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The Palms Tanning Resort

Tanning
Investment
$489,750
Initial Franchise Fee
$35,000
Units
4
Growth Rate
+0.0%

Overview

Industry
Personal-Care Businesses
Founded
2003
Franchising Since
2003
Parent Company
Leadership
Keith Rodenberger, Owner
# of Employees at HQ
2

Units and Growth Chart

About The Palms Tanning Resort

Since its inception in 2003, The Palms Tanning Resort has worked to revolutionize the indoor tanning industry. With its corporate headquarters in Greenwood Village, Colorado, The Palms Tanning Resort seeks to provide its customers with unlimited tanning experiences. For instance, The Palms Tanning Resort customers can choose to go sunless (indoors), try a cocktail, relax in a sunbed, take advantage of red light therapy, and benefit from monthly rewards.

The Palms Tanning Resort may focus mainly on offering high-end tanning services; the tanning beds and products used are sampled from high-quality ingredients. With these luxurious resort experiences, a The Palms Tanning Resort franchisee may transport customers to a lush, tropical world where they can escape their everyday lives and benefit from the tranquility that comes with tanning services.

Why You May Want to Start a The Palms Tanning Resort Franchise 

Apart from offering high-end resort services, The Palms Tanning Resort wishes to thrive on maintaining long-term and healthy relationships with its customers. The company puts its foundation in service, value, and quality. An ideal franchisee values healthy customer relationships and is interested in operating an indoor tanning business.

The Palms Tanning Resort may be a locally recognized market segment with salons throughout the Denver, Colorado metro area. In that case, opening a The Palms Tanning Resort franchise could have a more predictable outcome than investing in a completely new brand that may struggle to thrive in an already crowded and competitive industry.

What Might Make a The Palms Tanning Resort Franchise a Good Choice?

The Palms Tanning Resort has been franchising since 2003. It is seeking franchisees in select states across the United States. The Palms Tanning Resort aims to understand its target audience and loyal customers.

To be part of The Palms Tanning Resort franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

How to Open a The Palms Tanning Resort Franchise 

Before opening a The Palms Tanning Resort location, research your community to ensure that indoor tanning services can do well in your area. Due diligence is also important before signing up or committing to anything. To achieve this, you can seek out information from current The Palms Tanning Resort franchisees.

If awarded a franchise, franchisees may receive a great deal of support from The Palms Tanning Resort franchise brand throughout the franchising process. In addition to pre-opening training, The Palms Tanning Resort franchisees could receive support through brand awareness, marketing, research, and construction. Franchisees may also receive hands-on training and continued support after their franchise location has opened.

A typical franchise agreement runs for ten years. Franchisees may be allowed to renew their agreement if they meet The Palms Tanning Resort franchise requirements.

Investment Details

Initial Franchise Fee
$35,000
Initial Investment
$489,750 - $517,000
Net Worth Requirement
$500,000
Cash Requirement
$100,000
Royalty Fee
6%
Ad Royalty Fee
2%
Technology Fee
N/A
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
N/A

Available Territories

Franchising opportunities available in the following regions

United States

States

Colorado

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
40 hours
Classroom Training

Ongoing Support

Newsletter
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software

Marketing Support

Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
3-5
Are exclusive territories available?
Yes

Ranking History

The Palms Tanning Resort performance in the Franchise rankings over recent years

No data available at this time.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022