How to Start a Celsius Tannery Franchise
If you want to start a franchise company and would want it to be in the salon industry, opening a Celsius Tannery franchise may be the right thing for you since Celsius Tannery offers its franchisees with managerial and marketing support to further enhance their knowledge in the tanning salon industry and eventually be successful.
Before starting a Celsius Tannery franchise, it is important to conduct a research on the profitability of the franchise company itself.
This is to ensure that you will gain a substantial amount of return of your investment within a considerable amount of time. Also, it is important to know the history or background of the franchise company that you will be working with for the rest of your business venture.
Celsius Tannery is one of the fastest growing indoor tanning salon franchise chain all over the United States. It has also signed an agreement with Wal-Mart recently to open a Celsius Tannery franchise in all Wal-Mart all over the United States.
For you to be able to qualify as a franchisee of Celsius Tannery, you must meet the basic requirements. To ensure that you can afford to purchase a Celsius Tannery franchise, you must have at least a net worth of $150,000. You should also take note of the total cash investment needed which is at $420,000. The initial franchise fee for a single franchise of Celsius tannery is from $20,000 to $35,000 and there is also a royalty fee of 1%. You should also remember that there is an advertising fee of $1,200 per month.
In the event that you do not have the required amount of capital or investment currently on hand, Celsius Tannery offers financial assistance to its franchisees; you can also consider borrowing money from the banks or lending firms. Borrowing money from the banks may require you to offer collateral. You can consider your realty properties as collateral as well as other source of income or assets. But it is vital to remember that you should only borrow the amount of money that is within your paying capacity. Remember that the higher the amount of the money you borrow, the higher the interest and other fess will be. You do not want to be in debt early on your business venture by paying the interest of your borrowed money.
To ensure that you will have the necessary knowledge in running your own Celsius Tannery salon, Celsius Tannery may require you to attend training and meetings. Also, Celsius Tannery provides its franchisees with adequate support to help them in making their tanning salon business successful.
When it comes to hiring employees, it is recommended that you hire people with experience in running a tanning salon. This is to make sure that your employees will already know what to do and do not require training; which may cost you additional fee.
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