Oklahoma Golf USA franchisee completes purchase of brand in North America [The Oklahoman, Oklahoma City]
(Daily Oklahoman (Oklahoma City) Via Acquire Media NewsEdge) Nov. 02--Local Golf USA franchisee Brad Bowen has finalized his purchase of the all of the bankrupt retailers' North American franchise rights.
Bowen, a former executive for Oklahoma City-based Golf USA, purchased the franchise agreements for 37 Golf USA stores across the United States, Canada, Mexico and Guam for $280,000 in cash and up to $261,809 in gift card liabilities.
Bowen is the managing member of National Franchising Group LLC, which will take over the Golf USA brand in North America from Golf USA Inc. after it filed for Chapter 11 bankruptcy earlier this year.
The sale was finalized Thursday, Bowen said.
"Our main goal is to strengthen support to the 30 plus Golf USA franchise locations in the U.S.," he said.
Moving forward, Bowen wants to boost service with Golf USA's franchisees, including improving the brand's point-of-sale system and helping stores with marketing, signage, social media and advertising.
Bowen said he hoped to launch a new website for the brand and wants to begin selling new franchise locations in North America. He also plans to launch a new e-commerce platform at golfusa.com.
"Time to get things headed back in a positive direction," Bowen said.
The deal was approved by U.S. Bankruptcy Court Judge Niles Jackson on Sept. 18.
Founded in Oklahoma in 1986, Golf USA has more than 60 retail stores in 12 countries. The brand once had more than 100 retail stores in 18 countries, and had touted itself as the world's largest golf equipment franchiser.
However, the number of stores has been on the decline for the past few years and a group of Spain-based investors took control of the company a few years ago.
Golf USA Inc. filed for Chapter 11 bankruptcy in May after one of its creditors tried to force the company into receivership.
Bowen worked for Golf USA Inc. for 14 years before he and his wife became franchisees by buying three Oklahoma City Golf USA locations that were once corporately owned.
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