How much does a Jamba Juice franchise cost?
- Initial Franchise Fee: $35,000
- Total Investment: $290,450 to $560,500
- Working Capital: $15,000 to $45,000
- Royalty Fee: 6.0%
Full Answer
Why is Jamba Juice not more successful?
It just seems that in this economy and culture there is a wealth of innovative designs to the already laid-out foundation made by prior corporations. In other words, Jamba Juice is losing its regular customers to small businesses. (Independent > corporations)
How much money does Jamba Juice make?
Jamba, which sells blended beverages, juices and fruit smoothies, reported third-quarter EPS of $0.15 cents missing the consensus of 18 cents by 16.7% and the year-ago quarter’s earnings of 21 ...
Is Jamba Juice bad for You?
Jamba Juice smoothies are much healthier for you than a Starbucks Frappuccino. Not only is it healthier and better for you, it also gives you that natural energy from the essential vitamins in fruit smoothies. However, Jamba Juice does tend to be on the pricier side compared to drinks at Starbucks.
Does Jamba Juice accept PayPal?
The payments company is also debuting a new ordering feature for Jamba Juice, which allows users to pre-pay via PayPal and order their smoothies or other food items ahead.
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How much does it cost to open Jamba Juice?
If franchisees operate a food truck or robotic kiosk, the franchisor may, in its sole discretion, offer them one additional five-year renewal term....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
How much do you need to buy a Jamba Juice franchise?
What Does a Jamba Juice Franchise Cost? To buy a franchise with Jamba Juice, 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 $236,100 - $501,800.
How much does an average Jamba Juice franchise make?
What do Jamba franchise owners make? According to the latest figures from the brand, the average net sales for the fiscal year 2021 per location is $754,052 (calculated from 592 franchises in traditional locations and 747 total franchises in operation as of Dec. 31, 2021).
What franchise is the most profitable?
Most Profitable FranchisesAnytime Fitness. Anytime Fitness is a popular gym brand with a low-cost investment and high revenue potential. ... McDonald's. McDonald's franchise program is one of the most established in the fast food industry. ... UPS Store. ... Jersey Mike's Subs. ... Dunkin' ... Sport Clips. ... 7-Eleven. ... Papa John's.
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 a Subway franchise?
How much is the franchisee fee? The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
How do you get a Starbucks franchise?
You can't. Starbucks Coffee doesn't franchise. Even though franchising is a classic, successful growth strategy for myriad beloved, familiar brands, Starbucks does not grant franchises. It's not because franchising isn't a time-tested model for growth.
How much does it cost to open up 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.
How much is Smoothie King worth?
In the late 2010s, the company was focusing on whole and unmodified ingredients. Smoothie King Franchises, Inc....Smoothie King.Trade nameSmoothie KingRevenueUS$415.7 million (FY 2018) $372.5 million (FY 2017)Websitewww.smoothieking.com8 more rows
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.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How do you get a Starbucks franchise?
You can't. Starbucks Coffee doesn't franchise. Even though franchising is a classic, successful growth strategy for myriad beloved, familiar brands, Starbucks does not grant franchises. It's not because franchising isn't a time-tested model for growth.
How much does it cost to open up 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 Nectar a franchise?
Nékter Juice Bar is one of the most successful concepts in the franchise world. In addition to our low build-out costs and competitive franchise fees, we offer our new franchise owners extensive support that includes comprehensive training, full-service marketing, and ongoing operational assistance.
Who owns Keva Juice?
Grant HawsThe Keva Juice concept began in 1995 when Grant Haws (CEO and founder) and a group of friends aka the Keva Tribe decided to create an upbeat yet upscale place where people could enjoy the best tasting smoothies made with the highest quality ingredients.
What does a Jamba Juice Franchise Cost?
Jamba Juice offers traditional, drive-thru, and non traditional models. The initial investment ranges from $238,600-$504,300. For single models, a credit score of 700+, liquid capital of $125,000+ and net worth of over $350,000 is required. For multiple units, the requirements of both professional backgrounds and skill sets are determined on a case-by-case basis.
How much does it cost to own a jamba juice?
Jamba Juice offers traditional, drive-thru, and non traditional models. The initial investment ranges from $238,600-$504,300. For single models, a credit score of 700+, liquid capital of $125,000+ and net worth of over $350,000 is required. For multiple units, the requirements of both professional backgrounds and skill sets are determined on a case-by-case basis.
What is Jamba's mission?
Our mission is to “inspire and simplify healthy living”. Accordingly, we’re looking for like minded individuals who share the same passion for helping others live a healthier, higher quality life. As a Jamba Franchise Owner you should share our vision for providing an industry-leading product and understand the importance that exceptional service plays in a businesses' success. We want to partner with Franchise Owners who are hungry to succeed, grow into multiple locations and who will take pride in owning their piece of the biggest brand of its kind.
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Is Jamba made with real ingredients?
At Jamba, we're known for high quality, convenient and flavorful blends that are made with real ingredients: whole fruits, vegetables, no artificial flavors or preservatives, and no high fructose corn syrup. We continue to work tirelessly in our test kitchen to perfectly combine flavor, nutrition and innovation into every item on our menu; from our smoothies, to juices, bowls, and better-for-you snacks.
Background
For nearly 30 years we have spent time learning how to become the biggest and best brand in our industry and today we are proud to be the world's leading smoothie company known for serving up premium, hand-crafted blends of nature's wholesome ingredients.
Support and Training Offered By Jamba Juice
Financial Assistance Provided: No Site Selection Assistance: Yes Lease Negotiation Assistance: Yes Recruiting Assistance: No Co-Operative Advertising: Yes Training: Franchise Owners start to feel the power of the brand and support system from day one.
Franchises Similar to Jamba Juice
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
Who is the founder of Jamba Juice?
Jamba Juice Founder, Kirk Perron, had a passion for biking, healthy living, having fun and entrepreneurship. In 1990, after a workout, he was sipping on a smoothie enjoying a moment of simple bliss when he experienced the proverbial “light bulb” moment, “How can I bring this bliss to the rest of the world?” Kirk began the company with a blender and a big idea: to inspire and simplify healthy living.
Where is Jamba Juice located?
Jamba Juice started as one small store in the beach town of San Luis Obispo with a simple mission: to serve their customers delicious products that support a healthier lifestyle. After almost thirty years, Jamba Juice remains rooted in this wholesome purpose
How much does Jamba Juice franchise cost?
With Jamba Juice, they have an initial franchise fee of between $5,000 and $25,000. However, your total investment can be anywhere from $110,000 to $520,800. The initial agreement term is for 10 years and then you can renew the contract for another 10 years if you choose to.
How many franchises does Jamba Juice have?
Back in 2010, there were a total of 387 franchise outlets for Jamba Juice. And by the time 2017 rolled around, that number jumped to a total of 749 franchise outlets operating. As you can see, this franchise business is decently popular. And the turnover rate for this company is pretty low as well. Which gives us the idea that the company is in pretty good health.
What to do if Jamba Juice is calling your name?
So, if Jamba Juice is calling your name, then get in contact with the company to grab more information on this opportunity. You can then follow through with the application and be on your way to having the best or maybe even the best juice bar in your neighborhood.
How much is royalty on advertising?
During those 10 years, you will be responsible for paying ongoing royalty an advertising fees that are based on your gross sales. The normal advertising fee is 4%. But the royalty fee depends on the number and type of stores you own.
Is Jamba Juice a good franchise?
Which is why I believe that this company makes for a great franchise opportunity. It offers stability and assurance. You can feel rest assured that as a franchise owner for Jamba Juice, you will have a loyal group of customers that already love the products.
Does Jamba Juice care about customers?
And honestly, that’s not as easy as it sounds. But with Jamba Juice, they know what they are doing. And they care about the well-being of their customers.
Is it important to go to a trusted juice bar?
I think that with the many juice bars and healthy food establishments that are around these days, it’s never been more important than it is now to ensure you can go to a store you can trust. With the ingredients that you can trust.
Investment Level Analysis
See how the investment level of Jamba Juice's compares to those of other available coffee/beverage related franchises.
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