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!
Comprehensive Guidance With Your Smoothie Franchise
As an experienced franchise brand with 48+ years of proven history, we have perfected our training and support techniques over the years. Because weve found that thorough training is a huge key to your success, well give you complete training on all things Smoothie King and bestow our knowledge unto you in three phases. As a franchisee, you will have access to our comprehensive intranet for all your operational, training, and support needs.
Of course, we dont stop there. Well also back you up with ongoing support. From your very first day as a Smoothie King franchise owner, youll have the full support of over 1300+ stores and our Smoothie King Corporate Team. Youll always have someone ready to answer any questions you may have. And well always be there to help you make your business the best.
Are you ready to be a part of our thriving brand and sustainable culture?Contact us today to get started.
How Does Smoothie King Manage Franchise Operations
You will have a large company behind you, and with the benefits of a small business, it believes that the only way to optimize its franchise business model is to keep a close eye on the metrics that drive unit performance. They have excellent point-of-sale , web, and intranet technologies to build new efficiencies and organize the information that can help Smoothie king franchises manage their resources and work to grow their businesses.
Smoothie King has smart marketing tactics to attract new customers and keep regulars coming back. From your very first day as a Smoothie King franchisee, youll have the power of a large company behind you, but with the simplicity of a small business.
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How Much Does A Franchise Owner Of Smoothie King Make
It is difficult to estimate exactly how much a franchise owner of Smoothie King would make, as a number of factors can affect the amount of profit generated by the business. Some of these factors include location, size of the store, customer base, competitive landscape, product selection and pricing, and marketing efforts.
Additionally, the success of a business depends largely on the business owners dedication and commitment to the company.
The amount of money a Smoothie King franchise owner stands to earn can vary significantly from store to store. Generally, however, the average net profit generated by each store is estimated to be around $150,000 to $200,000 annually.
However, this can range from as low as $80,000 to as high as $400,000 per year, depending on the individual stores performance.
Smoothie King also provides franchisees with a detailed royalty fee structure which pays franchise owners a percentage of their total revenues. The royalties rate is currently set at 5. 5% for the first $500,000 of annual sales, and then drops 0.
5% thereafter, with a cap at 8. 0% of total sales. Franchisees also receive an additional 1. 5% of total sales which is directed to a marketing fund. Ultimately, how much a Smoothie King franchise owner makes depends on the stores location, size, total sales volume and the efforts of the owner to successfully manage and promote the business.
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Ceo Elected To Ifa Board
Rotondo was elected to the International Franchise Association Board of Directors in November 2016. He will officially join the board on Feb. 1, 2017, at the IFAs 57th annual convention in Las Vegas, Nevada.
Over the past five years, Rotondo has increased Tropical Smoothie Cafes average unit volume by more than 50 percent.
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.
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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, youll have the power of our well-loved brand a leader in the nutritional smoothie segment. Youll 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
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
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What Is The Average Profit Margin For A Fruit Smoothie
Juicing, which includes both fruit and vegetable beverages, has become a $5 billion business and it is projected to grow by about 4 percent to 8 percent per year, according to Barrons. A large portion of that business consists of fruit smoothies, which are especially popular in warmer climates. Fruit smoothies are a popular drink for college and high school students, often replacing meals for a quick pick-me-up in between classes. However profit margins vary widely in the smoothie business, dependent on business operations and management and ingredients used to concoct the smoothie recipes.
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.
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Can You Get Rich Owning A Franchise
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.
Advantages Of Tropical Smoothie Cafe Franchise
One of the many advantages of owning a Tropical Smoothie Cafe is the in-depth training managers, owners, and employees go through. After you pay the training fee, you will be able to access the TSC LLC systems, technology, operational support, and Internet services. In addition to these technological resources, you will attend a four-week training program near one of the TSC outlets. This training will include experience in the franchise, learning the ins and outs of the menu and business model, as well as marketing techniques.
Next, youll graduate to a one-week classroom training at the Support Center in Atlanta, Georgia, and continue on to a ten-day onsite training at your very own franchise. If youre surprised by the sheer volume of training days, do not be alarmed this is TSC LLCs way of supporting you to the utmost degree in making running your business easier than ever.
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In fact, you wont even need to handle the menu creation and marketing support TSC LLC will do that for you. In addition to hands-on help from TSC employees, the company will make sure that your equipment is easy-to-use. Deep fryers, hooding systems, and stoves will be installed without complicated fixtures making it easier to focus on preparing fresh food in a timely manner.
A fresh berry smoothie.
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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.
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 .
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.
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Smoothie King Announces Expansion Plans For Kansas City Mo
Leading Smoothie Concept Aims to Develop 25 New Locations in Market Executives to Host Local Event for Potential Franchisees Nov. 22
Smoothie King Franchises, Inc., the premier smoothie and nutritional lifestyle center, announced it is targeting Kansas City, Mo., for franchise expansion. The New Orleans-based company plans to develop an additional 25 units in the market over the next five years.
Since opening our first Kansas City location in 2000, Smoothie King has experienced great success in the market as demand for our nutritional, fresh-blended smoothies and healthy retail products has grown, said Smoothie King Global CEO Wan Kim. Our brand is still poised for tremendous growth in the area and we are now seeking qualified franchisees to help us expand our footprint and help meet this demand.
Smoothie King currently has four locations open in the Kansas City area and two units in development with the next location scheduled to open in 2014.
We are very proud to be on board during such an exciting time in the companys history, said local Smoothie King franchisee Joe Cali, who currently owns one location in Kansas City. Our first Smoothie King location in the Northland area has been well received by the community and we look forward to opening our second location in the near future.
To fuel development, the companys executive team will host a Discovery Day on Nov. 22 in Kansas City to share the benefits of opening a Smoothie King with potential franchisees.
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Use Software That Is Industry
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Through dedicated software, scheduling can be automated and templated, saving management precious working hours that can be spent elsewhere in better marketing the brand and providing exceptional customer service.
Zip Schedules will not only make schedule creation simpler, but it will , reduce overtime work which can lead to labor lawsuits, and increase the bottom line for Tropical Smoothie Franchise Development Corp..
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Is Smoothie King A Good Business
Through nutrient-rich, great-tasting smoothies, Smoothie King has evolved into a lifestyle brand inspiring people to live healthy lives. It is the No. 1 franchise in the nation. Ranking No. 1 in the smoothie and juice bar category. In 2020, Entrepreneur will place it at number 14 in their prestigious Franchise 500 list.
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What Kind Of Support Does Smoothie King Provide For Franchise Owners
Smoothie King provides franchise owners a newsletter with helpful information. They have meetings where you can learn how to make the most of your franchise. They have a toll-free line so that you can call them for free. They help with your grand opening.
They help with internet, security, and safety procedures. They have field evaluations to help you make changes that might help your business. They will train you on the field operations and provide purchasing cooperatives to get your inventory for your Smoothie King.
They have several support options as far as training goes. They offer between 56 and 114 hours of classroom training. They have an additional 44 to 110 hours of on-the-job training. They provide additional training for management at their corporate office designed especially for new store managers.
Smoothie King Franchise Formats
Smoothie King Franchises are a popular business model for entrepreneurs. The concept is simple open a business that makes smoothies, and sell them to customers who come into your store. Smoothie King Franchises are a great way to start a business because they are easy to set up and manage. The franchise formats are
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Reasons Why Everyone Loves Smoothie King Franchise
1. One of the most popular smoothie franchises in the world is Smoothie King. This company has been in business for over 40 years and continues to grow.
2. Smoothie King franchises offer customers a wide variety of healthy and delicious smoothies and juices. They also offer a variety of meal choices, including healthy breakfast options.
3. This is known for its customer service. The franchisees take great care in making sure that their customers are happy and satisfied.
4. Smoothie King franchises are located in a variety of locations, including shopping centers, universities, and airports.
5. It is a reliable and profitable franchise. The company has a strong history and is well-known in the smoothie industry.
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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And Another Question Is Making Your Own Smoothies Cheaper
If you were to buy a smoothie every day for lunch for a week it would be upwards of $25! Making it at home will save you $14 a week. Thereof, how much does it cost to make a green smoothie? How to Make a Green Smoothie is easier than you think! This recipe takes 5 minutes, serves 6, and costs just $4.75 to make. Thats only $0.80 per serving!
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