Forbes Golf Advisor Become Part of the X-Golf Franchise Family Since opening in America in 2015, X-Golf has taken off. Another important consideration to review is whether the initial fees are refundable or not. Knowing where to focus your effort will help you in many ways. There are now over 60 locations spanning half of the states in the U.S.A. and even in Canada. This includes $420,000 to $790,000 that must be paid to the franchisor or affiliate. Did you know there are over 3,000 franchise opportunities across the United States. However, it would be best if franchisees were passionate about the sport, possess some business know-how, have proper funding in place, and have a willingness to provide top-quality services to their customers. Franchise Disclosure Document (FDD) Database. Franchise? Most golf simulators can earn between $35 to $50 per hour in terms of revenue. We'll be in your inbox every morning Monday-Saturday with all the days top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. The Thirdedition is now available from your favorite Retailer in both Print and eBook Editions. In 2010, our expected revenue for the first quarter is already over 140% above last year's! Compare where X-Golf landed on this year's Franchise 500 Ranking versus previous years. A specialist is available to advise franchisees on business model components such as real estate site selection and store fit-out, brand and local area marketing, business development sales and support, information systems implementation and training, and supplier relationships and purchasing discounts. Their state-of-the-art simulators offer outstanding opportunities to play golf indoors, and the venues are well stocked with food and drink options for post-game refreshments. Please confirm by clicking on the Cancel Subscriptionbutton below. Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions. View the 2022 X . X-Golf has a franchise fee of up to $30,000, with a total upfront investment range from $547,200 to $900,000. Looks like your subscription is due. Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. When youve decided that you want to tee it up at X Golf, you can book a tee time at your chosen location through the X Golf website. Exact breakdown of cost to open TopGolf franchise in the U.S. is around US $18 million. As an X-Golf franchisee, you will operate an indoor golf entertainment facility serving food and beverages in a fun and upbeat atmosphere. Let the Franchisee Resource Center Help. The customers will range from avid golf enthusiasts to first time golfers seeking a fun experience. In addition, you should prepare yourself for ongoing fees that will include advertising fees and royalty fees. Definition: A ongoing fee paid to the franchisor on a regular basis. X Golf is an indoor golf entertainment facility serving food and beverages in a fun and upbeat atmosphere. The total investment necessary to begin operation of an X-Golf franchise is $609,700 to $1,386,000. FAST PLAY Play a full course in 90 minutes WORLDS COURSES Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company. Learn golf professionally in X-GOLF ACADEMY, LESSON Research franchise terms and definitions on an easy to use website. The following costs are part of the upfront costs included in the initial investment for an X-Golf franchise. LOS ANGELES, Jan. 20, 2021 /PRNewswire/ -- X-Golf, the North American indoor golf simulator entertainment concept, recently ranked No. Its business model has been proved well in U.S.A, Australia. There was slower growth in 2020 than the previous year, but that is not surprising given the difficulties the arcade, food, and entertainment complexes industry faced in 2020. Download Now Top golf: How much is Topgolf? That said, you will have seasonality and periods where you are not fully rented. X-Golf offers an indoor golf and entertainment outlet that centers around the use of indoor golf simulators and also serves food and beverages in a fun and upbeat environment. A great way to entertain clients and colleagues in a distinctly non corporate environment! Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. Using these tips, you can maximize the benefits of franchise ownership and take your business to the next level. GolfCave, the innovative leader in indoor golf facilities, is excited to announce that it is now offering franchise opportunities. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. Is it a Franchise? Golfzon's commercial indoor golf simulators have unreal technology, protected by over 250 patents. X-GOLF provides the most accurate, and high-tech analysing system to customers for the perfect lesson environment. They have offered franchises since 2015. The PGA Tour is merging with LIV Golf and the DP World Tour, and The First Cut crew breaks it all own. Subway has been attempting to sign new franchisees to multi-unit deals to improve its ownership model. As a popular franchise, X-Golf is increasing in popularity, and more venues are likely to open in the near future. SBA funding is available with minimum liquid capital of $100,000. ), Segway Golf Cart (Are They Safe for Golfing? What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. The golf entertainment franchise offers lessons, leagues, and club fitting services. Franchises X-Golf Franchise Information, TrainingOn-The-Job Training: 40 hoursClassroom Training: 20 hoursAdditional Training: On-site training, SupportPurchasing Co-opsNewsletterMeetings/ConventionsToll-Free LineGrand OpeningOnline SupportSecurity/Safety ProceduresField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform, MarketingCo-op AdvertisingAd TemplatesRegional AdvertisingSocial mediaSEOWebsite developmentEmail marketingLoyalty program/app. Golf lessons, practice, and fitting services are provided. The experience will center around the use of golf simulators which provide an opportunity for customers to play golf indoors on a simulator machine. Get your own copy of the Best Selling The Insiders Guide | Find the Perfect Franchise for You. Some do, but most don't. The X-Golf Franchise Corporation was profitable in 2020 with a net income of $156,059. The hardware and software innovations such as dynamic weight balance, short-game playability (12 putts for example), 3D Collision that provides r eal geometric reactions to when a ball makes contact with an object, are all examples of how X-Golf has listened and adapted to address the needs of the most discerning golfers from around the world. Sorry. Find out below. These distinguishing features, along with 19 patents, present a very special value proposition to our customers. Each X-Golf location has the full support of our Head Office team. Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time. The X-Golf brand was founded in 2005. No, but you can click here to fill out our affordability calculator and understand your financing options. X-Golf is a unique business model, thankfully we've always felt that we were part of a bigger family. As of 2020, there were 24 franchised outlets and 0 corporate outlets. Please renew to keep using our services. A franchise must also disclose a range of fees if its upfront fees are not uniform within the franchise. So, the bottom line is that you can wear golf shoes to X-Golf, but you certainly dont have to if you dont want to. There is socializing and consumption of alcohol to help create a vibrant atmosphere that allows customers to have fun on and off the tee. Buying a Franchise? Based on a midpoint investment of $731,600 with estimated profits of 116,914 (15.9% profit margin) it would take about 7 years to recoup your investment. X-Golf has a franchise fee of up to $30,000, with a total upfront investment range from $547,200 to $900,000. The X-Golf indoor golf center franchise model offers an exciting business opportunity for those interested in setting up a new venture in a unique, non-saturated and developing sporting industry. With over 80+ open locations in the U.S. and many more slated to open throughout 2023, there is an X-Golf location near you. WORLDS COURSES A real knack for business. To be part of the X-Golf team, you should be financially ready for an initial investment made up of a franchise fee and other startup costs. . You are going to upgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. The total investment necessary to begin operation of an X-Golf franchise is $547,200 to $916,000. The franchise fee to for an X-Golf location of your own is $30,000. The franchise system must disclose what conditions any of the initial fees are refundable. Each venue is independently operated and ready to provide stellar services, events, lessons and competitions for all ages. Customers can play at some of the world's top golf courses and choose from numerous game formats on the simulator machines. While X-Golf isnt yet represented in every state, there are options all across the United States, so hopefully, you should find somewhere relatively close to home. . incorrect data. This article explains everything you need to know about X-Golf, so you can enjoy the service provided by one of the best golf simulators in the business. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Youre about to cancel your subscription. Depending on build-out costs, the total investment to open is generally $700,000. Indoor Golf simulators X-Golf's state of the art simulators each have . They can now play and train at golf at their own level, pace and preference any time of year, rain or shine. X-Golf Franchise Profile and History . Subscribe to Our Newsletter to get Important Get competitive. As if our high end simulators werent enough of a draw, our full sports bar and modern entertainment center kick things up, creating an energized, fun environment for guests to enjoy with friends, family or co-workers. Looks like your subscription is due. You will also be able to lean on the expertise of the X-Golf franchise team when it comes to launching your business. Paramount+; . Previously, he served as Director of Franchise Operations and Director of Sales & Business development of both the X-Golf Franchise Corporation and its parent company, X-Golf America. XGOLF's franchise model is changed and settled through localization for each region. Check for more information. This includes $360,000 to $510,000 that must be paid to the franchisor or affiliate. Watch. Corporate Information <25 Employees . In return for this sizeable investment, you will receive an exclusive territory as a franchisee, which is determined by local demographics and population density. Franchisees will be awarded an exclusive territory, determined by local demographics and population density. Beyond that, the atmosphere is similar to a bowling alley. Since opening in America in 2015, X-Golf has taken off.There are now over 60 locations spanning half of the states in the U.S.A. and for the first time ever,X-Golf ownership is now available in Canada. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. Please looking for the most accurate simulator to measure your balls to analyse. Browse franchises that are similar to X-Golf. $4.5 M. Employees. When you bring your own clubs to X-Golf, youre requested to clean them prior to using them in the simulator. However, it makes sense to wear clothes that youre comfortable playing golf in as you dont want to restrict your swing. But if youre taking your golf clubs with you, theres no need to empty the pockets of your golf bag; you just dont need to use your own tees and balls when you arrive. Is it expensive to play there? Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. Introducing the franchise model of XGOLF. They were created on February 27, 2015. Address 24416 Main St., Ste 301Carson, CA 907 Website www.xgolfsimulator.com Tel Email rdarcy@xgolfsimulator.com Active 5/10 Franchimp Summary Rating 7 /10 Earnings Transparency Better than 51% of peers 3 /10 Franchisee Attrition Higher than 70% of peers 5 /10 Accessibility Higher than 54% of peers Franchise Summary Description This is based on a multitude of factors, including their initial investment cost of 437200 and upfront franchisee fees of 250000 The estimated total investment necessary to begin the operation of an X-Golf Franchise ranges from $547,200 to $916,000. You have to pay this upfront fee when opening an X-Golf franchise. There are more than fifty X-Golf locations across the United States, and you can search for the location closest to you here. ), How Does Topgolf Work? They began franchising in 2015. (Beginners Guide! As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Players are encouraged to bring their own clubs to play at X-Golf, as each venue has limited rental options. A variety of food and beverage services are provided, and 1:1 lessons are also available. Here's what you need to know if you're interested in opening a X-Golf franchise. It was held on the 15th of July at Metropolitan CC in X-GOLF Franchises. Working within the X-Golf franchise family has provided us with the tools and support that we needed to get on the right track to succeed. TruGolf Mini Simulator Review: How Good is it? So, no matter whether youre attending alone or with a group of friends. Unlock this franchise to find out more. . You don't have to be rich, succumb to ever-growing interest rates, run the risk of your bank collapsing or use your house as collateral to build a franchise. Initial Franchise Fee: $30,000 Total Investment: $547,200 to $900,000 Working Capital: $20,000 to $30,000 Royalty Fee: 6.0% The initial purchase price of any franchise includes several fees. We provide the ideal setting for your corporate or work related events. Usually, earnings and owner's income are correspond to the size of the investment and number of locations you buy. This is the brand new style of sport CAF & PUB, and you will be the first owner in your place ever. 24416 S Main St Ste 301, Carson, California, 90745, United States (323) 400-6611 X-Golf Franchise Profile and History Industry firsts such as the variable lie stance platform and the automatic ball teeing system have allowed X-Golf to pull away from the pack. Given the way that technology is going, golf simulators are likely to get more advanced and even more popular in the near future, which is a great thing for X-Golf franchisees. Performing this action will delete your account. Its a great way to spend some of your free time while improving your golf game at the same time. Hold your next event at X-Golf and Eat, Drink and Play! Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations. Education, Entertainment and Sports Training. Jason Payne, an avid golfer and tech-industry veteran, concepted and developed BigShots Golf in 2013 and has since overseen the brand's . In their FDD they outline who's in charge of the training. So, head over to the X-Golf website and reserve a bay for you and your friends. There are now over 60 locations spanning half of the states in the U.S.A. and even in Canada. Type of Business You must be logged in to view this form. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. Alternatively, you could open an X-Golf location yourself if you have the funds, and we explain how to go about it below. X-Golf is an extremely popular golf simulator franchise that is increasing in popularity in the United States. Originating in the uk and now with numerous locations over the USA; the company plans to expand globally. Teams of three battle head to head in a 9-hole handicapped match play format held weekly at X-Golf venues throughout Australasia. Even though its concept was not as popular when the brand began, the company slowly but steadily started to supply the world with amazing golf simulator systems that provide golf enthusiasts with unique and amazing experiences. Youre about to cancel your subscription. Whether you're looking for a solution for a golf training facility, golf club, sports medicine practice or your home, XGOLF can be tailored to meet your specific needs for whatever the application may be. 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X-Golf offers an indoor golf and entertainment outlet that centers around the use of indoor golf simulators and also serves food and beverages in a fun and upbeat environment. The first X-Golf Franchise Corporation began in 2015 and has since expanded to multiple locations across Texas, Alabama, Louisiana, Colorado, and Michigan. CA
Focusing on out what dogs and their owners actually need helped Scenthound CEO Tim Vogelcreate a successful franchise system. and achieve revenue targets . The current CEO is Ryan DArcy, who has been in that role since 2019. Franchise Disclosure Document (FDD) with an attorney and accountant. This is up from $79,662 and $39,315 in 2019 and 2018, respectively. X-Golf simulators feature at more than fifty locations throughout the United States and allow you to play indoor golf, take lessons, and host awesome events. For details, read more. 1. Franchise Games. Please renew to keep using our services. 2. This includes $420,000 to $790,000 that must be paid to the franchisor or affiliate. Over the last three years, 15 new X-Golf franchises have opened for an average of 5 new locations a year. And we didnt stop there. This company is offering new franchisees in the following international regions: Canada. An affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. Before starting a X Golf franchise, it is important to know the franchise fee, working capital and other costs required to start the business. Both time efficient and cost effective. Access franchise industry contact details, including over 20,000 email addresses, and 300,000 phone numbers Learn more about what FranChimp Pro can do for you with a free demo Get started for just $150 per month! The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. X-Golf has specialist resources to advise on each of the following franchise components: A successful franchisee for X-Golf America should have: All rights reserved. Packages to suit all occasions and budgets. Curious to know where X-Golf ranked on other franchise lists? Looking for a Golf Related Franchise Opportunity? Create your FREE account to access additional data on X-Golf, and more! Make sure theyre clean, too, as you dont want to cause a mess in your bay. Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees. pursuing a X-Golf franchise opportunity, review that franchise's
The World's most advanced Golf Simulator technology.Learn About Golf Club Trade-In*. No golfing experience is necessary to enjoy our relaxed, friendly atmosphere. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. You are going to downgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. Customers can play at some of the worlds top golf courses and choose from numerous game formats on the simulator machines. "Clubs don't like setting precedents," the agent said. Practise the golf with X-GOLF simulator, FITTING Corporate Information Even in a slow economy, 2009 was our best year yet! The golf entertainment franchise which offers lessons, leagues, and club fitting services is in the midst of a rapid expansion with stores set to open this year in Boston, Charlotte, Detroit,. PIONEERS Seeing the popularity of indoor golf simulators around the world, Ben became the rst overseas franchisor for X-Golf. X-Golf Franchise Corp.24416 S Main St Suite 301
Yes, they have an initial training program of 41 hours. . (7 Crucial Business Idea Facts! X . X-GOLF has 300fps high-speed swing motion cameras to analyse the swing. So while X-Golf franchises have been profitable in the past, the potential for the negative impacts of the pandemic on the arcade, food, and entertainment complexes industry to continue makes the outlook for the future for X-Golf franchises uncertain. . ), Uneekor Golf Simulator Reviews: QED Suite vs EYE XO, Commercial Golf Simulator? The experience will center around the use of golf simulators which provide an opportunity for customers to play golf indoors on a simulator machine. Skip to primary navigation Skip to main content Check out this investment opportunity to better understand the specific costs required to buy a X-Golf, such as territory fees, construction and costs, grand opening advertising, and furniture and fixtures purchases. Each venue is independently operated and features a bar and restaurant for post-game refreshments. As an X-Golf franchisee, you will operate an indoor golf entertainment facility serving food and beverages in a fun and upbeat atmosphere. 90745. Legal Disclaimer: This information is not a franchise offering
Fully rented at $40/hour for the entire year would equate to annualized indoor golf revenue of over $870,000. Clark, New Jersey (PRWEB)June 06, 2023. One way to check on the potential revenues or profits generated from a X-Golf franchise investment is to review the franchisor's Item 19 within their Franchise Disclosure Document. ), Foresight Golf Simulator Price (Cost Worth it?). Monday to Friday: 3 pm to Close ($45 per hour). Our listings and rankings are solely research tools you can use to compare opportunities. Whether you're looking for a solution for a golf training facility, golf club, sports medicine practice or your home, XGOLF can be tailored to meet your specific needs for whatever the application may be. At this time, the official website is stating that TopGolf is a privately - owned company with no current franchise opportunities. One of our franchise experts will have detailed knowledge about this franchise opportunity. The initial X-Golf Franchise Fee is $30,000. Once you complete the training process, it wont be long before you have your rented golf simulators. XGOLF is the most accurate golf simulator in the world's. We has franchises globally. In 2020, X-Golf had around 23 employees. The best way to think about X-Golf is to view it as an opportunity to play some of the best golf courses in the world from an indoor location. Their principal business address is 24416 Main St., Ste 301, Carson, CA 90745. Get a professional fitting service to find your club. The Franchise Mall has thousands of Franchises for you to research. Simulators allow you to play some of the best golf courses in the world from one location and are a super fun way to play golf. The 1st ' X-GOLF Challenge' was held with great success after jointly organizing the indoor PGA tournament in Australia with The PGA of Australia. 16. Carson,
HD Golf Simulator Reviews (is the Hype Justified? Jamie West was just 12 years old when she ran away from the foster care system. Through continued research and development, as well as over one dozen global patents, the company has established itself as one of the best global golf simulators. 2018 | The Educated Franchisee | All Rights Reserved, Item 1: The Franchisor, Its Parents, Predecessors and Affiliates, Item 8: Restrictions on Sources of Products and Services, Item 11: Franchisors Assistance, Advertising, Computer Systems and Training, Item 14: Patents, Copyrights and Proprietary Information, Item 15: Obligation to Participate in the Actual Operation of the Franchise, Item 16: Restrictions on What the Franchisee May Sell, Item 17: Renewal, Termination, Transfer and Dispute Resolution, Item 18: Arrangements with Public Figures, Item 19: Financial Performance Representations, Item 20: Outlets and Franchisee Information. Monday to Friday: 10 am to 3 pm ($35 per hour). Since then, the brand has grown to over 30 franchises throughout the United States. The X-Golf franchise model offers an exciting business opportunity for those ready to pursue a new venture in a unique, non-saturated, developing sports and entertainment industry. . X-Golf offers simulators that perform over 6,000 calculations per second, measuring performance metrics like club path, ball speed, and smash factor. But if youre a beginner, call ahead to the location that youre attending and ask to rent some clubs, and you can swing away with a hire set. You are going to upgrade your subscription.This action will proceed the difference in cost of plans and reset subscription period after moneyback. If youre just getting started as a golfer, X-Golf is the perfect place to refine your skills. Franchises Franchise500 X-Golf X-Golf Indoor golf entertainment centers 2023 Franchise 500 Rank #299 Ranked #254 last year See the Full List Initial investment $610K - $1.4M Units as of. But in addition to that, you need to meet the startup costs for the business, which are usually in the region of $700,000. You can apply for SBA funding with minimum liquid capital of $100,000. Since opening in America in 2015, X-Golf has taken off. Complete our Affordability Calculator to find out! X-Golf offers an indoor golf and entertainment outlet that centers around the use of indoor golf simulators and also serves food and beverages in a fun and upbeat environment. Proper funding in place. It's relatively easy for you to grow your golf simulator business, as the more simulators you have, the more revenue you can make. For an explanation of territory rights, unlock this franchise for important details. . However, net cash provided by operating activities decreased in 2020 to $22,401 from $190,829 in 2019. More than 80% have less than 10 locations. Also, you dont need to wear golf attire if you dont want to, as the venue is open to the public. See X-Golf In Action: Click here, X-Golf Franchise headquarters are located in 24416 Main St Ste 301, Carson, California, 90745, United States, X-Golf Franchises main industries are: Hospitality, Sports Teams & Leagues, X-Golf Franchise appears in search results as X-Golf Franchise Corp, XGOLF America Inc, X Golf Franchise Corp, Get Free Access to X-Golf Franchise Contacts Info. With over 80+ open locations in the U.S. and many more slated to open throughout 2023, there is an X-Golf location near you. You can choose to play alone, or you can schedule a time with your friends as you would at any golf course. The minimum investment amount required to open a X Golf franchise is $609,700 and can go all the way up to $1,386,000. However, the franchisees it's looking for aren't taking the bait. FRANCHISE #1 PLAY THE WORLD'S BEST INDOOR GOLF FRANCHISE EXTREMELY FUN FRANCHISE, X-GOLF PLAY! Its also great value for money and is an excellent way to spend time with family and friends. You can buy & download current FDDs in the industry in one place! X-Golf costs between $35 and $60 per hour and depends on the time that you reserve a time. A huge passion for golf. Birthdays, corporate and bucks nights Fun times. Yes, If you have a 401k or IRA with a value of 50k or more, a financial advisor can help you utilize it to buy a business. So, although it might seem a little steep at first when you split the cost of the reservation between several players, it represents pretty good value for money. They were created on February 27, 2015. X-Golf is graded based on our most recent FDD research! In the sections that follow, we take a closer look at what makes X-Golf such a unique and attractive proposition. Net income has also increased as a percentage of total revenues in each of those years, reaching 27% of total revenue by 2020. Revenue. XGOLF was founded in 2005, and since then over 3,000 systems have been sold worldwide, providing golf enthusiasts with a unique experience that emphasizes innovation coupled with honesty and integrity. By Guidant Updated April 14, 2022 Trends & Analyses Industry Reports Saturday and Sunday: Open to Close ($60 per hour). This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.