FranchiseVerdict
TruGolf Links logo
FV-02804·MODERATEStandard67

TruGolf Links

OtherFranchising since 2024Website
Investment
$144K – $1.3M
49th pct Other
Avg revenue
50th pct Other
Royalty
6.0%
17th pct Other
Units
0
0th pct Other
SBA default

Bottom line

  • Total investment $144K – $1.3M including a $45K franchise fee, 6.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 65/100.
  • Auditor disclosed a going-concern note — 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
TruGolf Links Franchising, LLC
Parent company
TruGolf Holdings, Inc.
Incorporated in
Delaware
HQ
60 North 1400 West, Centerville, Utah 84014
Auditor
Haynie & Company
Audited financials
Franchisor revenue
$20.6M
vs $21.9M prior year
⚠ Going-concern note
Disclosed in FDD 2025
Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.

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 TruGolf Links unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $144K–$1.3M
Working capital
$
FDD reports $15K–$40K

Unlevered ROIC · per unit

16%

Below typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$120K
EBITDA margin
16.0%
Total invested
$740K
Payback
74 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

TruGolf Links franchisees operate golf entertainment venues, likely featuring simulators, virtual golf games, and/or golf instruction services. Daily operations include managing customer experiences, maintaining equipment, handling point-of-sale transactions, and potentially staffing instruction or event hosting.

CEO
Chris Jones
Founded
2024
FDD year
2025
States available
0

Item 7 · what it costs

The Vitals

Total investment
$144K – $1.3M
All-in to open one unit
Liquid capital
$15K – $40K
Cash you must have on hand
Franchise fee
$45K
Royalty
6.0%
Gross Sales · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical

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

Total units
0
Opened
0
Last reporting year
Closed
0
Company-owned
0
Corporate units in the system
2023
0±0
Franchised units
2024
0
Franchised units
2025
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 4 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 4 states
Not registered

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

65
Risk · 0-100
MODERATE65 / 100

TruGolf Links presents elevated risk due to complete absence of unit data, missing financial performance disclosure, unprotected territories, and a wide cost variance that cannot be justified by disclosed earnings.

Score breakdown · what drove the 65 / 100 rating

  1. 01MEDZero disclosed franchise units with unknown growth trajectory indicates either brand-new concept or undisclosed closures/struggles
  2. 02MEDNo average revenue or net income disclosure (missing Item 19) prevents ROI validation and suggests franchisor may lack performance data or wants to avoid liability
  3. 03MINORUnprotected territory creates direct competition risk—multiple franchisees could operate in same area, cannibalizing sales
  4. 04MINORWide investment range ($144K–$1.28M) without corresponding revenue disclosure makes due diligence nearly impossible
  5. 05MINORHigh royalty floor (6% of gross sales, non-negotiable) leaves thin margins in a capital-intensive golf entertainment business
  6. 06MINOR10-year term locks franchisees into long commitment with no performance benchmarks or escape clauses

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Service Area
Protected territory
No
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Optional
Governing law
Utah

Item 11

Training & Operations

Classroom training
24 hrs
On-the-job training
24 hrs

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

4 numbers

Locked
(801) 298-••••
UT
(804) 371-••••
VA
(360) 902-••••
WA

One-time purchase · CSV download · Validation questions included

FDD download

TruGolf Links · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above