Five Iron Golf
Source filing: WI · filed 2026-04-28
Item 5 — Initial franchise fee
$50,000 [p.11 · WI · 2026-04-28]
Item 6 — Recurring fees (royalty & advertising)
| Continuing Service and Royalty Fee (“Royalty”) | 7% of monthly Gross Sales(2)(3) [p.12 · WI · 2026-04-28] |
|---|---|
| Brand Fund Contribution (“Brand Fund Contribution”) | 2% of monthly Gross Sales [p.13 · WI · 2026-04-28] |
| Local Advertising | On a monthly basis, a minimum of 1% of the Center’s prior month’s Gross Sales [p.13 · WI · 2026-04-28] |
Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
$1,963,500 [p.19 · WI · 2026-04-28] – $4,655,000 [p.19 · WI · 2026-04-28]
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 3 [p.57 · WI · 2026-04-28] |
|---|---|
| Franchised outlets at end of year | 7 [p.57 · WI · 2026-04-28] |
| Net change in franchised outlets | 4 [p.57 · WI · 2026-04-28] |
| Transfers | 0 [p.57 · WI · 2026-04-28] |
| Terminations | 0 [p.58 · WI · 2026-04-28] |
| Non-renewals | 0 [p.58 · WI · 2026-04-28] |
| Ceased operations (other) | 0 [p.58 · WI · 2026-04-28] |
| Company-owned outlets at end of year | Not disclosed |
Item 19 — Financial performance representation
Headline cohort
All Included Centers (Company Centers, Select Company Centers, and Franchised Centers combined) · 12-month period beginning January 1, 2025 and ending December 31, 2025
| Outlets in sample | Average | Median | High | Low |
|---|---|---|---|---|
| 20 [p.54 · WI · 2026-04-28] | $2,872,177 [p.54 · WI · 2026-04-28] | $2,425,832 [p.54 · WI · 2026-04-28] | $7,491,082 [p.54 · WI · 2026-04-28] | $1,177,125 [p.54 · WI · 2026-04-28] |
All disclosed cohorts (4)
| Cohort | Outlets | Average | Median | High | Low |
|---|---|---|---|---|---|
| All Included Centers (Company Centers, Select Company Centers, and Franchised Centers combined) 12-month period beginning January 1, 2025 and ending December 31, 2025 |
20 [p.54 · WI · 2026-04-28] | $2,872,177 [p.54 · WI · 2026-04-28] | $2,425,832 [p.54 · WI · 2026-04-28] | $7,491,082 [p.54 · WI · 2026-04-28] | $1,177,125 [p.54 · WI · 2026-04-28] |
| All Company Centers (18 company-owned centers operating continuously throughout the Measurement Period) 12-month period beginning January 1, 2025 and ending December 31, 2025 |
18 [p.53 · WI · 2026-04-28] | $3,020,897 [p.54 · WI · 2026-04-28] | $2,527,757 [p.54 · WI · 2026-04-28] | $7,491,082 [p.54 · WI · 2026-04-28] | $1,699,877 [p.54 · WI · 2026-04-28] |
| Select Company Centers (subset of 9 Company Centers excluding NYC locations and locations with more than 12 simulators) 12-month period beginning January 1, 2025 and ending December 31, 2025 |
9 [p.53 · WI · 2026-04-28] | $2,189,582 [p.54 · WI · 2026-04-28] | $2,232,408 [p.54 · WI · 2026-04-28] | $2,586,517 [p.54 · WI · 2026-04-28] | $1,699,877 [p.54 · WI · 2026-04-28] |
| Franchised Centers (2 franchised centers open continuously throughout the Measurement Period with 8 or more simulators) 12-month period beginning January 1, 2025 and ending December 31, 2025 |
2 [p.54 · WI · 2026-04-28] | $1,533,704 [p.54 · WI · 2026-04-28] | $1,533,704 [p.54 · WI · 2026-04-28] | $1,890,284 [p.54 · WI · 2026-04-28] | $1,177,125 [p.54 · WI · 2026-04-28] |
“In this Item 19, we provide certain historical operating results of company-owned Five Iron Golf Centers during the 12-month period beginning January 1, 2025 and ending December 31, 2025.” [p.53 · WI · 2026-04-28]
Extraction notes
- Item 20 outlet counts were extracted with model assistance and verified against the cited pages.
- Item 7 totals were extracted with model assistance and verified against the cited page.