Palm Beach Tan vs Elizabeth Grady Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Palm Beach Tan vs Elizabeth Grady including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Palm Beach Tan Franchise
Elizabeth Grady Franchise
Investment $624,438 - $926,790$300,000
Franchise Fee $30,000$35,000
Royalty Fee 4-6%6%
Advertising Fee 5.5%-
Year Founded 19901975
Year Franchised 19981981
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee Varies-


Business Experience Requirements
 
Palm Beach Tan Franchise
Elizabeth Grady Franchise
Experience
  • General business experience
  • Marketing skills
  • Multi-unit retail development
    		• -

    Financing Options
     
    Palm Beach Tan Franchise
    Elizabeth Grady Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesNo/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/No
    Inventory No/YesNo/No
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support
     
    Palm Beach Tan Franchise
    Elizabeth Grady Franchise
    Training Store level tools are made available On-The-Job Training: 320 hours Classroom Training: 40 hours Additional Training: As needed-
    Support Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary SoftwareMeetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketingLoyalty program/appAd slicks
    Operations 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)

    		 25% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 6

    Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators)

    Expansion Plans
     
    Palm Beach Tan Franchise
    Elizabeth Grady Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Palm Beach Tan

    Palm Beach Tan is actively seeking franchisees to join the Palm Beach Tan network. At Palm Beach Tan, our 20-year track record of success comes from delivering what appearance-conscious customers want. We’ve built our brand around providing members with convenience, choice, and state-of-the art sunbed and sunless services, all delivered in a relaxed spa-like environment staffed by the most extensively trained tanning consultants in the industry. Our standard is forging long-term customer relationships with a foundation in service, quality, and value. And with salons located in more than 24 states from coast-to-coast, we are the established, nationally recognized market leader in the growing indoor tanning market. If you are interested in learning more about the fast-growing world of indoor tanning or currently own a tanning salon(s) and are interested in learning more about conversion to the Palm Beach Tan brand, please contact us.

    The total investment necessary to begin operation of a Palm Beach Tan Location ranges from $624,438 to $926,790. This total includes  approximately $35,949 to $39,321 that must be paid to the franchisor or their affiliate for a newly constructed Location.
    If you sign a Development Agreement, you will also pay a development fee equal to 100% of the initial franchise fee for the first Location and $5,000 for each additional Location to be developed under a Development Agreement. The portion of the development fee allocable to each Location (the development fee credit) will be credited against the initial franchise fee due for that Location.

    "Entrepreneur

    #20 in Franchise 500 for 2020.
    #63 in Franchise 500 for 2021.







    About Elizabeth Grady

    Elizabeth Grady provides an innovative approach to beauty and skin health through our products, services, schools and franchises. The expertly trained estheticians, massage therapists and make-up artists at our many locations will prescribe the worlds best face care products and treatments that are right for you.
    At the Elizabeth Grady Schools, we also educate and nurture the next generation of highly-qualified professionals.