The Palms Tanning Resort vs Tanco Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Palms Tanning Resort vs Tanco including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
The Palms Tanning Resort Franchise
Tanco Franchise
Investment $489,750 - $517,000$386,000 - $844,000
Franchise Fee $35,000N/A
Royalty Fee 6%-
Advertising Fee 2%-
Year Founded 20031994
Year Franchised 20032001
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 25% of initial franchise fee-


Business Experience Requirements

 
The Palms Tanning Resort Franchise
Tanco Franchise
Experience
  • General business experience
  • Marketing skills
  • Customer service skills
  • -

    Financing Options

     
    The Palms Tanning Resort Franchise
    Tanco Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    The Palms Tanning Resort Franchise
    Tanco Franchise
    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

     
    The Palms Tanning Resort Franchise
    Tanco Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    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 Tanco

    Tanco is a Superstore concept that provides the ultimate in tanning convenience and service options (including Mystic Tan) to its clients.
    At Tanco we take pride in delivering 5 star service each time clients come in to our establishments. Our passionate team is committed to providing the best overall value with state-of-the-art equipment and outstanding locations.  Tanco promotes tanning in moderation without overexposure, using premium skin care products and educate each of our clients with complete tanning knowledge. promote tanning in moderation without overexposure, using premium skin care products and educate each of our clients with complete tanning knowledge.