How much does a Robeks Premium Fruit Smoothies franchise cost?
- Initial Franchise Fee: $30,000
- Total Investment: $228,450 to $340,000
- Working Capital: $5,000 to $15,000
- Royalty Fee: 7.0%
Full Answer
How much does it cost to open a smoothie franchise?
Cost of Opening a Smoothie Franchise If you decide to go the franchise route, expect franchise fees along with standard restaurant opening costs. With an average of $25,000 - $30,000 in fees, opening a smoothie franchise like Smoothie King costs between $250,000 - $850,000+.
Who is robeks owned by?
Robeks is a smoothie franchise chain headquartered in Los Angeles, California, USA. Founded in 1996 by David Robertson, a former investment banker, as of January 2021, the company has 83 franchise locations.
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 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.
When was Robeks founded?
1996Robeks / FoundedIt was a sunny day when the very first Robeks was founded in 1996 in Southern California. We wanted a new juice spot that had better recipes, better taste, and better service than any other restaurant out there.
Why do you want to work at Robeks?
Why do I want to work at Robeks? Working at Robeks is often a great choice for students because the work schedule can flex to fit around classes. There are also free and discounted smoothie options for employees. The company began in Los Angeles in 1996 and has been growing steadily ever since.
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.
How much does an 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.
How much does a tropical smoothie franchise owner make?
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.
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.
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.
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.
Who is the owner of Smoothie King?
Wan Kim was first introduced to Smoothie King while studying at Boston University before going on to earn his MBA at the University of California at Irvine. Wan became a huge fan of the concept and opened the first international Smoothie King location in South Korea in 2003.
What Does a Robeks Franchise Cost?
To buy a franchise with Robeks, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $300,000. Franchisees can expect to make a total investment of $245,000 - $329,500. They also offer financing via 3rd party. *
When did Dave Robertson start his smoothie business?
When Dave Robertson launched our first store in Southern California in 1996, the idea of building a business around smoothies must have seemed crazy. 20+ years later, our smoothies, juices and bowls are an integral part of the community fabric all across the country.
Is Robeks a good company?
Robeks has always been ahead of its time (and its competitors) when it comes to innovation and quality. We introduced many to raw juices, nutritional enhancements, Acai Bowls, Greek Yogurt smoothies and many, many more products as good for you as they are delicious. Our key leadership team members are either current or past franchise owners, people who believe in the Robeks way, down to their core. Our secret ingredient? Passionately believing in providing great tasting, great for you, high integrity products, presented authentically, to ensure an energizing guest experience - leading to happy, high frequency customers.
Robeks Corporation
Robeks is a forerunner in the wholesome juice and healthful smoothie category using fruits and vegetables at the peak of their freshness for a delicious taste and quality nutrients.
About Robeks Corporation
Celebrating its 25th anniversary this year, Robeks is a forerunner in the wholesome juice and healthful smoothie category using fruits and vegetables at the peak of their freshness for a delicious taste and quality nutrients.
Available Franchise Opportunities
While Robeks Corporation is not currently accepting new applicants on Franchising.com, these other similar opportunities are actively looking for new franchisees.
When did Robeks start?
Seeking healthier fast food options, David Robertson took matters into his own hands by opening the first Robeks in Los Angeles in 1996. Robeks began franchising in 2001. The stores serve juices, smoothies, shakes, supplements, sandwiches, salads and snacks.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
How long is a franchise agreement?
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
What is the purpose of royalty fee?
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
How many Robeks stores were in operation in 2017?
2017 average, median, high, and low net sales for the first quintile, second quintile, third quintile, fourth quintile, fifth quintile, and all 67 Robeks traditional stores in the U.S. that were in operation for the entire 53 weeks ended December 31, 2017.
How many groups are there in Robeks?
The “Group” column divides the reporting “traditional” Robeks stores into five groups based on the relative Net Sales performance of the stores in 2017. For example, the “First Quintile” group refers to a group of the top 20% performing Robeks stores based on Net Sales achieved in 2017, the “Second Quintile” group refers to a group of the next 20% performing stores based on 2017 net sales, and so on.
How many points does Robeks Rewards have?
9. In addition to online ordering, the Robeks Rewards loyalty program was fully integrated into the online initiative. The loyalty program is points-based with 12 points equaling one “rewards dollar” that can be put toward any in-store purchase and now online purchases as well. Loyalty members also receive a free small classic smoothie on their birthday.
Is Robeks vegan?
This latest menu iteration at Robeks features a few new categories of products, one being a superfood-powered smoothie category with ingredients such as spirulina, flax seed, and turmeric that come together in tasty, unique recipes. They are also 100% dairy-free and 100% vegan.
Is Robeks sales information audited?
The information in the charts below was prepared from sales information provided to Robeks by franchisees. The franchisees’ sales information is not audited.
Who is the president of Robeks?
13. David Rawnsley, president of Robeks, said, “Robeks is built on a solid foundation of franchisees dedicated to providing fresh juices and smoothies to customers, so we feel the time is right to expand on that foundation and grow the brand. We used 2017 as an opportunity to assess the brand, identify areas for evolution and begin expansion, and now that 2018 is here we’re full steam ahead.”
Do financial performance representation figures reflect expenses?
The financial performance representation figures do not reflect all costs and expenses that must be deducted from the gross revenue or gross sales figures to obtain your net income or profit.
