Is Five Iron Golf or Cloudbound cheaper to open?

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

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

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

Five Iron Golf vs Cloudbound

Franchise Comparison 2026

Both Five Iron Golf and Cloudbound are recreation & entertainment franchises. Five Iron Golf requires an investment of $2.0M – $4.7M while Cloudbound requires $2.3M – $4.2M. 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 Five Iron Golf B (Above average) and Cloudbound C (Average).

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