| ||||
Updated RecentlyParmasters Golf Training Centers vs X-Golf Franchise Corp. Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Parmasters Golf Training Centers vs X-Golf Franchise Corp. 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 | $547,200 - $916,000 |
| Franchise Fee | $25,000 | $30,000 |
| Royalty Fee | 8% | 7% |
| Advertising Fee | - | 1% |
| Year Founded | 2000 | 2005 |
| Year Franchised | 2001 | 2015 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $6.2K | - |
Business Experience Requirements |
||
| Experience | A successful franchisee for X Golf America should possess a passion for golf and have some business know-how. The ideal candidate must also have proper funding in place. | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/Yes |
| Equipment | No/No | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
||
| Training | - | On-The-Job Training: 30 hours Additional Training: On-site training |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app |
| 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) | Number of Employees Required to Run: 6 |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | Yes |
| 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 X-Golf Franchise Corp.
X-Golf Franchise Corporation is currently expanding across the U.S. with over 30 storea open and operating.
Our plan to revolutionize the indoor golf business is well underway!
Contact our franchise department today to discuss the possibility of opening your own indoor golf center.