Stan Johnson Company Brokers Sale Of Tropical Smoothie Cafe In Oklahoma Featuring Newest Prototype Design
Stan Johnson Company, one of commercial real estates leading investment sales brokerage firms, has completed the sale of a newly built freestanding Tropical Smoothie Cafe located at 717 South MacArthur Boulevard in Oklahoma City, Oklahoma. Stan Johnson Companys Austin Duff, Brandon Duff, Daniel Herrold and Tom Fritz exclusively represented the seller, an Oklahoma-based developer, Bradys Properties. The 1,593-square-foot restaurant was purchased for approximately $1.2 million, reflecting a 6.10 percent cap rate. A private 1031 exchange buyer, MacArthur Boulevard LLC, from New Bedford, Massachusetts acquired the asset.
We are pleased to have completed the sale of one of the first freestanding Tropical Smoothie Cafe locations with their new prototype design that includes a drive-thru and outdoor seating, said Austin Duff, Associate in Stan Johnson Companys Chicago, Illinois office. We received multiple offers from buyers located across the country seeking essential-use quick service restaurant assets such as this property and ended up selling the property in the pre-construction phase.
Planet Smoothie Stores Have Surprisingly Low Costs Compared To Other Dining Concepts:
- Equipment costs are lower. No cooking, only blenders.
- Product costs are lower. There are minimal spoilage costs ,because most of our fruits are flash-frozen and kept in freezers until they are needed.
- Labor costs are lower. Most Planet Smoothie employees are young, working in their first job or early in their employment careers.
- Rents are lower. Planet Smoothie has a small footprint, meaning it doesnt need a huge amount of commercial square footage.
In sum, Planet Smoothie is designed to be a sustainable business thanks to a sizeable margin on sales.
You dont know what that guest has been through before they walk through our door. If theyre having a great day, we want to make sure that they continue that with a great experience with us as well. More importantly, if theyre not having such a great day, we want to make sure that were that ray of sunshine. They see a smile, theyre greeted, theyre promptly waited on, and they get a tasty smoothie. Franchise Owner, Orlando, FL
Planet Smoothie does not provide revenue projections in the FDD however, the discovery process will enable you to get the information you need to understand the economics of our franchise. As you go through the process of learning more about the concept, youll have a chance to speak with current Planet Smoothie store operators and learn from their experiences with the business. They are also free to share details of their investment. Heres some of what you will likely hear:
Tropical Smoothie Caf Works To Keep Its Momentum
Charles Watson, the CEO of Tropical Smoothie Care, was thrilled with his companys performance so far this year, which is what youd expect from a chain whose same-store sales are up 43%.
But he is also realistic.
I love these numbers, he said. Were never going to hear them again. So we might as well enjoy them while theyre here.
Watson is realistic about those numbers because he understands that they are a product of the situationthey are comparing themselves against a particularly weak first quarter of 2020, after all, and the stimulus has provided his and many other chains with excess sales they cant expect to keep.
Yet plenty of other figures from Tropical Smoothies year gives Watson confidence that the company can turn the pandemic into a long-term opportunity. The biggest: The chain has sold 177 franchises since December, the most in any 4.5-month period in company history.
While the weak economy has supercharged franchise saleswhich always thrive when people lose jobsthis one isnt just a pandemic phenomenon. Seventy percent of franchise sales are to existing franchisees, Watson said. Thats the biggest complement we can get. Were heading into the right direction strategically and our franchisee operators and partners are behind it.
The company generated those sales with a more concerted digital effort, particularly on third-party delivery, and by creating curbside service and later through limited-time offers and other efforts.
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- Fixtures, furniture, equipment, and technology needed to operate the Franchised Business include the POS System, tables and chairs, wall cabinets, merchandise display units, millwork, shelving, sinks, microwave, worktables, ovens, steamers, small wares, ice machine, blenders, refrigerators, mixing bar, ice wells, freezers, menu boards, and artwork.
- You must purchase the equipment, furnishings, and other items from these designated suppliers before your Franchised Business opens.
- The cost of these items, purchased new, ranges from $95,000 to $142,000, depending on type and quantity of equipment as well as freight and storage costs. The types of costs are uniform among franchisees, but may vary depending on factors like the size and layout of the Franchised Business and whether new or used fixtures and equipment are utilized.
- Payment is due upon receipt of invoice and is non-refundable.
4. Leasehold Improvements: $140,000 to $259,500
- These amounts are the franchisors best estimate of finish-out costs only for End-Cap and In-Line Tropical Smoothie Cafe Restaurants which, for fiscal year 2021, ranged in size from 1,200 to 1,900 square feet. Labor and material costs may vary significantly in accordance with local variations in wage rates, labor efficiency, union restrictions and availability, and price of materials. Finish-out costs are based on leasing unfinished space that consists of walls, plumbing, concrete slab, lighting, HVAC, and electricity.
Tropical Smoothie Franchise Opportunity
TropicalSmoothie Franchise OpportunityTSC franchisees understand the importance of incredible customer service and community outreach. And Company gives value to innovation, creativity, and a competitive mindset.
- Its a fun, friendly concept with an excellent business model with a smoothie and food menu that support day by day
- over 37% increase sale of product over the last 5 year, so its excellent opportunity
- Franchise has a loyal customer based at 700+ locations in the last 5 years
- jumping spots in ranking of the best franchise deals in the food industry.
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S To Opening A Tropical Smoothie Caf
STEP 1: Pre-qualification
The first step towards acquiring a Tropical Smoothie Cafe Franchise is to express your intention via mail. A Development Representative will contact you to discuss critical areas associated with becoming a Franchise Owner and to answer any initial questions you may have.
STEP 2: Franchise Application
The franchise application is a brief 4-page document that is meant to be completed by the franchisee. It helps them get to know you, your business background and experience, financial capabilities, goals and interests, management style, etc. There is no cost associated with submitting your application and it is non-binding. It simply allows them to learn a little more about you.
Step 3: Franchise Disclosure Document Review/Business Planning Tools Provided
By law, every franchisor must deliver to its prospective Franchise Owner a copy of its FDD to ensure that the Franchise Owner prospect has all the pertinent information about their company, Business model and every aspect of their business relationship with their Franchise Owner. They will also provide you with business planning tools to continue your due diligence.
- STEP 4: Program Review
Step 5: Discovery Day
Here, the restaurant will welcome you to their Support Center in Atlanta, GA to meet the team in person. If this is of interest to you, your Franchise Development Representative can help you coordinate the details.
Step 6: Executive Committee Approval
Step 7: Open Your Tropical Smoothie Cafe
Popular Tropical Smoothie Cafe For Sale Priced To Sell In Charlotte
The Tropical Smoothie Cafe for Sale is Showing Huge Growth Nationwide – Own this successful location with an Owner Benefit of over $85,000 in 2019. Priced to sell and will not last long! Seller ready to retire. Cafe for Sale.We 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.
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Smoothies Have Strong Margins
While most restaurant concepts have thin profit margins, a Planet smoothie franchise can generate revenue without a lot of the costs associated with running a full kitchen. Smoothie franchises can be operated with minimal staffing, dont require ovens, and dont require you to stock an extensive array of food that may spoil before its used. Planet Smoothie franchises have virtually no spoilage costs, because the majority of our fruits are flash-frozen and kept in freezers until they are needed.
How Much Does It Cost To Open Tropical Smoothie Franchise
Do you want to start a restaurant business by buying Tropical Smoothie franchise? If YES, here is how much it cost to open a Tropical Smoothie franchise and their requirement. Tropical Smoothie Cafe, sometimes referred to as Tropical Smoothie, or TSC, is a health conscious restaurant brand that got its start in the United States. Founded in 1997, Tropical Smoothie Cafe is a fast casual restaurant concept that inspires healthier lifestyles across the country.
Till date, this restaurant brand has over 700 locations nationwide. With snack and meal options for any time of day, Tropical Smoothie Cafe serves smoothies, bowls, wraps, sandwiches, and flatbreads in an atmosphere that appeals to people of all ages.
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Ready To Bring Planet Smoothie Franchise Success Story To Your Community
The total investment estimate for a Planet Smoothie franchise ranges from $190,150 $421,500. The smoothie market is strong and growing, and Planet Smoothie stands out with a menu built around real fruit and other healthier ingredients. Planet Smoothie has been around for more than 20 years because we do one thing really well: we make delicious smoothies. Capture a piece of the strong and growing smoothie industry with a Planet Smoothie franchise.
Tropical Smoothie Cafe Franchise Costs: Estimated Initial Investment
- The amounts provided in this table are based on estimated costs for End-Cap or In-Line Tropical Smoothie Cafe Restaurants, including those located in or at strip style retail shopping centers but does not include drive-thrus. For the fiscal year 2021, these End-Cap and In-Line Tropical Smoothie Cafe Restaurants typically ranged in size from 1,200 to 1,900 square feet.
- If your Franchised Business includes a drive-thru, the additional expense would be approximately $35,000 to $45,000.
1. Initial Franchise Fee: $15,000 to $30,000
- Franchisees wishing to open more than one Tropical Smoothie Cafe Restaurant must sign a Franchise Agreement and pay an initial franchise fee for each additional restaurant. The initial franchise fee for the second and each subsequent Tropical Smoothie Cafe Restaurant is $20,000.
2. Professional Fees: $5,000 to $15,000
- You will be provided a set of plans for recommended construction in conformity with mandatory design specifications. You may be required by local codes and regulations to retain a licensed architect or equivalent professional to review or certify the plans and/or to oversee construction.
- The lower ranges assume that the site was formerly used as a restaurant so that the plans can utilize existing plumbing, electrical, etc.
3. Restaurant Fixtures, Furniture, and Equipment : $95,000 to $142,000
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Tropical Smoothie Cafe Franchise Opportunities
Tropical Smoothie Cafe, sometimes referred to as Tropical Smoothie, or TSC, is a restaurant franchise in the United States. Tropical Smoothie Cafe, LLC was founded in 1997 and is based in Atlanta, Georgia.In addition to smoothies, the cafes offer sandwiches, wraps, salads, flat breads, and introduced bowls to their food line in 2017. Tropical Smoothie Cafe operates more than 650 locations nationwide with 2,000 projected openings across the United States by 2024.
How Much Does It Actually Cost To Open A Tropical Smoothie Cafe
Are you interested in owning a healthy franchise business? A Tropical Smoothie Cafe could be the right franchise for you. With a wide variety of smoothies, wraps, sandwiches, salads, and flatbreads, Tropical Smoothie Cafe is a favorite among customers looking for a good-for-you meal or middle of the day pick me up.
In fact, all the franchises smoothies are handcrafted using select blend of fruits and vegetables. If youre looking for a business motivated by health, nourishment, and encouraging an active lifestyle, the Tropical Smoothie Cafe could be an investment match.
How much will it cost to open a Tropical Smoothie Cafe? Youll need approximately $200,000 $570,00o to open a retail shop. Youll also need liquid capital of $125,000 and a net-worth of $350,000 to qualify. This is a lot of money, but not as large of an investment as you would need to participate in other franchise opportunities like Burger King that requires a net worth of $1.5 million to be considered.
| $5,000 | $5,000 |
Its important to note these the initial costs youll need to get your business started. There may also be additional fees that are not accounted for in these numbers that depend on the location or type of store you want to open.
Heres a breakdown of the ongoing fees and costs required to own a Tropical Smoothie Cafe:
| Type of Fee |
| Restaurants |
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Is The Tropical Smoothie Cafe Franchise Right For You
In order to decide if owning a Tropical Smoothie Cafe outlet is right for you, ask yourself the following:
Are you aware of the Tropical Smoothie Cafe brand culture and business model? Ideal candidates will have years of experience in eating at Tropical Smoothie Cafe and know the ins and outs of the menu.
Do you have business management experience? Foodservice management experience is not necessary, but a thorough background in business management is vital in ensuring long-term success. Remember this is a 15-year business agreement and you want to make sure you have the knowledge to keep your franchise successful.
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Do you have the financial capital necessary to invest in a franchise? Thankfully, Tropical Smoothie Cafe is not as expensive to franchise as other big brand franchisers. It is, however, still a hefty financial investment. Be sure that you have a minimum net worth of $350,000 and $125,000 in liquid assets.
All of this information may look daunting, yet investing in a franchise will benefit you in the long-run. Be sure to ask yourself the previous questions and look at what you can bring to the table as a franchisee. With your new knowledge of Tropical Smoothie Cafe business ownership, you may find that the nutritious health food restaurant fits your wildest dreams. Always be sure to take careful consideration before making your choice.
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Challenges Of Tropical Smoothie Cafe Franchise
Unfortunately, Tropical Smoothie Cafe LLC does not offer financial assistance or any future promise of financial aid. This fact may put a damper on your excitement, however, it is important to remember that opening a TSC outlet is actually less expensive than many other big brand franchises. Since it is relatively smaller than most fast-food restaurants, the franchise and starting fee for Tropical Smoothie Cafe is a bit lower than others.
The franchiser requires a 15-year contract agreement to be signed before opening your first outlet. This means that you are committed to Tropical Smoothie Cafe for well over a decade. Although this agreement may seem lofty, your outlet will surely succeed with the help of ongoing business training from the TSC headquarters. This ensures commitment to the company but can be binding for those who find that this is not for them.
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An additional challenge is the immense time commitment needed for initial business training. Training of about three-four weeks on-site and at the Support Center in Georgia make this on-boarding process long and grueling. After these weeks of classroom and on-site education, an additional ten days will be spent at your outlet location for further learning. None of this training is paid for, however, entering your opening day armed with business knowledge will help you succeed even more than before.
Main Challenges
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How To Open A Tropical Smoothie Cafe Franchise
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