Why Palm Beach Tan?
Palm Beach Tan has been in business for 18 years and dominates indoor tanning in several of the most competitive markets in the country. We achieved this success by building a strong brand identity and executing proven retail business strategies in more than 150 company operated and franchised superstores. Our purchasing power is among the strongest in the industry, and we pass on these savings to our franchisees.
How much money can I make?
Because many factors can impact your financial success, Palm Beach Tan is unable to project your potential earnings; however, an historical store financial performance in the Financial Performance Representation is included in our Franchise Disclosure Document.
What are the terms of the franchise?
The term is 10 years with one 10- year renewal option.
What is the initial franchise fee?
What is the royalty rate?
Indoor tanning is a membership-driven business that should build over time. Our royalty is phased in over three years: 4% year one; 5% year two; and 6% years three through 10.
What is the advertising fee?
Our franchises are required to spend 4% of gross revenues in their local market and contribute 1.5% to the company’s Advertising Fund, designed to support brand marketing efforts.
What is my initial investment?
Between $446,696 and $790,750 for each location.
What are the financial requirements?
$250,000 Liquid Assets; $500,000 Net Worth.
How many stores do I have to open?
The number of stores is based on the size of the territory being developed.
What is the next step?
Can I convert my existing salon to a Palm Beach Tan?
Can I sell my franchise?
Yes, subject to Palm Beach Tan's approval of your buyer.