Tan Republic
Bottom line
- Total investment $117K – $582K including a $25K franchise fee, 6.3% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 57/100. SBA loan default rate of 0.0% across 11 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Tan Republic unit return on the cash you put in?
Unlevered ROIC · per unit
46%
In Yale's "attractive" band (30–60%)
Overview
About
Tan Republic operates indoor tanning salons offering UV tanning beds, spray tans, and related skin care services. Franchisees manage daily salon operations including staff scheduling, customer service, equipment maintenance, and marketing to drive walk-in and membership-based revenue. The business model relies on recurring customer memberships and service appointments in a mature, competitive market.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 6 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Contracting franchise system with declining unit count, opaque financial performance data, and unprotected territories creates meaningful risk for prospective franchisees.
Score breakdown · what drove the 57 / 100 rating
- 01MEDUnit count declined 7.9% YoY (59 units) — indicates system contraction and potential franchisee dissatisfaction
- 02MEDNo average revenue or net income disclosed — impossible to assess unit economics or ROI before investing $117k–$582k
- 03MINORUnprotected territory — franchisees may face direct competition from other Tan Republic locations nearby
- 04MINORWide investment range ($465k spread) suggests inconsistent buildout costs or unclear financial requirements
- 05MEDHigh royalty rate (6.25%) with no disclosed average revenue makes profitability projections unreliable
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
62 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Tan Republic · FDD (2025) PDF