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Palm Beach Tan

A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.

Palm Beach Tan was established in 1990, and they offered their first franchising in 1998. Their franchisor has 75 employees and 6 employees in franchise department. Stroll through immaculate spaces filled with an array of tanning experiences certain to satisfy your every need. They have the best tanning equipment, including their UV-free tanning system. They also have a knowledgeable staff that attends to every detail to ensure an incredible tanning experience.

In most retail market segments today, the market leader is the superstore. Companies such as Home Depot, Barnes and Noble, Blockbuster Video are a few of the many that have successfully implemented this concept. Each of these companies offers the consumer greater selection, more convenient hours of operation and a more enjoyable shopping experience. It is obvious from the success of these companies that the concept of superstores works with all types of retail businesses.

Palm Beach Tan has changed the image of the indoor tanning store forever by introducing the concept of the Tanning Superstore. Each Palm Beach Tan location boasts two to three times the square footage of a typical tanning salon. And unlike many stores that are located on the second floor of a class C strip mall, Palm beach tan superstores are strategically positioned in high profile class A retail developments.

For their excellent service they demand 431 to 770 thousand dollars, franchise fee of 25 thousand dollars, ongoing royalty fee of 4 to 6 percent, term of agreement of 10 years. Their rankings in franchise 500 are 471 in 2006 and 310 in 2005 according to Entrepreneur magazine 2002-2006. With all the continuous hard efforts of all the members of the firm has made it one of the best in the business and has helped them reach to the pinnacle where others can only imagine of reaching.

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