Start-Up Costs and Fees |
||
| The Palms Tanning Resort | Palm Beach Tan | |
| Investment | 489750 - 517000 | 624438 - 926790 |
| Franchise Fee | 0 | |
| Royalty Fee | 6% | 4-6% |
| Advertising Fee | 2% | 5.50% |
| Year Founded | 2003 | 1990 |
| Year Franchised | 2003 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Palms Tanning Resort | Palm Beach Tan | |
| Experience | General business experience Marketing skills Customer service skills | General business experience Marketing skills Multi-unit retail development |
Financing Options |
||
| The Palms Tanning Resort | Palm Beach Tan | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| The Palms Tanning Resort | 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, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software |
| Marketing | Co-op advertising, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketingLoyalty program/app |
| Operations | Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. | 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 |
||
| The Palms Tanning Resort | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Palms Tanning Resort | |
| Palm Beach Tan | |
| Franchise Fee | |
| The Palms Tanning Resort | |
| Palm Beach Tan | |
| Royalty Fee | |
| The Palms Tanning Resort | 6% |
| Palm Beach Tan | 4-6% |
| Advertising Fee | |
| The Palms Tanning Resort | 2% |
| Palm Beach Tan | 5.50% |
| Year Founded | |
| The Palms Tanning Resort | 2003 |
| Palm Beach Tan | 1990 |
| Year Franchised | |
| The Palms Tanning Resort | 2003 |
| Palm Beach Tan | 1998 |
| Term Of Agreement | |
| The Palms Tanning Resort | 10 years |
| Palm Beach Tan | 10 years |
| Renewal Fee | |
| The Palms Tanning Resort | 25% of initial franchise fee |
| Palm Beach Tan | Varies |
Business Experience Requirements |
|
| Experience | |
| The Palms Tanning Resort | General business experience Marketing skills Customer service skills |
| Palm Beach Tan | General business experience Marketing skills Multi-unit retail development |
Financing Options |
|
| Franchise Fees | |
| The Palms Tanning Resort | No |
| Palm Beach Tan | No |
| Start-up Costs | |
| The Palms Tanning Resort | |
| Palm Beach Tan | |
| Equipment | |
| The Palms Tanning Resort} | |
| Palm Beach Tan | |
| Inventory | |
| The Palms Tanning Resort | |
| Palm Beach Tan | |
| Receivables | |
| The Palms Tanning Resort | |
| Palm Beach Tan | |
| Payroll | |
| The Palms Tanning Resort | |
| Palm Beach Tan | |
Training & Support |
|
| Training | |
| The Palms Tanning Resort | |
| Palm Beach Tan | Store level tools are made available On-The-Job Training: 320 hours Classroom Training: 40 hours Additional Training: As needed |
| Support | |
| The Palms Tanning Resort | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Palm Beach Tan | Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software |
| Marketing | |
| The Palms Tanning Resort | Co-op advertising, Regional advertising |
| Palm Beach Tan | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketingLoyalty program/app |
| Operations | |
| The Palms Tanning Resort | Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. |
| 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 | |
| The Palms Tanning Resort | |
| 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 | |
| The Palms Tanning Resort | 0 |
| Palm Beach Tan | |
| International Expansion | |
| The Palms Tanning Resort | |
| Palm Beach Tan | |