Planet Beach Franchising Corporation

Planet Beach Franchising Corporation

Planet Beach Franchising Corporation
Not Ranked

Initial Investment

LOW: $177,162
HIGH: $351,096

Change in Units

-22.2% -39 UNITS (1 Year)
-29.5% -52 UNITS (3 Years)

Promoted Opportunities

Company Profile

Founded

1995

Franchising Since

1996 (20 Years)

Corporate Address

5145 Taravella Road Marrero, LA 70072

CEO

Stephen Smith

About Planet Beach Franchising Corporation

In 1995, Steve Smith decided to open his first tanning salon in New Orleans. He began franchising in 1996, and over the next several years, Planet Beach expanded to hundreds of locations worldwide. In 2004, Smith decided to re-position the Planet Beach brand from tanning salon to contempo spa, a hybrid of the spa and UV industries. Services include massages, LED facials, hydration therapy, dry heat saunas, teeth whitening, weight management systems, spray tanning, UV therapy and more.

Financials

Financial Requirements

Initial Investment

$177,162 - $351,096

Net-worth Requirement

$300,000

Liquid Cash Requirement

$65,000

Ongoing Fees

Initial Franchise Fee

$39,950

Ongoing Royalty Fee

6%

Ad Royalty Fee

2%

Financing Options

Planet Beach Franchising Corporation offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable

Planet Beach Franchising Corporation has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives


$2,500 off franchise fee

Franchise 500® Rank History

Highest Rank: 199

Lowest Rank: 383

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 5 days

Additional Training: At franchise opening; ongoing online training

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 4

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 15th, 2015

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