Five Iron Golf franchise
A Five Iron Golf franchisee operates an indoor golf simulator venue with lessons, events, a restaurant and a bar. At the end of 2025 there were 37 Five Iron Golf locations in the US, 7 franchised and 30 company-owned, so most are run by the company itself.
- Cost to open
- $1.96M–$4.66M
- Franchise fee
- $50,000
- Royalty
- 7%
- Locations, 2025
- 37+7 in 3 yrs
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Company snapshot
- SBA loans
- On the SBA Franchise Directory
From FIVE IRON GOLF FRANCHISING LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a Five Iron Golf franchise costs
Opening one center costs an estimated $1,963,500 to $4,655,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: FIVE IRON GOLF FRANCHISING LLC, 2026 filing, page 19
Five Iron Golf franchise fee
The franchise fee is $50,000. You pay it when you sign the franchise agreement.
Source: FIVE IRON GOLF FRANCHISING LLC, 2026 filing, page 11
Royalty and ongoing fees
| Royalty | 7% of monthly gross sales, paid monthly. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: FIVE IRON GOLF FRANCHISING LLC, 2026 filing, page 12
Sales and earnings
Shares figures Five Iron Golf publishes sales or earnings figures for its locations: 2025 results for 18 qualifying company-owned centers, rather than franchised centers. The full tables, with notes on which locations are counted, are in its filing.
Source: FIVE IRON GOLF FRANCHISING LLC, 2026 filing, page 53
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 0 (0) | 22 | 0 |
| 2024 | 3 (+3) | 25 | 0 |
| 2025 | 7 (+4) | 30 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Five Iron Golf passes four of the five tests on our list of the best franchises to own; it had fewer than 100 US locations three years ago.
Source: FIVE IRON GOLF FRANCHISING LLC, 2026 filing, page 57
How Five Iron Golf compares
Of the 19 entertainment franchises on this site, Five Iron Golf is the 14th cheapest to open and the 10th largest by number of locations.
| Measure | Five Iron Golf | Typical entertainment |
|---|---|---|
| Cost to open, low end | $1.96M | $809K |
| Royalty | 7% | 6% |
| Closed or left per year | 0% | 3% |
| Shares earnings figures | Yes | 18 of 19 |
Typical is the median across the 19 brands in entertainment franchises.
