Tee Box

Item 7 lays out the steep entry: $496,000 to $797,500 total investment, kicked off by a $49,500 franchise fee. Ongoing fees bite hard per Item 6—8% royalty (dropping to 5% on club sales/fittings), 3% ad fund, plus a flat $1,000 monthly tech fee—potentially eating 11-12% of sales before profits. Item 19 shines a light with average gross revenue of $281,960 across units, but the median $200,510 signals a few stars skewing the average; EBITDA margin sits at 0%, translating to estimated owner profits from $13,275 low-end to $94,304 high-end, heavily dependent on hitting top-quartile performance.

System health raises flags for risk-averse investors: only 5 corporate locations since franchising began last year, one SBA loan averaging $520,000, and projections for 55 new units in Item 20 suggest franchisor confidence but unproven scale. No major red flags in terminations or transfers yet, given the youth, but the revenue spread underscores execution risks in a niche sports market. For golf fans with operational chops, the upside tempts; for average investors, the slim margins and newness demand caution before teeing off.