|
Below is an in-depth analysis and side-by-side comparison of Executive Tans vs Mirage Tanning Centers including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $125,000 - $499,000 | $126,000 - $286,000 |
Franchise Fee | $25,000 | $20,000 |
Royalty Fee | $795/mo. | - |
Advertising Fee | - | - |
Year Founded | 1991 | - |
Year Franchised | 1995 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $500 | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/Yes | -/- |
Inventory | No/Yes | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
14% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 - 2
Absentee ownership of franchise is allowed. (81% of current franchisees are owner/operators) | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
Wayne Smeal opened the first Executive Tans in Denver in 1991. The company now operates salons throughout the Southwest that offer customers tanning services and massages as well as swimwear and tanning products.
Mirage Tanning Centers was established with the intent of creating the highest level of service, convenience, and customer satisfaction possible in the tanning industry. After a combined 31 years in the business with corporate and franchise locations in multiple states the concept is proven. The Mirage pledges to continue offering the same level of service and devotion that started with the very first location. Our franchise development team will assist you with the following: * Market feasibility study * Professional Consultation * Financing * Site Selection * Customized Design * Construction * Computerized Equipment As a Mirage Tanning franchisee, you also benefit from: * Combined Purchasing Power * Management Training * Manuals and Information Systems * Corporate Marketing * On-Going Support We certainly appreciate your interest in the " Mirage Tanning Centers " and we pledge our full support in helping you achieve your business goals.