How many Smoothie King locations are there in the US?
What It Costs to Open a Smoothie Franchise At Smoothie King, we pride ourselves on being an industry leader in the smoothie bar segment. With more than 1,300 locationsand over 45 years of brand equity, we continue to carve out a niche market in the food and beverage industry.
Is Smoothie King a good franchise to own?
Founded in 1973, Smoothie King has evolved into a lifestyle brand inspiring people to live healthy and active lifestyles via nutritious, great-tasting smoothies. The franchise earned the No. 1 ranking in the smoothie/juice bar category, and No. 14 overall, on Entrepreneur's prestigious Franchise 500 list in 2020.
When will the Smoothie King FDD be available?
Please refer to the Smoothie King FDD with an issuance date of April 15, 2022. our Franchise Kit. Why do you want to own a Smoothie King?
Is Smoothie King good for You?
By creating each smoothie with a purpose, Smoothie King makes it simple and pleasurable for guests to achieve their individual health goals. We also offer a number of better-for-you retail products, including sports beverages, energy bars, vitamin supplements and more.
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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.
What is the most profitable franchise?
Top 14 Most Profitable FranchisesMcDonald's. Units in operation: 39,360. ... Dunkin Donuts. Units in operation: 12,800. ... Taco Bell. Units in operation 12,800. ... Subway Franchise. Offers Financing: Yes. ... Anytime Fitness Franchise. Units in operation: 4,904. ... Sonic. Royalty: 2.5% - 5.0% ... Planet Fitness. Royalty 7.0% ... Orangetheory Fitness.More items...
Who owns the Smoothie King franchise?
SK USA, Inc.In July 2012, Smoothie King co-founders, Steve and Cindy Kuhnau, sold the brand to SK USA, Inc., headed by CEO Wan Kim, a successful franchisee with more than 100 stores throughout South Korea.
How much do franchise owners make a year?
about 80,000 dollarsAccording to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
How much does a BK owner make?
These numbers indicate that potential earnings can vary significantly and it depends on how well the business is run, the location, and other factors. We can estimate that based on net revenue of $1,351,000 and a profit margin of 13%, the average Burger King franchise compensation is $175,630 per year.
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
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 much is a Starbucks franchise?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
How much does an average Smoothie King make?
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 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.
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 owning a franchise a full time job?
Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.
Do franchise owners have to work?
Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
How much does a Subway owner make?
Subway Salary FAQs The average salary for an Owner is $122,790 per year in United States, which is 35% higher than the average Subway salary of $90,583 per year for this job.
How much is a Wendy's franchise?
Does it include start-up supplies and training? The standard franchise fee is $50,000 for a franchise agreement with a term of 20 years.
How much is it to buy 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.
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.
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 Smoothie King competitors?
Smoothie King's competitors and similar companies include SSP Group, Subway, The Cheesecake Factory and KFC.
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 much does a 7-Eleven franchise owner make?
The estimated base pay is $82,642 per year. The estimated additional pay is $58,474 per year. Additional pay could include bonus, stock, commission, profit sharing or tips.
Is owning a franchise profitable?
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.
What is the fastest growing franchise in the world?
Browse franchises by categoryFranchise name/rankCategory/Description# 1 7-ElevenConvenience Stores Convenience stores# 2 Century 21 Real EstateReal Estate Real estate# 3 KFCChicken Chicken# 4 Stratus Building SolutionsCommercial Cleaning Environmentally friendly commercial cleaning and disinfecting6 more rows
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.
