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Cornhole Golf
How much does Cornhole Golf cost?
Initial Investment Range
$212,000 to $868,000
Franchise Fee
$121,000 to $299,000
Cornhole Golf businesses are designed to combine the games of cornhole and mini-golf into one ultimate skill toss obstacle course game.
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Cornhole Golf March 7, 2025 FDD Risk Analysis
Free FDD Library AI Analysis Date: July 16, 2025
DISCLAIMER: Not Legal Advice - For Informational Purposes Only. Consult With Qualified Franchise Professionals.
Franchisor Stability Risks
Start HereDisclosure of Franchisor's Financial Instability
High Risk
Explanation
Cornhole Golf, LLC (the Franchisor) is a new company, formed in September 2024 with no operating history as a franchisor. The financial statements in Exhibit C show the company is reliant on initial capital contributions rather than operational revenue. This lack of a financial track record creates a significant risk that the Franchisor may lack the resources to adequately support its franchisees, invest in the brand, or even remain financially viable, jeopardizing your investment.
Potential Mitigations
- Your accountant must carefully review the startup nature of the provided financials and assess the Franchisor's capitalization and burn rate.
- Discuss the Franchisor's financial stability and growth funding plans directly with them, with guidance from your financial advisor.
- Inquiring with your attorney about state financial assurance requirements, such as bonds or escrow, for new franchisors is a prudent step.
High Franchisee Turnover
High Risk
Explanation
The FDD discloses that as of the end of 2024, there are no franchised outlets in operation. Therefore, there is no history of franchisee turnover to analyze. The absence of an established franchisee base means you will be one of the first to test the business model and support systems, which carries a higher level of risk than joining a mature system. The success of other franchisees is a key indicator of a system's health.
Potential Mitigations
- As one of the first franchisees, it is crucial that your attorney attempts to negotiate more favorable terms, such as lower royalties or enhanced support.
- A business advisor can help you create extremely conservative financial projections, as there is no franchisee performance data to rely on.
- Carefully track the experiences of other early franchisees as they join the system.
Rapid System Growth
Medium Risk
Explanation
The FDD does not indicate a current problem with rapid growth, as there are no existing franchisees. However, Item 20 Table 5 projects two new franchised outlets will open in the next fiscal year. Given the Franchisor's newness and limited resources, even this modest growth could strain their ability to provide adequate support. You should monitor whether the support infrastructure grows in tandem with the number of franchisees.
Potential Mitigations
- Your business advisor can help you question the Franchisor about their specific plans for scaling support infrastructure to match unit growth.
- Engaging with other new franchisees as they come online will be critical to gauge the quality and responsiveness of support.
- Your accountant should review any future financial statements from the Franchisor to assess if they are investing in support infrastructure.
New/Unproven Franchise System
High Risk
Explanation
The Franchisor is a new and unproven system, having been formed in September 2024 and beginning to offer franchises in February 2025. There are currently no operational franchised units. Investing in a new system like this carries a higher risk because the business model, brand recognition, and support systems are not yet validated by a history of franchisee success. The long-term viability and profitability of the concept is speculative at this stage.
Potential Mitigations
- Thoroughly investigating the business model's viability and the management team's capabilities with your business advisor is essential.
- It is critical to have your attorney attempt to negotiate more protective terms in the franchise agreement to offset the higher risk.
- An accountant should help you develop conservative financial models that account for the uncertainties of a new, unproven brand.
Possible Fad Business
Medium Risk
Explanation
The business combines cornhole and mini-golf. While both are established activities, their combination into a themed entertainment business is a novel concept. There is a risk that this specific concept could be a short-term trend rather than a business with long-term, sustainable consumer demand. You would still be bound by your 10-year agreement even if public interest in the concept fades, which could jeopardize the viability of your investment.
Potential Mitigations
- A business advisor can help you conduct independent market research to gauge the long-term consumer demand for this type of entertainment concept.
- It is important to evaluate the business's resilience to economic downturns and its ability to adapt beyond the initial novelty.
- Discussing the Franchisor's long-term vision and plans for innovation and evolution with them directly is a key due diligence step.
Inexperienced Management
High Risk
Explanation
The Franchisor's founder and managing member, Joe Vivirito, has disclosed prior experience as a managing member of a publishing company. The FDD does not indicate that he or any other key personnel have prior experience in the family entertainment industry or, more importantly, in managing a franchise system. This lack of specific industry and franchising experience presents a significant risk, as it may impact the quality of training, support, and strategic guidance you receive.
Potential Mitigations
- Inquiring directly about what specific experience the management team has that is relevant to supporting franchisees is a crucial step.
- It is important to have your attorney negotiate for stronger, more specific support commitments in the franchise agreement.
- A business advisor can help you assess whether the management team has hired experienced consultants to compensate for their lack of direct franchising experience.
Private Equity Ownership
Low Risk
Explanation
This specific risk was not identified in the FDD Package, as Item 1 does not indicate ownership by a private equity firm. This type of ownership can be a risk because PE firms often have short-term investment horizons, which may lead to decisions that prioritize quick returns over the long-term health of the franchise system and its franchisees. This can manifest as cuts in support, rapid franchisee sales, or pressure to use affiliated vendors.
Potential Mitigations
- To understand a franchisor's ownership structure, it is wise to have your attorney review Item 1 of the FDD and conduct corporate records searches.
- A business advisor can help you research the track record of any parent company, including private equity firms, with other franchise brands.
- Speaking with existing franchisees can provide insight into how ownership changes have impacted the system's direction and support levels.
Non-Disclosure of Parent Company
Low Risk
Explanation
This risk was not identified in the FDD Package. The Franchisor, Cornhole Golf, LLC, is presented as a standalone entity without a parent company. When a franchisor is a subsidiary, especially a new or thinly capitalized one, the financial strength and stability of its parent company become critical. A failure to disclose a parent or provide its required financial statements can obscure significant risks about the true backing and viability of the franchise system.
Potential Mitigations
- Your attorney should always verify the corporate structure disclosed in Item 1 to ensure there are no undisclosed parent or controlling entities.
- If a parent company exists and guarantees obligations, an accountant should review its financial statements for stability.
- Understanding the full corporate structure is a key part of due diligence a business advisor can assist with.
Predecessor History Issues
Low Risk
Explanation
This risk was not identified in the FDD Package, as Item 1 states that the Franchisor has no predecessors. When a franchisor has a predecessor, it is important to understand that entity's history. A predecessor with a history of litigation, bankruptcy, or high franchisee failure rates could indicate that the current franchisor has inherited a troubled system, a fact that might not be immediately apparent without careful review of the disclosures.
Potential Mitigations
- An attorney should carefully review Item 1 for any mention of predecessors and their business history.
- If a predecessor is identified, a business advisor can help you research its public record and reputation.
- Asking long-term franchisees about their experience under any prior ownership is a valuable due diligence step.
Pattern of Litigation
Low Risk
Explanation
This risk was not identified in the FDD Package, as Item 3 discloses no current or past litigation. A pattern of lawsuits, particularly those initiated by franchisees alleging fraud, misrepresentation, or breach of contract, can be a major red flag. It may suggest systemic problems with the franchisor's business practices, disclosure integrity, or relationship with its franchisees. A high volume of litigation initiated by the franchisor can also indicate an overly aggressive or punitive culture.
Potential Mitigations
- Your attorney should always carefully review the details of any lawsuits disclosed in Item 3.
- It is wise to ask your attorney to perform independent searches for litigation that may not have been disclosed.
- Discussing any disclosed litigation with current and former franchisees can provide valuable context beyond the FDD summary.
Disclosure & Representation Risks
Example Risk: Franchisee Financial Obligations
Blue Risk
Explanation
This risk involves the financial obligations that a franchisee must meet, including initial fees, ongoing royalties, and other required payments. Understanding these obligations is crucial for long-term success.
Potential Mitigations
- Carefully review the Franchise Disclosure Document (FDD) and consult with a franchise attorney to fully understand all financial commitments before signing.
- Conduct regular risk assessments
- Implement monitoring and reporting systems
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Financial & Fee Risks
Example Risk: Franchisee Financial Obligations
Blue Risk
Explanation
This risk involves the financial obligations that a franchisee must meet, including initial fees, ongoing royalties, and other required payments. Understanding these obligations is crucial for long-term success.
Potential Mitigations
- Carefully review the Franchise Disclosure Document (FDD) and consult with a franchise attorney to fully understand all financial commitments before signing.
- Conduct regular risk assessments
- Implement monitoring and reporting systems
Unlock Full Risk Analysis
Purchase the complete risk review to see all 102 risks across all 10 categories.
Legal & Contract Risks
Example Risk: Franchisee Financial Obligations
Blue Risk
Explanation
This risk involves the financial obligations that a franchisee must meet, including initial fees, ongoing royalties, and other required payments. Understanding these obligations is crucial for long-term success.
Potential Mitigations
- Carefully review the Franchise Disclosure Document (FDD) and consult with a franchise attorney to fully understand all financial commitments before signing.
- Conduct regular risk assessments
- Implement monitoring and reporting systems
Unlock Full Risk Analysis
Purchase the complete risk review to see all 102 risks across all 10 categories.
Territory & Competition Risks
Example Risk: Franchisee Financial Obligations
Blue Risk
Explanation
This risk involves the financial obligations that a franchisee must meet, including initial fees, ongoing royalties, and other required payments. Understanding these obligations is crucial for long-term success.
Potential Mitigations
- Carefully review the Franchise Disclosure Document (FDD) and consult with a franchise attorney to fully understand all financial commitments before signing.
- Conduct regular risk assessments
- Implement monitoring and reporting systems
Unlock Full Risk Analysis
Purchase the complete risk review to see all 102 risks across all 10 categories.
Regulatory & Compliance Risks
Example Risk: Franchisee Financial Obligations
Blue Risk
Explanation
This risk involves the financial obligations that a franchisee must meet, including initial fees, ongoing royalties, and other required payments. Understanding these obligations is crucial for long-term success.
Potential Mitigations
- Carefully review the Franchise Disclosure Document (FDD) and consult with a franchise attorney to fully understand all financial commitments before signing.
- Conduct regular risk assessments
- Implement monitoring and reporting systems
Unlock Full Risk Analysis
Purchase the complete risk review to see all 102 risks across all 10 categories.
Franchisor Support Risks
Example Risk: Franchisee Financial Obligations
Blue Risk
Explanation
This risk involves the financial obligations that a franchisee must meet, including initial fees, ongoing royalties, and other required payments. Understanding these obligations is crucial for long-term success.
Potential Mitigations
- Carefully review the Franchise Disclosure Document (FDD) and consult with a franchise attorney to fully understand all financial commitments before signing.
- Conduct regular risk assessments
- Implement monitoring and reporting systems
Unlock Full Risk Analysis
Purchase the complete risk review to see all 102 risks across all 10 categories.
Operational Control Risks
Example Risk: Franchisee Financial Obligations
Blue Risk
Explanation
This risk involves the financial obligations that a franchisee must meet, including initial fees, ongoing royalties, and other required payments. Understanding these obligations is crucial for long-term success.
Potential Mitigations
- Carefully review the Franchise Disclosure Document (FDD) and consult with a franchise attorney to fully understand all financial commitments before signing.
- Conduct regular risk assessments
- Implement monitoring and reporting systems
Unlock Full Risk Analysis
Purchase the complete risk review to see all 102 risks across all 10 categories.
Term & Exit Risks
Example Risk: Franchisee Financial Obligations
Blue Risk
Explanation
This risk involves the financial obligations that a franchisee must meet, including initial fees, ongoing royalties, and other required payments. Understanding these obligations is crucial for long-term success.
Potential Mitigations
- Carefully review the Franchise Disclosure Document (FDD) and consult with a franchise attorney to fully understand all financial commitments before signing.
- Conduct regular risk assessments
- Implement monitoring and reporting systems
Unlock Full Risk Analysis
Purchase the complete risk review to see all 102 risks across all 10 categories.
Miscellaneous Risks
Example Risk: Franchisee Financial Obligations
Blue Risk
Explanation
This risk involves the financial obligations that a franchisee must meet, including initial fees, ongoing royalties, and other required payments. Understanding these obligations is crucial for long-term success.
Potential Mitigations
- Carefully review the Franchise Disclosure Document (FDD) and consult with a franchise attorney to fully understand all financial commitments before signing.
- Conduct regular risk assessments
- Implement monitoring and reporting systems
Unlock Full Risk Analysis
Purchase the complete risk review to see all 102 risks across all 10 categories.
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