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.
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.
Average Net Sales Of Usa Units December 31 2019 To December 28 2020
Based on the median sales provided by Smoothie Kings franchise locations for 2020, at an average of a 15% profit margin it will take around 10 years to recoup your investment. This is longer than other franchise opportunities. You may not get a 15% profit margin which would elongate getting a return on your investment.
Based on the median sales provided by Smoothie Kings franchise locations, at an average of a 15% profit margin it will take around 8.75 years to recoup your investment. This is longer than other franchise opportunities. You may not get a 15% profit margin which would elongate getting a return on your investment.
Many factors affect the sales, costs, and expenses of your Franchised Store. Such as the Franchised Stores size, geographic location, menu mix, and competition in the marketplace. The presence of other Food and Beverage stores the extent of market penetration and brand awareness that Smoothie King stores have attained in your market. Also, the quality of management and service at your Franchised Store are major factors.
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.
Is Smoothie King A Franchise In The United States
According to the SBA, Smoothie King meets the Federal Trade Commission definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document containing 23 items about the franchise, its officers, and other franchisees. Be sure that Smoothie King provides you with an FDD if you are in discussion to buy a Smoothie King.
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 For Sale
Smoothie King is a private Franchise Company and it has established itself as the premier Smoothie Bar Centre in the industry. The company offers its customers the finest and original nutrient-rich fruits and freshly blended smoothies.
They are not only involved in the sales of smoothies, each of their Lifestyle Centre offers healthy retail products to their numerous customers such as healthy snacks, energy bars, vitamin supplements, minerals, herbs, and sports nutrition products.
The company has since 1989 being named the top smoothie franchise company for 16 different years. You can now understand why you want to know how much is a Smoothie King Franchise?
ABOUT THE COMPANY
At a time when so many doctors visitations had done nothing to Steve Kuhnaus allergies, his nurse began to study and get more information on nutrition and hoping that a change in his diet would assist him to recover from his symptoms.
He then began to eat fresh foods and cutting fat out of his meals and then the miracle popped up. Kuhnau began to feel better and then decided to begin the quest to combat his midday fatigue which was caused by hypoglycemia, with his expertise and the drink mixture experience he gathered while in high school, he then began to experiment with protein shakes.
DOES SMOOTHIE KING SELL FRANCHISE?
The simple answer to that question is yes.
This is one important factor to determine your buying into the Smoothie King Franchise opportunity.
SMOOTHIE KING FRANCHISE OFFER
How Much Does It Cost To Open Smoothie King Franchise
Do you want to open a juice bar business by buying Smoothie King franchise? If YES, here is how much it cost to open a Smoothie King franchise successfully. The juice and smoothie bar franchise segment in the United States is ripe for investment. The rapidly growing industry is expected to outgrow $3 billion in 2022. For smoothie bars, high product demand, coupled with low overhead costs and simple operations, can align together to create an unparalleled business opportunity.
Many prospective smoothie bar owners seek out turnkey franchise models, which offer them a pre-determined investment range that clarifies initial expenses and ongoing operational costs. However, Smoothie King is here to offer that and a lot more.
Smoothie King is a privately held New Orleans, Louisiana based Franchise Company and it is the premier Smoothie Bar and Nutritional Lifestyle Centre in the industry. Smoothie King Centres offer their guests the industrys first and original nutritional fruit and function-based fresh blended smoothies.
Each Lifestyle Centre also offers healthy retail product solutions in sport beverages, energy bars, healthy snacks, vitamin supplements, and herbs, minerals, and sports nutrition products.
Right from 1989, Smoothie King was been proclaimed #1 franchise in their category 16 times. Smoothie King has about 600 locations operating in the continental US and Seoul, Korea and is presently developing additional stores across the United States.
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Smoothie King Franchise Facts
Fitness & Gyms
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.
In 2003, to commemorate Smoothie Kings 30th anniversary, the company opened their first foreign outlet in South Korea. Almost a decade later, Kuhnau sold Smoothie King to SK USA, Inc., the same firm that established the first Smoothie King outlet in South Korea in 2003.
After the acquisition, Smoothies Korea CEO Wan Kim who shares Kuhnaus passion for spreading excellent health, took over as CEO of Smoothie King. Steve Kuhnau remains with the Smoothie King company as a consultant and brand ambassador, spreading his love for health and wellness.
Not Sure What Franchise to Start? Take Our 7-Minute Franchise Business Quiz!
Learn More About Our Nationally Recognized Smoothie Franchise
Smoothie King embraces a connected franchise culture that focuses on helping consumers lead healthier lifestyles. We appreciate your interest in our brand and what we do for our communities. Our support team members have provided answers to commonly asked questions below and would be happy to address any additional questions you may have about our unique Smoothie franchise opportunity.
Dont hesitate tocontact us with any additional questions you may have. Our friendly franchise support team members look forward to connecting with you!
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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.
Smoothie King Salary Faqs
The average salary for a Franchise Owner is $72,286 per year in United States, which is 59% higher than the average Smoothie King salary of $45,429 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.
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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.
Top Smoothie Franchises: Is The Investment Worth The Costs
If you are an entrepreneur with an appetite for success, jumping into the health and wellness food industry may feed that hunger. The industry is experiencing tremendous growth and is currently valued at more than $800 billion. The trends indicate that healthy bowls and smoothies are thriving.
If youd like to be a part of this burgeoning industry, partnering with an established franchise is the less risky venture as a business owner. Your investment will allow you to set up your smoothie shop by partnering with a brand with a proven business model, giving you the necessary training to succeed. In addition, you have the advantage of working with a familiar brand, with name recognition to help build your customer base.
What to Look for Before Deciding on a Franchise
Before you invest, compare prices and determine the best brand that fits your lifestyle and your budget. While you may feel certain smoothie franchise costs appear expensive, the determining factor is your ROI. In other words, is your overall investment worth the cost. You should also determine what those costs are actually purchasing. Find out if the franchise fully equips franchisees with the know-how to operate a successful shop. Look at the franchise training and on-going support.
If you are interested in partnering with a big named smoothie franchise like Smoothie King, Tropical Smoothie Café or Robeks, you may learn that a smaller, growing, healthy food franchise like SoBol is a better buy.
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Zaxbys Franchise Cost: How Much Does It Take To Become A Zaxbys Franchisee
Zaxbys fast food restaurants have seen their fair share of popularity in recent years, as they offer tasty chicken and even tastier fries . If youre thinking about opening your own Zaxbys franchise, you might be wondering how much money it would take to get started. Keep reading to learn more about Zaxbys franchise cost and processes.
Number Of Units Opened/closed
At the end of 2018, there were 871 Smoothie King franchised units for a net change of +84 units.
At the end of 2019, there were 931 Smoothie King franchised units for a net change of +60 units.
At the end of 2020, there were 968 Smoothie King franchised units for a net change of +37 units.
At the end of 2018, there were 29 Smoothie King corporate owned units for a net change of +1 unit.
At the end of 2019, there were 38 Smoothie King corporate owned units for a net change of +9 units.
At the end of 2020, there were 40 Smoothie King corporate owned units for a net change of +2 units.
At the end of 2018, there were a total of 900 Smoothie King units for a net change of +85 units.
At the end of 2019, there were a total of 969 Smoothie King units for a net change of +69 units.
At the end of 2020, there were a total of 1008 Smoothie King units for a net change of +39 units.
These metrics show that the Smoothie King franchise system is stable and has a lot of potential for growth. Furthermore, there is a lot of operational support for franchisees, given that most of the Smoothie King units are franchised.
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How To Buy A Smoothie King Franchise
Blend your enjoyment of delicious smoothies with your business savvy and consider buying a Smoothie King franchise. The company has been in business since 1973, starting as a vitamin shop, and currently ranks as one of the top franchises in the country. A Smoothie King franchise offers several advantages to new business owners, including a successful business model and national branding as a company that sells healthy products. Additionally, they sell the products and supplies to franchisees without any mark-up. This helps you to increase your Smoothie King franchise revenue and profits.
Intelligent Marketing And Technologythat Build Guest Affinity
We implement smart marketing tactics to attract new guests and keep regulars coming back. From your very first day as a Smoothie King franchisee, you’ll have the power of our well-loved brand – a leader in the nutritional smoothie segment. You’ll also have more than 75 delicious recipes and a wide range of quality retail products. Our marketing team will back you with branded in-store and outside promotional materials, local marketing tools, colorful retail merchandising displays and a strong online presence showcasing our products and brand at SmoothieKing.com.
- New product launch support
- Territory specific experienced field support
- 3rd party delivery, online ordering
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Smoothie King Franchise Cost In 2022 Worth Profit Potential
Free Download Our Exclusive Healthy Food Industry Guide
This article is based on its 2022 FDD
Smoothie King franchise Inc. is an American smoothie company. Smoothie King franchise primarily sells custom blend smoothies and other related nutritional products in order to propel active and healthy lifestyles.
Smoothie King was founded in 1973 in Kenner, LA by Steve and Cindy Kuhnau. As of 2012, Smoothie King was still a privately held company. Wan Kim a South Korean Smoothie King franchisee since 2002 bought the company from the Kuhnaus. Kim acquired US$58 million from the Standard Charter Private Equity and the National Pension Fund to grow the company. To succeed in growing the company, Kim had several ideas for Smoothie King. He planned to open 800 new franchises and the companys first 200 corporately-owned stores. Kim also planned to experiment with selling salads and wraps at these latter locations .