Is Cloudbound or Five Iron Golf cheaper to open?

Cloudbound costs $2,279,400–$4,231,687 and Five Iron Golf costs $1,963,500–$4,655,000 to open (FDD Item 7). Five Iron Golf has the lower entry cost.

Which is the better franchise, Cloudbound or Five Iron Golf?

FranchiseVerdict grades Cloudbound C and Five Iron Golf B, from FDD Items 5–7, 19–21 and SBA loan performance. See the full side-by-side above.

Cloudbound vs Five Iron Golf

Franchise Comparison 2026

Both Cloudbound and Five Iron Golf are recreation & entertainment franchises. Cloudbound requires an investment of $2.3M – $4.2M while Five Iron Golf requires $2.0M – $4.7M. Five Iron Golf discloses average revenue of $3.0M; Cloudbound makes no financial performance representation in its Item 19, which is voluntary under the FTC Franchise Rule. Note: Company-owned outlets only - not franchisee performance. FranchiseVerdict rates Cloudbound C (Average) and Five Iron Golf B (Above average).

Metric	Cloudbound	Five Iron Golf
Verdict Grade	CAverage	BAbove average
Investment Range	$2.3M – $4.2M	$2.0M – $4.7M
Franchise Fee	$60K	$50K
Royalty Rate	6.0%	7.0%
Average Revenue (Item 19)	N/ANo Item 19 representation	$3.0MCompany-owned only
SBA Charge-Off Rate	N/A	N/A
Total Units	0	37
Unit Growth (YoY)	+0 units	+4 units
Year Began Franchising	2025	2022
FDD Year	2026	2026