The Palms Tanning Resort
Tanning

The Palms Tanning Resort
Tanning

About
Founded

2003

Franchising Since

2003 (16 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

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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