How much revenue does a FIVE IRON GOLF franchise make?

FIVE IRON GOLF does disclose financial performance data (Item 19) in their 2026 FDD, including average and median gross revenue figures. Get full access to see the exact revenue numbers and detailed financial breakdown.

How many FIVE IRON GOLF franchise locations are there?

As of the 2026 FDD, FIVE IRON GOLF has 30 franchise locations. The company has been franchising since 2022.

Is FIVE IRON GOLF a good franchise to buy?

FIVE IRON GOLF shows several positive indicators: transparent financial performance data (Item 19). However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

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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.

FDD Year:

30locations

$1964K–$4655K

Since 2022

Entertainment & RecreationNew York, NYThe Range NYC LLCwww.fiveirongolf.comDisclaimer

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Franchise Costs

Franchise Fee

$50,000

Initial Investment

$1,963,500 – $4,655,000

Royalty Rate

7.00%

Brand Fund

2.00%

Fixed Monthly Fees

$1,200

7% royalty + 2% ad fund + up to $3,600/quarter technology fee

Financial Performance

Item 19 Financial Performance

Average Gross Revenue

$1,533,704

Median Gross Revenue

$1,533,704

EBITDA Margin

25%

Average Gross Profit

$1,242,300.24

Average EBITDA

$376,984.44

Data Based On: 2 franchised Five Iron Golf Centers open continuously throughout the Measurement Period.

* Average gross profit was calculated using the franchised average gross revenue ($1,533,704) and the average COGS percentage (19%) from the Company Centers. This is based on the document's statement that there are no material financial or operational differences between Company Centers and franchised Five Iron Golf Centers. Average EBITDA was calculated using the franchised average gross revenue ($1,533,704) and the average Adjusted EBITDA percentage (24.58%) from the Company Centers, which is a proxy for franchised units as it accounts for imputed royalties.

Extracted Item 19 Section

Avg. Revenue: $1,533,704

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How FIVE IRON GOLF Compares

Key Insights

Higher investment than 96% of Sports & Recreation franchises

Franchise	Investment	Fee	Royalty	Locations
FIVE IRON GOLF Current	$2.0M – $4.7M	$50K	7.0%	30
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%	131
X-GOLF	$1.1M – $1.7M	$40K	7.0%	122
The Back Nine	$307K – $689K	$50K	8.0%	120
Sports & Recreation Average 26 franchises	$1.8M – $2.8M	$1.0M	7.0%	–

* 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 (2025)

Outlets by state across the United States

Top States

1KY

2MO

3NY

4OK

5PA

6TN

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Franchisee Contacts

9 franchisee contacts on file from official FDD filings.

9 Contacts Available

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Due Diligence

Litigation (Item 3)

Franchisee Cases0

No litigation involving franchisees reported

Bankruptcy (Item 4)

Bankruptcy HistoryYes

Thrasio Holdings, Inc., a company with which Daniel Boockvar was previously President, filed for Chapter 11 bankruptcy on February 28, 2024.

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations

Non-Renewals

Reacquired

Ceased Ops

Transfers

Sold to Franchisees

Projected New

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Frequently Asked Questions

The total initial investment to open a FIVE IRON GOLF franchise ranges from $1,963,500 to $4,655,000. This includes a franchise fee of $50,000. Ongoing royalty fees are 7.0% of gross sales.