- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$164K - $596K
- Unit data is unavailable
-
N/A
Company Overview
About South Beach Tanning Co.
Industry | Personal-Care Businesses |
---|---|
Related Categories | Miscellaneous Personal-Care Businesses, Tanning |
Founded | 2003 |
Leadership | Brian Hibbard, CEO |
Corporate Address |
4300 W. Lake Mary Blvd., #1050 Lake Mary, FL 32746 |
Business Overview
Franchising Since | 2008 (17 years) |
---|---|
# of employees at HQ | 6 |
Where seeking |
This company is offering new franchises throughout the US. |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a South Beach Tanning Co. franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$25,000 |
---|---|
Initial Investment
|
$163,840 - $596,000 |
Net Worth Requirement
|
$250,000 |
Cash Requirement
|
$100,000 |
Veteran Incentives
|
20% off franchise fee |
Royalty Fee
|
4-6% |
Ad Royalty Fee
|
2% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
In-House Financing | South Beach Tanning Co. offers in-house financing to cover the following: startup costs |
---|---|
Third Party Financing | South Beach Tanning Co. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 1 week |
---|---|
Classroom Training | 3 weeks |
Ongoing Support |
Purchasing Co-ops
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
|
Operations
Additional details about 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 | 2-5 |
Are exclusive territories available?
|
Yes |
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