| Frequently
Asked Tanning Franchise Questions
How
long are the average franchise agreement terms? This
depends heavily on the tanning franchise you choose. Generally the first term
is for 10 years and then you can renew but there might be more fees associated
with the renewal. Can I own more than one
tanning franchise store? Yes, generally you can own as many stores as you'd
like in your territory providing you can meet the financial requirements.
How
quickly will I make a profit? Your profits will depend on how well you
run the business, how good your location is, and how well you manage your employees.
There is no real way to average out how fast you will see a profit because it
depends on the individual franchisee. Also due to franchising laws, tanning franchises
are unable to tell you how much you will make.
Do tanning franchises
offer financing? Yes, they typically do offer some financing for the initial
franchise fee. For the other costs, most tanning franchises will connect you with
a 3rd party lender.
Do most tanning franchises
offer training? Yes. Most franchises offer in-depth training on running
a tanning business including marketing, budgeting, products, and other aspects
of the tanning business.
Can I sell my tanning
franchise? Yes - typically you can sell your franchise to a person who
is pre-approved by your franchisor. Be careful of fees assessed during this process.
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