The Palms Tanning Resort

At a Glance

Products & Services: Tanning

Number of Locations: 5

Total Investment: $489.8K - $517K

Founded: 2003

Began Franchising: 2003

Franchise Units

Year U.S. Canadian International Company Owned
2014 1 0 0 4
2013 1 0 0 4
2012 2 0 0 3
2011 2 0 0 3
2010 2 0 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $489,750 - $517,000
Franchise Fee: $35,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $100,000
Operations
Number of employees needed to run franchised unit: 3 - 5. Absentee ownership of franchise is allowed..
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+.
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Regional advertising,
Other marketing support: Sports teams marketing, Yellow Pages ads, radio spots

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