How many Tropical Smoothie Cafe locations are there in the USA?
As of the 2020 Franchise Disclosure Document, there are 833 franchised Tropical Smoothie Cafe locations in the USA. Are there any Tropical Smoothie Cafe franchise opportunities near me?
Who is the owner of Tropical Smoothie Cafe?
Tropical Smoothie Café is a Georgia LLC organized on June 25, 2012. Charles Watson has been the CEO since December 2018. Tropical Smoothie Café was recognized as one of the Top 10 Fastest-Growing Chains, as well as Entrepreneur’s Best Franchises for Any Budget.
How much money does Tropical Café have?
In 2020, Tropical Café Smoothie had a net income of $7.6 million, and their cash, cash equivalents, and restricted cash was $31.3 million at the end of 2020 an almost 100% increase from the cash they started with at the beginning of the year.
How much does it cost to open Cherry Blow Dry Bar franchise?
The Initial Franchise Fee for Young Rembrandts is $39,500. Learn about surprising fees and how much the owners make in this blog! Cherry Blow Dry Bar is an expanding franchise that provides premium express services including blowouts, hair extensions, makeup services and more! Read about Urban Bricks Pizza franchise.
See more
How much do you need to start a tropical smoothie franchise?
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.
How much does a Smoothie King owner make a year?
Smoothie King Salary FAQs How does the salary as a Franchise Owner at Smoothie King compare with the base salary range for this job? The average salary for a Franchise Owner is $68,400 per year in United States, which is 38% lower than the average Smoothie King salary of $110,433 per year for this job.
What is the total investment needed for Tropical Smoothie Cafe?
What Does a Tropical Smoothie Cafe Franchise Cost? 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.
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
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
Can you become a millionaire from franchise?
The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
Is owning a Tropical Smoothie Cafe profitable?
Average Net Revenues in 2021 It is estimated that based on average net revenue of $1,009,803 and a profit margin of 15%, the average tropical smoothie franchise owner salary/ compensation is $126,000 per year.
Is a smoothie shop profitable?
Here in the United States alone, smoothie bars are a 3 billion dollar industry. From an investment stand point, industry experts estimate start-up costs for you to own a smoothie business will run between $20,000-$400,000. However, you stand to make about $600,000 in gross revenue annually.
Is Tropical Smoothie overpriced?
Tropical Smoothie prices are quite affordable and shouldn't break your wallet. You can get most smoothies for under $5. If you're looking for food, you also have several choices for under $5.
Who owns the biggest franchise?
2017RANKCOMPANYUNITS1NPC INTERNATIONAL1,4782TARGET CORP.1,1703FLYNN RESTAURANT GROUP8544CARROLS GROUP76298 more rows
Is Tropical smoothie made with real fruit?
Tropical Smoothie Cafe uses real fruit Unlike some smoothies out there, you can count on getting a smoothie made from real fruits and veggies when you go to Tropical Smoothie Cafe. Generally, the stores use frozen fruit, but don't write them off jus yet.
How much does it cost to be a Smoothie King franchise owner?
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.
Is a smoothie shop profitable?
Here in the United States alone, smoothie bars are a 3 billion dollar industry. From an investment stand point, industry experts estimate start-up costs for you to own a smoothie business will run between $20,000-$400,000. However, you stand to make about $600,000 in gross revenue annually.
How much does it cost to open 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 do you make a Smoothie King?
How much does Smoothie King pay? Smoothie King pays its employees an average of $10.99 an hour. Hourly pay at Smoothie King ranges from an average of $7.74 to $17.39 an hour.
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
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. *.
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.
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 many franchise agreements were signed in 2019?
213 new agreements signed in 2019, with 60% coming from existing 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 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.
Is Tropical Smoothie Black Owned
a successful and vital part of the community. They also have some very committed patrons, who buy only from their store, because they love the products and its black owned. The business has been open for three years, and going strong.
How Much Does It Cost To Open Frenchys Chicken Franchise
Do you want to open a restaurant business by buying Frenchys chicken franchise? If YES, here is how much it cost to open a Frenchys chicken franchise successfully. Frenchys Chicken is a restaurant chain in Houston, Texas selling Louisiana Creole cuisine. It was established in 1969 by Percy Frenchy Creuzot Jr. The restaurants Creole-seasoned chicken
How Much Does It Cost To Open Golden Krust Franchise
Do you want to open a restaurant by buying Golden Krust Carribean Bakery & Grill franchise? If YES, here is how much it cost to open Golden Krust franchise successfully. If you are looking towards opening a Golden Krust Caribbean Bakery & Grill Franchise, it will be nice for you to have a preview of
Can Owning A Franchise Make You Rich
The bottom line is that while a franchise can make you independently wealthy, it isnt a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.
Eat Better Feel Better Its Our Mantra
Todays consumers are embracing healthier food options and more active lifestyles. 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 2019s fastest-growing franchises by Entrepreneur and Nations Restaurant News.
Tropical Smoothie Caf Franchise Cost Breakdown
Now, lets jump into the full breakdown of Tropical Smoothie Cafe franchise cost. Lets see if buying a franchise of a smoothie cafe business makes sense. Take note that the details below are a compilation from Tropical Smoothie Cafe franchise cost.
Tropical Smoothie Franchise Helps Entrepreneurs Succeed In Food Service
A tropical smoothie franchise presents the opportunity to open your own cafe under a well known brand name. Its well loved menu, large customer base and proven methods help new franchisees achieve profitability in a short time. Furthermore, the company supports franchisees from the start, enabling them meet sales goals.
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.
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 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.