|
Below is an in-depth analysis and side-by-side comparison of Image Sun Tanning Centers vs Palm Beach Tan including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $295,000 - $395,000 | $624,438 - $926,790 |
Franchise Fee | $24,000 | $30,000 |
Royalty Fee | 6% | 4-6% |
Advertising Fee | - | 5.5% |
Year Founded | 1994 | 1990 |
Year Franchised | 2000 | 1998 |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | 10% of fee | Varies |
Business Experience Requirements |
||
Experience | ||
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/Yes | No/Yes |
Training & Support |
||
Training | One week at our support center office in Sterling Heights, Michigan. Then another week of on-site assistance will be provided at your location as we deem necessary. We offer unlimited additional training and support at our support center office. | Store level tools are made available On-The-Job Training: 320 hours Classroom Training: 40 hours Additional Training: As needed |
Support | Newsletter, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software |
Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketingLoyalty program/app |
Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 - 5 Absentee ownership of franchise is allowed. (15% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | No |
International Expansion | Yes | Yes |
Since opening our first tanning center in 1994, Image Sun has continuously developed and refined our business model to
meet current customer demands. Today we have what many consider as the LEAST COSTLY and MOST EFFICIENT tanning salon model in the industry.
As far as we are concerned, life is too short for spending 5+ years
building a successful business. We prefer to be successful in YEAR ONE!
With two decades of tanning industry experience we've discovered that
while "bigger is better” may be true in some aspects of life, it's
certainly NOT true when it comes to tanning and Business Expenses.
Image Sun salons are extremely efficient. They are also incredibly EASY TO OPERATE. Our business model is ideal for small communities and suburbs. The fact is that our salons COST FAR LESS to BUILD and OPERATE than other tanning salon models.
The result... The unique Image Sun positioning allows our salon owners to INVEST LESS, MAXIMIZE REVENUES and produce a FASTER and BETTER RETURN ON YOUR INVESTMENT!
We invite you to contact us today and learn more about our business model and find out
if you and your community are good candidates for our truly unique business opportunity.