| ||||
Updated RecentlyThe Palms Tanning Resort vs Planet Beach Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Palms Tanning Resort vs Planet Beach including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $489,750 - $517,000 | $196,875 - $402,500 |
| Franchise Fee | $35,000 | $39,950 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | 2% |
| Year Founded | 2003 | 1995 |
| Year Franchised | 2003 | 1996 |
| Term Of Agreement | 10 years | 20 years |
| Term Of Agreement | 10 years | 20 years |
| Renewal Fee | 25% of initial franchise fee | - |
Business Experience Requirements |
||
| Experience | Our Most Successful Franchisees: Love working with people to help them look and feel their very best Have a passion for the beauty and wellness industry Enjoy managing a team of professionals. Embrace working within established and proven systems Understand the worth of recurring revenue streams and retail opportunities Recognize that technology is changing the way the world rejuvenates, by creating more consistent experiences using the latest innovations in spa automation | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/No | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
||
| Training | - | - |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Regional advertising | - |
| Operations |
Number of employees needed to run franchised unit: 3 - 5
Absentee ownership of franchise is allowed. | - |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About The Palms Tanning Resort
The Palms Tanning Resort offers the most luxurious tanning beds and products available in the world. It's a unique and exciting tanning franchise concept. By providing an elegant, high-end tanning resort experience to each and every guest, The Palms provides much more than just a tan. The Palms' guests find themselves transformed into a lush, tropical world where their tanning experience helps them escape their everyday lives, and find the tranquility that only The Palms can bring them.