Smoothie King Franchise Information
If you are ready to become a Smoothie King franchisee, please complete our Online Contact Formand a member of our Franchise Development team will be in touch.
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*20% is the average EBITDA for the top 25% of traditional franchise units that submitted compete profit and loss statements to us and were in operation for the entire calendar year ended December December 27, 2021. There is no assurance , however, that you will do as well. See Item 19 of the Smoothie King® Franchise Disclosure Document for more information.
**$907,346 is the average gross sales of the top 25% of all traditional franchised units in operation for the entire calendar year ending December 27, 2021. Of the 220 units included in the average gross sales for the top 25%, 84 units met or exceeded the average gross sales.
A Statement Of Average Net Sales For 2020 2019 And 2018
- The three tables below provide information on average Net Sales of Units during each of the 12-month periods starting December 31, 2019 and ending December 28, 2020 January 1, 2019 and ending December 30, 2019 and January 1, 2018 and ending December 31, 2018.
- The term Net Sales is defined as all products and services sold in or from the Unit, including off premises catering and delivery, but excluding excise or sales taxes, as well as returns, allowances, and discounts.
- The data below is a representation of average Net Sales for Units broken into nine segments: top 10%, top 25%, top 50%, top 75%, bottom 10%, bottom 25%, bottom 50%, bottom 75%, and total/all.
- Net Sales information is provided on Units open for the consecutive 13-month period ending on December 28, 2020, December 30, 2019, and December 31, 2018, including those Units closed for a period of less than 8 weeks for remodeling purposes.
- Units presented exclude those Units not scheduled to be open daily throughout the period , such as Units within office buildings that close for the weekend and Units on college campuses that close for the summer period.
What Are The Ongoing Fees Paid To Smoothie King
Franchisees pay an ongoing royalty fee of 6% of their store’s weekly sales. An additional 3% of your weekly sales will be paid into the Smoothie King National Advertising Fund. We also require that franchisees spend an additional 2% of weekly gross sales on local store marketing. Additionally, every location currently pays a technology contribution of $200 per month.
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What Are The Weaknesses Of A Smoothie Business
Cutting and blending smoothies requires industrial blenders built purposefully for heavy use. Your smoothie equipment also requires a significant amount of electricity to operate, driving up your monthly electric bill. Additionally, if any of this equipment breaks down, you must pay someone to service the machine.
Intelligent Marketing And Technologythat Build Guest Affinity
We implement smart marketing tactics to attract new guests and keep regulars coming back. From your very first day as a Smoothie King franchisee, you’ll have the power of our well-loved brand – a leader in the nutritional smoothie segment. You’ll also have more than 75 delicious recipes and a wide range of quality retail products. Our marketing team will back you with branded in-store and outside promotional materials, local marketing tools, colorful retail merchandising displays and a strong online presence showcasing our products and brand at SmoothieKing.com.
- New product launch support
- Territory specific experienced field support
- 3rd party delivery, online ordering
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Average Net Sales Of Usa Units December 31 2019 To December 28 2020
Based on the median sales provided by Smoothie Kings franchise locations for 2020, at an average of a 15% profit margin it will take around 10 years to recoup your investment. This is longer than other franchise opportunities. You may not get a 15% profit margin which would elongate getting a return on your investment.
Based on the median sales provided by Smoothie Kings franchise locations, at an average of a 15% profit margin it will take around 8.75 years to recoup your investment. This is longer than other franchise opportunities. You may not get a 15% profit margin which would elongate getting a return on your investment.
Many factors affect the sales, costs, and expenses of your Franchised Store. Such as the Franchised Stores size, geographic location, menu mix, and competition in the marketplace. The presence of other Food and Beverage stores the extent of market penetration and brand awareness that Smoothie King stores have attained in your market. Also, the quality of management and service at your Franchised Store are major factors.
Brand Message Doesnt Stand Out Enough
Smoothie Kings brand message may not be distinctive enough in the marketplace to prevent a mom-and-pop business from successfully competing with one of its franchise sites, according to some in the media.
There is nothing proprietary about Smoothie Kings business, so a franchisee is really paying to be associated with a well-known brand that consumers will choose over the alternative. I would like to see Smoothie Kings brand be a bit more differentiated. If you want to get help on how to properly build your message and brand, visit here.
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Correspondingly What Machine Do You Need To Make A Smoothie
The Best Blenders for Smoothies, According to Chefs and Smoothie Fanatics Vitamix Professional Series 750 Blender. NutriBullet 600-Watt Blender. Vitamix A3500 Ascent Series Blender. Vitamix E310 Explorian Blender. Blendtec Classic 575 Blender. Blendtec Professional Blender 800. Breville BBL620 Fresh & Furious Blender. How much does smoothie box cost? Smoothie Box Cost. Smoothie Box costs $129 a month for 20 smoothie pouches. There are 2 smoothie servings per pouch, so it comes out to
The Smoothie King Purpose
Smoothie King Franchises, Inc., is a privately held, Dallas-area-based franchise company with nearly 1,300 units worldwide. By creating each Smoothie with a “purpose”, Smoothie King makes it simple and pleasurable for guests to achieve their individual health goals. Our stores offer a number of healthier retail products in addition to our delicious smoothies, including sports beverages, energy bars, vitamin supplements, and more.
Fruit, juice, yogurt, and dairy are all commodities that anyone with a blender can provide. Only Smoothie King creates specialized Smoothies that are expertly blended with more than “just fruit in a blender” for specific needs, goals, and ambitions to inspire our guests to live a healthy and active lifestyle each and every day.
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What Demographics Does Smoothie King Look For
Our target customer is a millennial who is between the ages of 16 and 35. Our focus is 55% skewed towards women. We are looking for starter families, baby boomers, and established Americans. We offer a premium product, so our guests need to have some ancillary income in order to frequent our locations on a regular basis. Therefore, we try to find locations among the average household incomes, or higher for a given market. We cannot exclude certain areas given the range of our guests overall and, therefore, we do not limit ourselves to a particular set of demographics across the board.
Smoothie King Franchise For Sale
Smoothie King is a private Franchise Company and it has established itself as the premier Smoothie Bar Centre in the industry. The company offers its customers the finest and original nutrient-rich fruits and freshly blended smoothies.
They are not only involved in the sales of smoothies, each of their Lifestyle Centre offers healthy retail products to their numerous customers such as healthy snacks, energy bars, vitamin supplements, minerals, herbs, and sports nutrition products.
The company has since 1989 being named the top smoothie franchise company for 16 different years. You can now understand why you want to know how much is a Smoothie King Franchise?
ABOUT THE COMPANY
At a time when so many doctors visitations had done nothing to Steve Kuhnaus allergies, his nurse began to study and get more information on nutrition and hoping that a change in his diet would assist him to recover from his symptoms.
He then began to eat fresh foods and cutting fat out of his meals and then the miracle popped up. Kuhnau began to feel better and then decided to begin the quest to combat his midday fatigue which was caused by hypoglycemia, with his expertise and the drink mixture experience he gathered while in high school, he then began to experiment with protein shakes.
DOES SMOOTHIE KING SELL FRANCHISE?
The simple answer to that question is yes.
This is one important factor to determine your buying into the Smoothie King Franchise opportunity.
SMOOTHIE KING FRANCHISE OFFER
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And Another Question Is Making Your Own Smoothies Cheaper
If you were to buy a smoothie every day for lunch for a week it would be upwards of $25! Making it at home will save you $14 a week. Thereof, how much does it cost to make a green smoothie? How to Make a Green Smoothie is easier than you think! This recipe takes 5 minutes, serves 6, and costs just $4.75 to make. That’s only $0.80 per serving!
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Can You Become A Millionaire Owning A Franchise
The bottom line is that while a franchise can make you independently wealthy, it isnt a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
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Financial Requirements Of Opening A Smoothie King Franchise
According to Smoothie King FDD, here are major fees to expect when acquiring this franchise. However, note that all fees are payable to Smoothie King and apply to the Franchise Agreement. The fees are non refundable. Occasionally, Smoothie King waives or reduces certain one time fees, otherwise the fees are uniformly imposed unless otherwise noted.
Also note that during the term of the Franchise Agreement, Smoothie King may offer optional services not presently contemplated for which Smoothie King may charge a fee. All fees apply to both Traditional and Non Traditional locations unless otherwise noted.
How Much Do Smoothie King Franchisees Make
The following chart shows the average net sales of Smoothie King Units from the latest fiscal year .
The vast majority of Smoothie King franchisees, or the top 75% made $593,329 in net sales over one year.
Given the estimated initial investmentThe amount of funds necessary to begin operations of a business or franchise including the first three months of operation. of a Smoothie King franchise can be as high as $858,000, it is important to invest less money to start a location. If you invest $500,000+ to start a Smoothie King location, it could take you 5+ years to recuperate your initial investment.
The least amount of expected sales that a Smoothie King franchise owner could make, according to the bottom 10% of units, is $247,246.
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High Loan Failure Rate
According to the Smoothie King franchise website: By buying into a franchise, you have the backing of a recognized brand with a proven track record and business method Franchising allows you to obtain independence and to be your own boss with far less risk.
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However, Smoothie King franchise owners who qualified for SBA-backed franchise loans had a high loan failure rate of 28 percent, according to data supplied by the Small Business Administration . Failure to repay an SBA-backed loan implies that the franchisees were in a bad financial situation when they defaulted on their loan. With that being said, this data also suggests a 72% success rate for franchisees that get started with the help of an SBA loan.
Hire Staff Set Up And Open
Hire the staff and arrange for the next segment of training. Smoothie King provides seven days of training in your store before opening day. They cover the business topics related to operational and marketing practices, such as conducting nutritional classes for guests. You get hands-on practice running the smoothie bar and the sales area.
Open your new franchise and take advantage of Smoothie Kings continuous training and support program. The knowledge and support they provide will help you to earn a profit.
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How Do I Start A Small Smoothie Business
Steps to Starting a Smoothie Business Step 1: Write Your Business Plan. Step 2: Form a Business Entity. Step 3: Name the Business. Step 4: Select Your Location. Step 5: Register for Business Licenses and Permits. Step 6: Find Financing. Step 7: Open a Business Bank Account. Step 8: Get Your Marketing Plan in Place.
Average Unit Net Sales Percentage Increase
|Number / Percentage of Units that Met or Exceeded Average Percentage Increase
|Median Percentage Increase
Another important metric to look at is the increase in net sales percentage increase. The following table shows how net sales numbers have increased from the previous fiscal year.
From 2019 to 2020, same-store net sales increased by 2.46%. For almost the past decade, same-store sales have increased, although there was a lag in growth in the years 2017-2018. However, growth has been revitalized since then and the increase in same store net sales has been growing steadily.
Overall, these numbers show that Smoothie King is a financially stable and significantly profitableWhen the earnings in a given period of time is more than the expenses in a business. franchise concept.
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Smoothie King Launches Pilot Test Of Text
DALLAS After an extraordinary year in 2021 that brought a 16.5% sales increase year-over-year domestically and a record $834,562 average unit volume for the top 25% of franchised units in operation, Smoothie King announced today a test of its new text-to-order platform. The global smoothie brand is rolling out the program in Chicago and Jacksonville, with the goal of offering a more modern guest experience while driving top-line digital sales for franchisees.
Through a partnership with HungerRush and its sophisticated platform OrderAI, the worlds largest smoothie brand continues to demonstrate its willingness to invest in new technology to increase sales and profitability for its franchisees while making it easier than ever for guests to order and enjoy its world-class smoothies. Using a 45-digit code, Smoothie King fans in Chicago and Jacksonville can place and pay for their order with the nearest Smoothie King location via SMS text message and visit the store to pick up and enjoy their smoothie.
As the worlds largest smoothie brand with more than 1,300 stores open, Smoothie King has achieved same-store sales growth for the past 9+ years by delivering masterfully crafted blends that support its guests healthy and active lifestyles. Get started by visiting www.smoothiekingfranchise.com for more information.
ABOUT SMOOTHIE KING FRANCHISES, INC.
B Statement Of Average And Median Annual Net Sales Percentage Increase For Units
- Part B below includes the average and median Net Sales percentage increase for Units based on a comparison of Net Sales for Units open for a comparable period in both years.
- Partial years are included in the calculation for example, if a Unit was opened on October 1, 2018, there would be three months of sales from both years included in the 2019-versus-2018 comparison.
- The information disclosed includes only Units scheduled to be open daily during the reporting period, or were closed for less than an 8-week period during each calendar year.
- Of the total number of Units listed for each comparison year in the table below, all reported sufficient financial performance information to be included in this financial performance representation.
2020 vs. 2019
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How Do I Price My Juices
That being said, a retail store that sells bottled juice can achieve a lower food cost, and should strive for 20% ? 25% average food cost for organic juice. This means that if the juice is selling for $10.00 / bottle, the cost of the actual produce that goes into the juice should cost no more than $2.50, on average. Thereof, are juiceries profitable? A juice business or restaurant selling juice direct to consumer can expect about a 50% ? 70% gross margin if careful planning is done when developing the recipes.
How Much Money Does Smoothie King Make A Year
Smoothie King Salary FAQs The average Smoothie King salary ranges from approximately $43,437 per year for a Store Manager to $71,563 per year for a District Manager. The average Smoothie King hourly pay ranges from approximately $14 per hour for a Smoothie King Team Member to $21 per hour for a General Manager.6 days ago.
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