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Updated RecentlyThe Palms Tanning Resort vs iTAN Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The Palms Tanning Resort vs iTAN 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 | $326,000 - $650,000 |
| Franchise Fee | $35,000 | $30,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | 2% | - |
| Year Founded | 2003 | 2001 |
| Year Franchised | 2003 | 2008 |
| Term Of Agreement | 10 years | 10 Years +5+5 |
| Term Of Agreement | 10 years | 10 Years +5+5 |
| Renewal Fee | 25% of initial franchise fee | - |
Business Experience Requirements |
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| Experience | Retail business operations experience is helpful, and customer service and staff management skills are also important. You can always hire a manager with the necessary background and experience, if you don't personally have the relevant background or experience. Regardless of your background, we will provide the tools and training you need to run your own iTAN location. Having the right amount of capital will also be very important, of course. | |
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 | - | All iTAN team members are trained through iTAN University, our specialized training program that includes a series of courses designed to educate key stakeholders on proven salon best practices to create optimal results. |
| Support | Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Here are just some of the ways iTAN supports your growth:
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| Marketing | Co-op advertising, Regional advertising | - |
| Operations |
Number of employees needed to run franchised unit: 3 - 5
Absentee ownership of franchise is allowed. | The iTAN Franchise Program
iTAN gives you the chance to build a richly satisfying business while helping Members reach their tanning and beauty goals. With the best tanning equipment in the industry, featured in a highly-styled spa environment, iTAN Solariums provide a spa experience that exceeds expectations. Best of all, for our franchise owners, we offer a wide range of products and services for maximum potential revenue streams, plus solarium layout options designed for flexibility, efficiency, and optimal customer experiences. Now you have the chance to own and operate your own streamlined, exciting sun spa, while benefiting from professional training and support at every step. |
Expansion Plans |
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| 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 iTAN
Participate in the American dream by owning a cutting edge tanning and spa franchise!
iTAN Franchising, INC. allows customers to indulge in health and beauty services all under an affordable and accessible client membership model. Services at iTAN include sun tanning, spray tanning and a variety of spa services such as infrared heat body wraps, red light therapy, photo facials, hydro-massage, and teeth whitening. Additionally, iTAN is the first to market with the cutting edge skin-sensing UV equipment that can automatically calculate exposure time and UV dosing for a perfect tan every time.
As an iTAN franchisee, you access the rewards of the entrepreneurial lifestyle, while benefiting from our high franchise support structure. iTAN builds a partnership of trust with each of our franchisees. We see your success as a reflection of our own. iTAN provides you with business, financial and operational guidance, reinforced with carefully developed systems.
Take advantage of the opportunity to be your own boss today with a market leader in a resilient industry.
iTAN salons are easy to operate and offer high margins, low ongoing costs, residual income, and the satisfaction that comes from helping people look and feel their best.