How much does a Tropical Smoothie franchise owner make?
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. From the moment you allocate your capital to invest in a food franchise, it can take up to a year to open the location and pass the breakeven point.
What makes Tropical Smoothie Cafe different from the competition?
What clearly distinguishes Tropical Smoothie Cafe from the competition is our balanced mix of smoothies and food, serving multiple dayparts: breakfast, lunch, dinner, dessert, and snack and multiple revenue streams like dine-in, drive-thru, delivery, and catering.
How much money does Tropical Café have?
In 2020, Tropical Café Smoothie had a net income of $7.6 million, and their cash, cash equivalents, and restricted cash was $31.3 million at the end of 2020 an almost 100% increase from the cash they started with at the beginning of the year.
How much money can you make owning a franchise?
The highest-earning franchise made over $2.7 million in revenue, while the lowest-earning franchise made $351,000. These figures indicate that there is a wide spread of the potential earnings you can make, and it depends on how well the business is run, the location, and amount of time in operation.
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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.
How much does it take to start a tropical smoothie?
How much does it cost to open a Tropical Smoothie Cafe? A new Cafe investment is between $277,000 and $584,000†. The average cost is approximately $400,000†, costs vary by location.
Can you franchise Tropical Smoothie Cafe?
The Tropical Smoothie Cafe® franchise opportunity is one of the industry's fastest growing. Now is the time to own your market and bring a happy escape and healthier options to your community.
What is the total investment needed for Tropical Smoothie Cafe?
What Does a Tropical Smoothie Cafe Franchise Cost? To buy a franchise with Tropical Smoothie Cafe, 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 $198,500 - $543,500.
What is the most profitable franchise?
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.
Is Tropical Smoothie privately owned?
Tropical Smoothie Cafe, sometimes referred to as Tropical Smoothie, or Tropical, is a restaurant franchise in the United States....Tropical Smoothie Cafe.Exterior of a franchise in Fort Lauderdale, FloridaTypePrivateIndustryCafeGenreFast CasualFounded1997 Destin, Florida, U.S.12 more rows
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 money do you need to open a Chipotle franchise?
Estimated Chipotle Franchise CostType of ExpenditureEstimated AmountLowHighChipotle Franchise Fee (if they franchised)$20,000$25,000Real Estate Purchase or Lease(may vary substantially based upon the location)Site Preparation and Completion Costs$150,000$400,00011 more rows•Jul 19, 2022
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
How many locations does Tropical Smoothie Cafe have?
Every day, we serve up great-tasting, nutritious food and smoothies at more than 1,150 locations in the U.S., with more in development. Here are some highlights of our history and incredible growth.
Is Tropical Smoothie privately owned?
Tropical Smoothie Cafe, sometimes referred to as Tropical Smoothie, or Tropical, is a restaurant franchise in the United States....Tropical Smoothie Cafe.Exterior of a franchise in Fort Lauderdale, FloridaTypePrivateIndustryCafeGenreFast CasualFounded1997 Destin, Florida, U.S.12 more rows
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.
Is Tropical Smoothie publicly traded?
The chain could be valued around $1 billion. Tropical Smoothie Cafe also opened a record-breaking 133 new stores in 2021. Coming off a record year, Tropical Smoothie Cafe is reportedly planning to go public later in 2022, according to Bloomberg.