Palm Beach Tan vs Sol'exotica Tanning Salon Franchise Comparison

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

Start-Up Costs and Fees
 
Palm Beach Tan Franchise
Sol'exotica Tanning Salon Franchise
Investment $624,438 - $926,790$70,000 - $150,000
Franchise Fee $30,000$20,000
Royalty Fee 4-6%6%
Advertising Fee 5.5%N/A
Year Founded 19901994
Year Franchised 19982007
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee Varies-


Business Experience Requirements
 
Palm Beach Tan Franchise
Sol'exotica Tanning Salon Franchise
Experience
  • General business experience
  • Marketing skills
  • Multi-unit retail development
    		• -

    Financing Options
     
    Palm Beach Tan Franchise
    Sol'exotica Tanning Salon Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/Yes-/-
    Payroll No/Yes-/-

    Training & Support
     
    Palm Beach Tan Franchise
    Sol'exotica Tanning Salon 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 Software-
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketingLoyalty program/app-
    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)

    		-

    Expansion Plans
     
    Palm Beach Tan Franchise
    Sol'exotica Tanning Salon Franchise
    US Expansion Yes-
    Canada Expansion NoYes
    International Expansion Yes-

    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 Sol'exotica Tanning Salon

    Sol'exotica Tanning Salons have been in the tanning industry since 1994. With 12 locations (and growing fast!!!) it has become the tanning destination of choice in the Ontario region. With an ever expanding target market of clients looking not only for a beautiful bronzed look but for a dose of the ever important Vitamin D. Sunbeds make vitamin D naturally. To learn more about the benefits of Vitamin D-just visit any of our salons or call us for information.
    -An experienced franchisor and head office team with extensive knowledge in the tanning and retail industries -Leader in the tanning market sectorSol’exotica has the strongest residual EFT (Electronic Funds Transfer) program in the country!
    -A proven, successful business model and programs that are sustainable in any geographical market
    -Successful operation of the Sol’exotica Brand and Systems since 1996
    -Power and value in nationwide branding, recognition, presence and protection
    -High-quality, specialized initial training and ongoing support
    -The latest in tanning technology and products in an inviting and an attractive work environment
    -Site location and lease negotiation assistance
    -Signature interior design, layout and décor package
    -Most equipment can be leased requiring less up front capital investment