| ||||
Updated RecentlyParmasters Golf Training Centers vs STACK Velocity Sports Performance Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Parmasters Golf Training Centers vs STACK Velocity Sports Performance 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 | $554,750 - $1,485,000 |
| Franchise Fee | $25,000 | $54,000 |
| Royalty Fee | 8% | 6%+2%marketing fund |
| Advertising Fee | - | - |
| Year Founded | 2000 | 1999 |
| Year Franchised | 2001 | 2002 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | $6.2K | - |
Business Experience Requirements |
||
| Experience | ||
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/No |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
||
| Training | - | Available at headquarters: 2 weeks
At franchisee's location: 1 week Periodic conferences and sales training |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings Customizable center website Security/safety procedures Field operations/evaluations Purchasing cooperatives, online training |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad creative, direct mail pieces and marketing brochures available through approved third party vendor Partnerships with high profile national sports companies |
| 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) |
International franchisees required to buy multiple units/master licenses; 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9 - 15 Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators) |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | 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 STACK Velocity Sports Performance
STACK Velocity Sports Performance was founded in 1999 by world-renowned coach Loren Seagrave and a team of expert coaches to make the most advanced sports performance training from university and professional athletic programs available to the general public. STACK Velocity Sports Performance has training programs designed to improve the athletic ability of all age groups, genders and athletic skill levels.