How long does it take to make money with Smoothie King franchise?
Based on the median sales provided by Smoothie King’s franchise locations for 2020, at an average of a 15% profit margin it will take around 10 years to recoup your investment. This is longer than other franchise opportunities. You may not get a 15% profit margin which would elongate getting a return on your investment.
How many Smoothie King locations are there in the US?
What It Costs to Open a Smoothie Franchise At Smoothie King, we pride ourselves on being an industry leader in the smoothie bar segment. With more than 1,300 locationsand over 45 years of brand equity, we continue to carve out a niche market in the food and beverage industry.
How much does it cost to start Smoothie King juicy bar?
- In the United States, the total investment to start the Smoothie King juicy bar is around $269,550 to $845,985. - In currency of the United Kingdom, the investment comes around £189,100 to £606,100.
What is the history of Smoothie King?
The company was founded in 1973 and is based in Metairie, Louisiana. Smoothie King Franchises, Inc. owns, operates, and franchises a chain of smoothie bars and nutritional lifestyle centers in the United States, the Cayman Islands, Korea, and Singapore.
4. Other Initial Fees Before the Smoothie King Business Opens
Coupled with the initial franchise fee and, if applicable, the deposit described above, you are expected to pay Smoothie King up to $2,500 for design fees for your Unit premises.
How to Buy a Smoothie King Franchise in the United States
A Smoothie King franchise offers several advantages to new business owners, including a successful business model and national branding as a company that sells healthy products. Additionally, they sell the products and supplies to franchisees without any mark-up. This helps you to increase profits.
How much money do you need to open a Smoothie King?
In order to open a Smoothie King franchise, you must have a net worth of more than $300,000. Appreciate the investment required for a juicy bar franchise. Evaluate your prior experience and strengths.
Where is Smoothie King located?
The company was founded in 1973 and is based in Metairie, Louisiana. Smoothie King Franchises, Inc. owns, operates, and franchises a chain of smoothie bars and nutritional lifestyle centers in the United States, the Cayman Islands, Korea, and Singapore.
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 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 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.
How Much Is A Smoothie King Franchise
The starting cost to set up a Smoothie King is estimated at between $268,900 and $555,965. This becomes more expensive if the outlet will be a free-standing drive-thru facility, with total costs estimated between $589,300 and $858,900 .
Is Smoothie King A Good Business
Founded in 1973, Smoothie King has evolved into a lifestyle brand inspiring people to live healthy and active lifestyles via nutritious, great-tasting smoothies. The franchise earned the No. 1 ranking in the smoothie/juice bar category, and No. 14 overall, on Entrepreneurs prestigious Franchise 500 list in 2020.
The 25 Best Smoothie And Juice Bar Franchises Of 2021
December 28, 2017in Franchise Chatter Hot List, Juice Franchise, Smoothie Franchise
How To Open A Smoothie King Franchise
Ensure you have adequate capitalization. In order to open a Smoothie King franchise, you must have a net worth of more than $300,000.
Hire Staff Set Up And Open
Hire the staff and arrange for the next segment of training. Smoothie King provides seven days of training in your store before opening day. They cover the business topics related to operational and marketing practices, such as conducting nutritional classes for guests. You get hands-on practice running the smoothie bar and the sales area.
Average Smoothie King Franchise Startup Cost
Franchising Smoothie King will allow you to retain a business that sells smoothies and nutritious drinks. And not just drinks, Smoothie King also offers nutritional products in general.
Smoothie King Achieves Stellar Growth In First Half Of 2021
DALLAS After a strong first quarter which brought an impressive 18% same-store sales increase year-over-year, the brand reported an equally extraordinary second quarter of 2021 setting another company record with 34% same-store sales increase.
Store Closure Due To Racist Remarks On The Receipts
Two store locations of Smoothie King in Charlotte, N.C., were closed in 2019 after racist remarks were allegedly added to the receipt of customers. It was a disrespectful experience for the customers who received it, and they found it entirely inappropriate to use such language. Again, such incidents are wrong for a brands ethical image in society.
What It Takes To Own A Leading Smoothie Franchise
The following costs are excerpted from Smoothie King’s Franchise Disclosure Document and are estimated. Each Smoothie King franchise owner has the right to initially develop one store for the franchise fee of $30,000.
The Smoothie King Purpose
Smoothie King Franchises, Inc., is a privately held, Dallas-area-based franchise company with nearly 1,300 units worldwide. By creating each Smoothie with a “purpose”, Smoothie King makes it simple and pleasurable for guests to achieve their individual health goals.
How Much Is The Smoothie King Franchise Fee
Smoothie King has two different types of franchises, each with different fees: traditional and non-traditional.
How Much Money Can I Make
Since the actual results of individual franchises are based on factors that are not within the control of Smoothie King, we do not provide estimates of profits or revenues.
How Much Can I Make With A Smoothie King Franchise
Smoothie King was ranked no. 1 on Entrepreneurs annual Franchise 500 list, so many people clearly regard it as a lucrative franchising opportunity. They have a simple core product offering and a cost-effective POS system for making sales. Franchises also partner with vendors to keep supply costs competitive and prices affordable.
How Much Does Smoothie King Franchise Cost
Looking for a business to franchise? Why dont you try Smoothie King? This company offers the first ever freshly blended, nutritional fruit smoothies. Smoothie King also offers healthy sports beverages, healthy snacks, energy bars, herbs, minerals, vitamin supplements, and other sport nutrition products.
How Much Can I Make with a Smoothie King Franchise?
Smoothie King was ranked no. 1 on Entrepreneur’s annual Franchise 500 list, so many people clearly regard it as a lucrative franchising opportunity. They have a simple core product offering and a cost-effective POS system for making sales. Franchises also partner with vendors to keep supply costs competitive and prices affordable.
How much does a Smoothie King franchise make in 2020?
According to Glassdoor, the average salary for a Smoothie King franchise owner as of 2020 is $42,305-$46,227. Smoothie King itself does not publish any kind of estimated franchise owner payment so we have to make do with what other franchise owners report making. Again, that number is a reported average so it may not be accurate.
How much does Smoothie King charge?
Smoothie King corporate charges a 6% royalty fee on all gross monthly sales and a 3% ad royalty fee. Also, when you sign up to become a Smoothie King franchisee, you sign a 10-year franchise term agreement.
How much revenue does Smoothie King have in 2020?
In 2020, Smoothie King managed to generate approximately $415.7 million.
How many square feet does Smoothie King have?
In general, though, Smoothie King tries to keep property costs down. They usually target retail locations between 800 to 1,600 square feet so there is no substantial real estate investment, unlike other franchises.
How long is Smoothie King training?
After that, it’s up to you to cover training costs. Training consists of one orientation day, 11 days of management training, and 5 days of on-site training.
How big is Smoothie King?
The average Smoothie King location is between 800 to 1,600 square feet large. They are usually located in community strip centers neighborhoods, malls, universities, and other retail locations.
