Bananas Smoothies & Frozen Yogurt
Bananas Smoothies & Frozen Yogurt is a chain co-branded with Green Leafs Beyond Great Salads. The combined menu offerings include pick-and-mix salads , six signature wraps, two specialty ciabatta sandwiches, five panini sandwiches, nonfat frozen yogurt, 11 signature smoothies, and five signature juices.
The chain is owned and franchised by Villa Restaurants Group , which owns QSR chains Villa Italian Kitchen and South Philly Cheesesteaks & Fries, as well as nine different individual full-service restaurants. Founded in 1979 and franchising since 1998, the number of locations has declined in recent years from a high of 47 in 2015 to the current total of 18 as listed on the companys website .
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
Burger King Franchisee Makes Less Than 1% Profit Margin In 2021
Income after operations expenses is only $4,000,000, a measly number compared to how much they brought in originally. Interestingly enough, Carrols Restaurant Group still recorded positive cash flow, indicating an increase in the companys liquidity. However, looking at the modified cash flow statement above, it becomes clear that the reason why Carrols Restaurant Group has such a high cash flow relative to their net income is because they borrowed money from a credit facility this is what issuances and borrowing means in the above statement.
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What Might Make A Planet Smoothie A Good Choice
When you join the Planet Smoothie franchise family, the Kahala Brands name is attached to yours. Kahala Brands is a leading brand developer, with brands like Cold Stone Creamery and Pink Berry to its name they are definitely not the newest franchiseson the block. This unique corporate backing may help you optimize your business.
As a franchisee, you may have the opportunity to take advantage of the brand’s multi-unit opportunities. Between corporate incentives, loyalty programs, a flexible menu, and the increasing popularity of smoothies among Millennials and Gen Z, PlanetSmoothie may provide you with a recipe to make the most out of your business.
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 corporation’s internal operating rules bylaw.
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Top Burger King Franchisee Makes Over $20 Million In Profits: Annual Report
Despite the economic downturn brought about by the COVID 19 pandemic, Carrols Restaurant Group proved their resilience throughout the fiscal year of 2020, as top line restaurant sales grew by 6.5% to about $1.5 billion, thanks in part to their large scale acquisition activity in 2019.
There was only a modest decline in comparable restaurant sales for both Burger King and Popeyes, 2.8% and 0.1% respectively. Furthermore, their delivery platform served as an important success factor, going from contributing nothing to approximately 5% of restaurant sales by the end of 2020. At the same time, Carrols was able to dramatically improve their operating margins in 2020, increasing their Adjusted Restaurant Level EBITDA by almost $25 million and Adjusted EBITDA by just over $20 million.
The following charts are a modified version of the financial statements provided by the annual report, and what they indicate about the financial health of the largest franchisee of Burger King.
How Much Does Planet Fitness Franchise Cost
Planet Fitness has the franchise fee of up to $20,000, with total initial investment from $969,600.
Initial investments: $969,600 – $4,242,500
* The data above, compiled from the Planet Fitness FDD 2020, represent the estimated financial range for the initial setting up and first 6 months of operation for a new Planet Fitness gym.
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Planet Smoothie Stores Have Surprisingly Low Costs Compared To Other Dining Concepts:
- Equipment costs are lower. No cooking, only blenders.
- Product costs are lower. There are minimal spoilage costs ,because most of our fruits are flash-frozen and kept in freezers until they are needed.
- Labor costs are lower. Most Planet Smoothie employees are young, working in their first job or early in their employment careers.
- Rents are lower. Planet Smoothie has a small footprint, meaning it doesnt need a huge amount of commercial square footage.
In sum, Planet Smoothie is designed to be a sustainable business thanks to a sizeable margin on sales.
You dont know what that guest has been through before they walk through our door. If theyre having a great day, we want to make sure that they continue that with a great experience with us as well. More importantly, if theyre not having such a great day, we want to make sure that were that ray of sunshine. They see a smile, theyre greeted, theyre promptly waited on, and they get a tasty smoothie. Franchise Owner, Orlando, FL
Planet Smoothie does not provide revenue projections in the FDD however, the discovery process will enable you to get the information you need to understand the economics of our franchise. As you go through the process of learning more about the concept, youll have a chance to speak with current Planet Smoothie store operators and learn from their experiences with the business. They are also free to share details of their investment. Heres some of what you will likely hear:
Who Make A Great Planet Smoothie Franchisee
A Planet Smoothie franchisee should have an outgoing personality and a desireto provide customers a healthier option. You should also enjoy going out intothe community to meet new people and let them know about your store. Buildingpartnerships in the community is key to growing revenue for your store. Weprovide a detailed game plan to help you build awareness, and executing thegame plan can be half the fun of owning a store: You get to be the person whomakes the community a little bit better and a little bit healthier, andcommunities love that!
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Does Planet Smoothie Use Real Fruit
Planet Smoothie is known for its healthier ingredients, all-natural sweetener and supplements. We use real fruits in our smoothies, and we also have our own line of supplements to help provide more vitamins, boost protein, and help customers achieve their personal goals.
Secondly, What is Planet Smoothie keto blast? Keto blast, blueberries, peanut butter, chia seeds, almond milk, vanilla.
Do smoothies cause weight gain? The answer: probably not. Unless fruit smoothies are tipping you over your maintenance energy intake, theyre unlikely to lead to weight gain. For the average person, a smoothie with fruit can be part of a balanced, nutritious meal plan.
Furthermore, What are unhealthy smoothies? 6 Things You Should Never Add To Your Smoothie
- Fat-free flavored yogurt.
- Ice cream, frozen yogurt, or sherbet.
- Too much of a good thing.
- Added sweeteners.
- Canned fruit.
What sweetener does Planet Smoothie use?
Made from one of the sweetest plants on the planet, stevia, our sweetener utilizes only naturally-occurring sugars* that do not adversely affect blood glucose levels.
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.
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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.
Why You May Want To Open A Planet Smoothie Franchise
If you’re looking for smoothie franchises committed to contributing to a healthy lifestyle, Planet Smoothie might be a good option. As a Planet Smoothie franchisee, your days will usually consist of serving fresh fruit smoothies with healthieradd-in alternatives based on customers’ unique preferences. You may not only be able to stand by a healthy and trendy product, but you may also have the opportunity to help people meet their lifestyle goals.
In addition to smoothies, Planet Smoothie locations may serve wrap sandwiches that it calls Round-A-Bouts, soups, vitamins, and low-fat snacks.
The company will likely provide extensive training and marketing support for franchisees, which is why you don’t need any food service experience to open a franchise. The multi-day training course typically covers everything you need to know,and you’ll even receive a few days of on-site assistance once you launch.
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Single Location Will Capitalize On Cross
Two cold concepts are combining to create a hot ticket in Jacksonville, Florida. Thats where Cold Stone Creamery franchise owners Carla and Ruben Aldridge are adding a Planet Smoothie to their busy store footprint.
We opened in June 2017 and had a very strong first year, Carla Aldridge explains. But we have a very large space and wanted to maximize what we could do in our location. After looking at Planet Smoothie, we knew that the two brands could work very well together.
Loved The Planet Smoothe Story 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.
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Is A Planet Smoothie Franchise For You
SCOTTSDALE, AZ– – Entrepreneurs in search of the next promising investment should consider Planet Smoothie. Franchisees with little or no experience in food service need not shy away — Planet Smoothie operations require less knowledge of food service than other similar businesses, and the franchisor’s extensive, ongoing training and support help for its franchisees ensure that they have the knowledge, resources, and strategies they need when launching a smoothie franchise.
Planet Smoothie franchise owners can rest assured they are joining a growing industry with lots of potential. With a whopping 72 percent of total food industry sales growth stemming from healthy foods from 2007 to 2011 , Planet Smoothie’s business is certain to win over today’s healthier, more cautious consumers. Health-conscious consumers are helping bring the smoothie market into the forefront of the food service industry, and the Planet Smoothie franchise’s fresh and healthy alternatives are satisfying society’s appetites.
Planet Smoothie sets itself apart by offering great-tasting smoothies that use healthier, natural ingredients. In a side-by-side comparison, their smoothies generally have less sugar and fewer calories than competitors — a big advantage as Americans actively seek healthier options. Planet Smoothie is led by a veteran franchise team and a dedicated brand support team as part of the Kahala Brands family.
To learn more, visit www.planetsmoothiefranchise.com.
Planet Smoothie Franchise Complaints
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Planet Smoothie franchise opportunity: Are you considering it?
The Planet Smoothie franchise website states: Planet Smoothie is a category leader with well over a hundred units across the nation Planet Smoothie is continuously working to improve your business Planet Smoothie is an organization with dedicated professionals seeking to make your business a success.
However, data released by the Small Business Administration indicates that Planet Smoothie franchise owners who qualified for SBA-backed franchise loans have an shockingly high loan failure rate of 46%.
Are you familiar with the Planet Smoothie franchise opportunity? If so, please share your experience, opinions or insights with a comment below.
If you are a Planet Smoothie franchise representative or employee, please leave a comment or email us at UnhappyFranchiseegmail.com.
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How Much Money Can I Make
We do not provide revenue projections in our FDD however, our discovery and on-boarding process will enable you to get the information you need to understand the economics of our franchise. As you go through the process of learning more about the concept, youll have a chance to speak with current Planet Smoothie store operators and learn from their experiences with the business.
Section Iv Financial Performance Representations And Analysis
- The average gross sales amounts contained in the table below pertain to the historic performance of all Planet Smoothie franchised stores located in the United States that were open for at least 12 consecutive months.
- The time period measured was December 1, 2015 through November 30, 2016.
All Franchised Stores
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St Anthony: Downtown Minneapolis Comeback Still Iffy Proposition But Better Bet Than Last Month
Each weekday morning, Campbell buys a 44-ounce yogurt smoothie laden with blueberries, strawberries and protein powder for $9.99.
“I’ve been doing this for two years,” Campbell said last week. “It’s healthier than McDonald’s and I love it. … If she goes out of business, I wouldn’t know what to do.”
Gallarzo is one of the few remaining Gaviidae Common merchants. She also owes $18,000 in back rent. The struggle has been common among downtown restaurants and stores as office tower employees started working from home at the beginning of the pandemic two years ago.
Gallarzo, who works up to 12 hours a day at her smoothie business and some nights for her husband’s office-cleaning business, saw daily sales go from 80-plus smoothies when she opened in January 2020 to under 10 during the bleakest winter days of the two-year pandemic.
“I love this business and there’s no going back,” Gallarzo said. “This winter has gotten better. We’re averaging 30 or 35 smoothies a day. I know we can average 100 by summer. We just need more people.”
She noticed an uptick in traffic last week, as the city of Minneapolis and a few other major employers began recalling workers back to the office as the latest COVID-19 wave subsided.
The Minneapolis Building Owners and Managers Association and Downtown Council estimate up to 40% of downtown’s 216,000 workers have returned. However, most office employers use a hybrid model, so workers are not on site every day.
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!
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How Much Does It Cost To Open A Juice Heaven Franchise
Juice Heaven Franchise
Individual Unit Costs
Your income potential as a Juice Heaven Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.