Bottom line
- Total investment $420K – $5.4M including a $20K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 30 loans (below the industry average).
- System contracting at -13.8% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Putt-Putt unit return on the cash you put in?
Unlevered ROIC · per unit
4%
Below typical band (30–60%)
Overview
About
Franchisees operate mini-golf entertainment venues, managing daily course operations, customer service, maintenance of greens/obstacles, and ancillary revenue (food/beverage, arcade, birthday parties). Typical locations are destination entertainment centers with seasonal revenue fluctuations and labor-intensive daily operations.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 26 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 phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Declining system with active litigation, going concern doubts, and no financial disclosure makes this a high-risk investment with unquantifiable returns.
Score breakdown · what drove the 64 / 100 rating
- 01MEDSystem contracting sharply: 13.8% unit decline YoY (25 units remaining) signals major deterioration
- 02HIGHActive litigation in 2024 over royalty collection and standards enforcement indicates franchisor-franchisee conflict and compliance issues
- 03HIGHGoing concern status FALSE — franchisor financial viability is questionable
- 04MINORNo Item 19 financial performance disclosure — inability or unwillingness to provide average revenue/net income is major red flag
- 05MINORWide investment range ($420K–$5.38M) suggests inconsistent unit economics or underspecified requirements
- 06MED5% royalty on undisclosed average revenue makes ROI impossible to calculate
- 07MINORZero franchise fee suggests potential financial distress at corporate level
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
47 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Putt-Putt · FDD (2025) PDF