
Planet Beach Franchising Corp.
Spray tanning, spa services, hot yogaThis company's data may be out of date.
- 2022 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$104K - $249K
- Units as of 2016
-
149 34.6% over 3 years
Company Overview
About Planet Beach Franchising Corp.
- Industry
- Personal-Care Businesses
- Related Categories
- Massage & Spa Services, Miscellaneous Personal-Care Businesses, Miscellaneous Retail Businesses
- Founded
- 1995
- Leadership
- Stephen Smith, CEO
Franchising Overview
- Franchising Since
- 1996 (26 years)
- # of employees at HQ
- 20
- Where seeking
-
This company is seeking new franchisees in the following US states:
This company is seeking new franchisees in the following international regions:
- # of Units
- 149 (as of 2016)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Planet Beach Franchising Corp. 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
- $39,950
- Initial Investment
- $104,300 - $248,900
- Net Worth Requirement
- $300,000
- Cash Requirement
- $65,000 - $75,000
- Veteran Incentives
- $2,500 off franchise fee
- Royalty Fee
- 6%
- Ad Royalty Fee
- 2%
- Term of Agreement
- 20 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.
- In-House Financing
- Planet Beach Franchising Corp. offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable
- Third Party Financing
- Planet Beach Franchising Corp. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
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
- 1 week
- Classroom Training
- 5 days annually
- Additional Training
- At franchise opening; ongoing online training
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField Operations
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingMarketing Planning & Support
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 4
- Are exclusive territories available?
- Yes
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