- 2024 Franchise 500 Rank
-
#53 Ranked #76 last year
- Initial investment
-
$624K - $1M
- Units as of 2023
-
649 19.7% over 3 years
Palm Beach Tan is a chain of indoor tanning salons based in Coppell, Texas that was founded in 1990. Palm Beach Tan has been franchising since 1998. Today, it's one of the largest indoor tanning companies in the United States, with over 500 locations under Palm Beach Tan, Palm Beach Tan Sunless, and Planet Tan brands.
Why You May Want to Open a Palm Beach Tan Franchise
Palm Beach Tan has over 30 years of experience and is an indoor tanning service that reaches several of the nation's most competitive markets. When you join Palm Beach Tan, you may be joining a business with a strong brand identity and proven retail businesses in more than 500 salons, over 300 of which are franchised locations.
Palm Beach Tan salon locations offer both sunbed and sunless tanning services, while also selling tanning and skincare products. They offer different membership packages for clients, which also comes with a rewards program for loyalty. As a result, they may enjoy a track record of retaining a majority of their clients. The membership fee varies due to additional service options your clients can add. As a franchisee, this may create recurring revenue and help to make your business more lucrative.
What Might Make a Palm Beach Tan a Good Choice?
Palm Beach Tan has connections with third-party sources that offer financing to cover franchise fees, startup costs, equipment, inventory, and accounts receivable for new franchisees. In addition, franchisees can open additional units after the first salon has become operational. In general, Palm Beach Tan usually encourages franchisees to grow and expand their business.
Franchisees may purchase locations for a ten-year term, and the lease is renewable if you and the brand want to continue running business together. Palm Beach Tan's business platform offers competitive support to clients and franchisees.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. To help determine if this is best for you, it may be a good idea to speak to existing franchisees and ask the Palm Beach Tan team questions.
If you already have an existing salon business that you want to convert to Palm Beach Tan, it's likely possible. You might need to contact the company's support team, but there is a good chance that you'll be on your way to running your existing salon as a Palm Beach Tan franchise.
How To Start a Palm Beach Tan Franchise
To begin your franchising journey with Palm Beach Tan, you will first need to submit an inquiry form. If the brand finds you to be a good fit, you may be contacted by a Palm Beach Tan franchise representative. At this point, you may be offered a chance to look at the Franchise Disclosure Document and determine if opening a Palm Beach Tan is the opportunity you wish to pursue. If all goes well and both sides decide to move forward with the opportunity, you may be the newest franchisee of a Palm Beach Tan salon.
Company Overview
About Palm Beach Tan
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Tanning, Miscellaneous Personal-Care Businesses, Salon & Spa Services |
| Founded | 1990 |
| Parent Company | Palm Beach Tan |
| Leadership | Diane Lucas, President & CEO |
| Corporate Address |
6321 Campus Circle Dr. E. Irving, TX 75063 |
| Social | Facebook, Twitter, Instagram, YouTube |
Business Overview
| Franchising Since | 2001 (23 years) |
|---|---|
| # of employees at HQ | 50 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 649 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Palm Beach Tan 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
|
$30,000 |
|---|---|
|
Initial Investment
|
$624,429 - $1,008,763 |
|
Net Worth Requirement
|
$500,000 |
|
Cash Requirement
|
$250,000 |
|
Royalty Fee
|
4%-6% |
|
Ad Royalty Fee
|
5.5% |
|
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 | Palm Beach Tan has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable |
|---|
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 | 120 hours |
|---|---|
| Classroom Training | 57.5 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Lease Negotiation
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
|
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 |
| # of employees required to run | 3-5 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Palm Beach Tan landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Palm Beach Tan ranked on other franchise lists? Find out below.
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 Palm Beach Tan.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
I Built a $1 Million Business While Overcoming a Disability — Here's How I Did It
When facing struggles and setbacks, dream big, embrace your true self, and disregard any limits others impose on you. Ultimately, what truly counts is the effort you put into achieving your goals.
The Franchise Industry is on The Verge of Massive Change With Private Equity's Potential $8 Billion Acquisition of Jersey Mike's
Two iconic brands, Subway and Jersey Mike's, may sell to private equity after years of being closely held. Heavyweight PE firms are an increasing force within the franchising sector, marking a strategic shift and altering the industry landscape.
3 Ways to Get on The Road to Franchising — And How to Find the Right Business For You
Although franchising contributes significantly to the US economy, most US business schools lack dedicated franchising curriculums. These three sources will help you get started and find out which franchise is right for you.
Looking for a Spotless Investment Opportunity? Discover the Best Cleaning Franchises to Own in 2024.
From sparkling floors to polished windows, clean your way to success with the best cleaning franchises, according to the 2024 Franchise 500 Ranking.
One Factor Is Helping This Entrepreneur Tackle Business Ownership Later in Life. Now, She's Jumping Into a $20 Billion Industry.
Stacey Howell has reinvented herself multiple times. In her latest move, she leverages her extensive corporate career, history of public service and experience running a nonprofit as a Woodhouse Spa franchisee.
This Franchise Leader Just Became the Newest Investor on Dragons' Den, the Canadian Shark Tank
Brian Scudamore, founder and CEO of 1-800-GOT-JUNK?, is joining the cast of Dragons' Den in Canada.
