The Palms Tanning Resort
Tanning

The Palms Tanning Resort
Tanning

About
Founded

2003

Franchising Since

2003 (17 Years)

Corporate Address

8577 E. Arapahoe Rd., #A
Greenwood Village, CO 80112

Leadership

Keith Rodenberger, Owner

Financial Requirements
Initial Investment

$489,750 - $517,000

Net-worth Requirement

$500,000

Ongoing Fees
Initial Franchise Fee

$35,000 - $35,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

2%

Financing Options

The Palms Tanning Resort has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Support Options
Ongoing Support

Newsletter

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Marketing Support

Co-op Advertising

Ad Templates

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

40 hours

Absentee Ownership Allowed
Number of Employees Required to Run:

3 - 5

Cost
Initial Investment: Low - $489,750 High - $517,000
Units
+25.0%+0 UNITS (1 Year) -20.0%-1 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S.

Franchise Articles

... Are We Really All on the Same Page About Passing Down the Family Business?

Set up structures in advance and communicate clearly so things don't get awkward later.

Busting the Myths of Franchising

It's important to balance challenges with something personally meaningful.

Franchises: An Accessible and Successful Investment Model in Mexico

In the country franchises of all kinds are obtained, from restaurants, gas stations, gyms, to courier services. And as a whole, they have a relevant weight in the national economy.

Why Most Ghost Kitchens Will Fail in 2021

Ghost kitchens exploded in popularity this year, but are they a house of cards?

6 Ways Being in a Franchise System Helped Me Survive Covid-19

Here's how franchise systems are built to handle pivots and pressure.

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 11th, 2020