The Swing Bays
Bottom line
- Total investment $246K – $999K including a $40K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.0M/year. Estimated payback in 3.9 years.
- Rated MODERATE with a risk score of 63/100.
- Emerging franchise — only 2 years of franchising with 1 units. Early-stage systems carry higher risk but may offer better territory availability.
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 The Swing Bays unit return on the cash you put in?
Unlevered ROIC · per unit
23%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 The Swing Bays units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.6M
on $8.1M purchase
Total debt
$6.5M
SBA $4.1M + senior + seller note
Overview
About
The Swing Bays operates indoor golf simulator bays (likely golf entertainment/practice venues). Franchisees manage facility bookings, customer experience, food/beverage service, and maintenance of golf simulation technology. Revenue streams typically include bay rental hours, memberships, tournaments, and ancillary sales.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 17 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.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Extreme early-stage franchise with unvalidated unit economics, undisclosed franchisor financial health, and no peer franchisees for reference — high execution and support risk.
Score breakdown · what drove the 63 / 100 rating
- 01MINOROnly 1 franchised unit reported — extreme lack of system validation and growth trajectory data
- 02HIGHGoing Concern status is FALSE — indicates potential financial instability or uncertainty at franchisor level
- 03MINORWide investment range ($246.4K–$999K) suggests inconsistent build-out costs or undefined support model
- 04HIGHNo disclosed litigation but single-unit system limits legal history visibility and franchisee protection precedent
- 05MINORItem 19 (Financial Performance Representations) absent — cannot independently verify claimed $1.01M average revenue or $161K net income figures
- 06MINOR6% royalty on $1.01M revenue = ~$61K annual ongoing fees, compressing already-modest net margins
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
22 numbers
One-time purchase · CSV download · Validation questions included
FDD download
The Swing Bays · FDD (2025) PDF