Golf VX Franchising

Franchise agreement

At all times, Franchisee shall exclusively use the Business Management Systems designated by Franchisor, in Franchisor’s Reasonable Business Judgment, and as may be modified, supplemented or replaced by Franchisor from time to time.

Item 11

We will have independent access to all of the information and data that is electronically transmitted on your point-of-sale system and will have access to all data related to the financial performance of your Venue.

Franchise agreement

within 30 days of the end of each month Franchisee shall submit to Franchisor monthly financial statements and other reports related to the operations of the Franchised business

Item 8

Our Parent Company, Golf VX Corp., is currently designated as an approved supplier of equipment and software.

Item 8

We may designate a supplier, including ourselves or our affiliates, as the exclusive supplier for the System.

Item 8

During the fiscal year ending December 31, 2025, we did not earn any revenue from approved suppliers based on our franchisee’s purchases.

Item 8

We and/or our affiliates may receive rebates, payments and other material benefits from suppliers based on your purchases and we reserve the right to institute and expand rebate programs in the future.

Item 8

We estimate that your purchase of goods and services from suppliers according to our specifications, including your purchase of goods or services from our designated exclusive suppliers, to represent approximately 75% of your total purchases and leases in establishing the Franchised Business and approximately 50% of…

Item 8

We may charge you a fee equal to the actual fees, costs and expenses that we incur in reviewing and evaluating an alternate supplier, product, and/or service requested by you.

Item 8

If you want to purchase or lease a source restricted item from a supplier that has not been previously approved or designated by us in writing, you must send us a written request for approval and submit additional information, samples, and testing data that we may request.

Franchise agreement

In the event of the termination of this Agreement, for any reason, that the accounts related to all telephone numbers associated with the Franchised Business and all rights in and to the telephone numbers associated with the Franchised Business, shall, at Franchisor’s election, be transferred to Franchisor.

Franchise agreement

Franchisor has the right at any and all times during business hours, throughout the terms of this Agree and without prior notice to Franchisee, to inspect Franchisee’s Venue.

Item 11

At all times, we reserve the right to supplement, modify and update the Manuals.

Item 11

Within 120 days of signing your Franchise Agreement you must secure a Venue Location and lease that we approve (Franchise Agreement, Article 3.A.).

Item 11

You may not use any websites, web-based media or digital media unless expressly approved by us in writing.

Item 7

You must spend a minimum of $5,000 to $10,000 prior to the opening your Venue to promote your grand opening.

Item 11

On an on-going monthly basis, you must spend not less than 1% of your monthly Gross Sales on the local marketing of your Venue.

Item 8

You must also participate in our customer loyalty program and comply with the loyalty program rules as set forth in our Manuals.

Franchise agreement

If Franchisee’s Venue or Designated Territory is located within the geographic area of an Advertising Cooperative, franchisee must participate in and contribute to the Advertising Cooperative.

Item 8

You must purchase the System Supplies, as designated by us, from us, our affiliates, and/or our designated suppliers.

Item 8

You may only use those products, supplies, equipment, technology systems, and services that we authorize and designate in writing.

Item 8

You must use our designated supplier and vendor for credit card processing which may be integrated with the point of sale system that we designate.

Franchise agreement

Royalty Fee payments will be paid monthly and sent by ACH, electronic funds transfer, or as otherwise designated by Franchisor and shall be due on Tuesday of each monthly Accounting Period (for the preceding month and each month thereafter throughout the entire Term of this Agreement) or such other specific day of…

Item 8

You must use our designated supplier and vendor for the ability to access and use online, point of sale integrated, web based, and/or app based, ordering, customer rewards, and/or gift card systems.

Item 15

At all times, your Venue must be managed and supervised on-site by either a Managing Owner or Operating Manager.

Item 11

you must ensure that all employees wear and maintain the proper uniforms with our approved System branded apparel and uniforms including, but not limited to, the apparel and uniforms comprising System Supplies.

Item 8

Currently you are required to purchase, license and utilize a Toast and Square point of sale system with one configured hardware terminal.

Item 11

We will have independent access to all of the information and data that is electronically transmitted on your point-of-sale system and will have access to all data related to the financial performance of your Venue.

Franchise agreement

“Business Management System” refers to and means the software, internet, web based and/or cloud based system or systems, point of sale system or systems and customer relationship management system or systems as same may be individually or collectively designated by us, in our Reasonable Business Judgment, as being…

Franchise agreement

Franchisor reserves the right to assess Franchisee reasonable charges for such training.

Item 6

If we offer a franchisee annual conference in a given year you will be required to attend the conference on the dates and at the location that we designate.