GolfTEC vs Hi-Five Sports Franchise Comparison

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

Start-Up Costs and Fees
 
GolfTEC Franchise
Hi-Five Sports Franchise
Investment $125,345 - $470,445$17,900 - $388,225
Franchise Fee $17,500 - $35,000$9,900 - $25,000
Royalty Fee 5%8.75%
Advertising Fee --
Year Founded 19951990
Year Franchised 20032015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
GolfTEC Franchise
Hi-Five Sports Franchise
Experience
  • General business experience
    		• -

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

    Training & Support
     
    GolfTEC Franchise
    Hi-Five Sports Franchise
    Training - On-The-Job Training: 13 hours Classroom Training: 5 hours
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesNewsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Co-op advertising, Ad slicks, National media, Regional advertisingAd Templates Social media SEO Website development Email marketing
    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)

    		Absentee Ownership Allowed

    Number of Employees Required to Run: 1 - 3

    Expansion Plans
     
    GolfTEC Franchise
    Hi-Five Sports Franchise
    US Expansion -Yes
    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 Hi-Five Sports

    Hi-Five is your ticket to get in the game with your very own youth sports business. Hi-Five will give you the tools necessary to have your very own Hi-Five Sports Camp. We see our summer multi-sport camp as the "sporty" version of your typical day camp with all the themes and events that go along with it. Hi-Five Sports Franchises also include the following programs to feed into your Hi-Five Sports Camp.

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    With nearly 30 years of experience, Hi-Five continues to innovate the youth sports industry with its unique take on "Youth Sports Entertainment".
    Veteran Incentives  50% off franchise fee

    "Entrepreneur
    #464 in Franchise 500 for 2020.