How Much Franchise Can You Afford Use Our Free Financial Calculator
- This is the estimated amount to cover an initial supply of smoothie ingredients, paper products, cleaning supplies, and retail inventory for your Unit for at least two weeks to one month of business operations, depending upon your sales level.
- Smoothie King franchisees entering new markets will likely incur higher freight costs than franchisees in established markets, and may need additional storage space and higher levels of inventory.
9. Furniture, Fixtures, Equipment, Millwork, and Graphics: $100,000 to $130,000
- This amount includes the costs of all furniture, millwork, equipment, decorative ceiling elements, graphics/artwork, light fixtures, interior menu boards, stainless sinks, shelving, and other miscellaneous items.
10. Architectural and Engineering Professional Services: $3,500 to $14,500
- The referenced amount includes estimated costs of all architectural and engineering services needed to localize the design documents into construction drawings as required by local code and governing authorities.
- The referenced amount excludes any civil, structural, or landscaping professional services.
11. Signage: $7,000 to $14,000
- This amount includes the costs of exterior building and monument panel signage.
12. Leasehold Improvements: $120,000 to $240,000
- For an inline or end cap location, this amount includes the costs to alter the existing interior space to the requirements of a Smoothie King Unit.
13. Legal, Accounting, and Organizational Costs: $500 to $4,000
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 It Takes To Own A Leading Smoothie Franchise
The following costs are excerpted from Smoothie King’s Franchise Disclosure Document and are estimated. Each Smoothie King franchise owner has the right to initially develop one store for the franchise fee of $30,000. The difference between low and high investment levels exists due to labor, location, varying store sizes, build-out costs and expenses, and your experience and management of the stores development.
Below are the financial requirements to open a Smoothie King in the United States:
- Investment Range:
- Endcap or inline location: $320,301 – $585,465
- Free-standing Drive-thru location: $723,501 – $1,184,865
Also Check: Healthy Smoothies For Dinner Weight Loss
What Might Make Smoothie King Franchise A Good Choice
Rated in Entrepreneurs Franchise 500 for franchise organizations, Smoothie King may continue to keep up its momentum. Its ranking on the Franchise 500 is based on an evaluation of more than150 data points that consist of areas in costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
In October 2020, CEO Wan Kim went on Undercover Boss to see what it was like at Smoothie King. Now that the brand has network television level recognition, it’s gained even more popularity. The company is planning to expand in many more locations.
If you want to open a franchise, Smoothie King may offer a contract agreement that typically lasts for ten years. You should ensure that you’re financially ready to cover the initial investment made up of a franchise fee and other startup costs. Inaddition, you should prepare for ongoing fees that will include royalty, advertising, and renewal fees. Excellent credit and strong business acumen are typically a must. The company may expect its franchisees to develop multiple units.
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.
Read Also: Hotels Near Smoothie King Center Nola
Attend Discovery Day And Gain Leadership Team Approval
After weeks of scheduled calls and gathering all required documents, your Franchise Development Manager will schedule your Discovery Day visit to our Home Office in Dallas, TX. This is essentially an interview process for all parties prior to being awarded a franchise. During this visit, you will receive an in-depth presentation from key departments regarding our franchise opportunity, meet our executive staff and management team, and have the opportunity to visit existing locations to experience front-of-house and back-of-house operations.
A Good Business You’ll Feel Good About Owning
“Love what you do, and youll never work a day in your life.” This old saying rings true for our Franchisees, and it could for you, too. As a Smoothie King Franchisee, youll spend your days helping people live healthier, more active lives. Youll be serving up their favorite smoothies, blended with more whole fruits and organic veggies. no artificial colors, flavors, or preservatives. Plus, youll also be serving up smiles, as you satisfy their cravings for the nutritious drinks they love. At the same time, youll be teaching your team members responsibility and the value of living a healthy and active lifestyle. All the while, building a better future for your family, through business ownership. If that sounds good, a Smoothie King franchise might be the perfect business opportunity for you.
Recommended Reading: Ninja Personal Blender For Shakes Smoothies
What Types Of Locations Fit Into Smoothie King Site Criteria
The ideal size range for a Smoothie King Franchise is generally 800-1,600 square feet. However, smaller or larger stores are an option. They’re usually located in neighborhood and community strip centers, power centers, shopping malls, universities, airports, and downtown business districts. The optimal area typically has a strong residential population, strong daytime employment, dynamic retail activity and proximity to fitness . It also has good street visibility and presence as well as good ingress and egress. We also prefer a drive-thru when possible.
Smoothie King Franchise Opportunities
Smoothie King Franchises, Inc. is a privately held Dallas-area-based smoothie franchise company with more than 775+ units worldwide.The company was founded in 1973 and is based in Metairie, Louisiana. Smoothie King Franchises, Inc. owns, operates, and franchises a chain of smoothie bars and nutritional lifestyle centers in the United States, the Cayman Islands, Korea, and Singapore.Its stores offer smoothie and healthy retail products, including sports beverages, energy bars, healthy snacks, vitamin supplements, herbs, minerals, and other sports nutrition products.
You May Like: Avocado Smoothie For Weight Loss
Facts About Smoothie King Franchise
Smoothie King Ranked #1 By Entrepreneur Magazine
In 2019, Smoothie King was ranked the #1 Juice Bar Franchise on Entrepreneur Magazine’s Annual Franchise 500 list – marking the 26th year the brand has occupied the number one spot and #22 overall. The ranking is primarily based upon costs & fees, support, size & growth, brand strength, and financial strength& stability.
Read Also: Low Carb Smoothies For Weight Loss
What Is A Smoothie King Franchise
Smoothie King Franchises are popular all over the United States. They are known for their delicious smoothies and frappuccinos. They are also well-known for their customer service. The Smoothie King Franchises are family-owned and operated. They are also well-known for their generous employee benefits.
It is a business that sells smoothies and other frozen drinks. The franchisor, named Smoothie King, offers franchises to firms or individuals who want to open a location. Smoothie King franchises typically have a minimum investment of $100,000. This system is based on a simple business model: a franchisee buys a franchise and assumes all the risks and rewards associated with running and owning a Smoothie King store.
Smoothie King Franchise For Sale
Turnkey Smoothie King Franchise for Sale is fully equipped, fully staffed and ready for a new owner! Don’t wait to become your own boss and live the American Dream! This amazing turnkey location will not last long! Unsecured lending is available for buyers with a credit score of 680 or higher and approval takes a matter of days. Sales are trending up 12% in 2022 from 2021!Smoothie King Franchise for SaleWe Sell RestaurantsThis is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.
Recommended Reading: Tropical Smoothie Cafe Lee’s Summit
Smoothie King Franchise Training & Support Offered
It offers personalized franchise training and support to its franchises. The key to success for a Smoothie King franchisee is not only having great products, but also proper training. This system has been designed for stores to be simpler to operate, with less inventory and waste, multiple revenue streams, and lower initial investment than other quick service restaurants.
From the first discovery day to the grand opening, and beyond, they are there to support its franchisees every step of the way.
Three Smoothie King Franchises For Sale With Sales Of $15 Million
Buying Smoothie King franchises for sale like these is an instant path to earnings. Sales of $854,706 in the FIRST 6 months of 2018!Smoothie King franchises for saleWe Sell RestaurantsThis is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.
Recommended Reading: Can I Order Smoothie King Online
What Are The Challenges Of Owning A Smoothie King Franchise
There are many challenges that come with owning and operating this franchise. Some of the most significant challenges include:
- Managing a high volume of customers.
- Ensuring that all franchisees are meeting the companys standards and expectations.
- Responding quickly to changes in the marketplace and consumer preferences.
- Managing a budget and ensuring that profits are maximized.
- Working to create a positive brand image for the Smoothie King franchise.
What Are The Ongoing Fees Paid To Smoothie King
Franchisees pay an ongoing royalty fee of 6% of their store’s weekly sales. An additional 3% of your weekly sales will be paid into the Smoothie King National Advertising Fund. We also require that franchisees spend an additional 2% of weekly gross sales on local store marketing. Additionally, every location currently pays a technology contribution of $200 per month.
You May Like: Best Fiber Powder For Smoothies
Is The Smoothie King Franchise A Good Investment
Smoothie King is a franchisor of smoothie and frozen yogurt franchises in the United States. As of 2019, there are over 1,450 Smoothie King stores nationwide. Smoothie King was founded in 1964 in Conway, South Carolina, by two brothers, Vernon and Ron Pope. The first store opened with just a single blender and a small freezer. Smoothie King quickly grew by 1978, there were over 100 stores. Today, Smoothie King has over 1,3500 franchise stores in the United States, with plans to open.
The Smoothie King franchise business model is more powerful than before. Its commitment to greatness maximizes the pursuit of building performance and equity for brand building for all of our franchise partners. Having been a franchisee, I take their business as thoughtfully and have converged my experience and proficiency to help you to achieve your business objectives. I vouch for you to surpass your goals and start more it stores after the success of your first store.
Does Smoothie King Offer Financial Assistance To Franchises
If you decide to own this franchise and are in need of financial assistance, the company has a number of programs available to help you out. Smoothie King offers franchisees a number of financial assistance programs, including
- A franchisee scholarship program that offers financial assistance to new franchisees who are starting out.
- A loan program that offers franchisees the opportunity to borrow money against their future profits.
- An equipment loan program.
Read Also: Good Protein Smoothies To Make
Smoothie King Franchise Information
If you are ready to become a Smoothie King franchisee, please complete our Online Contact Formand a member of our Franchise Development team will be in touch.
Your information is being collected so that we may contact you regarding your interest in a Smoothie King franchise. We do not share your information with any outside parties unless you specifically authorize us to do so.
*20% is the average EBITDA for the top 25% of traditional franchise units that submitted compete profit and loss statements to us and were in operation for the entire calendar year ended December December 27, 2021. There is no assurance , however, that you will do as well. See Item 19 of the Smoothie King® Franchise Disclosure Document for more information.
**$907,346 is the average gross sales of the top 25% of all traditional franchised units in operation for the entire calendar year ending December 27, 2021. Of the 220 units included in the average gross sales for the top 25%, 84 units met or exceeded the average gross sales.
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.
Contents
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 .
Don’t Miss: Where Can I Buy A Healthy Smoothie
How To Buy A Smoothie King Franchise
Related
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.
Smoothie King Franchise Reviews
The Smoothie King Franchise is a great choice for anyone looking for an easy business to start. With a low start-up cost and a high potential for success, the Smoothie King Franchise is a great option for anyone looking to get into the restaurant business.
The Smoothie King Franchise is a great choice for anyone looking for an easy business to start. With a low start-up cost and a high potential for success, the Smoothie King Franchise is a great option for anyone looking to get into the smoothie and juice business.
Before owning the smoothie king franchise, meet the existing franchises for reviews and suggestions.
Don’t Miss: Best Blender For Smoothies On A Budget
Smoothie King Franchise Rankings
Smoothie King is a global franchisor of smoothie and iced coffee franchises. The company was founded in 1973 and has over 1,300 restaurants in over 40 countries.
The Smoothie King Franchise Rankings and achievements are
- #1 Juice Bar franchise for 27 years by Entreprenuer.com
- Franchise Business Review awarded Smoothie King-Top Franchises Satisfaction award for 2022.
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.
You May Like: Whats In A Green Smoothie