6/10

Franchimp Summary Rating

7 /10
Earnings Transparency
5 /10
Investment Accessibility
Higher than 53% of peers

Franchise Summary

Description
GolfCave is a franchise that merges golf with advanced technology and a social environment, featuring indoor simulators for practicing swings and playing virtual courses. It caters to both serious and casual golfers, offering amenities like bars and restaurants, while hosting events and tournaments to build a community among golf enthusiasts.
Corporate Structure
We franchise businesses specializing in operating indoor golf facilities (each, a 'Store') providing golfers of all skill levels the ability to play or practice on a golf simulator in the privacy of their own 'Cave' and related programs, products and services. (the 'GolfCave Businesses' or the 'Businesses'). We have not conducted business in any other line of business. We do not operate businesses of the type being franchised under this Disclosure Document, but we have affiliates which currently operate a total of three Businesses in New Jersey of the type being franchised under this Disclosure Document, the oldest such Business being operated since February 2012. We are a family-owned business.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Standard" Units

Average Revenue Per Unit

Compared vs. Sports & Recreation Industry

$579,129 / unit

Franchise Type: Standard

Average Revenue During 2021

$579,129
$495,876
Industry Low
$2,265,700
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

FAQ

How much investment do I need to start my own GolfCave business?
Franchisees typically require at least $500 to $998 investment to get their GolfCave business started
What are the initial franchise fees for GolfCave?
Franchisees typically need to pay at least $50 in fees directly to GolfCave in order to earn the right to launch their business
How much money can I make with a GolfCave franchise? What are the average revenues for a typical GolfCave business?
We haven’t done the math on how much revenue a typical GolfCave brings in each year. We estimate that other franchisees in the Sports & Recreation industry generate $579,129 revenue, so we would expect GolfCave to generate a similar amount
How long do I need to commit to running a GolfCave unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

5 /10
The Franchisor's investment costs ranges from $500,570 to $998,636 which is Much Higher than the $0 to $0 average in the Sports & Recreation industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE