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Below is an in-depth analysis and side-by-side comparison of Elizabeth Grady vs Tropi Tan 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 | $191,500 - $380,000 |
Franchise Fee | $35,000 | $25,000 |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1975 | 1979 |
Year Franchised | 1981 | 1986 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
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 | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
Marketing | Ad slicks | - |
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) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Thank you for your interest in a Tropi Tan franchise! The tanning
industry is a fun and exciting field waiting for energetic, enthusiastic
and success-driven entrepreneurs. Tropi Tan is poised to help you take
the necessary steps toward business success! We’ve been in business
since 1979 and we know the tanning industry! The relationships we’ve
cultivated with industry leaders and product vendors over the past years will secure you with the most advanced equipment, training and
support. As you embark on this new adventure, you’ll have the security
of a well-established and proven system that supports you in all facets
of your business, before and after opening.