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Below is an in-depth analysis and side-by-side comparison of The Palms Tanning Resort vs L.A. 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 | $489,750 - $517,000 | $237,850 - $594,400 |
Franchise Fee | $35,000 | N/A |
Royalty Fee | 6% | - |
Advertising Fee | 2% | - |
Year Founded | 2003 | 2001 |
Year Franchised | 2003 | 2001 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | 25% of initial franchise 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/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
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, 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 | - |
International Expansion | Yes | - |
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.
L.A. Tan is the fastest growing and most successful tanning salon chain in the U.S. The company's entry in spa and strategic alliances with its vendors has put L.A. Tan far ahead of its competitors.L.A. Tan has established a successful franchising model for its tanning business. The corporate management team, the brand name and the guidance of its CEO, gives each franchisee all the tools that are needed to bring success to their business. L.A. Tan offers an exciting and profitable business opportunity for those who want to become business owners or for those who are just looking for additional sources of income. Its plan is designed to be an "absentee owner" business model. This means, that instead of spending all of their time in the salon helping customers and performing labor duties, the franchisees will have more free time to explore more enjoyable interests. The goal of the company is that all the franchisees should have an enjoyable, profitable, and exciting entrepreneurial venture.