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Updated RecentlyThe Palms Tanning Resort vs Tan Company, The Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Palms Tanning Resort vs Tan Company, The including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $489,750 - $517,000 | $386,700 - $844,000 |
| Franchise Fee | $35,000 | $25,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | - |
| Year Founded | 2003 | 1994 |
| Year Franchised | 2003 | 2001 |
| Term Of Agreement | 10 years | 10 years |
| Term Of Agreement | 10 years | 10 years |
| Renewal Fee | 25% of initial franchise 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/Yes | No/No |
| Start-up Costs | No/Yes | No/Yes |
| Equipment | No/Yes | 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, 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 |
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| 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.
About Tan Company, The
In 1994, Todd Beckman made the decision to focus his efforts entirely on the tanning side of business and opened The TAN Company. What began as an “add-on” to a hair salon, grew to over 50 independent, single-focus tanning salons operating in 7 states!
With equipment continually changing and skin care products improving every year, it is imperative to stay informed. It is only as an expert can you satisfy the desires of current and future tanners.
One of the most valuable benefits to owning a Tanco franchise is our expertise in this industry. We monitor trends, continually test new products, and keep you aware of even the smallest of details to ensure your success. Because we have already overcome obstacles and learned from our mistakes, you don’t have to face unnecessary challenges when beginning your own entrepreneurship.
We have achieved our level of success only through the efforts of the outstanding corporate team. Many of the individuals on our corporate staff own at least one Tanco franchise location. Because of this, we all have a personal stake in the future of this company and are constantly looking for ways to improve. Our entire corporate team, the majority of whom started in our tanning salons, is made up of individuals who have a desire for perfection, a determination to succeed and a dedication to this company that is unmatched at any other company in America.
When you invest in Tanco you gain much more than a business, you become a part of the Tanco family. There is a saying that you can’t choose your family, but I must disagree. Our family - our franchisees as well as our corporate staff - has been carefully selected to ensure our future success. We make sure that every member of our family has what it takes to help Tanco reach the highest levels of success.