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Below is an in-depth analysis and side-by-side comparison of Intelligent Tanning System vs Skoah including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | N/A | $260,000 - $412,700 |
Franchise Fee | N/A | $49,500 |
Royalty Fee | - | - |
Advertising Fee | - | - |
Year Founded | - | 2019 |
Year Franchised | - | 2020 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal 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 | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | - |
Support | - | - |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | Yes |
International Expansion | - | - |
The primary growth engine in the indoor tanning industry consists of the
niche areas of sunless and specialized UV. This is where we focus our
business. Our current product line offers three automated sunless
machines. Of the more than 25,000 businesses in the United States that
offer tanning services, which generate more than $5 billion in sales
annually, estimates show less than 15% offer automated sunless services
(because the technology is still relatively new). This is why the
automated sunless industry is the fastest growing segment of the indoor
tanning business. In addition to our state-of-the-art sunless systems,
we hold the pioneering patent on UV light emitting diode (LED) tanning
devices, which are currently under development. For efficacy and
efficiency reasons, UV LED tanning devices will ultimately entirely
replace the standard UV bulb technology that has been in use for the
past 15 years. This is truly cutting-edge technology.