Cost To Open A Smoothie King Franchise

What It Costs To Open A Smoothie Franchise

At Smoothie King, we pride ourselves on being an industry leader in the smoothie bar segment. With more than 1,300 locations and over 45 years of brand equity, we continue to carve out a niche market in the food and beverage industry.

The typical investment range is between $268,900 and $858,900, which includes a $25,000 $30,000 franchise fee. Single-unit owners minimum net worth is normally $300,000, with $100,000 minimum liquidity. The investment capital is necessary to finance site build-out, signage, equipment, inventory and a variety of other expenses.

The Best 10 Juice Bar & Smoothie Franchise In Usa For 2021

Smoothie franchise is a good business to own. It offers a wide variety of concepts, caters to a huge customer base, contributes to heathy lifestyle, and can be easily scalable. Speaking about smoothie segment, one should mention a big choice of services, drinks and food which it can offer. There are juice bar franchises, restaurants which serve a full menu of made-to-order wrap sandwiches along with smoothies and other drinks, smoothie factories focused on being truly healthy with their products, and many others. If you face a challenge to choose a business for you to own, have a look at our listing of smoothie bar franchises. The selection includes only reputable brands which provide the most favourable conditions for their franchisees. They offer an easy-to-operate business, which doesnt require any prior experience, for attractive cost & fees. Any of smoothie cafe franchises listed here has a team that helps applicants with choosing location, space design, grand opening, marketing, etc.

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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A Business You’ll Feel Good About Owning

“Love what you do, and youll never work a day in your life.” This old saying rings true for our franchisees, and it could for you, too. As a Smoothie King franchisee, youll spend your days helping people live healthier, more active lives. Your business will be serving up their favorite Smoothies that are blended with real fruit, fruit juices, and vegetables no extenders, flavors, etc.

How Much Does The Juice Stop Franchise Cost

Juice Stop has the franchise fee of up to $25,000, with a total initial investment range of $125,000 to $185,000.

Liquid Cash Requirement: $125,000 – $185,000

Juice Stop Initial Investment

Initial Investment: $125,000 to $185,000.

Ongoing Fees

Initial Franchise Fee: $25,000

Are you interested in starting a Juice Stop Franchise in the USA, Canada, the UAE, Malaysia, the UK, Singapore, Saudi Arabia, Australia, Europe or another country?

We provide estimated franchise costs for some countries:

• – In the United States, the total investment to start the Juice Stop is around $125,000 to $185,000.
• – In Canadian currency, the investment comes around Can$157,052 to Can$232,437.
• – In currency of the United Arab Emirates, the investment comes around AED 459,125 to AED 679,505.
• – In Malaysian currency, the investment comes around RM 516,625 to RM 764,605.
• – In currency of the United Kingdom, the investment comes around £90,956 to £134,616.
• – In currency of Singapore, the investment comes around SGD 167,645 to SGD 248,114.
• – In Saudi Arabia currency, the investment comes around SR 468,784 to SR 693,800.
• – In Australian currency, the investment comes around AUD 164,062 to AUD 242,812.
• – In currency of the Europe, the investment comes around EUR 104,993 to EUR 155,389.

Juice Stop website: www.juicestopsmoothies.com

• Year of launching the franchise1994
• 17801 Main St Ste A. Irvine, CA 92614

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How Much Does Smoothie King Franchise Cost

Looking for a business to franchise? Why dont you try Smoothie King? This company offers the first ever freshly blended, nutritional fruit smoothies. Smoothie King also offers healthy sports beverages, healthy snacks, energy bars, herbs, minerals, vitamin supplements, and other sport nutrition products. This type of business will surely immediately become a hit since people nowadays are getting conscious about their health. Another thing that you should also consider is that Smoothie King is already known to people around the world. But first of all, how much does Smoothie King Franchise Cost?

Some Of The Many Reasons To Own A Smoothie King Include:

• #1 Smoothie brand focused on health and fitness: We know what it takes to help our franchisees adapt and thrive in our industry.
• Same-store sales growth each of the last 5 years: Our team gives every franchisee the guidance and support they need to not only reach their goals, but also to continue growing their business.
• Simple proven operating system with a low cost of entry: Weve simplified many tedious business management elements for you and provide a low entry cost to help support you from the very beginning.
• 1300+ units with another 100+ opening this year: We are growing to meet our continuously increasing demand! This growth will also drive more traffic to your store and help you succeed in your market.

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A Recipe For Success With Smoothie King

When franchisees invest in Smoothie King, theyre not only investing in themselves and the business, theyre helping each guest invest in their own well-being.

Anyone can toss fruit, vegetables, yogurt and dairy into a blender. Our brand creates specialized smoothies expertly blended for guests specific needs, purpose and goals which has been our purpose from the very start.

Weve fine-tuned our business systems to make our stores simpler to operate with limited inventory and waste, multiple revenue streams and lower initial investment than other quick-service restaurants.

We optimize our business model by keeping a close eye on the metrics that drive unit performance.

Who Is The Target Customer For A Smoothie King

The idea customer for Smoothie King are millennials between the age of 16 to 35. However, we skew about 55 percent of our marketing toward women. We are a higher-priced premium product so we need customers who can come regularly and purchase our products.

Our locations are typically in areas where household incomes are average or higher. We try to target women who just started families, baby boomers, and well-established Americans.

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Pros And Cons Of Running A Smoothie And Juice Bar Franchise

Pros:

• Set systems already in place no need to create policies, marketing strategies, or even make a menu.
• Having the brand already being known through other locations builds rapport with customers.

Cons:

• It costs far more to run a smoothie and juice bar franchise than starting your own, with the initial startup fee as well as the ongoing royalty and maintenance costs.
• Less freedom to make decisions on operations, procedures, branding, marketing etc.
• Similarly, less freedom to make recipe and menu modifications.
• Limits your own opportunity to scale your business and open additional locations, or to change your business model/branding/concept.

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.

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Hookah Pipes And Shisha

Interestingly, the hookahs and tobacco are some of the least expensive costs for opening up a hookah bar. Once you have the space ready, you will need to invest in the centerpieces of your customers visit. Its important to purchase quality equipment, but also hookahs that are aesthetically pleasing and that will add to the overall customer experience.

What to look for when selecting hookahs for your lounge or bar:

Stability Hookahs are large and when theyre sitting in the center of a group, theyre bound to get knocked and bumped. A broken hookah is not making money for the business, so you want to avoid this at all costs. A stable hookah will minimize the risk for accidents, so look for a design with a wide base and make sure its not too top heavy.

Durability Your hookahs will be used again and again in a commercial setting, so make sure that you purchase high-quality, durable equipment. One of the most important components is the shaft and hose adapter. Look for a hookah with a well-built shaft and where the shaft is built into the hookah rather than screwed or welded on.

Hoses Look for washable hoses, ideally heavy duty silicone, with a wide gauge. Check all hoses for leaks and manufacturer defects before putting them into your rotation. The hose should also have a wide diameter from one end to the other, rather than narrowing at one end. This will improve airflow and the customers experience.

Refreshing Juice Bar Franchises To Consider

The juice bar industry is thriving. According to IBISWorld, the juice and smoothie bar industry brings in about $2 billion per year and is experiencing a steady rate of growth.

That growth could also be due in part to the thriving fitness industry. Consumers are becoming increasingly concerned with health and wellness. So juice and smoothie bars naturally fit into that niche. If youre interested in being a part of that growing industry, here are some juice bar franchise opportunities to consider.

Also Check: A Meal Replacement Smoothie Contains At Least 7g Of Protein

Tropical Smoothie Franchise Cost Exposed

Tropical Smoothie Franchise offers customers a variety of premium, handcrafted smoothies made with select fruit and vegetables blended fresh in the cafe using proprietary recipes, as well as specialty sandwiches, flatbreads, wraps, and bowls.

A Tropical Smoothie Cafe is a better-for-you, fast-casual restaurant business offering freshly prepared food and smoothies served in a fun, friendly environment. There are currently 913 franchised locations and 1 company-owned restaurant.

Tropical Smoothie Cafe is a Georgia LLC organized on June 25, 2012. Charles Watson has been the CEO since December 2018. Tropical Smoothie Cafe was recognized as one of the Top 10 Fastest-Growing Chains as well as Entrepreneurs Best Franchises for Any Budget. We will examine if the initial Tropical Smoothie Franchise Cost is worth the potential return.

You can learn more here:

00:00 Introduction00:17 Tropical Smoothie Cafe Franchise00:36 Initial Franchise Fee01:10 Average Sales and Profits01:41 Recoupment of initial investment02:40 Finantials04:29 Conclusion

#TropicalSmoothieCafe #VettedBiz #FranchiseReview

The Tropical Smoothie franchise fee is $30,000. This is the upfront fee that must be paid when opening a Tropical Smoothie Cafe franchise. You will also pay a grand opening marketing contribution of $10,000.

The estimated total investment necessary to begin the operation of a Tropical Smoothie cafe ranges from $257,500 $560,500.

Smoothie King Net Worth Requirements

Confirm that you meet the financial requirements to obtain a franchise. You need at least $100,000 cash, a minimum net worth of $300,000 and a minimum credit score of 700. The company does not require previous small business experience as they provide extensive training to new franchisees. Moreover, you do not have to actively manage your franchise, although you do have to complete the training program.

Submit the franchise application that you will find on the Smoothie King corporate website.

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How Much Profit Does A Franchisee Of Smoothie King Make Per Year

Smoothie King outdoor shop.

According to Glassdoor, a Smoothie King franchise owners average salary in 2020 would be $42,337 $46,085. This figure is a reported average, thus there could be a wide range of salaries. From an ownership perspective, it can also be advantageous from a tax perspective to earn less annually. We have to rely on what other franchise owners report making because Smoothie King does not post any form of expected franchise owner payment.

I suspect the real average revenue of an owner per unit is around $100,000 and not whats being reported on Glassdoor. Its hard to believe that this franchise would still be in business of ownership made less than $50,000 in annual profit.

As a Smoothie King franchisee, your profitability is determined by a number of factors. Food costs, labor costs, commercial lease rates in your area , local product demand, and how well you manage your operations are some of these aspects. In addition, the amount and scope of your investment will also have a big impact on profit.

How To Apply For A Franchise

Before you can apply for a franchise with Smoothie King, you must have a net worth of at least $300,000. You will need a credit score of at least 700 to qualify for a franchise.

You must check the location where you want to open a Smoothie King to see what costs are specific to your area. These costs include what the building will costs. Other real estate costs, equipment costs, signs, licenses, and permits, Uniforms for your staff, insurance, and all additional costs listed above might fluctuate in your area.

Think about your relevant experience that might help you successfully run a Smoothie King. What prior business experience do you have? Have you ever run a business before? It helps to have broad business experience and marketing skills.

Look at the market in your area. What competitors will you have if you open a Smoothie King? If it looks like it will succeed, then you will need to fill out an initial online application and submit it to the franchise team at Smoothie King. Connect with a Franchise Development Manager to get any questions answered. Then fill out the franchise application. Be sure to review the Franchise Disclosure Document.

Then if everything looks good, you receive your approval to open a Smoothie King. Then you will attend a one-day orientation class where they discuss the opening and running of your Smoothie King. Then you set up a meeting with their real estate department to start the process of finding a place for your location.

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Smoothie King Franchise Application

If you are seriously considering owning your own Smoothie King franchise, please complete ouronline franchise application. If you are interested in an International opportunity, please complete ourinternational form.

*20% is the average EBITDA as a percentage of total net sales for the period from December 29, 2020 to March 29, 2021 for the 387 traditional franchised units that submitted complete profit and loss statements to us. This information appears in Item 19 of our Franchise Disclosure Document dated September 23, 2021. Your results may differ. There is no assurance that you will achieve these sales.

**$834,562 is the average gross sales for the top 25% of franchised units in operation for the entire 12-month period ending March 29, 2021. Of the 207 franchised units included in the average gross sales for the top 25%, 80 franchised units of the franchised units gained or surpassed this sales level. This information appears in Item 19 of our Franchise Disclosure Document dated September 23, 2021. Your results may differ. There is no assurance that you will achieve these sales.

A Breakdown Of The Costs To Start A Hookah Bar

Lets take a look at the different expenses that are associated with opening up a hookah bar and a breakdown of how much each one typically costs. This information is sourced from experts in the field who have opened hookah lounges themselves as well as startup-focused websites like Profitable Venture.

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How Much Does It Cost To Open A Skating Rink

If you have been thinking of opening a skating rink but are not sure of the expense, you may consider the following costs.

You can expect the cost of opening a skating rink to cost you an investment of at least $400,000 to as much as one to three million depending on if you can find an old rink to renovate or if you start from scratch. According to Sportstotry.com, a 17,000 square foot building will cost an estimated $85,000 to $170,000 to renovate the wood floor. Renting a big enough building will cost on average around $4,000 per month. There are other costs like licensing costs, insurance, and additional renovation costs, and initial set-up costs in the beginning.

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Average Hookah Cost Range

For commercial use, its better to go with a high-end piece because of the amount of wear and tear it will be subjected to on a daily basis. Most ready-to-use hookahs that are of good quality for lounge use will fall in the $100-$150 range .

In addition to the hookah, you will also need an abundance of hoses, which cost anywhere from $1-$4 each. The mouthpiece is usually made of ceramic and they cost anywhere from $5-$10 each. You will need a good amount of heads, at least one per customer at max capacity and extras to account for pieces that are broken or dirty.

The last component for the hookah itself is the coal. The hookah is heated with small coals, and you should plan on budgeting at least $40-$50 worth of coals per day depending on how busy your lounge is. Its always good to have extra coals on hand, because you never want to run out of the thing that literally fuels your business.

Starting out, you should plan to have at least 12 hookah stations ready to go. If your space is larger and you can accommodate more tables, add more hookahs. If youre only purchasing single-hose hookahs, you will need to take that into consideration and increase the number of hookahs available to whatever you are anticipating your capacity to be.

Shisha

For some of the most widely available brands, the price per gram ranges from $0.05-$0.11.

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