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 franchise offers unusually thorough support, with a training and support score of 100, 200 initial training hours, and refundable initial fees, but it requires very high capital: estimated startup costs of $1,728,500–$4,380,000, asset requirements of $690,000–$1,100,000, and 25 company-owned locations.

Pros

Training/support score is 100 and the FDD lists 200 initial training hours — both well above typical for Entertainment & Recreation — indicating unusually thorough, hands-on training and support for new operators.

Zero disclosed lawsuits, zero government penalties, zero franchisor enforcement actions, and zero franchisee-initiated judgments or settlements — all well below typical for the sector — signalling a clean legal and regulatory record that reduces operational distraction and legal risk.

Initial franchise fees are refundable — an uncommon policy in Entertainment & Recreation — which lowers your upfront financial risk if the deal does not proceed as planned.

Cons

Estimated startup costs start at $1,728,500 and can reach $4,380,000 — both well above typical — and high asset requirements ($690,000–$1,100,000) plus required cash reserves ($80,000–$150,000) mean you’ll need substantially more capital and cash on hand than most peers.

There are 25 company-owned locations — well above typical — which suggests a large corporate footprint and raises questions about the franchisor’s commitment to growing and prioritizing franchised operators.

Lawsuits & Legal Risk

100

Excellent

The franchise reported no material legal proceedings.

Territory Protection

48/100

NORMAL

Grants a protected operating area where the franchisor will not place other physical units. The franchisor retains rights to sell via alternative channels (e‑commerce and retail), to operate in alternative venues under different trademarks, to acquire or convert units, and to develop nearby units; protection is contingent on performance quotas.

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:

33.333333333333336%

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

How much does it cost to open a Five Iron Golf franchise?

The total initial investment for a Five Iron Golf franchise ranges from $1,728,500 to $4,380,000, according to the 2025 Franchise Disclosure Document. This includes the franchise fee, real estate, equipment, training, and working capital.

What is the Five Iron Golf initial franchise fee?

The initial franchise fee for Five Iron Golf is $50,000, as stated in the 2025 FDD. This fee is paid upon signing the Franchise Agreement.

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 Item 19 of the Franchise Disclosure Document. Actual earnings vary by location, market, and operator experience.

Does Five Iron Golf have any franchise lawsuits or legal issues?

Five Iron Golf received a legal risk score of 100 out of 100 in the 2025 FDD analysis. The franchise reported no material legal proceedings.

Does Five Iron Golf offer exclusive franchise territories?

Five Iron Golf received a territory protection score of 48 out of 100. Grants a protected operating area where the franchisor will not place other physical units.

What training does Five Iron Golf provide to new franchisees?

Five Iron Golf received a training and support score of 100 out of 100. The brand provides an extensive 200-hour, deep-dive training curriculum designed to prepare three managerial staff members for launch.

How many Five Iron Golf franchise locations are there?

Five Iron Golf had 28 total locations as of the 2025 Franchise Disclosure Document.

What type of business 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.

Interested in Five Iron Golf?

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