Next
159/500
Back

Palm Beach Tan

2014 Franchise 500
#159
At a Glance

Products & Services: Tanning

Number of Locations: 398

Total Investment: $554.8K - $821.5K

Founded: 1990

Began Franchising: 1998

About Palm Beach Tan

Palm Beach Tan locations offer both sunbed and sunless tanning services, as well as sales of tanning and skin care products. Memberships are available, with a rewards program. The Coppell, Texas-based company first opened in 1990, and has been franchising since 1998.

Franchise Units

Year U.S. Canadian International Company Owned
2014 225 0 0 173
2013 169 0 0 153
2012 115 0 0 140
2011 103 0 0 129
2010 104 0 0 99
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $554,800 - $821,465
Franchise Fee: $10,000 - $30,000
Ongoing Royalty Fee: 4-6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $250,000
Operations
63% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 - 10. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 1 week. At grand opening : 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Local store marketing

Franchise Ranking History

Franchise 500®: #159 (2014), #171 (2013), #204 (2012), #230 (2011), #175 (2010),
Fastest-Growing: #90 (2014),

Franchise Search

Looking to Start a Business?

Chem-Dry Cleaning has opportunities available today.

Request Information

Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise penalty-free. ($50k min)

Featured Franchises For Sale

West Coast Franchise Expo - October 23-25, 2014

From the Entrepreneur Bookstore

Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
By Erwin J. Keup and Peter Keup
More Info