Palm Beach Tan

#171

At a Glance

Products & Services: Tanning salon

Number of Locations: 255

Total Investment: $554.73K - 821.38K

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
2012	115	0	0	140
2011	103	0	0	129
2010	104	0	0	99
2009	114	0	0	77

Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $554,725 - $821,375
Franchise Fee: $20,000 - $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).

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