What Is The Most Profitable Franchise To Own
Most Profitable Franchises Dunkin 7-Eleven. Planet Fitness. JAN-PRO. Taco Bell. Orangetheory Fitness. Great Clips. Mac Tools. Do smoothie Kings make money? The vast majority of Smoothie King franchisees, or the top 75% made $593,329 in net sales over one year. Given the estimated initial investment. of a Smoothie King franchise can be as high as $858,000, it is important to invest less money to start a location.
The filing fee for an limited liability company in Virginia is $100. It can take up to 12 days to process a filing. For an additional fee, incorporate.com will provide you with the total cost to get your business up and running in Virginia.
If you want to create a corporation in Virginia, you have toTrademarkiaTrademarkias. You will need a registered agent in Virginia to serve the process. Although not legally required, you should prepare your corporations internal operating rules bylaw.
Recommended Reading: Smoothies That Are Good For Weight Loss
When Was Planet Smoothie Founded
Planet Smoothie started offering franchises in 2012. Planet Smoothie was founded 27 years ago in 1995.
At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!
What Are The Initial Costs Of This Franchise
The initial startup cost of this franchise is about $100k in total. Some units may find a slightly lower total initial investment required and the high end estimate is $309k. In return, youll be joining the third largest smoothie chain in the United States that emphasizes a product that is the best tasting smoothie on the planet. Its combined with the Tasti D-Lite product brand that features frozen desserts that are healthier and celebrity endorsed, so there are plenty of marketing opportunities available.
Planet Smoothie is also a participant in VetFran, which encourages veterans of the US military to invest into a franchise and become their own boss. Qualified veterans who have been honorably discharged or their families will receive a 25% discount on the franchise fee of $30k for a full unit or $20k for a kiosk unit. There is a reduce franchise fee for multiple units that are developed.
Planet Smoothie also offers a franchise opportunity on a large scale that they call the Area Developer. This opportunity gives an investor the chance to develop an exclusive territory that can be up to the size of an entire state. This is primarily for investment groups or companies that are looking to diversify revenue streams, but could be right for the right qualified entrepreneur. Most franchises have a minimum size requirement of 750 square feet if they are a full unit.
Don’t Miss: Blueberry And Banana Smoothie Recipe
Smoothie Franchise: A Lower
Planet Smoothie is far more affordable than most food-related franchises, withlower startup costs, lower operation costs, less spoilage and simplerstaffing. Many food concepts can cost $1 million or more to open and canrequire dozens of employees, but the startup costs for a Planet Smoothiefranchise range from $91,600 to $384,500, depending on whether you open analternative, kiosk-style location, a traditional shopping center location or adual-branded store with Tasti D-Lite®.
Smoothies are simple to prepare its all blending, no cooking so trainingnew employees is a breeze. That makes it much easier to scale your business asit grows. The simplicity of the business model also makes it easier to manage.That helps you as you master your new smoothie franchise, and when you areready to expand to a second, third or ninth location, that simplicity willmake it easier for you to hire general managers.
Get Into The Juice Bar Community
If youre exploring franchise options then youll be joining a community with built-in support networks.
But if youre planning on being an independent shop, then its important you get involved in the juice bar community.
Start with the Juice and Smoothie Association .
Look on Facebook, Instagram, and Twitter for accounts to follow and groups to join. Join local juice meetups.
This is an opportunity to network, find out about new recipes, and learn new industry best practices and techniques to optimize your business.
You never know where your big break or a great employee may come from, so become involved in the industry community and go to trade shows and meetups whenever possible!
Recommended Reading: Healthy Morning Smoothies For Weight Loss
Is Planet Smoothie Growing Are They Opening More Locations Than They Are Closing
The net unit growth rate for Planet Smoothie over the past 3 years is 14%. Over the last year we have data for, Planet Smoothie had a net unit growth rate of 6%.
Without a comparison, this number doesnt mean much. Compare how the Planet Smoothie growth rate compares to 2,000+ other franchises and Industry franchises like Planet Smoothie. More info in the Planet Smoothiemetrics tab.
How Much Does It Cost To Build A Smoothie Shop
What it Costs when Starting a Smoothie Business Total Estimated Costs $183,500 ? $232,000 Leasehold improvements $105,000 ? $134,000 Equipment $66,000 ? $73,000 Initial franchise fee $12,500 ? $25,000 Area development and multi-store ownership $267,500 ? $394,500 People also ask how much does it cost to open a planet smoothie? Planet Smoothie Franchise Costs & Fees Name of Fee Low High Initial Franchise Fee $16,000 $25,000 Lease Review Fee $0 $2,500 Rent/Security Deposit $6,000 $20,000 Travel and Living Expenses while training, not including salaries, if any, for franchisees and their employees $3,750 $7,500 14 more rows
Also Check: Fruit Smoothie Diet Weight Loss
Looking For A Franchise Youll Love Watch Our Free Webinar Live Or The Recording Later
- This amount includes estimated costs of furniture, furnishings, installations, equipment, trade fixtures, and certain other items on the restaurant premises, the amount and specific items of which will vary depending upon the location, size, and condition of a particular restaurant.
- You must purchase restaurant equipment for your Planet Smoothie restaurant from approved vendors and according to Planet Smoothies specifications.
- A list of approved distributors for Planet Smoothies approved vendors is maintained by its purchasing department and will be provided to you during the pre-opening and/or construction phase for your Franchised Business.
- Updates will be provided to you as changes are made to the list of approved distributors for Planet Smoothies approved vendors.
8. Exterior Signage: $9,000 to $12,000
9. Computer Hardware, Software : $1,000 to $5,000
10. PCI Compliance Costs: $150 to $1,300
11. Opening Inventory : $2,500 to $5,000
- As with any retail business, you will purchase inventory continuously as long as you operate your Planet Smoothie restaurant.
12. Business Insurance: $1,000 to $5,000
- Initial premiums for commercial general liability insurance are subject to change due to market forces beyond Planet Smoothies or your control.
- The cost of other coverages, including workers compensation and employer liability coverage and your discretionary purchases, varies widely.
13. Miscellaneous Opening Costs: $4,750 to $17,200
14. Grand Opening Marketing: $7,000
Resources To Help Women In Business
There are many resources out there specifically for women entrepreneurs. Weve gathered necessary and useful information to help you succeed both professionally and personally:
If youre a woman looking for some guidance in entrepreneurship, check out this great new series Women in Business created by the women of our partner Startup Savant.
Read Also: Can You Add Protein Powder To Daily Harvest Smoothies
Bring A Planet Smoothie Franchise To Your Community Today
Planet Smoothie is a simple, easy-to-operate business that doesnt require any prior food experience. The smoothie market is strong and growing, and Planet Smoothie stands out with a menu built around real fruit and other healthier ingredients. Planet Smoothie has been around for more than 20 years because we do one thing really well: we make delicious smoothies. Capture a piece of the strong and growing smoothie industry with a Planet Smoothie franchise. Fill out this franchise form, and visit our research pages to learn more!
Welcome To The Best Business On The Planet
*This fee is for a traditional location and does not include any discounts that may be applicable. Different fees may apply for other types of locations. More detailed investment information is available in the Franchise Disclosure Document .
__________________________________________________________________________________________________________
Don’t Miss: Smoothie With Almond Milk And Yogurt
And A Whole Lot Sweeter
With a menu that has all-day consumer appeal, your future with Planet Smoothie is about as sweet as it gets. And investing in a lucrative future at Planet Smoothie could be a lot easier than you think.
Having been a franchisee for 4 years, I have truly enjoyed my experience. As my first experience at business ownership, the support Ive received has been invaluable. I look forward to the years to come and to expanding my business even further!– Colin, Planet Smoothie franchisee
Planet Smoothie has been a dream come true for me. I feel incredibly blessedto have a business that provides my family an income. It is also the best job in the world, fun music, bright colors, smiling faces, it is always sunny in Planet Smoothie!– Helen, Planet Smoothie franchisee
Our first major nationwide expansion is happening now. There has never been a better time to own a part of an established brand in an industry thats growing fast!
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.
Recommended Reading: Six Star Instant Protein Smoothie Walmart
What Types Of Locations Fit Into Smoothie King Site Criteria
The ideal size range for a Smoothie King Franchise is generally 800-1,600 square feet. However, smaller or larger stores are an option. They’re usually located in neighborhood and community strip centers, power centers, shopping malls, universities, airports, and downtown business districts. The optimal area typically has a strong residential population, strong daytime employment, dynamic retail activity and proximity to fitness . It also has good street visibility and presence as well as good ingress and egress. We also prefer a drive-thru when possible.
Americans Are Eating Healthier
The obesity rate has more than doubled since 1980, according to the Centers for Disease Control and Prevention, prompting a re-examination of eating habits. According to a report issued in 2014 by the U.S. Department of Agriculture, Americans have started to cut back on their daily calorie intake and are reading more nutrition labels. Now that healthy eating is mainstream, consumers are seeking out smoothies to the tune of $2.4 billion a year in sales.
As part of that trend, consumers are looking for healthier, convenient dining options, which is what a Planet Smoothie franchise delivers. A 2015 study by IBISWorld reported that the demand for ready-to-drink smoothie products increased over the past five years, driving profit margins up during that time.
The Planet Smoothie franchise sets itself apart by offering great-tasting smoothies that use healthier, natural ingredients. In a side-by-side comparison, our smoothies generally have less sugar and fewer calories a big competitive advantage as Americans actively seek healthier options. We are led by a team of veteran franchise executives who have helped build other iconic brands, including Mail Boxes Etc., and we leverage more than 100 years of combined franchising experience to provide outstanding support to franchisees.
Americans are hungry for healthy dieting options, says CEO Peter Holt. Planet Smoothie makes healthier food that is convenient and delicious.
You May Like: Food Processor For Smoothie Bowls
What Kind Of Support Is Received
Planet Smoothie offers franchisees a high level of initial and ongoing support as an investor. It all begins with Planet Smoothie University, where each new franchisee is brought on board with their managers to learn the operating system that is in place. The training program includes hands-on training in actual stores that will help to ready you for your own locations grand opening.
After youve completed the training course, youll also receive extensive ongoing support from the organization to make sure your operations are always up to speed on best practices. Youll also receive help with your initial store design, assistance with the build out, and the organization will even help with site finding and lease negotiation. Throughout the entire process, youll get support visitations and business coaching to establish the brand identity of Planet Smoothie within your community.
Planet Smoothie also offers franchisees a lot of ongoing marketing programs that will help to further niche saturation in your community for your investment. There are a number of national campaigns that are always in the works, while local store marketing programs are also run simultaneously. Theres also new product development going on to help drive sales, a dedicated public relations team, and even help with product manufacturing, logistics, and procurement.
Business Ownership Is Smoothwhen You Own A Piece Of The Planet
Since its first store in 1995, Planet Smoothie has been treating customers to The best tasting smoothie on the planet, and today serves customers all the way from Massachusetts to Hawaii.
- REAL ESTATE Our experienced commercial real estate network can assist you with site selection.
- TRAINING – Comprehensive training at Planet Smoothie University and at our flagship location, followed by on-site training in your store prior to opening, and a variety of learning programs.
- – Our marketing team will provide guidance and high-quality marketing materials to support your store opening and ongoing local marketing efforts.
Read Also: High Protein Low Potassium Smoothies
What Would You Do As A Franchisee
- Manage the daily operations of your first store, and later hire managers who can oversee stores on your behalf should you choose to open multiple locations
- Hire and train employees and management personnel
- Follow Planet Smoothie’s step-by-step playbook to forge community partnerships and grow your customer base
Vary The Menu Of Your Smoothie Business To Make It More Lucrative
Inasmuch as the location is key in your business, the content and variety of your product are equally essential.
Dont forget to adjust the menu of the products sold in your store. With this, we mean to formulate a first offer and offer juices and smoothies with a variety of fruits such as watermelon, cashew, strawberry, orange, pineapple juice.
You can also use several other fruits like an avocado, banana, pear.
No matter how hard you try in this enterprise, you need to know how to make tasty smoothies in Nigeria before people can patronize.
Just go through the smoothie recipes available and pick the one that will work for your customers.
In the course of your Smoothie business, you will be able to acquire more highly demanded by the public.
You May Like: Smoothie King Hiring Part Time
Purchasing A Planet Smoothie Franchise
There is an initial franchise fee of $12,000 – $25,000 and a total investment of $122,150 – $327,550. Net Worth Requirement: $250,000 and Liquid Cash Requirement: $100,000.As a franchise opportunity, Planet Smoothie is a low-cost investment and offers an established, simple-to-run business model and exceptional ongoing support from Kahala Brands, one of the largest franchisors in the world.
“*” indicates required fields
Calculate How Much Does It Cost To Open A Juice Bar Business
The total juice bar start up costs would make about $20,000. To help you understand how much money you need when opening a juice bar business and what youll have to spend it, we have compiled a list of the approximate costs of a juice bar in a shopping mall. But remember, all costs will be individual to each case.
Read Also: Smoothie King Center Box Office
Recommended Reading: Best Weight Loss Smoothie Mix
Smoothie King Salary Faqs
The average salary for a Franchise Owner is $72,286 per year in United States, which is 50% higher than the average Smoothie King salary of $48,017 per year for this job.
The salary trajectory of a Franchise Owner ranges between locations and employers. The salary starts at $74,460 per year and goes up to $74,460 per year for the highest level of seniority.
Smoothie Shop And Juice Bar Franchise Opportunities
If youre looking for a business opportunity that offers a lot of flexibility and plenty of growth potential, you may want to consider investing in juice bars or smoothie franchises.
There are dozens of great smoothie and juice bar franchises out there to choose from, but weve put together a list of 10 of the best opportunities for you. Keep reading to learn more!
Don’t Miss: What Is The Healthiest Smoothie To Make
Our Business Model Makes Scaling Multiple Locations Easy
As more customers pour into your store, our business model will allow you to easily add staff. Once volume increases enough, youll be ready to open an additional location. Planet Smoothies business model makes it simple for a multi-unit franchise owner to put managers in charge of day-to-day operations while keeping tabs on performance and back-end business operations such as accounting, marketing, payroll and ordering.
Planet Smoothie Franchise Opportunities
For 20 years of successful work, the Planet Smoothie franchise has opened 150 locations. The company sells fresh fruit smoothies and juices. That means the Planet Smoothie franchise provides fine opportunities to promote an active and healthy lifestyle. The company suggests entrepreneurs who are keen on wellness starting a Planet Smoothie store franchise in their region. If you are one of those whod like to join the business and offer healthy products for sale, send a request. The managers will tell you how to open a Planet Smoothie franchise. They will be pleased to share the investment information, cost and profit details, fees and Planet Smoothie franchise requirements with you.
Also Check: Hamilton Beach Smoothie Smart Blender