Golf VX Franchising vs 9Round

9Round’s installed base is the only story that matters here. With 141 franchised units, you’re looking at a real, reachable TAM right now—even if the brand is shrinking fast. That -29% unit growth is a timing risk: you’re selling into a contracting network, so every lost location directly reduces your renewal base and upsell runway. But the sheer volume of live doors means you can run a multi-threaded outbound motion, build a reference footprint, and capture meaningful revenue before the decline fully hits. The moderate investment range ($160k–$390k) also keeps the franchisee budget conversation realistic; you’re not fighting for a