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Executive Tans

Tanning salon

Background

Founded: 1991 Franchising since: 1995
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.
603 Park Point Dr., #224
Golden, Colorado 80401
Phone:
(877)393-2826/ (303)988-9999


Franchisor is a privately-held company with 7 employee(s); 6 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2007 35 0 0 0
2006 47 0 0 0
2005 87 1 0 0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: Varies

Special Programs
Executive Tans donates to silent auctions benefiting organizations such as the Ronald McDonald House and the National Cancer Society.

Costs and Fees

Total investment: $258K-448K
Franchise fee: to $25K
Ongoing royalty fee: $795/mo.
Term of agreement: 10 years, renewable
Express/kiosk option available

Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $150K
Cash liquidity requirement: $40K-60K
Business Experience:
  • General business experience
  • Marketing skills

Operations
  • 14% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2 - 4
  • Absentee ownership of franchise is allowed. (81% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 1 week
  • At off-site locations : Periodically

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks
  • National media
  • Regional advertising

Other marketing support
  • Radio

Rankings

Franchise 500® rank:
#341 (2006); #341 (2005);


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