08 Sep, 2017

Pga Learning Center Franchise

PGA learning center franchise Many players of golf dream of turning their golf passion into a thriving business. In this Franchise Review discover how Golf TEC promises to deliver on the dream of making money delivering high-quality golf lessons and equipment to fellow golf enthusiasts. Instead of just playing golf, find out if you can make money in the business of golf with a Golf TEC franchise. A good place to start this PGA learning center franchise of Golf TEC and their golf lesson and equipment business is to scope out the potential addressable market - the estimated number of potential customers. The National Golf Foundation estimates there were 27.1 million active golfers in 2009, of which only 26% can break a score of 90 consistently..for you non-golfers, a score of 72 is par for the course. Let's assume for the purpose of this analysis that golfers who consistently score above 90 are potential golf lesson customers. Some quick math tells us there are over 20.3 million potential golf lesson customers. Published estimates indicate that Golf TEC holds about a 75% market share in the highly fragmented retail golf lesson industry; corporate centers, other franchised golf centers and independent instructors filling out the rest of the market. Again applying some simple math we come up with over 15 million potential Golf TEC customers. The Golf TEC PGA learning center franchise business was established in 1995 with a goal to deliver a consistent and well-documented golf instruction service. Golf instruction is delivered indoors using virtual golf simulation equipment which allows for a controlled and consistent teaching environment and, when coupled with video and swing analysis software, provides quick and quantifiable student feedback and replay. Indoor locations are beneficial to franchise locations located in cold weather cities as students can continue their lesson regime during the winter months when outdoor practice is not feasible. Franchise fees are between $17,500 and $35,000. Golf TEC locations also provide custom golf equipment in addition to golf lessons. Therefore, a fair amount of equipment and inventory is required for operations which push the startup-up investment to a range of $118,175 to $461,825. The ongoing royalty fee is 5%. I like the fact that about a fourth of the operating locations are Corporate Improvement Centers, which tells me management has a hands-on approach to the business and will continue to drive innovation and efficiency out to the franchisee community. PGA learning center franchise and LPGA golf professionals are a great fit for this business as services are delivered by trained golf professionals. Investors have an opportunity as well, but be prepared to hire and manage staff.