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Is Tropical Smoothie Cafe a good franchise?
ATLANTA, Jan. 7, 2022 /PRNewswire/ -- Tropical Smoothie Cafe has been recognized as one of the top 10 franchises in Entrepreneur's Franchise 500®, the world's first, best and most comprehensive franchise ranking.
How much money do you need to start a Tropical Smoothie Cafe?
How much does it cost to open a Tropical Smoothie Cafe? A new Cafe investment is between $277,000 and $584,000†. The average cost is approximately $400,000†, costs vary by location.
Who owns the Tropical Smoothie franchise?
Levine Leichtman Capital PartnersTropical Smoothie CafeExterior of a franchise in Fort Lauderdale, FloridaRevenue$500 million .OwnerLevine Leichtman Capital PartnersNumber of employees2,000+ (2018)Websitetropicalsmoothiecafe.com12 more rows
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 franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
How many tropical smoothie cafes are in the US?
Every day, we serve up great-tasting, nutritious food and smoothies at more than 1,150 locations in the U.S., with more in development.
Who is the CEO of Tropical Smoothie?
Charles Watson (Jun 2018–)Tropical Smoothie Cafe / CEOPassion and brand vision continue to guide the way. Watson was named the growing brand's top executive in 2018. I was born with a strong work ethic.
Is Tropical Smoothie healthy?
But while they may seem like a healthy alternative to milkshakes and sodas, smoothies can pack just as much sugar and calories. The average amount of calories and sugar among all of Tropical Smoothie Cafe's smoothies is about 495 calories and 90 grams of sugar.
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
What is the franchise fee for Dunkin Donuts?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
How much money do you need to start a Smoothie King?
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.
How much money do you need to open a Chipotle franchise?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
How much is Smoothie King worth?
In the late 2010s, the company was focusing on whole and unmodified ingredients. Smoothie King Franchises, Inc....Smoothie King.Trade nameSmoothie KingRevenueUS$415.7 million (FY 2018) $372.5 million (FY 2017)Websitewww.smoothieking.com8 more rows
Is Jamba Juice a franchise?
Franchise Description: Jamba Juice Franchisor SPV LLC is the franchisor. The franchisor is an indirect, wholly-owned subsidiary of Focus Brands Inc....Jamba Franchise Costs & Fees.Name of FeeLowHighInitial Franchise Fee$35,500$35,500Construction and Build Out Costs$93,000$396,000Permitting$500$17,500Equipment Package$29,000$90,00019 more rows
How much does it cost to own a Tropical Smoothie café?
An initial investment required to open a Tropical Smoothie café Franchise is $257,500 to $560,500.
How much profit does the Tropical Smoothie café franchise make?
An individual Tropical smoothie café franchise owner can make around $40,000-$42,000 annually.
How many Tropical Smoothie café franchises are there?
Tropical Smoothie café has more than 1038 units around the world.
How many tropical smoothie cafes are there?
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 2019’s fastest-growing franchises by Entrepreneur and Nation’s Restaurant News.
How much capital do you need to buy a tropical smoothie?
To buy a franchise with Tropical Smoothie Cafe, you'll need to have at least $125,000 in liquid capital and a minimum net worth of $350,000. Franchisees can expect to make a total investment of $198,500 - $543,500. They also offer financing via 3rd party. *.
What distinguishes Tropical Smoothie Cafe from the competition?
What clearly distinguishes Tropical Smoothie Cafe from the competition is our balanced mix of smoothies and food, serving multiple dayparts: breakfast, lunch, dinner, dessert, and snack and multiple revenue streams like dine-in, drive-thru, delivery, and catering. That mix helps drive our average ticket sales and average net revenues of $982,486 for the top 50% of our Franchise Owners.*
How much does it cost to start a cafe?
Start-up fees: A new Cafe investment is between $198,500 and $543,500. Costs can vary by location and the average cost is $370,000.
How many franchise agreements were signed in 2019?
213 new agreements signed in 2019, with 60% coming from existing Franchise Owners
How much money do you need to open a tropical smoothie?
In order to open a Tropical Smoothie Cafe franchise, you must have a net worth of more than $222,000. Appreciate the investment required for a cafe franchise. Evaluate your prior experience and strengths.
Where is Tropical Smoothie located?
Tropical Smoothie Cafe, LLC was founded in 1997 and is based in Atlanta, Georgia.
What are the general operation hours of a Tropical Smoothie Cafe location?
Our cafes are open 7 days a week and we have required operating hours. Monday – Friday 7am – 9pm. Saturday 8am – 9pm. Sunday 10am – 8pm.
How fast is Tropical Smoothie Cafe growing?
We currently have more than 1,000 locations. Our goal is to reach 1,500 Cafes by 2025.
How much money can I make?
In 2020, the systemwide average net revenues for Tropical Smoothie Cafe franchises was $840,662. Based on calendar year 2020 and includes 555 Cafes that were open for at least 12 months as of 12/27/2020. Excludes non-traditional locations and Cafes that were not open for at least 350 days in 2020. This information appears in Item 19 of our Franchise Disclosure Document. Your results may differ. There is no assurance that you will do as well.
What is the franchise fee?
The franchise fee is $30,000 for the first unit. If you choose to develop multiple units, a $20,000 franchise fee must be paid for the second and each additional unit. The franchise fee for qualified veterans is $15,000 for the first and each subsequent unit developed.
When was Tropical Smoothie Cafe founded?
Tropical Smoothie Cafe was founded in 1997, and we opened our first franchise location in Tallahassee, FL, in 1998.
Where is Tropical Smoothie located?
Tropical Smoothie Cafe, LLC. 1117 Perimeter Center West, Suite W200. Atlanta, GA 30338.
How long does a franchise agreement last?
Franchise Agreements last for 15 years with renewal options.
How much does a Tropical Smoothie Cafe franchise make?
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. Please unlock this franchise for more information.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Are there any Tropical Smoothie Cafe franchise opportunities near me?
Based on 2020 FDD data, Tropical Smoothie Cafe has franchise locations in 44 states plus DC. The largest region is the South with 541 franchise locations.