What Does Tropical Smoothie Use As A Base
For Tropical, thats usually either banana or yogurt, Scroggin said. For Flashback, frozen yogurt or sherbet gives the smoothies a creaminess that pushes them a little toward the milkshake category. At the Juice Shop, every smoothie contains frozen yogurt or sherbet and all but two of the smoothies contain banana.
Tropical Smoothie Cafe Franchise Rankings
There is no doubt that Tropical Smoothie Cafe Franchises are growing in popularity. Tropical Smoothie Cafe Franchises are known for their delicious smoothies and juices, which are made with fresh fruit and whole foods. The franchises are growing in popularity because they offer an affordable and convenient way to get healthy and fresh foods.
The Tropical Smoothie Cafe Franchise Ranking is
- Ranked #1 for Best Smoothie and Juice Franchise in 2022 by Entrepreneur Magzine
The below image will highlight to you the franchise rankings and its standing among its competition.
Benefits At Tropical Smoothie
Aside from just great pay and a friendly working environment, working at Tropical Smoothie comes with a host of additional benefits. Depending on your position and experience, you may be eligible for benefits such as health insurance, dental and vision plans, paid vacation leave and of course a 401 retirement savings plan! With such great benefits, no wonder Tropical Smoothie has become a desired place of employment for thousands of job seekers.
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Section V Financial Performance Representations And Analysis
- The following tables provide historical sales information for Tropical Smoothie Cafe franchised restaurants that were open at least one full year as of: the calendar year 2020 for 555 Restaurants the calendar year 2019 for 652 Restaurants and the calendar year 2018 for 569 Restaurants.
- The tables do not include any financial performance information for any other types of franchises, such as non-traditional locations or seasonal locations, and do not include any franchises of any type that had not been open for at least one year on December 27, 2020, December 29, 2019, and December 30, 2018, respectively.
- The information presented is not a forecast of future potential performance.
- For purposes of the tables below, Net Revenue means all revenue related to the sale of products and performance of services at the Restaurant, whether cash or credit, and regardless of collection in the case of credit, and income of every kind or nature related to the Restaurant, less any discounts. Net Revenue does not include bona fide refunds to customers, revenues from sales taxes or other add-on taxes collected from customers by you and actually transmitted to the appropriate taxing authority, sales of used equipment not in the ordinary course of business, or sales of gift cards or similar products .
- The tables provide the average and median net revenues for the following categories of Restaurants in 2020, 2019, and 2018 on a category and cumulative basis:
Tropical Smoothie Cafe Due Diligence
You must conduct smart due diligence and determine from a business perspective whether owning a Tropical Smoothie Cafe franchise is right for you.
If you truly want own a Tropical Smoothie Cafe franchise, get all the information you can from Tropical Smoothie Cafe and secure a qualified advisor who has experience helping people like you purchase franchises.
You may also want find that gaining a better understanding of the terms related to franchising would be helpful. If so, you may want to visit A Glossary of Franchise Terms.
Make sure that owning a Tropical Smoothie Cafe franchise fits in with both your skills and life style objectives. If you dont want to work evening and weekends, dont purchase an ice cream shop. If youre an introvert, dont buy a franchisee that requires you to be extroverted.
Are you interested in more questions to ask Tropical Smoothie Cafe franchisor, Tropical Smoothie Cafe franchisee, or even yourself? Get to know the terms.
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Tropical Smoothie Interview Tips
You should prepare for the potential interview even before you receive the interview invitation. To get well prepared, you should make sure that you are quite competent for this position, which requires you to read the qualifications posted on the official site carefully. Then, when being interviewed, just stay calm to present the best of you to the interviewers. Whats more, think about your advantages and weakness, it can be very helpful in interview.
Tropical Smoothie Cafe Franchise Complaints
ADMIN smoothie franchisebeverage franchisefranchise failure ratesjuice franchisequickservice franchiseropical Smoothie CaféSBA franchise loansTropical Smoothie Café closedTropical Smoothie Café failuresTropical Smoothie Café franchiseTropical Smoothie Café franchise complaintsTropical Smoothie franchiseunhappy franchiseeworst franchises
Tropical Smoothie Café franchise opportunity: Are you considering it?
You should be aware that data released by the Small Business Administration indicates that Tropical Smoothie Café franchise owners who qualified for SBA-backed franchise loans have a high loan failure rate of 24%*.
That qualifies Tropical Smoothie Café for inclusion in UnhappyFranchisee.coms list of WORST FRANCHISES IN AMERICA
Are you familiar with the Tropical Smoothie Café franchise opportunity? If so, please share your experience, opinions or insights with a comment below.
If you are a Tropical Smoothie Café franchise representative or employee, please leave a comment or email us at UnhappyFranchiseegmail.com.
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Products and services are provided by the ApplePie Capital family of companies which include ApplePie Capital Funding Solutions, LLC, and ApplePie Capital Inc. ApplePie Capital Funding Solutions, LLC brokers loans through its network of lenders lenders independently determine loan availability and terms.
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At ApplePie Capital, we are committed to fair lending. We make our commercial credit products and services available to all qualified applicants on a consistent and fair basis. ApplePie Capital does not condone or tolerate discrimination against any applicant on any prohibited basis under the Equal Credit Opportunity Act or any applicable state or local law. Fair lending principles are integrated into our corporate policies, lending operations, staff training, marketing efforts, and third-party lending relationships.
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How Much Does It Cost To Open Twin Peaks Franchise
Do you want to open a restaurant business by buying Twin Peaks franchise? If YES, here is how much it cost to open Twin Peaks franchise successfully. If you are looking towards opening a Twin Peaks Restaurant Franchise, it will be nice for you to have a preview of what the company represents before going
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Tips For Getting Hired
1. Showcase your customer service skillsTropical Smoothie Cafe puts a strong emphasis on providing excellent customer service. When applying for a position at the cafe, be sure to highlight any customer service experience you have on your resume or in your cover letter.
2. Be able to work in a fast-paced environmentThe cafe is known for its fast-paced environment. Employees are expected to be able to work quickly and efficiently while still providing quality service. If you have experience working in a fast-paced environment, be sure to mention this on your application.
3. Be passionate about healthy eatingSince Tropical Smoothie Cafe specializes in healthy food options, it is important that employees share this passion. If you are interested in healthy eating and promoting a healthy lifestyle, you will be more likely to be hired at the cafe.
4. Have a positive attitudeTropical Smoothie Cafe looks for employees who are positive and upbeat. Having a positive attitude will make you more enjoyable to work with and will also make you more likely to be hired.
I Really Like This As A Go To For
I really like this as a go to for something a little different and fairly healthy. It is a little costly but I feel that its comparable to normal takeout. Its very good food also. My only issue with the specific spot I visited in person is that it seemed run down. If I had just been driving by, I would not want to stop there. Also I could barely hear them when going through the drive through. The food was delicious and the smoothies were out of this world
Date of experience:June 06, 2021
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The Easiest Way To Make Money With The Tropical Smoothie Cafe Franchise
Today, everyone is becoming more health conscious and inclined to choose a healthier option. To meet the growing demand for a healthy option, businesses such as juice bars and poke restaurants are becoming more health-focused across the United States. The healthy juice bar industry is rapidly expanding, and many companies expect to be major players in this sector. One of those healthy juice bar cafés is the Tropical Smoothie Cafe franchise.
Tropical Smoothie Cafe began as a single-location restaurant in Destin, Florida in 1997. The Tropical Smoothie Café, with a fast-casual concept, serves snacks, meals, and other items on their all-day menu, including fruit smoothies, fruit bowls, sandwiches, and wraps. They also offer their customers apps and online ordering. Over the course of 25 years, the brand has expanded to over 1000 locations across the United States. The tropical smoothie café has recently launched a new national charity program to address the issue of childhood hunger in the United States.
Tropical Smoothie Caf: The Details
The smoothie business started in 1997 in Atlanta, Georgia. The franchisor is under the name Tropical Smoothie Café LLC with an estimated 900 units. It offers various handcrafted premium smoothies made with select fruits and vegetables blended in the café using its proprietary recipes. Aside from smoothies, the café also sells bowls, flatbreads, specialty sandwiches, and wraps.
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Tropical Smoothie Cafe Franchise Opportunity For You
Included in the awareness of a healthy lifestyle demand for a healthy diet or, more specifically, healthy food, the topical smoothie company opportunity is rapidly expanding. The franchise owners will serve a healthier menu to customers with the intention of contributing to the health and wellness of the community.
The companys system is designed in such a way that it will increase demand for innovative health-focused menu services, providing a one-of-a-kind experience for the Tropical Smoothie Café family. Customers will enjoy the cafés delicious food offerings in a fun, beachy atmosphere.
The company has been named one of the top ten fastest-growing chains in the United States. Between 2015 and 2020, the company opened 486 new units. They opened 133 cafés in the United States last year.
The franchise agreement was signed by 56 franchises in the first quarter of 2020. In this case, 70% is an existing franchise that has demonstrated success and dedication to the brand. Currently, the topical smoothie café has over 1100 locations across the country and is expected to reach 1500 locations by the end of 2025. The company is experiencing consistent and growing demand for its services. That is all a successful franchise requires.
Things You Need To Know About The Tropical Smoothie Cafe Franchise
Acquired by Levine Leichtman Capital Partners
1. In early September 2020, Levine Leichtman Capital Partners , a Los Angeles-based private equity firm, announced that it had partnered with management to acquire Tropical Smoothie Cafe, LLC. Under the terms of the acquisition, Tropical Smoothie Cafe will continue to be run by the existing executive team led by CEO Charles Watson.
2. According to Matthew Frankel, managing partner of LLCP, We are excited to partner with Charles and the rest of the management team who have led the tremendous growth of Tropical Smoothie Cafe. We look forward to working with them as they continue to increase system-wide sales, improve franchisee unit economics and expand unit count in the significant remaining whitespace.
3. Watson said, My team and I are very excited to partner with LLCP as Tropical Smoothie Cafe seeks to enhance its market-leading position. Having the opportunity to leverage LLCPs extensive franchise expertise will be pivotal in driving further growth and supporting franchisees in inspiring better in our guests.
Reaches Milestone With Opening of 900th Location
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Additional Details Of Tropical Smoothie
National Flip-Flop Day is a holiday created by Tropical Smoothie. Every customer is offered free smoothies who wear flip-flops every third Friday of June. Besides, Camp Sunshine is benefitted from the collection of money raised in Tropical Smoothies stores and online. This camp is committed to hosting families facing life-threatening diseases and dealing with children. It raised more than $600,000 in 2014. The management uses the raised money to send a massive number of families for free to the camp.
Experience Depends On Franchise Owner
Pros
-fast-paced-no skill needed-opportunities to advance within the store -fun work environment-other stores owned in the area by someone other than the one i worked at were in much better condition and seemed more put together
Cons
-as with all fast food restaurants, the customers can be a nightmare-poor management/high turnover in management-the employees are mostly teenagers, so those who are in college or even older may struggle with irresponsibility among coworkers-the owner of my franchise paid us VERY little-the store itself was old and wasn’t well-kept over the years, so it was a nightmare to clean and needs a big renovation to get rid of all the stickiness on the walls and floors-the owner cut corners a little to save on equipment costs — would rather pay for frequent repairs than pay for new equipment
It has Flexible hours and easy to climb up
Cons
Min wage job doesnt cut it
Pros
Flexible hours, decent tips if you work 30+ hours a week. Whoever works the most gets the most % of tips.
Cons
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Tropical Smoothie Caf Franchise Owners Have A 24% Sba Loan Default Rate
The overall net growth of Tropical Smoothie Café franchises by 23% might give the appearance of steady, failure-free growth. However, data from the Tropical Smoothie Cafe FDD indicates that within that same period, 67 franchises were terminated or reaquired.
When doing your due diligence, it pays to dig into the numbers of the Franchise Disclosure Document rather than rely on the overall growth figures available online.
| Tropical Smoothie Café Franchise | |
| Tropical Smoothie U.S. franchises in 2008: | 244 |
| Tropical Smoothie U.S. franchises in 2011: | 301 |
| Growth in franchise units 2008 2011 | 57 |
| Growth in franchise units 2008 2011 : | 23% |
| SBA loans granted since 2001: | 156 |
| 24% | |
The inability to repay an SBA-backed loan indicates a serious situation for the franchisee.
Its likely that Tropical Smoothie Café franchise owners who received SBA loans may have collateralized their franchise loan with their homes or other personal assets, and many were unable to repay those franchise loans despite the serious incentive to do so.
Tropical Smoothie Caf Terminated/reaquired 67 Franchises Between 2008
The relatively high franchise termination rate of Tropical Smoothie Café is a franchise red flag.
| Tropical Smoothie Café Franchises 2008-2011 |
| Franchises open January 2008: |
| 18% |
| Sources: Tropical Smoothie Franchise Disclosure Documents |
At the start of 2008, there were 244 US Tropical Smoothie franchises. From 2008 through 2011, an additional 124 franchises opened for a total of 368 franchises. During the same time 67 franchises were either terminated or reacquired by the franchisor. At the beginning of 2012, there were 301 Tropical Smoothie franchises open in the U.S.
That would come out to a termination/reaquisition percentage of 18%, which could reasonably be called a failure rate. Perhaps the company can clarify.
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How Much Is A Tropical Smoothie Franchise
The Tropical Smoothie franchisefee is $30,000. This is the upfront fee that must be paid when opening a Tropical Smoothie Café franchise. You will also pay a grand opening marketing contribution of $10,000.
If you qualify to develop and operate multiple Tropical Smoothie Cafés, then you will pay $20,000 for each additional unit you decide to open.
Tropical Smoothie Franchise Cost
The estimated total investment necessary to begin operation of a Tropical Smoothie Café Franchise ranges from $277,000- $584,000.
Additional Cost Breakdown
The following costs are part of the upfront costs included in the initial investment. Many of these are one-time fees that are needed to launch the franchise.
Pros & Cons Of Tropical Smoothie Cafe Franchise
There are many pros to consider when deciding to become a Tropical Smoothie Cafe franchisee. Additionally, the company offers a high level of residual income potential, as the average net profit after expenses for a Tropical Smoothie Cafe franchisee is $155,000.
However, there are also some cons to consider before accepting a franchise opportunity with Tropical Smoothie Cafe.
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Tropical Smoothie Cafe Franchise Disclosure Document
Carefully read the Tropical Smoothie Cafe Franchise DisclosureDocument . They can be intimidating.
As you are reviewing Tropical Smoothie Cafes Franchise Disclosure Document you will have a number of calls with Tropical Smoothie Cafes franchise team before you will be allowed to call Tropical Smoothie Cafe franchisees.
When you are allowed to call Tropical Smoothie Cafe franchisees make sure you speak to at least five to eight franchisees. You will find that most Tropical Smoothie Cafe franchisees will be honest and unbiased about Tropical Smoothie Cafe. If you would like more information on how to dissect a Tropical Smoothie Cafe FDD consider the following resources:
- The Educated Franchisee Chapter 8 ‘ Dissecting the Franchise Disclosure Document’ –
- The FDD Exchange – Franchise Disclosure Document Checklist’ –
- PodCast with Franchise Attorney Nancy Lanard ‘What to look for in a Franchise Disclosure Document’ –