Planet Beach Franchising Corp.

Planet Beach Franchising Corp.

Spray tanning, spa services, hot yoga
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$104K - $249K
Units as of 2016
149 34% over 3 years

Company Overview

In 1995, Steve Smith decided to open his first tanning salon in New Orleans. He began franchising in 1996, and over the next several years, Planet Beach expanded to hundreds of locations worldwide. In 2004, Smith decided to re-position the Planet Beach brand from tanning salon to contempo spa, a hybrid of the spa and UV industries. Services include massages, LED facials, hydration therapy, dry heat saunas, teeth whitening, weight management systems, spray tanning, UV therapy and more.

About Planet Beach Franchising Corp.

Founded
1995
Leadership
Stephen Smith, CEO

Franchising Overview

Franchising Since
1996 (26 years)
# of employees at HQ
20
# of Units
149 (as of 2016)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
5145 Taravella Rd.
Marrero, LA 70072

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
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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-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Marketing 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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Disclaimer
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Updated: February 8th, 2021