Executive Tans
At a Glance
Products & Services: Tanning salon
Number of Locations:
Total Investment: $258K - 448K
Founded: 1991
Began Franchising: 1995
Private Owned
About Executive Tans
Wayne Smeal opened the first Executive Tans in Denver in 1991. The company now operates salons throughout the Southwest that offer customers tanning services and massages as well as swimwear and tanning products.Startup Costs, Ongoing Fees and Financing
Total Investment: $258,000 - $448,000
Franchise Fee: $25,000
Ongoing Royalty Fee: $795/mo.
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $25,000
Ongoing Royalty Fee: $795/mo.
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $150,000
Liquid Cash Available: $50,000 - $75,000
Operations
14% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 4. Absentee ownership of franchise is allowed. (81% of current franchisees are owner/operators).| 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. At off-site locations : Periodically.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Other marketing support: Radio