Planet Beach Franchise
Membership-based tanning salon
A former health club owner, Stephen P. Smith opened the first Planet Beach tanning salon in New Orleans in 1995. His idea was to apply many of the principles of the health club industry, mainly that of selling memberships, to the tanning business.
Each location has a selection of tanning beds and sells Planet Beach's line of tanning lotions as well as bathing suits, goggles, and other related items.
Start-up Costs & Franchises Fees
What is the total cost to open a Planet Beach Franchises?
Total Cost: $262,300-$627,700
Total Franchise Fees: $25,000 USD
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Contact Information for Planet Beach
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Planet Beach Franchising Corp. |
Phone Number: (504)361-5550 |
Planet Beach In the Press
No results at this time.Historical Expansion
In what year did Planet Beach begin operations? 1995
When did Planet Beach begin selling franchises? 1996
Year United States Canada International Corporate 2006 299 19 2 0 2005 262 18 2 0 2004 223 18 1 0 2003 152 19 1 1
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No Yes Payroll No Yes
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes