Is a Planet Smoothie franchise a good investment?
The investment for a Planet Smoothie is significantly less than other juice and smoothie brands. Planet Smoothie’s flexible footprint allows franchise owners to start at the size they want, and then scale up into a larger location, and its business model supports easy expansion into multiple units. Ready To Own A Planet Smoothie?
Why planet Smoothie?
For over 20 years, Planet Smoothie has stood out in the smoothie industry by delivering delicious tasting smoothies without any of the junk. We use only the best, freshest ingredients, and our customers find reasons to visit us from morning to night.
Is the American smoothie boom real?
The American smoothie boom is real. As more and more Americans become educated on fitness and health, millions are turning to smoothies for an accessible, convenient and delicious way to promote an active and healthy lifestyle.
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Is Planet Smoothie owned by Planet Fitness?
Planet Smoothie is a franchise system, so each store is independently owned and operated by a team of amazing entrepreneurs. Planet Smoothie is part of the Kahala Brands™ family that provides our dedicated store owners with a world-class brand and support system.
Do Smoothie King franchises make money?
2021 Smoothie King Median Franchise Sales: $573,269 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. This is longer than other franchise opportunities.
How much do you make owning a tropical smoothie?
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.
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.
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?
The Franchise fee of McDonald's goes for around 30 lakhs INR; however, this fee is also attached with a 4 % monthly royalty fee as service fees to the brand. The actual investment amount differs, a business owner needs to keep a rough estimate of around 6 to 14 Crores.
What is the franchise fee for Dunkin Donuts?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
How much is it to buy a Taco Bell franchise?
Costs overview Franchising fee: It costs between $25,000 and close to $50,000 for the initial franchise fee. This, too, will vary depending on the details of your specific Taco Bell franchise. Net worth: The current net-worth requirement is around $1.5 million worth of assets.
Is Jamba Juice a franchise?
Franchise Description: Jamba Juice Franchisor SPV LLC is the franchisor. The franchisor is an indirect, wholly-owned subsidiary of Focus Brands Inc....Jamba Franchise Costs & Fees.Name of FeeLowHighInitial Franchise Fee$35,500$35,500Construction and Build Out Costs$93,000$396,000Permitting$500$17,500Equipment Package$29,000$90,00019 more rows
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.
Are smoothies 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 money do you need to start a smoothie business?
The average startup capital necessary to open a smoothie shop is $60,000. It's very common for smoothie shop owners to cover these costs by applying for small business loans and commercial loans, as well as by opening up a business line of credit.
How much does the average Smoothie King make?
Average Smoothie King hourly pay ranges from approximately $7.25 per hour for Trainer to $23.37 per hour for Development Coordinator. The average Smoothie King salary ranges from approximately $23,000 per year for Restaurant Staff to $96,708 per year for Construction Manager.
Who are 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.
How many Smoothie King Franchises are there?
Number of Smoothie King stores in the United States in 2022 There are 1,136 Smoothie King stores in the United States as of October 13, 2022. The state with the most number of Smoothie King locations in the US is Texas, with 268 stores, which is about 24% of all Smoothie King stores in the US.
Is Smoothie King actually healthy?
When it comes to Smoothie King and our smoothie blends, the answer is a resounding yes! You'll get the health-maximizing benefits of natural, real fruits with 0 grams added sugars. Such a healthy approach, however, is not common to many other smoothie shops.
What is Planet Smoothie?
Planet Smoothie is a simple, easy-to-operate business that doesn’t require any prior food experience. The smoothie market is strong and growing, and we stand out with a menu built around real fruit and other healthier ingredients.
Why are smoothies so popular?
As more and more Americans become educated on fitness and health, millions are turning to smoothies for an accessible, convenient and delicious way to promote an active and healthy lifestyle. In fact, smoothies have become a multibillion-dollar industry and the Planet Smoothie franchise is helping entrepreneurs with a passion for wellness ...
Is Planet Smoothie a franchise?
As a franchise opportunity, Planet Smoothie is a low-cost investment and offers an established, simple-to-run business model and exceptional ongoing support from Kahala Brand s, one of the largest franchisors in the world. With more than 150 locations open across the country, Planet Smoothie is actively looking for entrepreneurs who want ...
How much does a Planet Smoothie franchise cost?
How much does Planet Smoothie franchise cost? Planet Smoothie has the franchise fee of up to $25,000, with a total initial investment range of $76,150 to $329,250. Initial Investment: $76,150 - $329,250.
How much money do you need to open a Planet Smoothie?
In order to open a Planet Smoothie store franchise, you must have a net worth of more than $150,000. Appreciate the investment required for a store franchise. You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
What is a planet smoothie?
The company sells fresh fruit smoothies and juices. That means the Planet Smoothie franchise provides fine opportunities to promote an active and healthy lifestyle. The company suggests entrepreneurs who are keen on wellness starting a Planet Smoothie store franchise in their region.
How long does a Planet Smoothie lease last?
Term of Agreement and Renewal: If franchisees are purchasing a new or existing non-operating Planet Smoothie restaurant, the term is (i) 10 years from the date the restaurant opens to the public if they own the property, or enter into a lease directly with the landlord or other third party, or (ii) the term of the sublease if franchisees enter into a sublease with a Kahala Franchising affiliate excluding any extensions or renewal options. If franchisees are not in default and satisfy certain conditions, they may renew for a single renewal term of five years, with no further right to renew at the end of the renewal term.
How long does a franchisor have to work with a franchisee?
The franchisor will provide one of its representatives to come to the franchisee’s restaurant during opening week for up to four days at its expense to work with the franchisee and the manager on the grand opening, and on operating and marketing the restaurant.
Where is franchise training held?
The classroom portion of the Training Program will be held at KTEC (Kahala Training & Education Center), which is located at the franchisor’s corporate offices in Scottsdale, Arizona, and the in-store portion of the training program will be held at the franchisee’s restaurant location or at such other location (s) as the franchisor may designate in its sole discretion. Currently, training consists of New Owner Training, which is 40 hours of classroom training, and In-Store Training, which is 24 hours of on-the-job training held during the franchisee’s opening week. The franchisor will provide one of its representatives to come to the franchisee’s restaurant during opening week for up to four days at its expense to work with the franchisee and the manager on the grand opening, and on operating and marketing the restaurant. The franchisor may, in the future, hold refresher or additional training programs, conferences and seminars. The franchisee’s attendance at these programs is mandatory.
Can a Planet Smoothie franchise be used for other business?
The franchisor requires that the business is solely that of a Planet Smoothie restaurant, and franchisees may not conduct any other business or activity at the site of the restaurant without the franchisor’s prior written approval.
Does Planet Smoothie require a franchise?
Obligations and Restrictions: While the Franchise Agreement does not specifically require franchisees or their principals to personally participate in the direct operation of the franchise, it is the franchisor’s intention to select as Planet Smoothie franchisees only those who plan to actively participate in the direct operation and daily affairs of the Planet Smoothie restaurant. The franchise must be personally managed with on-premises supervision and directly operated by franchisees or another partner, shareholder or member of the business organization, or a manager who must have successfully completed the training program. If franchisees are an individual, they (and their spouse, if married) must sign the Guaranty of Franchise Agreement in which they (and their spouse, if married) agree to perform, and guarantee, all of the franchisee’s obligations to the franchisor and its affiliates contained in the Franchise Agreement, and if franchisees purchase a corporate restaurant, they (and their spouses, if married) must also sign the Guaranty of Promissory Note and Security Agreement and Guaranty of Sublease in which franchisees (and their spouses, if married) agree to perform, and guarantee, all of the franchisee's obligations to the franchisor and its affiliates contained in the Promissory Note and Security Agreement, and all of the sublessee’s obligations to the franchisor and its affiliates contained in the Sublease. The franchisor requires that the business is solely that of a Planet Smoothie restaurant, and franchisees may not conduct any other business or activity at the site of the restaurant without the franchisor’s prior written approval. For traditional Planet Smoothie franchises, franchisees must offer the full menu prescribed by the franchisor, subject to change from time to time in its sole discretion. Non-traditional Planet Smoothie franchises may offer a more limited menu than the traditional Planet Smoothie franchises, as detailed in the operations manual.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer any direct or indirect financing or financing arrangement, nor will it guaranty a franchisee’s obligations under any note or other obligation, except potentially for the lease for a franchisee’s site or if franchisees purchase a restaurant corporate-owned “as-is” by one of the franchisor’s affiliates, and only in its sole and absolute discretion.
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How much does it cost to open a Planet Smoothie?
The estimated investment required to open a Planet Smoothie Franchise is between $190,150-$358,500. There is an initial franchise fee of $12,000-$25,000 which grants you the license to run a business under the Planet Smoothie name.
Where is Planet Smoothie located?
Hands-on experience in operating a Planet Smoothie restaurant in Atlanta, Georgia. This covers all facets of operating the Planet Smoothie business. A Planet Smoothie representative will then assist you at the opening of your first restaurant.
What is Planet Smoothie known for?
We are known for our solid fixings, sweeteners and supplements - and that has helped our image build up a colossal after. Sound disapproved of customers run to Planet Smoothie and regularly make us a player in their every day schedule. That is on account of we're as advantageous as we are solid. It just takes two or three minutes to stop by a Planet Smoothie, put in a request and be en route. Simply take a gander at our area in New York City's Penn Station, where blenders are humming always to stay aware of workers anxious to get a solid dinner substitution or nibble.
Is Planet Smoothie expanding?
Planet Smoothie Franchise Expanding in Dallas#N#The Planet Smoothie franchise plans to open 20 stores within the next three to four years in North Texas, according to Area Developer Blair Ritchey. Ritchey said that he would like to expand the Planet Smoothie franchise into market areas throughout the North Texas area. There are big opportuniti...
What Does a Planet Smoothie Franchise Cost?
Franchisees can expect to make a total investment of $122,150 - $327,550. Planet Smoothie charges a franchise fee of $25,000. They also offer financing via 3rd party as well as a discount for veterans (20% discount off of initial franchise fee). *
How much does it cost to buy a Planet Smoothie franchise?
Franchisees can expect to make a total investment of $122,150 - $327,550. Planet Smoothie charges a franchise fee of $25,000.
What is a Planet Smoothie franchise?
A Planet Smoothie Franchisee is expected to be an outgoing personality and also have so much desire to provide his customers a healthier food option. You will be expected to have the zeal to go into the community and introduce your store to the people.
What is Planet Smoothie?
Planet Smoothie is known for making healthy smoothies and that alone has helped the brand to develop a large followership among its numerous customers that seem to be growing by the day.
Who Make a Great Planet Smoothie Franchisee?
A Planet Smoothie franchisee should have an outgoing personality and a desire to provide customers a healthier option. You should also enjoy going out into the community to meet new people and let them know about your store. Building partnerships in the community is key to growing revenue for your store. We provide a detailed game plan to help you build awareness, and executing the game plan can be half the fun of owning a store: You get to be the person who makes the community a little bit better and a little bit healthier, and communities love that!
How much does it cost to open a Planet Smoothie?
Many food concepts can cost $1 million or more to open and can require dozens of employees, but the startup costs for a Planet Smoothie franchise range from $91,600 to $384,500, depending on whether you open an alternative, kiosk-style location, a traditional shopping center location or a dual-branded store with Tasti D-Lite®.
What is Planet Smoothie training?
Our training program provides an overview of the business and franchise industry, details on center operations, our insights into providing exceptional customer service, details about the products that go into your smoothies and distribution, instruction in how to use the Planet Smoothie point of sale system and our internal communications portal, financial management instruction, and more. You’ll also learn about store-opening procedures, food-product handling, sanitation procedures, back-office administration, equipment operation, storage and store management.
How much did the smoothie market make in 2011?
The smoothie market hit $2.4 billion in 2011 — nearly doubling over the previous five years — according to research by Mintel Intelligence Group.
How long does it take to train at Planet Smoothie?
Training takes place four to 10 weeks before your store opens and five days of classroom training at our Scottsdale, AZ headquarters, as well as five days of in-store training at an operating Planet Smoothie.
Who owns Planet Smoothie?
In 2015, Kahala Brands acquired Planet Smoothie, and our leadership team — which consists of franchise executives who have successfully launched more than 2,000 franchise stores for brands including Cold Stone Creamery, Yogen Früz, and Blimpie — had an immediate positive impact on the brand. Our President and CEO, Michael Serruya, started his career in franchising with the International Franchise Association, where he gained broad insight into the best practices that have made franchising such a powerful vehicle for success. Those best practices are now helping drive sales for our franchisees at Planet Smoothie.
Is smoothie easy to prepare?
Smoothies are simple to prepare — it’s all blending, no cooking — so training new employees is a breeze. That makes it much easier to scale your business as it grows. The simplicity of the business model also makes it easier to manage. That helps you as you master your new smoothie franchise, and when you are ready to expand to a second, third or ninth location, that simplicity will make it easier for you to hire general managers.
