How Much Does It Cost To Open A Smoothie King

Funding A Storage Unit Facility

Storage units have a high upfront cost compared to many other businesses because they require a large structure to be built. So, unless you have a lot of capital saved up, then you are going to have to rely on a commercial property loan.

Generally speaking, the best kind of commercial property loan to get for a storage unit is an SBA 7 loan from the Small Business Administration . SBA 76 loans offer up to $5 million and up to 75% of that money is guaranteed. That means that if you default on the loan, the federal government will cover up to 75% of the loan. The reduced risk means that banks are more willing to lend money for property to small businesses.

You do not only have to get an SBA 7 loan to build a new storage unit. You can also get one to refinance an existing loan or it can be used to buy an existing storage unit.

Smoothie King Franchise Fee

Smoothie King franchise fees are an Initial fee of $ 15,000 for non-traditional locations, and for other locations, this fee can go up to max. $ 30,000. The ongoing fees that each franchisee must pay every month are 9% of gross revenue .

Smoothie King is a member of the Vet Fran program, which means that all active members of the U.S Armed Forces and those who are honorably discharged have the right to a 20% discount off the initial fee.

Also, franchisees who are police officers, firefighters, and hospital employees with 10 or more years of experience have the right to a 20% off discount to Smoothie Kings initial fee.

The initial franchise fee is paid after the franchise agreement has been closed.

The ongoing fees must be paid regularly every month regardless of whether the franchise facility is profitable for its owner or not. If these fees are not paid regularly, the franchisor can nullify the franchise agreement.

Other Smoothie King franchise fees are the Technology fee of $ 200 per month and the Design fee of $ 2,500. The design fee is a one-time cost.

Also, we must include the Smoothie King franchise POS System fee in this list, which costs between $ 2,250 and $ 4,490. This is a one-time cost, and after it is paid, the franchise facility will be equipped with the billing system that every facility of this type must have.

Smoothie King franchise one time and ongoing fees:

Average Smoothie King Franchise Startup Cost

Franchising Smoothie King will allow you to retain a business that sells smoothies and nutritious drinks. And not just drinks, Smoothie King also offers nutritional products in general. You will be given a chance to sell their original smoothies that consist of natural and real fruits blended together, pure fruit juice, and pure vegetable and fruit purees. These natural ingredients will be combined with nutritional supplements and any other meal replacement that is customized personal order. Smoothie King also sells nutritional retail merchandise such as minerals and vitamins, herbs, healthy snacks, and much more.

So how much does Smoothie King Franchise Cost? Before you can franchise one, you are required to qualify the criteria set by the company. For Smoothie King, their financial requirements are:

• You should have at least $300,000 net worth to open 1 Smoothie King store and,
• You should have at least $100,000 liquid asset to open 1 Smoothie King store.

If you qualify all of the given criteria, the next thing you will need is the initial investment. According to Smoothie King itself, the total Smoothie King franchise cost will run around $188,000 up to $414,000. And as usual, the total cost depends on many factors. Here is the breakdown of the total cost:

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One Of The Most Affordable Smoothie Franchise Concepts On The Market

Maui Wowi®s standard mobile franchise agreement entitles franchisees to not one smoothie cart, but three! For an initial franchise fee of just $30,000, your total investment for your first Kaanapali Cart can be as low as $28,900 $189,050. Ideal Maui Wowi® smoothie cart business owners have a minimum liquidity of $50,000 and a total net worth of at least $100,000. Financing options and mobile franchise incentives are available for qualified individuals.

Smoothie King Franchise Cost In 2022 Worth Profit Potential

Healthy Food Industry

Smoothie King franchise primarily sells custom blend smoothies and other related nutritional products in order to propel active and healthy lifestyles. The franchise concept was founded in 1973 by Stephen C. Kuhnau under the name Smoothies with a Purpose. Its first juice bar franchise opened in 1989 in New Orleans, Louisiana. Smoothie King Co. is currently headquartered in Dallas, Texas. The current CEO of Smoothie King is Sung-Wan Kim. He was formerly the President and Chief Executive Officer of Smoothie King Holdings Inc.

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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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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.

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What Is Smoothie King

Smoothie King is a privately owned franchise company that offers consumers smoothies and other nutritional products, including energy bars, herbs, sports beverages, healthy snacks, supplements, and more.

Before delving deeper into this smoothie company, what does some of the research say about smoothies?

• Foods: Certain fruit juices contain a large amount of antioxidants and healthy compounds, including chlorogenic acid, hydroxycinnamic acids, and epicatechins.
• Nutrients: Fruit smoothies may be able to slightly reduce appetite.
• British Dental Journal: Both homemade and commercially-bought smoothies have the potential to cause some dental erosion.

Smoothie King was started in 1973 by Steve Kuhnau, who was looking for ways to alleviate his food allergies and enhance his general health. Kuhnau turned to blend his own mix of supplements, nutrients, and fresh fruit after exploring many approaches to alleviate his ailment. After changing his diet, Kuhnaus health improved significantly and was inspired to promote nutrient-rich drinks to the general public.

In 1989, Kuhnau opened the first Smoothie King shop in Kenner, Louisiana, and franchising officially began. Kuhnau swiftly and successfully extended the company throughout the United States, driven by his enthusiasm for sharing healthy eating.

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Also Check: 10-day Green Smoothie Nutrition Works

How Much Is The Smoothie King Franchise Fee

Smoothie King has two different types of franchises, each with different fees: traditional and non-traditional.

Traditional locations are usually set up in strip centers, drive-thru locations, or other commercial shopping centers, places where the general public have ready access to the site. Operators of a traditional location receive a protected territory, preventing other outlets of the franchise from setting up close by.

Non-traditional locations are those relying on one main business or organization for customers, sometimes set up within that organizations property, and normally with limited access to the general public. This covers locations like enclosed shopping malls, convention centers, airports, movie theaters, health clubs, hospitals, college campuses, military bases, and grocery stores. It provides a captive market but doesnt come with a protected territory .

The initial franchise fee is $30,000 for a traditional store or $15,000 for a non-traditional store. The fee for a traditional store may be discounted to $25,000 when setting up additional stores after the first .

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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?

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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.

How Much Does It Cost To Start A Juice Bar

So how much does it cost to open a smoothie shop? This all goes back to my early point of whether you aim to start from a fixed location, mobile juice truck or from home.

Starting a juice bar from a premises = $25k $100k

Starting a juice bar from a juice truck = $10k $25K

Starting a juice bar from a stall = $1k $1.5K

Starting a juice bar from home = $500 $1k

This is purely the start-up costs and does not include the day to day running costs such as staff, stock, rent and utilities.

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What Is The History Of Smoothie King

Smoothie King was established originally in 1973 after the founder, Steve Kuhnau, started experimenting with mixing fresh fruit, nutrients, and proteins to make a smoothie. He noticed it had a profound impact on his health and created the first Smoothie King from that experience.

Smoothie King launched its first franchise in 1989. There are now about 950 Smoothie King franchises located throughout the United States and around the world. They sell sports beverages, energy bars, nutritious snacks. They also sell vitamin supplements, herbs, minerals, and many other nutritional products in their locations today. They use all-natural ingredients in their smoothies and other products. With the majority of people becoming more health-conscious these days, it makes Smoothie Kings very popular.

Average Net Sales Of Smoothie King Units

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Is It Profitable To Sell Smoothies

Juice and Smoothie Shops: Can They Be nd Smoothie Shops Profitable? In a single location, smoothie shops can expect to generate gross revenue ranging from $250,000 to $800,000. As an example, in 2015 the top 25% Smoothie King franchisee’s received gross sales per unit of $681,724 of gross sales per unit of gross sales per unit of

What Is The Profit Of Owning A Franchise

This is the initial investment. You earn more as a franchisee if your business is affiliated with a brand and industry you are familiar with. In the restaurant industry, franchise owners earn an average of $82,000 per year, which is a pretty good salary considering that nonfranchise restaurant owners can earn anywhere from $24,000 to $155,000 per year.

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Choose A Juice Bar Concept And Brand

Choosing the concept of your juice bar is the starting point in your journey. Its also the most creative step along the way. You get to choose the theme of your shop, the types of ingredients youll use, and the way youll serve your customers. Check out these examples of juice bar concepts:

• Mobile juice bar cart specializing in organic produce, vitamin supplements, and health tonics
• Cafe-style juice bar with a food menu and co-working space
• Smoothie shop with a build-your-own makeline where customers choose their smoothie base, ingredients, and add-ins

After you have a basic idea of your concept, you can work out the finer details of your brand. Your juice bar name, logo, menu options, and menu design are all part of your company branding and should communicate the same message.

Juice Bar Equipment And Supplies

Juice bars have unique inventory needs because fresh produce will make up the bulk of your food orders. That means youll need to find a high-quality wholesale produce supplier. Look for distributors that can supply you with local seasonal produce, but you may also need a different supplier for fruits that dont grow locally. Youll want to consider these factors when choosing a produce supplier:

• Produce Selection – Some suppliers specialize in citrus fruits only while others provide a wide selection
• Fair Trade Certified – Look for suppliers that only work with fair trade certified growers
• Farming Practices – If organic, pesticide-free produce is part of your concept, youll need to find a supplier that can meet these needs
• Specialty Items – Depending on your location, you may need to find suppliers to provide you with specialty, tropical produce

With fresh produce also comes the need for specialized storage techniques. Understanding the shelf-life of certain fruits will be key to your reordering schedule. Some fruits need refrigeration, and some fruits need to be washed prior to storage. Check out our produce storage guide for detailed information.

Your juice bar will need to be outfitted with the right equipment for storing, prepping, and juicing fresh fruits. Commercial juicers are the obvious place to start, but there are several types of juicers designed for different applications. Here is a list of equipment and supplies you’ll need to get started:

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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.

Checking Out The Juice Bar Market

With around 125 juice bar businesses across the UK, the juice bar market is still very much in the stages of development.

Originally developed in sunny Australia and the US to offer a healthy and natural alternative to fatty fast good, juice bars make delicious food and drink accessible fast and without the guilt.

And the demand for juice is certainly present in the UK, with a 2019 study finding that 54% of all 16 24-year-olds drink juice at least once a day, with one-fifth opting to drink smoothies daily.

Many franchises are present in the juice bar market, including Boost Juice and UK-based Souper Juice, founded in 2018.

Weve also seen the rise of mobile juice bars, in the form of small, compact stands that can be set up quickly and easily anywhere. TruFoo Juice Bar is one popular brand that offers this service.

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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.

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Restaurant Startup Capital And Emergency Funds

In addition to having startup capital worth at least three months of operational costs, it’s also always a good idea to have an emergency stash of funds in case of unforeseen incidents. The average startup capital necessary to open a smoothie shop is $60,000.

Its very common for smoothie shop owners to cover these costs by applying for small business loans and commercial loans, as well as by opening up a business line of credit. For more info on how to obtain funding, heres The Complete Guide to Restaurant Financing and Loans .

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