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We extract fees, Item 19 financials, franchisee contacts, SBA default rates, litigation, and outlet data from every FDD — so you can compare brands in minutes, not months. Used by multi-unit operators, consultants, and franchise development teams.

FIVE IRON GOLF

FIVE IRON GOLF

Five Iron Golf franchises high-tech, multi-functional indoor golf simulator and entertainment facilities open to the general public, offering top-of-the-line golf simulator bays, professional lessons, custom club fittings, leagues, memberships, club storage, events, ancillary games, and retail products. Each center includes a full-service restaurant and bar serving high-end food and beverages prepared to specified recipes. The business model involves franchising these centers with standardized systems, targeting golf enthusiasts and entertainment seekers in urban and suburban markets.

3locations
$1729K–$4380K
Since 2022
Entertainment & RecreationNew York, NYThe Range NYC LLCwww.fiveirongolf.comDisclaimer

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Franchise Costs

Franchise Fee
$50,000
Initial Investment
$1,728,500 – $4,380,000
Royalty Rate
7.00%
Brand Fund
2.00%
Fixed Monthly Fees
$1,200

7% royalty + 2% brand fund + up to $1,200/mo technology fee

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$2,723,906
Median Gross Revenue
$2,210,894
EBITDA Margin
21%
Average EBITDA
$574,323

Data Based On: 15 company-owned Five Iron Golf Centers operating continuously throughout the Measurement Period (March 1, 2024 to February 28, 2025). Data is adjusted for imputed royalties to simulate franchise performance.

* Average EBITDA is based on 'Average Adjusted EBITDA' from Table 1 for 'ALL 15 SELECTED COMPANY CENTERS', which accounts for 7% imputed royalties as if the centers were franchised. The EBITDA margin percentage was calculated as Average Adjusted EBITDA ($574,323) divided by Average Gross Sales ($2,723,906). The best guess profit range uses the 'Low Adjusted EBITDA' and 'High Adjusted EBITDA' from Table 1, representing the range of adjusted earnings for individual units before interest, taxes, depreciation, and amortization.

Extracted Item 19 Section

Avg. Revenue: $2,723,906

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FIVE IRON GOLF Franchise Analysis

Imagine teeing off into a franchise opportunity blending high-tech golf simulators with upscale dining, backed by 25 thriving corporate spots. Yet with only three franchise locations since 2022, Item 19 drops revenue figures that punch above the system's weight class. Does this urban entertainment play deliver birdies or bogeys for investors willing to swing big?

Item 7 lays out a steep entry: $50,000 franchise fee within a $1,728,500-$4,380,000 total investment, covering buildout for multi-bay simulators, full bar/restaurant, and tech. Ongoing fees hit 7% royalty, 2% brand fund, plus up to $1,200/month tech charge. Item 19, from three units, reports average gross revenue of $2,723,906 and median $2,210,894—impressive for a nascent brand—but EBITDA margin sits at 0%, with profits ranging from -$46,307 to $2,187,682. High volume from memberships, lessons, events, and F&B suggests scale potential, yet razor-thin margins flag operating squeezes like labor, rent in prime urban spots, or food costs.

System health per Item 20 shows modest franchise growth: three open, zero closed/terminated/transferred in 2024, projecting six new units. Dominated by 25 corporate locations (total 28), this hints at a proven model franchisors are cautiously expanding. For risk-tolerant investors eyeing entertainment trends, the revenue upside tempts, but breakeven hurdles and youth demand scrutiny—strong corps support could accelerate, though low franchise count means limited peer data.

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Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.

How FIVE IRON GOLF Compares

Key Insights

  • Higher investment than 92% of Sports & Recreation franchises
FranchiseInvestmentFeeRoyaltyLocations
FIVE IRON GOLF
Current
$1.7M – $4.4M$50K7.0%3
i9 SPORTS$60K – $70K$25K7.5%294
FREEDOM BOAT CLUB$264K – $623K$50K6.0%288
AQUA-TOTS SWIM SCHOOLS$1.6M – $2.9M$50K6.0%131
X-GOLF$1.1M – $1.7M$40K7.0%122
The Back Nine$307K – $689K$50K8.0%120
Sports & Recreation Average
26 franchises
$1.8M – $2.8M$1.0M7.0%–

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 26 Sports & Recreation franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States
1KY
1
2OK
1
3PA
1

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Franchisee Contacts

8 franchisee contacts on file from official FDD filings.

8 Contacts Available

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Due Diligence

Litigation (Item 3)

Franchisee Cases0
No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryNo
No bankruptcy history reported

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
0
Non-Renewals
0
Reacquired
0
Ceased Ops
0
Transfers
0
Sold to Franchisees
0
Projected New
6

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Frequently Asked Questions

The total initial investment to open a FIVE IRON GOLF franchise ranges from $1,728,500 to $4,380,000. This includes a franchise fee of $50,000. Ongoing royalty fees are 7.0% of gross sales.