How to open a Tropical Smoothie Cafe franchise?
1 Ensure you have adequate capitalization. ... 2 Appreciate the investment required for a cafe franchise. ... 3 Evaluate your prior experience and strengths. ... 4 Assess market availability. ... 5 Submit your application. ... 6 Receive approval & opening your Tropical Smoothie Cafe franchise. ...
How many Tropical Smoothie Cafes are there?
Tropical Smoothie Cafe is ready to satisfy the cravings of our health-conscious, flavor-craving guests. To keep up with them, we opened 124 Cafes in 2019, and have been recognized as one of 2019’s fastest-growing franchises by Entrepreneur and Nation’s Restaurant News.
Who is the owner of Tropical Smoothie Cafe?
Tropical Smoothie Café is a Georgia LLC organized on June 25, 2012. Charles Watson has been the CEO since December 2018. Tropical Smoothie Café was recognized as one of the Top 10 Fastest-Growing Chains, as well as Entrepreneur’s Best Franchises for Any Budget.
What is TSC Smoothie Cafe?
Tropical Smoothie Cafe, sometimes referred to as Tropical Smoothie, or TSC, is a restaurant franchise in the United States. Tropical Smoothie Cafe, LLC was founded in 1997 and is based in Atlanta, Georgia. In addition to smoothies, the cafes offer sandwiches, wraps, salads, flat breads, and introduced bowls to their food line in 2017.
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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.
How do you buy a tropical smoothie franchise?
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.
Is Tropical Smoothie corporate or franchise?
Tropical Smoothie Cafe, sometimes referred to as Tropical Smoothie, or Tropical, is a restaurant franchise in the United States. In addition to smoothies, the cafes offer sandwiches, wraps, salads, flat breads, and introduced bowls to their food line in 2017.
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...
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.
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.
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.
Who is the CEO of Tropical Smoothie?
Charles Watson (Jun 2018–)Tropical Smoothie Cafe / CEOPassion and brand vision continue to guide the way. Watson was named the growing brand's top executive in 2018.
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
Is Tropical Smoothie healthy?
But while they may seem like a healthy alternative to milkshakes and sodas, smoothies can pack just as much sugar and calories. The average amount of calories and sugar among all of Tropical Smoothie Cafe's smoothies is about 495 calories and 90 grams of sugar.
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 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.
How much money do you need to open a tropical smoothie?
In order to open a Tropical Smoothie Cafe franchise, you must have a net worth of more than $222,000. Appreciate the investment required for a cafe franchise. Evaluate your prior experience and strengths.
Where is Tropical Smoothie located?
Tropical Smoothie Cafe, LLC was founded in 1997 and is based in Atlanta, Georgia.
Where is Tropical Smoothie located?
Tropical Smoothie Café: The Details. The smoothie business started in 1997 in Atlanta, Georgia. The franchisor is under the name Tropical Smoothie Café LLC with an estimated 900 units. It offers various handcrafted premium smoothies made with select fruits and vegetables blended in the café using its proprietary recipes.
How much financing does a franchise get?
Franchisees will get 50-percent financ ing of the initial franchise fee. The other half must be paid in cash. The funding offered is a four-year period with an APR of 6 percent. The franchisor will not receive indirect or direct fees for placing financing.
What is The Mr. Appliance Franchise Cost?
For your home and office appliance needs and repairs, there’s only one name you can trust if you’re in the United States or Canada. Mr. Appliance is a reliable company with decades of experience. The company has been offering franchising opportunities since 1996. So, if you want a money-making venture, learn more about Mr. Appliance’s franchise terms and costs.
How long does franchising training last?
The franchisor will hold an initial training period for the franchisees and a manager. However, if it’s an entity or a corporation, a managing owner (at least 10% interest) must undergo training. The location of the training could be held at a franchise store or a support center. Initial training includes the “Franchise Induction Program.” It lasts ten days and can be extended depending on the franchisee.
How long does it take to become a franchisee?
Franchisees are required to undergo initial training. However, if the franchisee is an entity, then one owner should be designated as the operating principal. The program consists of one week of training. After the classroom training, franchisees then proceed to an actual in-cafe training for three to four weeks.
What events does a franchisor have to attend?
The franchisor may also hold conferences, conventions, and regional meetings and may require franchisees to attend these events.
What do franchisees have to offer for sale?
Franchisees must offer for sale all foods, menu items, products, beverages, goods, and services that the franchisor requires. Also, franchisees must comply with the franchisor’s specifications and standards.
Is Tropical Smoothie Black Owned
a successful and vital part of the community. They also have some very committed patrons, who buy only from their store, because they love the products and its black owned. The business has been open for three years, and going strong.
How Much Does It Cost To Open Frenchys Chicken Franchise
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Do you want to open a restaurant by buying Golden Krust Carribean Bakery & Grill franchise? If YES, here is how much it cost to open Golden Krust franchise successfully. If you are looking towards opening a Golden Krust Caribbean Bakery & Grill Franchise, it will be nice for you to have a preview of
Can Owning A Franchise Make You Rich
The bottom line is that while a franchise can make you independently wealthy, it isnt 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.
Eat Better Feel Better Its Our Mantra
Todays consumers are embracing healthier food options and more active lifestyles. Tropical Smoothie Cafe is ready to satisfy the cravings of our health-conscious, flavor-craving guests. To keep up with them, we opened 124 Cafes in 2019, and have been recognized as one of 2019s fastest-growing franchises by Entrepreneur and Nations Restaurant News.
Tropical Smoothie Caf Franchise Cost Breakdown
Now, lets jump into the full breakdown of Tropical Smoothie Cafe franchise cost. Lets see if buying a franchise of a smoothie cafe business makes sense. Take note that the details below are a compilation from Tropical Smoothie Cafe franchise cost.
Tropical Smoothie Franchise Helps Entrepreneurs Succeed In Food Service
A tropical smoothie franchise presents the opportunity to open your own cafe under a well known brand name. Its well loved menu, large customer base and proven methods help new franchisees achieve profitability in a short time. Furthermore, the company supports franchisees from the start, enabling them meet sales goals.
How much does it cost to open a tropical smoothie?
The Tropical Smoothie franchise fee is $30,000. This is the upfront fee that must be paid when opening a Tropical Smoothie Cafe franchise. You will also pay a grand opening marketing contribution of $10,000.
How many openings per year for tropical smoothies?
On average there has been 100 openings per year for the last three years. The strong consistent growth indicates the success that Tropical Smoothie Cafes have been experiencing. It would be important to find out how many franchisees have multiple cafe locations.
What is a franchise agreement?
A franchise is when a business (franchisor) allows a party (franchisee) to acquire its know-how, procedures, processes, trademarks, intellectual property, use of its business model, brand and rights to sell its products and services. The franchisee signs a contract (franchise agreement) with the franchisor to acquire the franchise and generally has a territory granted to operate. What is a Franchise?… More
How long does it take to open a franchise?
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.
Is Tropical Smoothie Cafe healthy?
Tropical Smoothie Cafe is in a new emerging market of healthy food options. However, this market is starting to grow in popularity with other companies such as Juice it Up, Jamba Juice, and Smoothie King capitalizing on the new wave of healthy eating and living.
How long does it take to train a franchisee for a tropical smoothie?
Training Overview: For the first Tropical Smoothie Cafe restaurant, the initial training is mandatory for franchisees (or, if they are an entity, one owner designated as your “operating principal”) and their approved manager and must be successfully completed within 15 days before opening the franchised business. Initial training consists of approximately one week of classroom training, which may be offered through a virtual training session to accommodate the health and safety of both the franchisees and the trainers. The classroom training is followed by three to four weeks of in-cafe training (three weeks for cafes without a drive-thru and four weeks for cafes with a drive-thru). The franchisor reserves the right to add an additional two weeks of training as a requirement. The franchisor will (in its sole discretion) make available other ongoing continuing education and training programs, meetings, or seminars (on an optional or mandatory basis), that it deems advisable. The franchisor may also host one or more conventions per calendar year, as well as conference telephone calls, which may include education and training. Franchisees and their designated managers must attend and successfully complete all ongoing continuing education and training programs, and must attend all meetings, seminars, conventions, and conference telephone calls, as the franchisor may require.
Who is the franchisor of Tropical Smoothie?
Franchise Description: The franchisor is Tropical Smoothie Café, LLC. Tropical Smoothie Cafe restaurants offer customers a variety of premium, handcrafted smoothies made with select fruit and vegetables blended fresh in the cafe using proprietary recipes, as well as specialty sandwiches, flatbreads, wraps, and bowls.
What does a franchisee need to offer for sale?
Franchisees must offer for sale all menu items, products, foods, beverages, goods, and services that the franchisor requires, in compliance with the franchisor’s standards and specifications.
How long is the franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is 15 years. If franchisees are in good standing and satisfy certain conditions, they may renew for one additional 10-year term.
When is the FDD for Tropical Smoothie Café?
The above information has been compiled from the FDD of Tropical Smoothie Café. Year of FDD: 2021.
Can a franchise offer delivery?
Franchisees cannot offer delivery service without prior approval. Obligations and Restrictions: Franchisees are not required to participate personally in the direct operation of the business. However, the franchisor recommends that they participate.
Does franchising offer financing to franchisees?
Financial Assistance: Neither the franchisor nor any of its agents or affiliates offers direct or indirect financing to franchisees, or guarantees any note, lease or obligation. However, the franchisor currently reduces the initial franchise fee for qualified veterans from $30,000 to $15,000 for the first and each subsequent franchised business developed.
