The Palms Tanning Resort
At a Glance
Products & Services: Tanning salon
Number of Locations: 5
Total Investment: $489.75K - 517K
Founded: 2003
Began Franchising: 2003
Private Owned
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2011 | 2 | 0 | 0 | 3 |
| 2010 | 2 | 0 | 0 | 2 |
| 2009 | 1 | 0 | 0 | 2 |
| 2008 | 1 | 0 | 0 | 2 |
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
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
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..| Financing Type | In-House | Third Party |
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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,
Marketing Support: Co-op advertising, Regional advertising,
Other marketing support: Sports teams marketing, Yellow Pages ads, radio spots
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