- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$104K - $249K
- Units as of 2016
-
149
Company Overview
About Planet Beach Franchising Corp.
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Massage & Spa Services, Miscellaneous Personal-Care Businesses, Miscellaneous Retail Businesses |
| Founded | 1995 |
| Leadership | Stephen Smith, CEO |
| Corporate Address |
5145 Taravella Rd. Marrero, LA 70072 |
| Social | Facebook, Twitter |
Business Overview
| Franchising Since | 1996 (29 years) |
|---|---|
| # of employees at HQ | 20 |
| # of Units | 149 (as of 2016) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Planet Beach Franchising Corp. 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
|
$39,950 |
|---|---|
|
Initial Investment
|
$104,300 - $248,900 |
|
Net Worth Requirement
|
$300,000 |
|
Cash Requirement
|
$65,000 - $75,000 |
|
Veteran Incentives
|
$2,500 off franchise fee |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
2% |
|
Term of Agreement
|
20 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 | Planet Beach Franchising Corp. offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable |
|---|---|
| Third Party Financing | Planet Beach Franchising Corp. has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
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 | 5 days annually |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
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 | 4 |
|
Are exclusive territories available?
|
Yes |
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