Smoothie King Franchising Guide
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
Is The Smoothie King Franchise For You
If youre interested in food and healthy living, then Smoothie King could be a good choice. Current wage squeezes are creating uncertainty for the restaurant sector, but Smoothie Kings financial transparency means that you have a better idea of what youre getting into and what your potential earnings are.
If you want to explore the franchise in more detail, or compare it with other franchises, then to access our detailed reviews and comparison tools.
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.
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When Was Smoothie King Founded
Smoothie King started offering franchises in 1988. Smoothie King was founded 49 years ago in 1973.
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!
Higher Cost Of Investment As Compared To Other Brands
The total investment, franchise fee, and other investment costs to buy a Smoothie Kings franchise are much higher than other brands, making it challenging to buy. A few major investments to purchase its franchise are as follows:
- Liquid Capital- $100,000
- Total Investment- $269,550 to $845,985
- Furniture Fixtures and Equipment etc.- $115,500
- Leasehold Improvements- $428,535
- Grand Opening Advertising- $15,000
The Operating Fee is 6% of total sales with a $30000 minimum monthly fee. The National Marketing Fee is about 3% of sales revenue. Smoothie King is entitled to raise the marketing fee to 5% of total sales upon notice of 60 days. Besides, several other charges are there that you must consider and look through before buying a Smoothie King franchise.
To evaluate the accurate profit of Smoothie King Franchise owners, watch the video below, which gives you the potential financial model of how much profit is earned by any franchise owners after making investment and operation costs.
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What Is The Best Source For Researching The Smoothie King Franchising Opportunity
Each qualified candidate receives a copy of the Smoothie King Franchise Disclosure Document , which provides the following information and more: franchisors financial statements, copy of the franchise agreement, copy of the area development agreement, list of existing franchisees to contact, cost breakdowns, advertising fees, royalties, and initial franchise fees.
What Is The Smoothie King Franchise Failure Rate
Smoothie King franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!
Smoothie King failure rate over the past 3 years is 7%. Over the last year we have data for, Smoothie King had a franchise failure rate of 3%.
Without a comparison, this number doesnt mean much. Compare how the Smoothie King franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Smoothie King. More info in the Smoothie Kingmetrics tab.
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How Much Does It Cost To Open A Typical Smoothie King Location
The estimated initial investment for an inline or end-cap store can be between $268,900 and $555,965 . The estimated initial investment for a free-standing drive-thru store can be between $589,300 and $858,900. Your costs could be significantly higher depending on a number of factors, including your location. Please refer to theInvestment Page or Franchise Disclosure Document for additional details.
How Do I Start A Small Smoothie Business
Steps to Starting a Smoothie Business Step 1: Write Your Business Plan. Step 2: Form a Business Entity. Step 3: Name the Business. Step 4: Select Your Location. Step 5: Register for Business Licenses and Permits. Step 6: Find Financing. Step 7: Open a Business Bank Account. Step 8: Get Your Marketing Plan in Place.
If you are considering a Smoothie King franchise, dont get blindsided by these 25 important franchise fees .
- All fees are payable to Smoothie King and apply to the Franchise Agreement. The fees are non-refundable. Occasionally, Smoothie King waives or reduces certain one-time fees. Otherwise, the fees are uniformly imposed unless otherwise noted.
- During the term of the Franchise Agreement, Smoothie King may offer optional services not currently contemplated for which Smoothie King may charge a fee.
- All fees apply to both Traditional and Non-Traditional locations unless otherwise noted.
1. Initial Franchise Fee Traditional Location: $25,000 to $30,000
- You will pay a $30,000 lump sum initial franchise fee when you sign the Franchise Agreement.
- If you are an existing franchisee in good standing and meet Smoothie Kings qualifications, Smoothie King may approve you to develop an additional Unit.
- If you are an existing franchisee in good standing and meet Smoothie Kings qualifications, Smoothie King will offer you a reduced initial franchise fee equal to $25,000.
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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.
How Much Is A Large Smoothie At Smoothie King
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Accordingly, how expensive is Smoothie King?
Smoothie King Menu
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Additionally, what is the healthiest smoothie at Smoothie King? After scouring the Smoothie King nutritional information page, here are the four healthiest options I found for when you just need a pick me up.
- Slim-N-Trim Orange Vanilla. This smoothie has 208 calories for a small size, and only 1 gram of fat.
- Pure RechargeâMango Strawberry.
Similarly, how much is a large smoothie at Mcdonald’s?
McDonalds Menu Price Categories
What sizes does Smoothie King have?
Calories:- 20 oz: 300, 32 oz: 450, 40 oz: 600), Blueberry Strawberry , or Chocolate .
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How Much Profit Does A Franchisee Of Smoothie King Make Per Year
Smoothie King outdoor shop.
According to Glassdoor, a Smoothie King franchise owners average salary in 2020 would be $42,337 $46,085. This figure is a reported average, thus there could be a wide range of salaries. From an ownership perspective, it can also be advantageous from a tax perspective to earn less annually. We have to rely on what other franchise owners report making because Smoothie King does not post any form of expected franchise owner payment.
I suspect the real average revenue of an owner per unit is around $100,000 and not whats being reported on Glassdoor. Its hard to believe that this franchise would still be in business of ownership made less than $50,000 in annual profit.
As a Smoothie King franchisee, your profitability is determined by a number of factors. Food costs, labor costs, commercial lease rates in your area , local product demand, and how well you manage your operations are some of these aspects. In addition, the amount and scope of your investment will also have a big impact on profit.
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A Statement Of Average Net Sales For 2019 2018 2017 2016 2015 And 2014
- The six tables below provide information on average Net Sales of Units during each of the 12-month periods starting January 1, 2019 and ending December 30, 2019 January 1, 2018 and ending December 31, 2018 January 1, 2017 and ending December 31, 2017 starting January 1, 2016 and ending December 31, 2016 starting January 1, 2015 and ending December 31, 2015 and starting January 1, 2014 and ending December 31, 2014.
- The term Net Sales is defined as all products and services sold in or from the Unit, including off premises catering and delivery, but excluding excise or sales taxes, as well as returns, allowances, and discounts.
- The data below is a representation of average Net Sales for Units broken into nine segments: top 10%, top 25%, top 50%, top 75%, bottom 10%, bottom 25%, bottom 50%, bottom 75%, and total/all.
- Net Sales information is provided on Units open for the consecutive 13-month period ending on December 30, 2019, and on December 31st for all other years presented, including those Units closed for a period of less than 8 weeks for remodeling purposes.
- Units presented exclude those Units not scheduled to be open daily throughout the period , such as Units within office buildings that close for the weekend and Units on college campuses that close for the summer period.
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How Much Is A Smoothie King Franchise How Much Does A Smoothie King Franchise Make + Other Faqs
Smoothies have a reputation as a healthy food, and Smoothie King has leaned hard into that image. Since being singled out for its unhealthy products in 2013 by the Center for Science in the Public Interest, the company has pushed hard to rebuild its image as a provider of health and vitality. Its clean blends initiative banishes certain additives from its products, and the company sponsors the Smoothie King Center, home to the NBAs New Orleans Pelicans. Its a company selling itself on health and wellness, ideal for a franchisee who shares those interests.
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Financial Requirements Of Opening A Smoothie King Franchise
According to Smoothie King FDD, here are major fees to expect when acquiring this franchise. However, note that all fees are payable to Smoothie King and apply to the Franchise Agreement. The fees are non refundable. Occasionally, Smoothie King waives or reduces certain one time fees, otherwise the fees are uniformly imposed unless otherwise noted.
Also note that during the term of the Franchise Agreement, Smoothie King may offer optional services not presently contemplated for which Smoothie King may charge a fee. All fees apply to both Traditional and Non Traditional locations unless otherwise noted.
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Refreshing Juice Bar Franchises To Consider
The juice bar industry is thriving. According to IBISWorld, the juice and smoothie bar industry brings in about $2 billion per year and is experiencing a steady rate of growth.
That growth could also be due in part to the thriving fitness industry. Consumers are becoming increasingly concerned with health and wellness. So juice and smoothie bars naturally fit into that niche. If youre interested in being a part of that growing industry, here are some juice bar franchise opportunities to consider.
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.
Overall, the franchised Smoothie King units have been growing at a much faster rate than the corporate owned units. Even in 2020, with the COVID-19 pandemic, there was a net positive change in the number of units. Furthermore, there are significantly more Smoothie King franchises than corporate owned units, proving that the franchisor has invested a lot of their resources into their franchise system.
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Subsequently Who Is Smoothie King Owned By
Wan Kim In July 2012, Smoothie King co-founders, Steve and Cindy Kuhnau, sold the brand to SK USA, Inc., headed by CEO Wan Kim, a successful franchisee with more than 100 stores throughout South Korea. Keeping this in consideration, how much do they pay at planet smoothie? Planet Smoothie Salaries Job Title Salary Smoothie Maker salaries – 7 salaries reported $9/hr Barista salaries – 6 salaries reported $10/hr General Manager salaries – 4 salaries reported $14/hr Crew Member salaries – 4 salaries reported $10/hr 16 more rows
7 Simple Marketing Ideas To Promote Your Coffee, Smoothie, Juice or Dessert Shop Define Your Marketing Goals. Nail the Shop Promotion Basics. Offer Discounts Strategically. Be Easily Found Online. Make Every Day Special. Reward Repeat Customers. Share the Love Locally.
What Is A Juice Bar
A juice bar is a shop that sells fruit and vegetable juices that are freshly squeezed on the premises. Most juice shops occupy a small footprint because they don’t require a full kitchen or a seating area. Kiosks, juice carts, and juice food trucks are all popular models for a juice and smoothie shop. The rising popularity of healthy juices and the low start-up cost make juice shops an appealing business venture.
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Build A Juice Bar Branding Strategy
To successfully open a juice bar business, you will also need a branding strategy and marketing plan. Youll want to develop a logo, color scheme, and a plan for attracting customers to your business. For most local stores, effective marketing strategies involve a combination of digital and offline tactics. But the basics include designing a logo and creating a website.
Is Smoothie King A Good Business
Founded in 1973, Smoothie King has evolved into a lifestyle brand inspiring people to live healthy and active lifestyles via nutritious, great-tasting smoothies. The franchise earned the No. 1 ranking in the smoothie/juice bar category, and No. 14 overall, on Entrepreneurs prestigious Franchise 500 list in 2020.
This annual list of the best smoothie and juice bar franchises was revised and updated on December 28, 2020.
Though juices have been around for centuries, and smoothies have been with us since the invention of the blender, specialist businesses serving them have taken off in a big way in the 21st century. As people have sought ways to enjoy the pleasures of novel takeaway food while improving their health, smoothie and juice bars have become widespread, with thousands set up across the USA and beyond.
While most food franchises appeal to the traditional takeaway market, with foods that are high in fat, salt, and carbohydrates, smoothie and juice bars are built on a very different sort of demand and cater to a very different customer base. Their customers are more likely to be seen in a Whole Foods store or a gym than a burger joint. Like any food outlet, theyre offering flavor, novelty, and convenience, but theyre also selling something more health. Offering a way for customers to consume their way to a healthier life, smoothie and juice bars make it easier to be and feel healthy.
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