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How many franchises does Smoothie King have?
July 5, 2022 You probably know Smoothie King as the international, health-focused smoothie company with over 1,000 locations, serving delicious smoothies and encouraging people to live purposefully across the globe.
How many locations of Smoothie King are there?
Find a Smoothie King Near You Whether you need a meal replacement, an afternoon snack, or fuel for your workout, Smoothie King has over 1,000 store locations across the U.S. Simply plug in your zip code or your city & state into our store locator below, and enjoy your next step in achieving your daily health goals.
How much does a Smoothie King franchise cost?
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 $320,301 and $585,465 (including a $30,000 franchise fee). The estimated initial investment for a free-standing drive-thru store can be between $723,501 and $1,184,865.
Who owns the Smoothie King franchise?
Wan KimIn July 2012, Smoothie King co-founders, Steve and Cindy Kuhnau, sold the brand to SK USA, Inc., headed by CEO Wan Kim, a successful franchisee with more than 100 stores throughout South Korea.
Do smoothie Kings make money?
2021 Smoothie King Median Franchise Sales: $573,269 Based on the median sales provided by Smoothie King's 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.
What state has the most Smoothie King?
TexasThere are 1,136 Smoothie King stores in the United States as of October 13, 2022. The state with the most number of Smoothie King locations in the US is Texas, with 268 stores, which is about 24% of all Smoothie King stores in the US.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much does the average Smoothie King make?
Average Smoothie King hourly pay ranges from approximately $8.00 per hour for Server to $17.35 per hour for General Assistant. The average Smoothie King salary ranges from approximately $17,782 per year for Register to $170,000 per year for Regional Manager.
How much does a BK owner make?
These numbers indicate that potential earnings can vary significantly and it depends on how well the business is run, the location, and other factors. We can estimate that based on net revenue of $1,351,000 and a profit margin of 13%, the average Burger King franchise compensation is $175,630 per year.
Who owns the biggest franchise?
2017RANKCOMPANYUNITS1NPC INTERNATIONAL1,4782TARGET CORP.1,1703FLYNN RESTAURANT GROUP8544CARROLS GROUP76298 more rows
Is Smoothie King actually healthy?
When it comes to Smoothie King and our smoothie blends, the answer is a resounding yes! You'll get the health-maximizing benefits of natural, real fruits with 0 grams added sugars. Such a healthy approach, however, is not common to many other smoothie shops. Simply put, it depends on the smoothie.
Who is Smoothie King competitors?
Smoothie King's CEO, Wan Kim, currently has an approval rating of 89%. Smoothie King's primary competitors are Jamba, Juice It Up & Planet Smoothie.
Who owns Smoothie King in New Orleans?
Louisiana Stadium and Exposition DistrictSmoothie King CenterOwnerLouisiana Stadium and Exposition District (The State of Louisiana)OperatorASM GlobalCapacityConcerts: 17,805 NBA basketball: 16,867 College basketball/NBA playoff games: 18,500 Arena football/Ice hockey: 16,900ConstructionBroke groundNovember 30, 199518 more rows
Is Smoothie King actually healthy?
When it comes to Smoothie King and our smoothie blends, the answer is a resounding yes! You'll get the health-maximizing benefits of natural, real fruits with 0 grams added sugars. Such a healthy approach, however, is not common to many other smoothie shops. Simply put, it depends on the smoothie.
What countries is Smoothie King located in?
As of 2016, Smoothie King is currently located in the United States, Korea and Grand Cayman, and the brand is eyeing future development in Japan, China, India, Indonesia, the Philippines, Taiwan, Australia and Brazil.
Is Smoothie King a franchise?
Welcome to Smoothie King! We are the world's largest smoothie brand and offer an exciting franchise opportunity for you. As a Smoothie King franchise owner, you'll have access to: World-class training and support.
Who is the CEO of Smoothie King?
Watch Smoothie King CEO Wan Kim as he goes undercover to see what working at Smoothie King is really like!
Is Smoothie King a franchise?
Are you looking for an exciting business opportunity that will allow you to work for yourself while helping people live healthier lifestyles? Welcome to Smoothie King! We are the world’s largest smoothie brand and offer an exciting franchise opportunity for you.
How much does a Smoothie King franchise make?
Franchise profits depend on a number of variables, including local demand for your product, labor costs, commercial lease rates and several other factors. Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 934 franchised Smoothie King locations in the USA.
Are there any Smoothie King franchise opportunities near me?
Based on 2020 FDD data, Smoothie King has franchise locations in 32 states plus DC. The largest region is the South with 747 franchise locations.
How Much Do Smoothie King Franchisees Make?
The following chart shows the average net sales of Smoothie King Units from the latest fiscal year (2020).
How much does it cost to start a Smoothie King franchise?
of a Smoothie King franchise can be as high as $858,000, it is important to invest less money to start a location. If you invest $500,000+ to start a Smoothie King location, it could take you 5+ years to recuperate your initial investment.
How many Smoothie King units are there in 2020?
At the end of 2020, there were a total of 1008 Smoothie King units for a net change of +39 units.
Is Smoothie King a franchise?
Furthermore, there is a lot of operational support for franchisees, given that most of the Smoothie King units are franchised.
What Does a Smoothie King Franchise Cost?
Franchisees can expect to make a total investment of $269,550 - $845,985. They also offer financing via 3rd party as well as a discount for veterans (20% off Franchise Fee). *
When was the first Smoothie King franchise?
Smoothie King Franchises, Inc., the original U.S. smoothie franchise, is a privately-held, Dallas- based franchise company. Founded in 1973, Smoothie King has evolved into a lifestyle brand inspiring people to live healthy and active lifestyles via nutritious, great-tasting smoothies.
What is Smoothie King?
Simple proven operating system with a low cost of entry: By simplifying several business management processes and providing a low entry cost, Smoothie King is dedicated to helping you get off to a great start.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
What is 3% advertising fee?
3%. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
How big is a Smoothie King franchise?
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 (gyms, large parks, etc) . It also has good street visibility and presence as well as good ingress and egress. We also prefer a drive-thru when possible.
How many team members do I need at a Smoothie King location?
Smoothie King recommends 9-12 team members on staff, with 2-3 in the store at any given time.
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 (FDD), which provides the following information and more: franchisor’s 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.
How long has Smoothie King been in business?
Smoothie King was founded in 1973 in New Orleans, Louisiana. By 1989, Smoothie King opened their first franchise location. Read more about the Smoothie King Story .
What demographics does Smoothie King look for?
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.
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.
What is Smoothie King?
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.
