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Another Nine
Another Nine franchises operate upscale indoor golf facilities offering 24/7 access to private golf simulator suites for playing full rounds of golf, participating in tournaments, entertaining guests, and improving skills. The business model emphasizes minimal overhead and labor costs through a proprietary self-service access system, memberships, lessons, leagues, merchandise, and vending food/beverage. It targets golf enthusiasts, members, and casual players seeking convenient, private indoor golf experiences.
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Franchise Costs
7% royalty + 1% ad fund + $425/mo Digital Experience Fee + $35/mo per suite Guest Experience & Support Fee + $12/mo per device Security and Monitoring Fee
Financial Performance
Item 19 Financial Performance
Data Based On: Financial performance of one company-owned location (Location #001) for two trailing twelve-month periods ending Feb 28, 2025 and Feb 28, 2026.
* All figures are for a single company-owned location (Location #001). Average Gross Revenue, Average EBITDA, and Operating Expenses are taken from the 'TTM Ending 2/28/2026' column. EBITDA margin is calculated as Average EBITDA / Average Gross Revenue (162,328 / 287,752). Average Net Profit is assumed to be equivalent to EBITDA, as the document defines EBITDA as Gross Sales minus Operating Expenses.
Extracted Item 19 Section
Avg. Revenue: $287,752
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Unlock financial performance dataHow Another Nine Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Another Nine Current | $310K – $797K | $50K | 7.0% | 1 |
| i9 SPORTS | $60K – $70K | $25K | 7.5% | 294 |
| FREEDOM BOAT CLUB | $264K – $623K | $50K | 6.0% | 288 |
| AQUA-TOTS SWIM SCHOOLS | $1.6M – $2.9M | $50K | 6.0% | 138 |
| X-GOLF | $1.2M – $1.8M | $40K | 7.0% | 129 |
| The Back Nine | $307K – $689K | $50K | 8.0% | 120 |
Sports & Recreation Average 27 franchises | $1.7M – $2.8M | $969K | 7.0% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 27 Sports & Recreation franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2025)
Outlets by state across the United States
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Unlock location growth dataDue Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
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Unlock due diligence reportsFrequently Asked Questions
The total initial investment to open a Another Nine franchise ranges from $310,205 to $797,010. This includes a franchise fee of $49,500. Ongoing royalty fees are 7.0% of gross sales.