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How much 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.
Is Smoothie King a good investment?
2021 Smoothie King Median Franchise Sales: $573,269 You may not get a 15% profit margin which would elongate getting a return on your investment. 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.
How much does the average Smoothie King make?
Average Smoothie King hourly pay ranges from approximately $8.00 per hour for Counter Sales Representative 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.
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...•
Who owns Smoothie King?
Wan KimThe Wan Kim Era In July 2012, the Kuhnaus sold Smoothie King to Wan Kim. Since then, Smoothie King has grown to more than 1,100 units in 33 states, the Caymans, Trinidad, and the Republic of Korea.
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.
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 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 smoothies does Smoothie King sell a day?
Simpson said his store goes through 700 pounds of bananas each week, and sells an average of 200 to 250 smoothies a day, except on Fridays when a $5 special on medium-size drinks doubles that amount. A 20-ounce smoothie costs $5.29, a medium is $6.99 and The King, a 40-ounce smoothie, sells for $8.49.
Can you get rich owning a 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.
Do franchise owners make money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Which franchise is best in 2022?
Franchises provide a strong corporate and management framework, plus marketing, merchandising and production support....Bluevine Business CheckingDunkin' ... Anytime Fitness. ... Planet Fitness. ... Orangetheory Fitness. ... Primrose Schools. ... Kiddie Academy. ... Kumon Math and Reading Centers. ... Ace Hardware.More items...•
How many locations does Smoothie King have?
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 is a 32 oz smoothie at Smoothie King?
Smoothie King Prices (Updated: October 2022)FoodSizePriceSlim BlendsLean1™ (Vanilla, Chocolate or Strawberry)20 oz.$5.29Lean1™ (Vanilla, Chocolate or Strawberry)32 oz.$7.29Lean1™ (Vanilla, Chocolate or Strawberry)40 oz.$8.49140 more rows
How much is a Banana King franchise?
How much does it cost to open a banana king? Investment Range. Endcap or inline location: $268,900 - $555,965. Free-standing Drive-thru location: $589,300 - $858,900.
Who is the CEO of Smoothie King?
Wan Kim (Jul 2012–)Smoothie King / CEOWan Kim is the global Chief Executive Officer for Smoothie King, an international Smoothie brand. Wan became Smoothie King's first international franchisee when he opened a store location in South Korea in 2003. Over the next five years, he launched and grew the brand to more than 130 locations in that country.
How Much Does A Franchise Owner At Smoothie King Make
Franchise Owner salaries at Smoothie King can range from $44,117-$48,416. This estimate is based upon 1 Smoothie King Franchise Owner salary report provided by employees or estimated based upon statistical methods. See all Franchise Owner salaries to learn how this stacks up in the market.
How Much Is The Smoothie King Franchise Fee
Smoothie King has two different types of franchises, each with different fees: traditional and non-traditional.
Is It True That Smoothie King Uses Milk In Its Smoothies
Smoothie King is the only franchise in the world to provide a dairy-free milk option, and this is the first time this has happened.
Smoothie King Franchise Disclosure Document
Carefully read the Smoothie King Franchise DisclosureDocument . They can be intimidating.
How Much Do Smoothie King Franchisees Make
The following chart shows the average net sales of Smoothie King Units from the latest fiscal year .
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.
Top Smoothie Franchises: Is The Investment Worth The Costs
If you are an entrepreneur with an appetite for success, jumping into the health and wellness food industry may feed that hunger. The industry is experiencing tremendous growth and is currently valued at more than $800 billion. The trends indicate that healthy bowls and smoothies are thriving.
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 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 franchise a Smoothie King?
Each Smoothie King franchise owner has the right to initially develop one store for the franchise fee of $30,000. The difference between low and high investment levels exists due to labor, location, varying store sizes, build-out costs and expenses, and your experience and management of the store’s development.
What is a Smoothie King starter kit?
Smoothie King offers a starter kit unlike any other, allowing you to embrace your entrepreneurial spirit and forego many issues even the best businessmen face when trying to start an operation from scratch. We offer the support and training of an industry-leading brand and more experience than any other Smoothie franchise. With our invaluable resources, your desire to help consumers live healthier, happier lives, and our combined passion for Smoothie King, we can rule the day as we change lives for the better.
Smoothie King Franchise Costs: Estimated Initial Investment (Item 7, 2021 FDD)
The figures below are estimates of the complete investment in establishing a Smoothie King Business and it is possible to significantly exceed these costs in many of the areas listed below.
For Free-Standing Drive-Thru Locations
The total estimated initial investment necessary to begin operation of a Smoothie King store in a free-standing drive-thru location ranges from $589,300 to $858,900.
