- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$462K - $918K
- Units as of 2024
-
78 129.4% over 3 years
Company Overview
About Glo Tanning
Industry | Personal-Care Businesses |
---|---|
Related Categories | Tanning |
Founded | 2010 |
Parent Company | Glo Tanning Franchising LLC |
Leadership | Onyi Odunukwe, CEO |
Corporate Address |
12335 N. Rockwell Oklahoma City, OK 73142 |
Social | Facebook, Instagram, TikTok |
Business Overview
Franchising Since | 2020 (4 years) |
---|---|
# of employees at HQ | 55 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 78 (as of 2024) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Glo Tanning franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$40,000 |
---|---|
Initial Investment
|
$462,299 - $917,650 |
Net Worth Requirement
|
$300,000 - $1,000,000 |
Cash Requirement
|
$100,000 - $250,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
6.5% |
Ad Royalty Fee
|
3% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Glo Tanning has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 40 hours |
---|---|
Classroom Training | 64 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Glo Tanning.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Subway's CEO Steps Down Amid a Major Transition for the Sandwich Giant
John Chidsey will step down at the end of 2024, marking the close of a transformative five-year tenure.
You Can Start These 10 Franchises for $10,000 or Less
Many budget-friendly franchise opportunities are in industries with high demand, such as home services, cleaning or mobile businesses.
The Top 10 Burger Franchises in 2024
Taste the sizzle success with the best burger franchises, according to the 2024 Franchise 500 Ranking.
An Executive's 5-Minute Guide to Building a Legacy Team
This guide delves into the critical aspects of building a legacy team, emphasizing the importance of nurturing a strong internal culture and leading by example to attract and retain top talent.
Your Scaling Strategy Won't Work Without This One Crucial Ingredient
Strategies are important but most of them change with the economy, finances, world events and other temporary circumstances.
The Largest Franchise Operator in the U.S. Just Acquired 32 More Wendy's Locations, Adding to Its $4.5 Billion Portfolio
In a strategic move to bolster its quick-service holdings, Flynn Group has acquired 32 Wendy's restaurants in the Indianapolis area.