The Back Nine franchise research

Investment by format

Format-specific estimates only. Do not combine one format's minimum with another format's maximum.

Investment sourceFDD p.16 ↗

Franchise fees and ongoing costs

Franchise fee

$50,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review.

Royalty

8% · 8% of monthly Gross Revenues, paid monthly via ACH on the 15th

Marketing contribution

1% (basis not captured; see original filing)

Technology fee

$350/month Internal Systems Fee (may increase up to 5% annually), starting 60 days after franchise agreement effective date

Other fees

Marketing System Fee $250/month to SQRD Media (CRM); Full Swing Simulator Software & Maintenance Fee $2,000/simulator/year; Annual Convention Fee $500/person

Working capital (FDD Item 7)

$8,000 to $25,000 estimated minimum additional funds needed for the first 3 months after opening, covering initial payroll/payroll taxes, repairs and maintenance, bank charges, and staff recruiting; excludes owner compensation and debt service.

Fees sourceFDD p.8 ↗

Working capital is drawn from Item 7. The Investment source below locates the investment section, not an independently verified working-capital scalar.

Investment sourceFDD p.16 ↗

Franchise fee sourceFDD · page not captured ↗

Financial performance: Item 19

Item 19 captured

Yes

Metric / basis

Total Revenue (historical financial performance representation) for qualifying operating franchise outlets

Reporting period

Not captured

Sample

45 operating franchised outlets (of 120 total franchised outlets; excluded 4 outlets with fewer than 3 simulator bays and 75 outlets open less than 6 months)

Reported average

Not captured

Reported median

Not captured

Owner income is not captured. Gross sales and EBITDA are not owner pay. Results depend on the disclosed metric, sample and period; consult the full filing.

Item 19 performance sourceFDD p.36 ↗

Unit growth: Item 20

Reporting year

2025

Scope

franchised outlets

Starting outlets

25

Year-end outlets

120

Net change

+95

Derivation

ending minus starting outlets

Openings

95

Terminations

0

Non-renewals

0

Other closures

0

Reacquisitions

0

Transfers

2

Transfers are not closures. Net change is ending minus starting outlets for the stated scope and year, or complete openings less terminations, non-renewals, other closures and reacquisitions. Missing inputs stay unknown.

Unit growth sourceFDD p.38 ↗

SBA loan history

Loan activity

146 approvals

Activity window

FY2021-FY2026 YTD; snapshot 2026-06-30

Median SBA loan

$350,000

Median loan window

FY2023-FY2026 YTD through 2026-06-30

Median loan sample

146 loans

Historical charge-off share

Suppressed: fewer than 10 seasoned loans

Cohort

7(a) FY2010-2019 approvals

Numerator / denominator

0 / 0

Formula

CHGOFF / (PIF + CHGOFF + EXEMPT) × 100

This is a historical loan-level share, not a franchise failure probability or location survival rate. Loan size is not total investment. Other loan statuses are excluded from the seasoned denominator. Activity combines 7(a) and 504 approvals, excluding canceled and not-funded records; this is not a rolling five-year count. FY2024-25 franchise tags are sparse after directory suspension; fewer tagged loans do not establish brand decline. Recent charge-off cohorts are immature.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median loan amounts are financing context, not startup cost. The median window is separate from the seasoned charge-off cohort.

Median SBA loan sourceSBA data · Jun 30, 2026 ↗

Questions before you invest

How much does The Back Nine franchise cost?

standard indoor golf facility (leased premises, 2,000-4,000 sq ft, 3-5 Full Swing simulators): $307,050 to $688,500 These are format-specific estimates, not a guaranteed cash requirement. Franchise fee: $50,000 · Extracted Item 5 scalar range, not a universal minimum or maximum; formats, eligibility, discounts and waivers require original-filing review..

Investment sourceFDD p.16 ↗

Franchise fee sourceFDD · page not captured ↗

How much do The Back Nine owners make?

Owner income is not captured. Gross sales and EBITDA are not owner pay. Item 19 metric: Total Revenue (historical financial performance representation) for qualifying operating franchise outlets. Sample: 45 operating franchised outlets (of 120 total franchised outlets; excluded 4 outlets with fewer than 3 simulator bays and 75 outlets open less than 6 months). Period: Not captured.

Item 19 performance sourceFDD p.36 ↗

What's the SBA charge-off rate for The Back Nine?

Suppressed: fewer than 10 seasoned loans; numerator / denominator: 0 / 0. Historical 7(a) FY2010-2019 approvals; CHGOFF / (PIF + CHGOFF + EXEMPT) × 100, snapshot 2026-06-30. This is not a franchise failure probability. Median SBA loan: $350,000; window: FY2023-FY2026 YTD through 2026-06-30; sample: 146 loans. Median financing is not total investment.

SBA loans sourceSBA data · Jun 30, 2026 ↗

Median SBA loan sourceSBA data · Jun 30, 2026 ↗