Smoothie King Franchise Startup Costs

How Much Does Smoothie King Franchise Cost

Looking for a business to franchise? Why dont you try Smoothie King? This company offers the first ever freshly blended, nutritional fruit smoothies. Smoothie King also offers healthy sports beverages, healthy snacks, energy bars, herbs, minerals, vitamin supplements, and other sport nutrition products. This type of business will surely immediately become a hit since people nowadays are getting conscious about their health. Another thing that you should also consider is that Smoothie King is already known to people around the world. But first of all, how much does Smoothie King Franchise Cost?

Average Unit Net Sales Percentage Increase

Another important metric to look at is the increase in net sales percentage increase. The following table shows how net sales numbers have increased from the previous fiscal year.

From 2019 to 2020, same-store net sales increased by 2.46%. For almost the past decade, same-store sales have increased, although there was a lag in growth in the years 2017-2018. However, growth has been revitalized since then and the increase in same store net sales has been growing steadily.

Overall, these numbers show that Smoothie King is a financially stable and significantly profitableWhen the earnings in a given period of time is more than the expenses in a business. franchise concept.

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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

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Is The Smoothie King Franchise Profit Worth The Franchise Cost

To assign a valuation multiple for Smoothie Kingfranchises, we leverage estimates from DealStats, a database of acquired private company transactions sourced from U.S. business brokers and SEC filings. We reviewed the larger franchise industry as well as selling price multiples for larger systems where more transaction data is available.

Estimated Selling Price = Net Sales * 0.44

When you go to sell a Smoothie Kingfranchise based on the median multiple of .44 and net sales averaging between 2020 and 2021 of $532,103, it would sell for $234,125. This is significantly lower than the midpoint investment of $752,583.

The more franchises you own, the more earning potential you have as private equity firms become interested in your business instead of individual owner-operators.

The Average Unit Volume for Smoothie King Franchised Stores is $609,753.

Below you can see some listings of existing Smoothie King franchises.

How Is Smoothie King Franchise Positioned In The Food And Beverage Industry

The Food and Beverage industry in the USA accounts for 13% of all manufacturing employment in the country. Around 1.46 million people are employed in this industry. Food franchises make up to 36% of the total franchise establishments in the USA and it is expected to create 1.6 million more jobs by 2027. The annual growth rate in the industry is around 2% and the EBITDA multiplier is around 3x for a single restaurant. Multiples can go up to 7x for 5+ restaurants.

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Obligation And Terms Of Agreement

The franchisee or their appointed manager SHOULD oversee the operations of their franchise. The designated manager should complete the mandatory training program.

For the items they can sell at their store, ONLY approved Papa Murphys items are allowed for sale. Plus, franchisees must also ensure that the ingredients, recipes, and other requirements must be followed.

The franchisees initial franchise term is ten years. Should the franchisee wish to expand their ownership of a Papa Murphys restaurant, the franchisor can grant them an additional 5-year term.

What Demographics Does Smoothie King Look For

Our target customer is a millennial who is between the ages of 16 and 35. Our focus is 55% skewed towards women. We are looking for starter families, baby boomers, and established Americans. We offer a premium product, so our guests need to have some ancillary income in order to frequent our locations on a regular basis. Therefore, we try to find locations among the average household incomes, or higher for a given market. We cannot exclude certain areas given the range of our guests overall and, therefore, we do not limit ourselves to a particular set of demographics across the board.

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Smoothie King Franchise Reviews

If youre looking for a delicious and nutritious way to start your day, a Smoothie King franchise might be the perfect option for you. According to Smoothie King franchise reviews, the franchise offers a wide variety of healthy and delicious smoothies that can help you reach your fitness goals. The franchise also offers a variety of franchise locations across the country, so youre sure to find a location near you.

Customer Satisfaction Reviews for Smoothie King Franchisees To obtain a total of 20 responses. It is simple for you to do this job. Ive made some easy smoothie recipes that are a little bit of a breeze. It was mostly a friendly experience for customers because of the speed with which they made purchases. There are no health insurance benefits available to you. I had no problems working at a fast food restaurant for an hourly wage. There was a great company but the owner I was with was not. The culture was always lively and exciting, and the boarding process is quite simple. If youre looking for a job that puts your career at the top of your list, you might want to consider working at Smoothie King.

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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Planet Smoothie Franchise Fee Revenue And Profit Margin

For more than 20 years now, Planet Smoothie has been one of the best smoothie franchises in the world and also one of the most innovative as well.

The company was established in the year 1995 in Atlanta and they expanded in no time through the Southeast and presently, they can boast of more than 100 stores across the United States of America.

They are a customer-centered smoothie outfit, with focus on delivering the best smoothies in varying flavours, this is no doubt one of the reasons a lot of people search for information on how much is a Planet Smoothie Franchise?

ABOUT THE COMPANY

Planet Smoothie is known for making healthy smoothies and that alone has helped the brand to develop a large followership among its numerous customers that seem to be growing by the day.

Demand for smoothies is growing and now that Americans are getting more conscious health-wise, they are seeking for food options that are not only healthy but are as well convenient and smoothies tend to present these benefits that the people seek.

In the year 2011, it was reported that the smoothie market hit $2.4 billion. This was a double of what was achieved some five years earlier.

In the making of smoothies at Planet Smoothies, they utilise fresh fruits and vegetables and also have their own line of supplements to boost the vitamins, protein content of the mixtures. What customers also stand to gain in accelerated fat-burning and increased alertness to help them achieve their health and life goals.

Smoothie King Median Franchise Sales: $573269

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.

TABLAS

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.

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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.

Tropical Smoothie Franchise Cost

A tropical smoothie franchise can cost anywhere from $30,000 to $50,000. The average cost of a franchise is $35,000. The total investment required to open a tropical smoothie franchise is $100,000.

Tropical Smoothie Franchisees will require a total investment of between $277,000 and $584,000 to begin operations. There are currently 913 franchised locations and one company-owned restaurant in the United States. In 2021, the highest-earning franchise made more than $2 million in revenue, while the lowest-earning franchise earned $351,000. Tropical Café Smoothie ended its fiscal year in 2020 with a net income of $7.6 million, as well as cash, cash equivalents, and restricted cash of $31.3 million. In the fiscal year, revenues were $58 million, while expenses were only $41 million, indicating a profit margin of approximately 30%. Tropical Smoothie Cafe has opened nearly 100 new locations in the last three years, bringing its total number of locations to over 100. This extra cash flow is primarily generated by the revolving line of credit, which provided $65 million in cash flow. If you want to find out how many franchise locations there are, do your research.

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Smoothie King Franchise Fee Revenue And Profit Margin

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

Order Ahead Option Only Good When People Show Up For Work

I wonder if openers could have the ability to switch on the app when they are ready to start taking orders. Ive found out the hard way that you can order and pay ahead and then show up to a closed store. Smoothie King wont refund in these situations so you go on to purchase another breakfast somewhere else, double dipping your emergency breakfast fund and putting you behind schedule. Then you have to go back another time and explain the situation and find proof that you ordered them, totally putting the burden on the customer because someone didnt show up for their shift a week ago. I gave 3 stars bc it is super convenient when it works AND when the employees unlock the door so you can come in and pick up your online order rather than waiting in the car line as if you didnt order ahead.

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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

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 .

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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 Is It To Franchise A Smoothie King

Franchised

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.

Company-Owned

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.

Total

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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Average Net Sales Of Usa Units December 29 2020 To December 27 2021