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