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Golf Envy
Golf Envy franchises membership-based indoor golf facilities, known as Clubs, that provide 24/7 access to state-of-the-art golf simulator bays for members to play full rounds of golf, participate in tournaments, and improve their skills using proprietary marks and a designated system of operations. The business model involves franchisees paying initial fees and investments to operate under the Golf Envy brand, with ongoing royalties implied in the FDD. It targets golf enthusiasts seeking convenient, year-round indoor golf experiences in a competitive market including other simulators, courses, and retailers.
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Franchise Costs
7% royalty + $300/mo marketing fund + $3,000/mo local marketing requirement
Financial Performance
Item 19 Financial Performance
Data Based On: Data for two (2) affiliate-owned clubs operating for the entirety of the 2024 calendar year.
* Average gross revenue calculated by dividing the total gross sales ($339,760.84) by the number of affiliate-owned units (2). The document explicitly states that the financial performance information does not include various operating expenses (such as rent, labor, payroll taxes, insurance, bank fees, etc.), thus preventing the calculation or estimation of net income, net profit, or EBITDA. 'Gross Sales Less Imputed Expenses' is not considered a net profit metric due to these exclusions and the specific definition provided.
Extracted Item 19 Section
Avg. Revenue: $169,880
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Unlock financial performance dataGolf Envy Franchise Analysis
In the surging demand for year-round golf simulators, Golf Envy has doubled its presence in just one year, catching eyes in a market crowded with bays and balls. Item 19 earnings data and a cluster of SBA loans paint a picture of capital demands and early performance, but with only a handful of units, the trajectory hints at ambition meeting reality. Is this the next big swing in recreational franchising, or a high-stakes mulligan waiting to happen?
Golf Envy's franchising track record is embryonic—its 2025 FDD marks a brand-new entrant with corporate locations at 2, expanding from 1 unit in 2023 to 2 in 2024 for 100% growth, and projecting just 2 new units ahead. Five SBA loans averaging $621K underscore aggressive financing for buildouts, signaling high barriers despite the modest $45K franchise fee. Item 7 outlines initial investments from $236,800 to $636,800, covering simulators, bays, and club setups in the sports & recreation category.
Economics reveal challenges: Item 19 discloses average gross revenue of $169,880 across units, translating to roughly $14,000 monthly before 7% royalties ($11,892 annually), $300/month brand marketing, and a $3,000/month local ad mandate that could eat 20%+ of sales. For a $400K+ average investment, this yields thin margins without scale, especially in a competitive field of simulators and courses. The system's youth amplifies risks—low unit count means unproven resilience—but 100% growth and disclosed financials offer transparency rare for startups, making it a speculative play for golf-passionate investors tolerant of startup volatility.
Analysis based on the 2025 Franchise Disclosure Document. All figures should be independently verified before making investment decisions.
How Golf Envy Compares
Key Insights
- Lower than average SBA loan default rate in Sports & Recreation
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Golf Envy Current | $237K – $637K | $45K | 7.0% | 0 |
| 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 (2024)
Outlets by state across the United States
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Unlock location growth dataSBA Loan History
Historical SBA 7(a) loan data for Golf Envy franchisees (2025 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
5 SBA loans on record
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Unlock SBA loan historyDue 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 Golf Envy franchise ranges from $236,800 to $636,800. This includes a franchise fee of $45,000. Ongoing royalty fees are 7.0% of gross sales.
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