How much does a Smoothie King franchise cost?
- Initial Franchise Fee: $30,000
- Total Investment: $269,550 to $545,035
- Working Capital: $15,000 to $25,000
- Royalty Fee: 6.0%
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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 it cost to invest in a Smoothie King?
Below are the financial requirements to open a Smoothie King in the United States: Investment Range: Endcap or inline location: $320,301 - $585,465. Free-standing Drive-thru location: $723,501 - $1,184,865.
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 is the best and cheapest franchise to open?
What are the cheapest franchises to buy?Cruise Planners. Franchise fee: $10,995. ... Jazzercise. Franchise fee: $1,250. ... Help-U-Sell Real Estate. Franchise fee: $15,000. ... United Country Real Estate. Franchise fee: $8,000 to $20,000. ... Stratus Building Solutions. ... Anago Cleaning Systems. ... JAN-PRO. ... Dream Vacations.
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.
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.
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 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.
What franchise can I open for 10K?
There are many franchise opportunities to invest in that don't require a huge initial investment....18 Affordable Franchises Under 10K in the U.S.Krispy Krunchy Chicken. ... Java Dave's Coffee House. ... Capriotti's Sandwich Shop. ... MOMLETA / Baby Boot Camp. ... Fit4Mom. ... Jazzercise. ... Social Owl. ... Fastest Feedback.More items...
Do franchise owners make good money?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
Can you buy a franchise with no experience?
So essentially, no you don't need experience in business ownership to be successful however your intrinsic skill set will help you to adapt to franchise ownership quicker and with less issues.
Is Smoothie King publicly traded?
Smoothie King Franchises, Inc., the original U.S. smoothie franchise, is a privately-held, Dallas-based franchise company with over 1,300 locations worldwide.
Who is the Smoothie King CEO?
Wan Kim (Jul 2012–)Smoothie King / CEOFeatured Blogs. The October issue of Entrepreneur Magazine features an 8-page spread on CEO, Wan Kim, discussing his journey with Smoothie King and his evolution to rise above origins and to refuse what society deems ...
What did Smoothie King sell for?
Kim's success was such that, in July 2012, he bought the company from its New Orleans-based founder, Steve Kuhnau, for $50 million.
Are Smoothie King franchises?
Smoothie King Franchises, Inc., the original U.S. smoothie franchise, is a privately held, Dallas-based franchise company with over 1,300 locations worldwide, including in the United States, Korea, Grand Cayman, and Trinidad.
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.
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 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.
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.
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.
