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

CEO

Keith Rodenberger

Financial Requirements
Initial Investment

$489,750 - $517,000

Net-worth Requirement

$500,000

Liquid Cash Requirement

$100,000

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

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

National Media

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

15 hours

Classroom Training:

4 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 Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

Franchise Articles

5 Things Franchise Owners Should Know About the New Department of Labor Rule on 'Joint Employment'

The Trump administration's new rule will change what qualifies as joint employment.

The Top 20 Franchises of 2020 From the Entrepreneur Franchise 500

These 20 franchises start the new decade atop our Franchise 500 list.

Mark Wahlberg's Secret to Becoming More Disciplined

The actor and entrepreneur's greatest business asset is his own diligence.

Franchise 500: Our Definitive Ranking of 2020's Strongest Franchises

Get to know the year's top trends, toughest brands, and explore what might be your best opportunity.

#1 on the Franchise 500: Even Without the 'Donuts', Dunkin' Takes the Cake

The #1 company on our Franchise 500 list has expanded what it's known for -- and grown its customer base.

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: September 20th, 2019

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.