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    Golf Envy

    Franchise research report · reviewed 2026 disclosure data

    Researching Golf Envy franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Golf Envy franchise specializes in premium golf simulator experiences, offering indoor golf entertainment venues where customers can play virtual rounds on worl

    Headline figures

    Quick facts

    How much does it cost to open a Golf Envy franchise?
    The Golf Envy Franchise Disclosure Document reports separate estimated initial investments by format: $349,179–$696,724 for total estimated initial investment: $349,179 - $696,724 (2026 FDD, Item 7, PDF p. 17); $419,179–$766,724 for total estimated initial investment: $419,179 - $766,724 (2026 FDD, Item 7, PDF p. 20). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
    What is the Golf Envy initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $50,000 (2026 FDD, Item 5, PDF p. 11). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does Golf Envy charge?
    The disclosed ongoing royalty is $12,000 (2026 FDD, Item 6, PDF p. 12). The brand or advertising fund contribution is $300 (2026 FDD, Item 6, PDF p. 12). Other recurring fees are listed in Item 6. Details
    Does Golf Envy disclose financial performance (Item 19)?
    Yes. The Golf Envy FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 51). Figures apply only to the locations and period each one covers. Details
    How many Golf Envy locations are there?
    The FDD reports 6 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 54). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1The 2026 FDD (Item 7) estimates opening costs separately by format: $349,179 – $696,724 (Total Estimated Initial Investment: $349,179 - $696,724); $419,179 – $766,724 (Total Estimated Initial Investment: $419,179 - $766,724); several initial fee options apply.
    2. 2Item 19 covers 5 separate groups: other measures and revenue for 2 Affiliate-owned locations; revenue for 2 Affiliate-owned locations; revenue for 1 Franchised locations; revenue for 1 Franchised locations; costs for 6 locations. They are not combined.
    3. 3Outlets grew by 2 in 2025, to 6 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Range across 2 single-unit formats

    2026 FDD · Item 7

    Formats disclosed in Item 7 (2)

    Each format has its own total. The total depends on the format you choose.

    • $349,179 - $696,724PDF p. 17$349,179 – $696,724
    • $419,179 - $766,724PDF p. 20$419,179 – $766,724

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 11
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    EMARKS Royalty 8% of Gross Sales, with a rolling 12- month minimum annual royalty of — 12000Main ongoing fee

    32 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    5 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Revenue and other measures · 2 locations

    Who is counted
    Combined affiliate-owned clubs in La Verne and Covina, California; reported together in one set of financial statements; Measurement Period January 1–December 31, 2025
    Period
    February
    Excluded
    Imputed fees were not paid to the franchisor; tax liabilities and operating expenses are excluded from the reported data.
    Method
    Unauditedreportedcombinedfinancials;clubs6.5milesapart;Covina2simulatorsopenOct2023,LaVerne3openJan2024;imputedfeesnotactuallypaid;sourceamountsalreadyrounded

    Locations counted: not stated in the reviewed record

    Revenue · 2 locations

    Who is counted
    Combined Affiliate-Owned Clubs in La Verne and Covina, California, reported together in one set of financial statements; Measurement Period January 1–December 31, 2025
    Period
    October
    Excluded
    Imputed fees were not paid to the franchisor; tax liabilities and operating expenses are excluded.
    Method
    Unauditedreportedcombinedfinancials;clubs6.5milesapart;Covina2simulatorsopenOct2023,LaVerne3openJan2024;imputedfeesnotactuallypaid;sourceamountsalreadyrounded

    Locations counted: not stated in the reviewed record

    Revenue · 1 locations

    Who is counted
    TempeAZ
    Excluded
    Operatingexpensesandtaxesexcluded
    Method
    Unauditedownerreportedpresalerevenue;sourceamountsrounded

    Locations counted: not stated in the reviewed record

    Revenue · 1 locations

    Who is counted
    DoylestownPA
    Excluded
    Operatingexpensesandtaxesexcluded
    Method
    Unauditedownerreportedpresalerevenue;sourceamountsrounded

    Locations counted: not stated in the reviewed record

    Costs · 6 locations

    Who is counted
    Developing Clubs that had begun pre-sales but had not yet opened
    Period
    6developing
    Excluded
    Separate from Affiliate-Owned Clubs and Open Franchised Clubs; no separate club-level figures supplied.
    Method
    Unauditedownerreports;TIincludesfreerent/abatement;costperleaddigital/socialmarketingexpense dividedbyleads;noagentcomputation

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 2025 of each year.

    2026 FDD · Item 20 · PDF p. 54

    Net +4 outlets, 2023–2025

    0220234202462025+2+2

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($349,179 – $766,724) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 4 to 6 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Standard initial franchise fee — Item 5 · PDF p. 11
    2. [2]Item 19 — Locations counted not stated in the reviewed record — Combined affiliate-owned clubs in La Verne and Covina, California; reported tog… · PDF p. 51
    3. [3]Item 19 — Locations counted not stated in the reviewed record — Combined Affiliate-Owned Clubs in La Verne and Covina, California, reported tog… · PDF p. 51
    4. [4]Item 19 — Locations counted not stated in the reviewed record — TempeAZ · PDF p. 52
    5. [5]Item 19 — Locations counted not stated in the reviewed record — DoylestownPA · PDF p. 52
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Developing Clubs that had begun pre-sales but had not yet opened · PDF p. 52
    7. [7]Outlet counts — Item 20, Table 1 · PDF p. 54

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025deferred revenue, current portion$46,367
    2025deferred commissions, current portion$21,845
    2025total current assets$1,150,652
    2025security deposit payable$20,000
    2025net change in cash and cash equivalents$331,342
    2025total noncurrent assets$496,503
    2025total other assets$252,837
    2025total current liabilities$308,768
    2025trademarkMore than one value recorded for this year — open the FDD source before comparing-$5,000
    2025operating expenses selling and administrative expenses$987,092
    2025deferred revenue$975,673
    2025net cash used by investing activities-$23,886
    2025cash flows from financing activities member capital contributions$300,000
    2025cash and cash equivalents$464,508
    2025franchise fees receivable$163,199
    2025related party receivablesMore than one value recorded for this year — open the FDD source before comparing$498,543
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$2,557
    2025equipment$18,886
    2025accumulated depreciation-$1,610
    2025trademarkMore than one value recorded for this year — open the FDD source before comparing$5,000
    2025rou asset$474,227
    2025deferred commissions, net of current portion$219,438
    2025deferred rentMore than one value recorded for this year — open the FDD source before comparing$15,991
    2025security deposit$17,408
    2025total assets$1,899,992
    2025accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$81,395
    2025credit card liabilitiesMore than one value recorded for this year — open the FDD source before comparing$34,996
    2025operating lease liability$126,890
    2025other current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$19,120
    2025deferred reveue, net of current portion$1,058,581
    2025operating lease liability, net of current portion$360,023
    2025total noncurrent liabilities$1,438,604
    2025total liabilities$1,747,372
    2025member's equity$152,620
    2025revenue franchise fee income$319,825
    2025management fee income$300,000
    2025royalties and marketing income$1,307
    2025other franchise related income$36,892
    2025total revenue$658,024
    2025sublease$99,421
    2025net loss-$229,647
    2025noncash lease expense$6,406
    2025depreciation$1,610
    2025deferred rentMore than one value recorded for this year — open the FDD source before comparing-$3,421
    2025franchise fee receivable-$82,699
    2025related party receivablesMore than one value recorded for this year — open the FDD source before comparing-$449,350
    2025prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$58
    2025deferred commissions-$233,008
    2025accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$48,113
    2025credit card liabilitiesMore than one value recorded for this year — open the FDD source before comparing$34,996
    2025other current liabilitiesMore than one value recorded for this year — open the FDD source before comparing-$13,386
    2025net cash provided by operating activities$55,228
    2025cash flows from investing activities equipment-$18,886
    2024security depositMore than one value recorded for this year — open the FDD source before comparing-$17,408
    2024deferred revenuesMore than one value recorded for this year — open the FDD source before comparing$129,275
    2024deferred charges, net of current portion$7,375
    2024due from licensorMore than one value recorded for this year — open the FDD source before comparing$49,193
    2024deferred rentMore than one value recorded for this year — open the FDD source before comparing$12,570
    2024operating lease liability, net of current portion$464,045
    2024accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$33,282
    2024franchise fees receivableMore than one value recorded for this year — open the FDD source before comparing-$80,500
    2024net cash used in operating activities-$96,834
    2024accounts payable and accrued expensesMore than one value recorded for this year — open the FDD source before comparing$33,282
    2024operating lease liabilityMore than one value recorded for this year — open the FDD source before comparing-$10,240
    2024other current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$32,506
    2024cash$133,166
    2024franchise fees receivableMore than one value recorded for this year — open the FDD source before comparing$80,500
    2024deferred chargesMore than one value recorded for this year — open the FDD source before comparing$900
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing$2,499
    2024total current assets$266,258
    2024operating lease right-of-use asset$580,645
    2024security depositMore than one value recorded for this year — open the FDD source before comparing$17,408
    2024total other assets$37,353
    2024total assets$884,256
    2024deferred revenuesMore than one value recorded for this year — open the FDD source before comparing$5,800
    2024operating lease liabilityMore than one value recorded for this year — open the FDD source before comparing$122,880
    2024other current liabilitiesMore than one value recorded for this year — open the FDD source before comparing$32,506
    2024total current liabilities$194,468
    2024deferred revenues, net of current portion$123,475
    2024security deposit payable$20,000
    2024total long-term liabilities$607,520
    2024total liabilities$801,988
    2024members' equityMore than one value recorded for this year — open the FDD source before comparing$82,268
    2024net loss-$147,732
    2024noncash lease expense$16,520
    2024deferred rentMore than one value recorded for this year — open the FDD source before comparing-$12,570
    2024due from licensorMore than one value recorded for this year — open the FDD source before comparing-$49,193
    2024deferred chargesMore than one value recorded for this year — open the FDD source before comparing-$8,275
    2024prepaid expensesMore than one value recorded for this year — open the FDD source before comparing-$2,499
    2024members contribution$230,000
    2024net increase in cash$133,166
    2024operating lease liability and right-of-use asset recognized in connection with operating lease$592,976
    2024assets cash$100,000
    2024members' equityMore than one value recorded for this year — open the FDD source before comparing$100,000
    2024franchise fee income$725
    2024selling, general and administrative expenses$165,027
    2024loss from operations-$164,302
    2024sublease income$16,570

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

    Related research

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    Head-to-head comparisons

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    Compare reviewed facts

    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.