Golf EnvyFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Golf Envy franchise requires a total initial investment of $237K – $637K, including a $45K franchise fee and an ongoing 7.0% royalty[2]. Per the 2025 FDD, average unit revenue was $170K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $237K – $637K
- 18th pct Recreation & …
- Avg gross sales
- $170K
- 3rd pct Recreation & …
- Royalty
- 7.0%
- 18th pct Recreation & …
- Units
- 2
- 7th pct Recreation & …
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Recreation & Entertainment · color = vs category peers
Green = >15% above Recreation & Entertainment avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
At 0.4x revenue per dollar invested, this system underperforms the typical 1.5-2.5x range.
Started franchising in 2025. Newer systems carry more uncertainty but may offer better territories.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
32% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
Bottom line
- Total investment $237K – $637K including a $45K franchise fee, 7.0% ongoing royalty.
- Average unit revenue of $170K/year, with an estimated 32% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 39/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Golf Envy Franchising, LLC
- Parent company
- Zeze Holdings, LLC
- Incorporated in
- CA
- HQ
- 55 Peters Canyon Road, Irvine, California 92606
- Auditor
- Citrin Cooperman & Company, LLP
- Audited financials
- Franchisor revenue
- $725
- Most recent fiscal year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Affiliated brands
- Golf Envy
- Oaktin Consulting
- Quipix
Other brands the franchisor or its parent operates (Item 1).
Overview
About
Golf Envy franchisees operate golf retail and/or instruction facilities, likely selling golf equipment, apparel, and accessories while offering lessons, fitting services, or driving range experiences. Day-to-day operations involve inventory management, customer service, coaching/instruction delivery, facility maintenance, and marketing to drive golf enthusiast traffic.
- CEO
- Ryan Wines
- Headquarters
- CA
- Founded
- 2024
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 18 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $45K | $45K | |
| Opening Support Feenot refundable | $20K | $20K | |
| Local Marketing Requirement - Pre-Open (3 Months) | $9K | $9K | |
| Net Leasehold Improvementsnot refundable | $67K | $155K | |
| Architecture, Engineering and Design Fees | $11K | $25K | |
| Project Management Fee | $14K | $18K | |
| Signage | $7K | $15K | |
| Furniture, Fixtures & Equipment | $17K | $20K | |
| Golf Simulators | $0 | $218K | |
| Golf Simulator Software and Licenses - 3 Months | $2K | $2K | |
| Opening Inventory and Supplies | $500 | $1K | |
| Computer System and Required Software - 3 Months | $3K | $4K | |
| Training Expenses | $1K | $5K | |
| Lease Deposit, Rent - 3 Months | $16K | $32K | |
| Professional Fees, Permits and Licenses | $2K | $5K | |
| Insurance Premium - 3 Months | $3K | $4K | |
| Pop-Up Location Fee (Optional)not refundable | $0 | $20K | |
| Additional Funds (3 Months) | $20K | $60K | |
| Total initial investment | $237K | $657K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$22K
13.0% margin
Unlevered ROIC
5%
EBITDA / total invested capital
Payback
21.6 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $237K – $637K
- Better than avg vs category
- Liquid capital req'd
- $20K – $60K
- Better than avg vs category
- Franchise fee
- $45K – $45K
- Better than avg vs category
- Royalty
- 7.0%
- Gross Sales · typical 6–8%
- Ad fund
- $300 per month
- Total fee load
- 7.0%
- vs 9–13% typical
- Payback period
- 3.2 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Transfer fee | $10K |
| Renewal fee | $50 |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $170K
- Per unit, per year
- Median gross sales
- N/A
- Avg p&l bottom line
- $138K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 31.6%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Historical
- Sample size
- 2 units
- vs category median 5 · small
- Transparency
- 6 / 5
- vs category median 4 / 5 · above
Compared against 176 Recreation & Entertainment brands
Revenue is only 0.4x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
vs Recreation & Entertainment averages
How Golf Envy Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 2
- Opened
- 0
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 2
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 3 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Hawaii
- Maryland
- Virginia
States where the franchisor is registered to sell new franchises (FDD registration filings).
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 6 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 6
- Loan volume
- $3.6M
- Median loan
- $583K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 3
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Golf Envy's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 3 lenders with concentration factor
- Per-state charge-off rates across 5 states
- Startup risk premium and job creation velocity
- 2-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Golf Envy presents material risk due to a microscopic 2-unit system, poor royalty economics relative to average revenue, and unvalidated financial claims without FDD Item 19 support.
Litigation (Item 3)
0 case reference(s): 0 pending, 0 settled.
Largest disclosed settlement: $217,500
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Citrin Cooperman & Company, LLP⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
Score breakdown · what drove the 39 / 100 rating
- 01MINOROnly 2 existing units with unknown growth trajectory raises system viability questions
- 02MINOR7% royalty on $169,880 avg revenue yields only $11,892 annually—below the $12,500 minimum, meaning most franchisees hit the minimum royalty floor immediately
- 03MINORHigh investment range ($236,800–$636,800) relative to average revenue creates poor payback economics and break-even risk
- 04MEDNo Item 19 financial performance data disclosed limits ability to validate the $138,211 average net income claim
- 05MINORExtremely small franchisee base (2 units) prevents meaningful performance validation and increases likelihood of cherry-picked data
- 06MINOR10-year term is long for an unproven 2-unit franchise system with no demonstrable unit growth
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius or geographic boundaries |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Termination notice | 30 days |
| Curable defaultsℹ | 5 |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | California |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 0 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 38 hrs
- On-the-job training
- 19 hrs
- Training location
- On-site and corporate
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
3 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Golf Envy · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Golf Envy franchise?
The total investment to open a Golf Envy franchise ranges from $237K – $637K, with an initial franchise fee of $45K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Golf Envy franchise owners earn?
According to Item 19 of the Golf Envy FDD, the average gross sales per unit is $170K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Golf Envy's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Golf Envy (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Golf Envy franchise locations are there?
As of their most recent FDD filing, Golf Envy has 2 total units in the United States, including 0 franchised units and 2 company-owned units.
Is Golf Envy a good franchise to buy?
FranchiseVerdict rates Golf Envy as a A-grade franchise with a risk score of 39 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
Are you the franchisor?
If you represent Golf Envy, you can request corrections or provide updated information.
Claim this brandOther Recreation & Entertainment franchises
Compare similar franchise opportunities in the Recreation & Entertainment category
Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.