Tanworld

At a Glance

Products & Services: Tanning services, lotions & skin-care products

Number of Locations:

Total Investment: $323.1K - $564K

Founded: 1994

Began Franchising: 1996

Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $323,100 - $564,000
Franchise Fee: $30,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $350,000
Liquid Cash Available: $75,000
Operations
65% of all franchisees own more than one unit. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).
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. Seminars/webinars
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Ad slicks,

Franchise Ranking History

Franchise 500®: #275 (2011),