How Much It Cost To Open A Tropical Smoothie Franchise
- Investment: $254,000 $385,000
- Franchise Fee: $15,000 $30,000
$75,000 is required in available capital if you want to become a franchisee. Tropical Smoothie Cafe expects new franchisees to have a net worth of at least $100,000. The low end of the total investment required to open a new franchise is $254,000. $385,000 is the maximum that someone opening a location should expect to invest.
New franchisees pay Tropical Smoothie Cafe a franchise fee of $30,000 for the first Cafe, $20,000 for every additional Cafe, and ,000 for qualified Veterans. This fee covers your training, plans for building out the Cafe, access to the systems, technology, operational support and more. Franchise agreements last for 15 years.
Each Cafe pays 6% toward royalty fees, 3% toward national marketing, and 2% towards local store marketing based on gross sales.
Trainings That Will Be Provided
Tropical Smoothie Café has always believed in setting up their own franchisees for success. They provide different kinds of training which includes: a four-week training program, consisting of two weeks in a nearby Cafe, one week in a classroom setting at their Support Center in Atlanta, Georgia and one week onsite for your Grand Opening.
Franchise Location and size
If you are considering a Tropical Smoothie Cafe franchise, these are some of fees you should take note of
Incentive Referral Program
Eat Better Feel Better Its Our Mantra
Todays consumers are embracing healthier food options and more active lifestyles. Tropical Smoothie Cafe is ready to satisfy the cravings of our health-conscious, flavor-craving guests. To keep up with them, we opened 124 Cafes in 2019, and have been recognized as one of 2019s fastest-growing franchises by Entrepreneur and Nations Restaurant News.
- 5+ multiple revenue streams with drive-thru, delivery, curbside pickup, online and mobile app ordering
- $9.47 average ticket per person thanks to our balanced mix of smoothies and food that supports all dayparts
- 840+ locations coast-to-coastwith 486+ opened in the last 5 yearsfeeds the demand of our loyal customer base
- 213 new agreements signed in 2019, with 60% coming from existing Franchise Owners
- Ranked one of the best by the best. Entrepreneur #18 Franchise 500 , Franchise Times #17 Fast & Serious Smartest-Growing Brands , Franchise Business Review Top 40 Franchises by Franchisees
Challenges Of Tropical Smoothie Cafe Franchise
Unfortunately, Tropical Smoothie Cafe LLC does not offer financial assistance or any future promise of financial aid. This fact may put a damper on your excitement, however, it is important to remember that opening a TSC outlet is actually less expensive than many other big brand franchises. Since it is relatively smaller than most fast-food restaurants, the franchise and starting fee for Tropical Smoothie Cafe is a bit lower than others.
The franchiser requires a 15-year contract agreement to be signed before opening your first outlet. This means that you are committed to Tropical Smoothie Cafe for well over a decade. Although this agreement may seem lofty, your outlet will surely succeed with the help of ongoing business training from the TSC headquarters. This ensures commitment to the company but can be binding for those who find that this is not for them.
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An additional challenge is the immense time commitment needed for initial business training. Training of about three-four weeks on-site and at the Support Center in Georgia make this on-boarding process long and grueling. After these weeks of classroom and on-site education, an additional ten days will be spent at your outlet location for further learning. None of this training is paid for, however, entering your opening day armed with business knowledge will help you succeed even more than before.
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In 1997 The Tropical Smoothie Franchise Development Corporation Was Founded In Destin Florida
How much do smoothie king smoothies cost. Appreciate the investment required for a juicy bar franchise. There are three size options to choose from on the smoothie king menu, and each one of these is priced the same regardless of which smoothie you buy. On one occasion, andrew has consulted for a business owner that invested $400,000 starting a single location.
There is a $30,000 franchise fee, and you must have at least $100,000 years in cash. This is the most important factor when deciding how much to charge. Meals, lunch, dinner, drinks and kids menu.
Kids cup provide smaller portions that are perfect for children, most of which cost $3.19. If it is your first time to franchise smoothie king, the company will charge you $30,000 for each unit. it is actually something that is very hard to make money off of..
The rapidly growing industry is expected to outgrow $3 billion in 2021. You can have at least 3 units. Smoothie king franchise startup cost is around $20,000 up to $30,000.
Soon enough, franchised locations opened. You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc. How much does food cost?
Smoothie king menu prices begin at $4.99 for a small, $6.99 for a medium and $7.99 for a large. $7.29 the shredder 40 oz. The cost will be at least $25,000 each unit if you have already 3 units still operating and you want to add more.
Why Consider Tropical Smoothie Cafe Franchise
More often than not, prospective franchisees want to find out what a franchise opportunity holds before making a decision.
For the Tropical Smoothie Cafe franchise, there are several. These range from its opportunity, demand, its menu offerings as well as its ease of operation.
Lets focus on each of these, shall we?
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Things You Need To Know About The Tropical Smoothie Cafe Franchise
Secures Up to $20 Million in Available Franchisee Financing Through ApplePie Capital
1. During the last week of March 2018, Tropical Smoothie Cafe announced that, in order to drive continued expansion across the U.S., it was working with ApplePie Capital to offer new and existing franchisees access to up to $20 million in debt capital.
2. Charles Watson, chief development officer of Tropical Smoothie Cafe, said, Tropical Smoothie Cafe is committed to helping our franchisees grow and prosper, and we are excited to launch this program with ApplePie. They are franchising professionals who understand the needs of our franchisees to help foster their growth.
3. Watson added, ApplePie recognizes our business model and has developed a dedicated lending program to address the financial needs of our franchisees, whether they are looking to open new locations, acquire capital for acquisitions or remodels, or looking for assistance with refinancing. Their decision to allocate $20 million to Tropical Smoothie Cafe franchisees will help us achieve our accelerating expansion efforts in key target markets across the U.S. and reach our goal of 1,000 locations by 2020.
4. Interested franchisees can receive a free consultation by contacting ApplePie on the Tropical Smoothie Cafe section of its website.
Accelerates Development in the Midwest
Appoints New Senior Vice President of Supply Chain and Quality Assurance
Entrepreneurs Franchise 500
Tropical Smoothie Cafe Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Tropical Smoothie Cafe franchise is right for you.
If you truly want own a Tropical Smoothie Cafe franchise, get all the information you can from Tropical Smoothie Cafe and secure a qualified advisor who has experience helping people like you purchase franchises.
You may also want find that gaining a better understanding of the terms related to franchising would be helpful. If so, you may want to visit A Glossary of Franchise Terms.
Make sure that owning a Tropical Smoothie Cafe franchise fits in with both your skills and life style objectives. If you dont want to work evening and weekends, dont purchase an ice cream shop. If youre an introvert, dont buy a franchisee that requires you to be extroverted.
Are you interested in more questions to ask Tropical Smoothie Cafe franchisor, Tropical Smoothie Cafe franchisee, or even yourself? Get to know the terms.
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Does A Tropical Smoothie Cafe Franchise Make Money
A critical part of your due diligence is to build an estimated P& L and see what the numbers might look like if you become a Tropical Smoothie Cafe franchisee. Reading Chapter 13 of The Educated Franchise teaches you the secrets of this key step.
The decision making tools in Chapter 15 of The Educated Franchise and in Step 13 of The Franchisee Workbook shows you how to honestly evaluate whether or not buying a Tropical Smoothie Cafe franchise is the right move for you.
If youre serious about becoming a Tropical Smoothie Cafe all franchisee and want to explore owning a Tropical Smoothie Cafe franchise, take the best first step you can and grab your copy of The Educated Franchise today!
Sba Loan For Tropical Smoothie Caf Details
Please visit the SBA Loan Franchise Directory for the latest details on each franchise and its SBA loan eligibility.
Vetted Biz has reviewed the SBA Loan Data for Tropical Smoothie Café. Tropical Smoothie Café is available for SBA financing. Tropical Smoothie Café’s SBA Franchise Identifier Code was issued on October 1, 2017. Tropical Smoothie Café also meets the Federal Trade Commission’s definition of a franchise.
SBA Loan Information
Detailed Sba Loan Data Request
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Tropical Smoothie Caf Franchise Cost Breakdown
Now, lets jump into the full breakdown of Tropical Smoothie Cafe franchise cost. Lets see if buying a franchise of a smoothie cafe business makes sense. Take note that the details below are a compilation from Tropical Smoothie Cafe franchise cost.
|Name of Fee
Here are the obligations and restrictions:
- For an individual franchise, the owner must supervise the business operations.
- Meanwhile, for corporations, the designated owner must supervise the daily business operations after completing all training programs.
- The franchisee must never sell or offer products or services unless approved by the franchisor.
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Tropical Smoothie Franchise Opportunity
TropicalSmoothie Franchise Opportunity TSC franchisees understand the importance of incredible customer service and community outreach. And Company gives value to innovation, creativity, and a competitive mindset.
- Its a fun, friendly concept with an excellent business model with a smoothie and food menu that support day by day
- over 37% increase sale of product over the last 5 year, so its excellent opportunity
- Franchise has a loyal customer based at 700+ locations in the last 5 years
- jumping spots in ranking of the best franchise deals in the food industry.
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Can Owning A Franchise Make You Rich
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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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.
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Insurance For Franchisees Made Simple
Why are franchisees across America choosing ApplePie to fund their growth? Get The Scoop
Get expert advice on franchising
Products and services are provided by the ApplePie Capital family of companies which include ApplePie Capital Funding Solutions, LLC, and ApplePie Capital Inc. ApplePie Capital Funding Solutions, LLC brokers loans through its network of lenders lenders independently determine loan availability and terms.
ApplePie Capital, Inc. offers its own branded loan product, ApplePie Core, which is made by Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC. Actual loan terms depend on credit, income, loan maturity, and other factors.
At ApplePie Capital, we are committed to fair lending. We make our commercial credit products and services available to all qualified applicants on a consistent and fair basis. ApplePie Capital does not condone or tolerate discrimination against any applicant on any prohibited basis under the Equal Credit Opportunity Act or any applicable state or local law. Fair lending principles are integrated into our corporate policies, lending operations, staff training, marketing efforts, and third-party lending relationships.
Franchise Forum is provided by ApplePie Capital Funding Solutions, LLC.
ApplePie Capital is a registered trademark of ApplePie Capital, Inc.
Tropical Smoothie Caf: The Details
The smoothie business started in 1997 in Atlanta, Georgia. The franchisor is under the name Tropical Smoothie Café LLC with an estimated 900 units. It offers various handcrafted premium smoothies made with select fruits and vegetables blended in the café using its proprietary recipes. Aside from smoothies, the café also sells bowls, flatbreads, specialty sandwiches, and wraps.
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Tropical Smoothie Caf Is A Big Hit At Bluhawk
Theres a lot going on at Bluhawk, the new mixed-use development thats in mid-construction in Overland Park. With a planned sports park and immersive outlet retail, and quite a few places already open for business, theres a sense of excitement in the air. Nick Patel, whose Tropical Smoothie franchise recently added a store here, offers a perspective on what its like to open during this burgeoning phase.
Section V Financial Performance Representations And Analysis
- The following tables provide historical sales information for Tropical Smoothie Cafe franchised stores that were open at least one full year as of: the calendar year 2017 for 494 Stores the calendar year 2016 for 412 Stores and the calendar year 2015 for 358 Stores.
- The tables do not include any financial performance information for any other types of franchises, such as non-traditional locations or seasonal locations, and do not include any franchises of any type that had not been open for at least one year on December 31, 2017, December 25, 2016, and December 27, 2015, respectively.
- The information presented is not a forecast of future potential performance.
- For purposes of the tables below, Net Revenue means all revenue related to the sale of products and performance of services at the Store, whether cash or credit, and regardless of collection in the case of credit, and income of every kind or nature related to the Store, less any discounts. Net Revenue does not include bona fide refunds to customers, revenues from sales taxes or other add-on taxes collected from customers by you and actually transmitted to the appropriate taxing authority, sales of used equipment not in the ordinary course of business, or sales of gift cards or similar products .
- The tables provide the average and median net revenues for the following categories of Stores in 2017, 2016, and 2015 on a category and cumulative basis:
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Our Nutritious Food And Smoothies Are Fueling Healthy Growth
The huge demand for healthier food choices drives business to our doors. What keeps people coming back is the Tropical Smoothie Cafe experience. Its our unique combination of irresistible food, a cool beachy vibe, and fun, friendly service.
What clearly distinguishes Tropical Smoothie Cafe from the competition is our balanced mix of smoothies and food, serving multiple dayparts: breakfast, lunch, dinner, dessert, and snack and multiple revenue streams like dine-in, drive-thru, delivery, and catering. That mix helps drive our average ticket sales and average net revenues of $982,486 for the top 50% of our Franchise Owners.*
*Top 50% of Cafes. Based on calendar year 2019, 120 of 326, or 37%, of the Cafes gained or surpassed this sales level. This information appears in Item 19 of our Franchise Disclosure Document. Your results may differ. There is no assurance that you will do as well.
Basics Of A Tropical Smoothie Cafe Franchise
If youre thinking about buying a Tropical Smoothie Cafe franchise, there are many things to consider before signing on the dotted line. Becoming a Tropical Smoothie Cafe franchisee is not a guarantee of success, but rather a blueprint that can assist you in achieving success. Given the correct market conditions, skills and dedication, being a Tropical Smoothie Cafe franchisee might be financially rewarding.
Owning a Tropical Smoothie Cafe franchise is a serious commitment and works best when you make a thoughtful, educated decision.
- Just because you love Tropical Smoothie Cafes products or services doesnt mean that you will be able to successfully operate a Tropical Smoothie Cafe franchise.
- Being emotionally attached to the idea of becoming a Tropical Smoothie Cafe franchisee is not a state of mind in which you can effectively evaluate an opportunity.
- Your positive experience as a customer of Tropical Smoothie Cafe should not form the basis for deciding to become a franchisee.
As an example, just because you love Big Macs doesnt mean that you should become a McDonalds franchisee.
Are you looking for some free resources to help you determine if a Tropical Smoothie Cafe franchise is for you?
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