Five Iron Golf^®

Entertainment & Recreation • Year: 2025

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What Is Five Iron Golf?

Five Iron Golf is a franchise in the Entertainment & Recreation category operating high-tech, multi-functional indoor golf simulator and entertainment facilities. Centers operate from approved brick-and-mortar premises and must meet franchisor specifications for exterior and interior decor, layout, and equipment. They are open to the general public and primarily serve individual consumers (B2C) through offerings such as top-of-the-line golf simulator bays and related technology, professional golf lessons, custom club fittings, league play, memberships, events, retail, and an on-site full restaurant and bar.

Five Iron Golf Franchise: Pros and Cons

The franchisor offers 200 hours of initial training and a support score of 100, showing strong operator preparation; however, the Item 7 minimum total investment of $1,728,500 (top 5% in the industry) means much higher upfront capital and likely financing needs.

Pros

200 hours of initial training and a top support score (100) are well above typical for Entertainment & Recreation, meaning the franchisor heavily invests in preparing new operators before opening.

Zero disclosed lawsuits, zero franchisor enforcement actions, and no government penalties are well below typical for the sector, indicating a very clean legal and regulatory record.

Initial franchise fees are refundable (uncommon - only ~13% of peers offer this), which reduces your upfront financial downside if the deal falls through.

Cons

The Item 7 minimum total investment of $1,728,500 is well above typical for the industry (top 5%), so your upfront capital and likely financing needs will be significantly higher than most peers.

Reserve requirements range from $80,000 to $150,000 (both well above typical - top 10%), which suggests monthly operating costs are higher than industry norms and you’ll need substantial cash on hand before reaching self-sufficiency.

25 corporate-owned units is well above typical for all industries (top 10%), which may warrant further investigation into the franchisor’s growth strategy and commitment to expanding via franchisees rather than corporate ownership.

Lawsuits & Legal Risk

100

Excellent

Five Iron Golf reported no material legal proceedings,

Territory Protection

43/100

NORMAL

Five Iron Golf grants a protected, site-specific territory (urban block or suburban radius) for operation only from franchisor-approved premises. Protections are contingent on meeting performance quotas; the franchisor retains the right to develop additional units in the surrounding market and to sell via e-commerce and alternative distribution channels.

Training & Support

100

Excellent

The brand provides an extensive 200-hour, deep-dive training curriculum designed to prepare three managerial staff members for launch. The program includes on-site launch support focused on operational readiness; specific pre- and post-launch on-site days are not specified, on-site support incurs additional costs, and the franchisee is responsible for travel and living expenses.

Unit Growth Analysis

This franchise expanded from 10 units in 2022 to 28 in 2025 (net additions of +5, +7, +6), demonstrating continued expansion but a decelerating percentage growth trend-50.0% in 2023, 46.7% in 2024, and 27.3% in 2025. For investors this indicates healthy, steady unit growth with solid absolute additions and a still-robust 27.3% YoY increase, but the falling growth rate signals a maturation of the base and a shift from hyper‑growth to more steady scaling, so monitor whether the +6 absolute additions in 2025 can be maintained or improved.

How Much Does It Cost to Open a Five Iron Golf Franchise?

Opening a Five Iron Golf franchise requires a total initial investment of $1,728,500 to $4,380,000, according to the 2025 Franchise Disclosure Document. This range covers the franchise fee, real estate, equipment, training, and initial working capital needed to launch and operate through the early months.

Minimum Investment

$1,728,500

Franchise Fee

Real Estate

Equipment & Assets

Reserves

Training

Other

Maximum Investment

$4,380,000

Minimum Investment Breakdown

Franchise Fee$50,000

Real Estate$865,000

Equipment & Assets$690,000

Reserves$80,000

Training$1,000

Other$42,500

Maximum Investment Breakdown

Franchise Fee$50,000

Real Estate$2,950,000

Equipment & Assets$1,100,000

Reserves$150,000

Training$5,000

Other$125,000

Investment Analysis

This investment analysis is coming soon. Have ideas for other analyses you'd like us to add? Get in touch.

The initial investment amounts shown are estimates only. Actual costs may vary based on location size, business model, and multi-unit ownership arrangements. We recommend reviewing the full Franchise Disclosure Document for complete details.

How Much Do Five Iron Golf Franchise Owners Make?

Five Iron Golf franchise locations reported average gross sales of $2,723,906 and median gross sales of $2,210,894 in 2025, based on financial performance data disclosed in Item 19 of the Franchise Disclosure Document.

Average Gross Sales:

$2,723,906

Median Gross Sales:

$2,210,894

High Gross Sales:

$6,170,413

Low Gross Sales:

$1,478,814

Sample Size:

Percent Attaining Average:

33.3%

Audit Status:

Unaudited

Franchise vs Corporate Performance: Only company-owned centers provide full-period results, with average gross sales of 2.723906 million over the measurement period, so direct comparison to franchised centers is not possible from this Item 19.

Performance Variability Analysis: There is wide performance dispersion among the 15 centers (high 6.170413 million vs low 1.478814 million), indicating substantial variability in location or operational outcomes even within company-owned outlets.

Data Scope and Limitations: The dataset covers 15 of 25 company-owned centers for Mar 1, 2024–Feb 28, 2025 and excludes several atypical or renovated centers, so results may not represent all company-owned or any franchised centers.

Frequently Asked Questions

Is Five Iron Golf a good franchise to own?

Whether Five Iron Golf is a good franchise depends on your goals, experience, and local market. Key factors from the 2025 FDD: Five Iron Golf operates 28 locations, received a legal risk score of 100/100, a training and support score of 100/100. Financial performance data is disclosed in Item 19. Prospective franchisees should review the full Franchise Disclosure Document and consult with a franchise attorney before making any investment decision.

Is a Five Iron Golf franchise worth the investment?

The value of a Five Iron Golf franchise investment depends on factors such as location, operator experience, and market demand. The initial investment ranges from $1,728,500 to $4,380,000. Five Iron Golf disclosed average gross sales of $2,723,906 in 2025. Franchise investments carry inherent risk, and prospective buyers should conduct thorough due diligence before committing capital.

How long does it take to break even with a Five Iron Golf franchise?

Break-even timelines for Five Iron Golf franchises are not disclosed in the 2025 Franchise Disclosure Document. Break-even periods vary significantly based on initial investment level, local market conditions, operating costs, and revenue ramp-up speed. Prospective franchisees should build a pro forma financial model using Item 7 cost estimates and, where available, Item 19 financial performance data from the FDD.

Is Five Iron Golf a franchise or a corporate-owned business?

As of the 2025 FDD, Five Iron Golf operates 3 franchised locations and 25 company-owned locations. Franchise opportunities are available through the franchisor's disclosure process.

Interested in Five Iron Golf?

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