Elizabeth Grady vs Sol'exotica Tanning Salon Franchise Comparison

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

Start-Up Costs and Fees

 
Elizabeth Grady Franchise
Sol'exotica Tanning Salon Franchise
Investment $300,000$70,000 - $150,000
Franchise Fee $35,000$20,000
Royalty Fee 6%6%
Advertising Fee -N/A
Year Founded 19751994
Year Franchised 19812007
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
Elizabeth Grady Franchise
Sol'exotica Tanning Salon Franchise
Experience --

Financing Options

 
Elizabeth Grady Franchise
Sol'exotica Tanning Salon Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Elizabeth Grady Franchise
Sol'exotica Tanning Salon Franchise
Training --
Support Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations-
Marketing Ad slicks-
Operations 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)

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Expansion Plans

 
Elizabeth Grady Franchise
Sol'exotica Tanning Salon Franchise
US Expansion --
Canada Expansion NoYes
International Expansion Yes-

Company Overviews

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.

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