Parmasters Golf Training Centers vs Hi-Five Sports Franchise Comparison

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

Start-Up Costs and Fees

 
Parmasters Golf Training Centers Franchise
Hi-Five Sports Franchise
Investment $261,900 - $2,500,000$17,900 - $388,225
Franchise Fee $25,000$9,900 - $25,000
Royalty Fee 8%8.75%
Advertising Fee --
Year Founded 20001990
Year Franchised 20012015
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $6.2K-


Business Experience Requirements

 
Parmasters Golf Training Centers Franchise
Hi-Five Sports Franchise
Experience
  • General business experience
  • Marketing skills
  • Must have a passion for golf
  • -

    Financing Options

     
    Parmasters Golf Training Centers 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/No-/Yes
    Inventory No/No-/Yes
    Receivables No/No-/Yes
    Payroll No/No-/Yes

    Training & Support

     
    Parmasters Golf Training Centers 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, Security/safety procedures, 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: 15

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Absentee Ownership Allowed

    Number of Employees Required to Run: 1 - 3


    Expansion Plans

     
    Parmasters Golf Training Centers Franchise
    Hi-Five Sports Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion 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 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.

    "409623_423530231019002_356030535_n"

    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.