The Palms Tanning Resort vs Sol'exotica Tanning Salon Franchise Comparison

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

Start-Up Costs and Fees
 
The Palms Tanning Resort Franchise
Sol'exotica Tanning Salon Franchise
Investment $489,750 - $517,000$70,000 - $150,000
Franchise Fee $35,000$20,000
Royalty Fee 6%6%
Advertising Fee 2%N/A
Year Founded 20031994
Year Franchised 20032007
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 25% of initial franchise fee-


Business Experience Requirements
 
The Palms Tanning Resort Franchise
Sol'exotica Tanning Salon Franchise
Experience
  • General business experience
  • Marketing skills
  • Customer service skills
    		• -

    Financing Options
     
    The Palms Tanning Resort 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/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    The Palms Tanning Resort Franchise
    Sol'exotica Tanning Salon Franchise
    Training --
    Support Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Regional advertising-
    Operations

    Number of employees needed to run franchised unit: 3 - 5

    Absentee ownership of franchise is allowed.

    		-

    Expansion Plans
     
    The Palms Tanning Resort Franchise
    Sol'exotica Tanning Salon Franchise
    US Expansion --
    Canada Expansion NoYes
    International Expansion Yes-

    Company Overviews

    About The Palms Tanning Resort

    The Palms Tanning Resort offers the most luxurious tanning beds and products available in the world. It's a unique and exciting tanning franchise concept. By providing an elegant, high-end tanning resort experience to each and every guest, The Palms provides much more than just a tan. The Palms' guests find themselves transformed into a lush, tropical world where their tanning experience helps them escape their everyday lives, and find the tranquility that only The Palms can bring them.

    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