GolfCave
Entertainment & Recreation · Sports & Recreation
- Royalty
- 8.5%
of weekly Net Sales
About GolfCave
**Golf Cavendish Beach** is a premier golfing destination located in Hunter River, Prince Edward Island. Offering an exceptional experience, the brand features four outstanding golf courses: Anderson Creek, Eagles Glenn, Glasgow Hills, and Green Gables. The **2024 Golf Cavendish Beach Trail Card** is an exclusive membership that grants players access to 18-hole rounds at all four courses, including a golf cart and practice range privileges for just $450 plus HST.
Players can enjoy preferred tee times and must complete their rounds within a year of purchase. Each round requires a unique voucher code, ensuring a seamless booking process. The brand emphasizes customer security and privacy, implementing robust measures to protect personal information during transactions. Golf Cavendish Beach is dedicated to delivering a memorable golfing experience through stunning landscapes, high-quality facilities, and exceptional service, making it a must-visit for golf enthusiasts in the region. For further assistance, their customer support is readily available to ensure all golfing needs are met.
Key terms
- Franchise fee
$50k
- Expired 2024 Initial Franchise Fee incentive
In 2024 reduced Initial Franchise Fee of $35,000; program has ended.
- Brand fund
1000.0% of Net Sales
- Local advertising
1.0% of Net Sales
- Footprint
4,000 – 7,000 sq ft
- Area Development Agreement
$100k
- Veteran discount
Vet Fran/First Responder Incentive: reduced Initial Franchise Fee of $40,000 on the first Franchise Agreement; qualified individual must own at least 51%.
Brand Percentile Rankings
Growth
- Total locations—
Franchised units open at year-end
- New openings—
Gross new units opened during the calendar year
- 1-year unit growth rate—
Net unit growth versus prior year
- 3-year unit CAGR—
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio—
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$754k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open12 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate8.5%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.