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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 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
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.
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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.
Where is Tropical Smoothie located?
Tropical Smoothie Café: 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.
How much financing does a franchise get?
Franchisees will get 50-percent financ ing of the initial franchise fee. The other half must be paid in cash. The funding offered is a four-year period with an APR of 6 percent. The franchisor will not receive indirect or direct fees for placing financing.
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How long does franchising training last?
The franchisor will hold an initial training period for the franchisees and a manager. However, if it’s an entity or a corporation, a managing owner (at least 10% interest) must undergo training. The location of the training could be held at a franchise store or a support center. Initial training includes the “Franchise Induction Program.” It lasts ten days and can be extended depending on the franchisee.
How long does it take to become a franchisee?
Franchisees are required to undergo initial training. However, if the franchisee is an entity, then one owner should be designated as the operating principal. The program consists of one week of training. After the classroom training, franchisees then proceed to an actual in-cafe training for three to four weeks.
What events does a franchisor have to attend?
The franchisor may also hold conferences, conventions, and regional meetings and may require franchisees to attend these events.
What do franchisees have to offer for sale?
Franchisees must offer for sale all foods, menu items, products, beverages, goods, and services that the franchisor requires. Also, franchisees must comply with the franchisor’s specifications and standards.
How long does it take to train a franchisee for a tropical smoothie?
Training Overview: For the first Tropical Smoothie Cafe restaurant, the initial training is mandatory for franchisees (or, if they are an entity, one owner designated as your “operating principal”) and their approved manager and must be successfully completed within 15 days before opening the franchised business. Initial training consists of approximately one week of classroom training, which may be offered through a virtual training session to accommodate the health and safety of both the franchisees and the trainers. The classroom training is followed by three to four weeks of in-cafe training (three weeks for cafes without a drive-thru and four weeks for cafes with a drive-thru). The franchisor reserves the right to add an additional two weeks of training as a requirement. The franchisor will (in its sole discretion) make available other ongoing continuing education and training programs, meetings, or seminars (on an optional or mandatory basis), that it deems advisable. The franchisor may also host one or more conventions per calendar year, as well as conference telephone calls, which may include education and training. Franchisees and their designated managers must attend and successfully complete all ongoing continuing education and training programs, and must attend all meetings, seminars, conventions, and conference telephone calls, as the franchisor may require.
Who is the franchisor of Tropical Smoothie?
Franchise Description: The franchisor is Tropical Smoothie Café, LLC. Tropical Smoothie Cafe restaurants offer customers a variety of premium, handcrafted smoothies made with select fruit and vegetables blended fresh in the cafe using proprietary recipes, as well as specialty sandwiches, flatbreads, wraps, and bowls.
What does a franchisee need to offer for sale?
Franchisees must offer for sale all menu items, products, foods, beverages, goods, and services that the franchisor requires, in compliance with the franchisor’s standards and specifications.
How long is the franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is 15 years. If franchisees are in good standing and satisfy certain conditions, they may renew for one additional 10-year term.
When is the FDD for Tropical Smoothie Café?
The above information has been compiled from the FDD of Tropical Smoothie Café. Year of FDD: 2021.
Can a franchise offer delivery?
Franchisees cannot offer delivery service without prior approval. Obligations and Restrictions: Franchisees are not required to participate personally in the direct operation of the business. However, the franchisor recommends that they participate.
Does franchising offer financing to franchisees?
Financial Assistance: Neither the franchisor nor any of its agents or affiliates offers direct or indirect financing to franchisees, or guarantees any note, lease or obligation. However, the franchisor currently reduces the initial franchise fee for qualified veterans from $30,000 to $15,000 for the first and each subsequent franchised business developed.
How much does it cost to open a tropical smoothie?
The Tropical Smoothie franchise fee is $30,000. This is the upfront fee that must be paid when opening a Tropical Smoothie Cafe franchise. You will also pay a grand opening marketing contribution of $10,000.
How many openings per year for tropical smoothies?
On average there has been 100 openings per year for the last three years. The strong consistent growth indicates the success that Tropical Smoothie Cafes have been experiencing. It would be important to find out how many franchisees have multiple cafe locations.
What is a franchise agreement?
A franchise is when a business (franchisor) allows a party (franchisee) to acquire its know-how, procedures, processes, trademarks, intellectual property, use of its business model, brand and rights to sell its products and services. The franchisee signs a contract (franchise agreement) with the franchisor to acquire the franchise and generally has a territory granted to operate. What is a Franchise?… More
How long does it take to open a franchise?
From the moment you allocate your capital to invest in a food franchise, it can take up to a year to open the location and pass the breakeven point.
Is Tropical Smoothie Cafe healthy?
Tropical Smoothie Cafe is in a new emerging market of healthy food options. However, this market is starting to grow in popularity with other companies such as Juice it Up, Jamba Juice, and Smoothie King capitalizing on the new wave of healthy eating and living.
How long does it take to franchise a tropical smoothie?
The franchiser requires a 15-year contract agreement to be signed before opening your first outlet.
How much does it cost to open a tropical smoothie?
How much will it cost to open a Tropical Smoothie Cafe? You’ll need approximately $200,000 – $570,00o to open a retail shop.
How much does Tropical Smoothie Cafe make?
As of 2019, it’s estimated that the top 50% of Tropical Smoothie Cafe franchises made an average of $982,486 in gross sales. According to reports, 120 out of 326 outlets that made this amount in gross sales surpassed this sales level.
Does Tropical Smoothie Cafe offer financial assistance?
Unfortunately, Tropical Smoothie Cafe LLC does not offer financial assistance or any future promise of financial aid. This fact may put a damper on your excitement, however, it is important to remember that opening a TSC outlet is actually less expensive than many other big brand franchises.
Is it cheaper to open a tropical smoothie cafe?
Fortunately, opening a Tropical Smoothie Cafe is generally less expensive than opening a larger franchise.
Is Tropical Smoothie Cafe frozen?
With a wide variety of smoothies, wraps, sandwiches, salads, and flatbreads, Tropical Smoothie Cafe is a favorite among customers looking for a good-for-you meal or middle of the day pick me up. In fact, all the franchise’s smoothies are handcrafted (rather than frozen) using select blend of fruits and vegetables.
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.
Where is Tropical Smoothie located?
Tropical Smoothie Cafe, LLC. 1117 Perimeter Center West, Suite W200. Atlanta, GA 30338.
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 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.
How long does a franchise agreement last?
Franchise Agreements last for 15 years with renewal options.
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.
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.