Start-Up Costs and Fees |
||
| Sol'exotica Tanning Salon | Palm Beach Tan | |
| Investment | 70000 - 150000 | 624438 - 926790 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 4-6% |
| Advertising Fee | N/A | 5.50% |
| Year Founded | 1994 | 1990 |
| Year Franchised | 2007 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Sol'exotica Tanning Salon | Palm Beach Tan | |
| Experience | General business experience Marketing skills Multi-unit retail development | |
Financing Options |
||
| Sol'exotica Tanning Salon | Palm Beach Tan | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Sol'exotica Tanning Salon | Palm Beach Tan | |
| Training | Store level tools are made available On-The-Job Training: 320 hours Classroom Training: 40 hours Additional Training: As needed | |
| Support | Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software | |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketingLoyalty program/app | |
| Operations | Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (15% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Sol'exotica Tanning Salon | Palm Beach Tan | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | |
| Franchise Fee | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | |
| Royalty Fee | |
| Sol'exotica Tanning Salon | 6% |
| Palm Beach Tan | 4-6% |
| Advertising Fee | |
| Sol'exotica Tanning Salon | N/A |
| Palm Beach Tan | 5.50% |
| Year Founded | |
| Sol'exotica Tanning Salon | 1994 |
| Palm Beach Tan | 1990 |
| Year Franchised | |
| Sol'exotica Tanning Salon | 2007 |
| Palm Beach Tan | 1998 |
| Term Of Agreement | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | 10 years |
| Renewal Fee | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | Varies |
Business Experience Requirements |
|
| Experience | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | General business experience Marketing skills Multi-unit retail development |
Financing Options |
|
| Franchise Fees | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | |
| Start-up Costs | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | |
| Equipment | |
| Sol'exotica Tanning Salon} | |
| Palm Beach Tan | |
| Inventory | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | |
| Receivables | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | |
| Payroll | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | |
Training & Support |
|
| Training | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | Store level tools are made available On-The-Job Training: 320 hours Classroom Training: 40 hours Additional Training: As needed |
| Support | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software |
| Marketing | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketingLoyalty program/app |
| Operations | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (15% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Sol'exotica Tanning Salon | Nationwide, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon Territory |
| Palm Beach Tan | |
| International Expansion | |
| Sol'exotica Tanning Salon | |
| Palm Beach Tan | |