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Updated RecentlyElizabeth Grady vs Executive Tans Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Elizabeth Grady vs Executive Tans including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $300,000 | $125,000 - $499,000 |
| Franchise Fee | $35,000 | $25,000 |
| Royalty Fee | 6% | $795/mo. |
| Advertising Fee | - | - |
| Year Founded | 1975 | 1991 |
| Year Franchised | 1981 | 1995 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | - | $500 |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | - | - |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Ad slicks | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations |
25% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators) |
14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2
Absentee ownership of franchise is allowed. (81% of current franchisees are owner/operators) |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | Yes |
Company Overviews
About Elizabeth Grady
Elizabeth Grady provides an innovative approach to beauty and skin health through our products, services, schools and franchises. The expertly trained estheticians, massage therapists and make-up artists at our many locations will prescribe the worlds best face care products and treatments that are right for you.
At the Elizabeth Grady Schools, we also educate and nurture the next generation of highly-qualified professionals.
About Executive Tans
Wayne Smeal opened the first Executive Tans in Denver in 1991. The company now operates salons throughout the Southwest that offer customers tanning services and massages as well as swimwear and tanning products.