Sol'exotica Tanning Salon vs Skoah Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Sol'exotica Tanning Salon vs Skoah including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$70,000 - $150,000 | $260,000 - $412,700 |
Franchise Fee |
$20,000 | $49,500 |
Royalty Fee |
6% | - |
Advertising Fee |
N/A | - |
Year Founded |
1994 | 2019 |
Year Franchised |
2007 | 2020 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- | - |
Support |
- | - |
Marketing |
- | - |
Operations |
- | - |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
Yes | Yes |
International Expansion |
- | - |
Company Overviews
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
About Skoah
Skoah is a first to market, facials-only franchise that is poised to
revolutionize the $11 billion American skin care industry. Wildly
popular in Canada for nearly two decades,Skoah has grown to become what
Vogue magazine calls “the coolest skincare line in Canada.” By
focusing solely on facials, Skoah has become a specialized leader in
“personal training for your skin.” Skoah customers sign up for
memberships that allow them to get affordable, hour-long facials once a
month and an education in personalized skin care designed to deliver
best results, as well as earn discounts on Skoah’s proprietary product
line of more than 70 items. With several thriving locations in the United States, Skoah is
ramping up for a rapid expansion across the nation. We’re actively
seeking entrepreneurs who have a passion for skin care and a commitment
to their local communities to get in on the ground floor of the most
exciting opportunity to hit the American beauty industry in a long time.
The total investment necessary to begin operation of a SKOAH® franchise
is approximately from $260,000 to $412,700. This includes approximately
$56,000 that must be paid to the franchisor or their affiliates.
If you are acquiring the right to open multiple locations under a development
agreement, instead of paying the franchisor the $49,500 initial
franchise fee you will pay to the franchisor an amount ranging from
$89,500 to $298,500 for the right to develop between two and ten units.