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Five Iron Golf franchise — is it worth it?

Low risk Growing network Item 19 disclosed

Five Iron Golf is a fitness franchise with a relatively high initial investment range of $1.96M to $4.66M.

Everything below is free, read straight off Five Iron Golf's registered filing, with where the numbers land against fitness peers. Weighing Five Iron Golf against other options? Get a free shortlist of franchises that fit your budget.

Figures above are as disclosed in Five Iron Golf's most recent FDD (registered 2026). Source: Wisconsin Dept. of Financial Institutions — Franchise Registration · filing 641335 — check it yourself. See every other Wisconsin-registered franchise.

How much does a Five Iron Golf franchise make?

Five Iron Golf is one of the franchisors that answers this on the record: its most recent FDD makes an Item 19 financial performance representation — actual unit earnings figures, disclosed by the franchisor itself. The headline figure is $2,872,177 in average unit revenue — read it alongside what Item 19 says about which units it covers (often only mature or top-performing locations). See every fitness brand that discloses earnings in the Gym & fitness franchises with disclosed Item 19 earnings ranking.

Five Iron Golf franchise profit vs. revenue

Revenue is not profit. An Item 19 almost always reports sales — what a location takes in — not what an owner keeps. Out of that number come Five Iron Golf's 20% royalty, the ad fund, rent, payroll, supplies and debt service. No FDD tells you a Five Iron Golf franchise's profit, because profit depends on your site, your rent and how you run it — so treat any "Five Iron Golf franchise profit" figure quoted elsewhere as someone's estimate, not a disclosure. On $2,872,177 of revenue, a 20% royalty alone is about $574,435 a year before any other cost.

Five Iron Golf lawsuits & legal history (FDD Item 3)

Five Iron Golf's most recently filed Franchise Disclosure Document (2026) discloses no litigation in Item 3. That is a real signal rather than a gap: the FTC Franchise Rule requires a franchisor to disclose material litigation involving itself, its predecessors, parents, affiliates and management, so an empty Item 3 in a current filing means there was nothing it was required to report. It is worth reading alongside the churn numbers — a system can have a clean Item 3 and still be losing franchisees, which is what Item 20 shows.

Five Iron Golf closures & failure rate

Before you sign, Five Iron Golf will hand you a list of current owners to call as references — and they choose who's on that list. It won't include the owners who quit, got bought out, or were forced out last year. The FDD does report that number, even though the reference list leaves those people off. Below is what Five Iron Golf's most recent filing shows, and whether it's normal for a fitness of this kind.

The closest thing an FDD has to a failure rate is Item 20 — outlet openings, closures, terminations and non-renewals, reported by the franchisor. Five Iron Golf's latest tables show a growing franchised network. Net franchised outlets moved +4 to 7 in the latest reported year.

Who owns Five Iron Golf?

Five Iron Golf's franchise is offered by Five Iron Golf Franchising LLC — the franchisor named on the cover of its most recently filed Franchise Disclosure Document (2026), and the entity a franchisee actually signs with. That name comes straight off the filing at WI DFI; it identifies the franchisor, not necessarily the ultimate parent company behind it.

Fitness franchises at a similar investment level

Anyone weighing Five Iron Golf is really weighing it against the other brands their money could go into. These are the closest by total initial investment (FDD Item 7), each with its own FDD-based page.

Five Iron Golf franchise — frequently asked