GolfTEC Franchise
House of Speed Franchise
Experience
  • General business experience
    		• Extensive business training and sports performance training *Sales = Med *Network / Community Involvement = High *Wants to be involved in kids lives = High

    Financing Options
     
    GolfTEC Franchise
    House of Speed Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    GolfTEC Franchise
    House of Speed Franchise
    Training - 3-5 business days in Aurora, IL
    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)

    		Number of employees: *Business Manager/Owner *Head Athletic Trainer/Sales *Trainers

    Expansion Plans
     
    GolfTEC Franchise
    House of Speed Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    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 House of Speed

    Explosion, Strength, Speed and Flexibility
    House of Speed provides the best available sport-specific performance training. House of Speed is continuously developing and refining the most current training techniques, enabling athletes to increase their overall speed, strength, explosiveness, agility and sport-specific ability. Our curriculum and weight training techniques were developed and designed by Don Beebe and Dr. Jeffrey Schutt who are well-known as leaders in the industry. Our athletes compete in a wide variety of sports and are of diverse age ranges and skill levels. Therefore, House of Speed designed its training programs to be diverse to meet the needs of each athlete. For example, our programs incorporate performance training and sport-specific training. Performance training is designed solely to make the athlete faster, stronger, more agile and explosive. Sport-specific training is designed to target athletic ability in the sport in which the athlete competes. House of Speed has a customized training program for every sport, every position, and every skill level. Apply to Become a Franchise 1. Individual Training (1-2 athletes) 2. Small Group Training (3-5 athletes) 3. Group Training (5 athletes or more) 4. Team Training (individual teams) 5. Camps (2-day camps in a specific city) 6. Sport Specific training For more information about owning your own House of Speed franchise please contact [email protected]