How do I become a Smoothie King franchise owner?
In order to open a Smoothie King franchise, you must have a net worth of more than $300,000. Appreciate the investment required for a juicy bar franchise. Evaluate your prior experience and strengths. You should thoroughly evaluate your prior business experience before applying to become a Smoothie King franchise owner. Assess market availability.
How much does it cost to start Smoothie King juicy bar?
- In the United States, the total investment to start the Smoothie King juicy bar is around $269,550 to $845,985. - In currency of the United Kingdom, the investment comes around £189,100 to £606,100.
How many Smoothie King locations are there worldwide?
Entrepreneur magazine’s Franchise 500 has also recognized Smoothie King as No. 1 in its category for 23 years. The brand has grown consistently for 44 years, translating to 850 plus locations around the world.
How much does it cost to open a Pizza Hut franchise?
The typical investment range is between $268,900 and $858,900, which includes a $25,000 – $30,000 franchise fee. Single-unit owners’ minimum net worth is normally $300,000, with $100,000 minimum liquidity. The investment capital is necessary to finance site build-out, signage, equipment, inventory and a variety of other expenses.
See more
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 does a Smoothie King owner make a year?
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 an average Smoothie King make?
Average Smoothie King hourly pay ranges from approximately $7.25 per hour for Performer 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 do you become a Smoothie King owner?
Below are the financial requirements to open a Smoothie King in the United States:Investment Range: Endcap or inline location: $320,301 - $585,465. Free-standing Drive-thru location: $723,501 - $1,184,865.Minimum Net Worth (1 Store): $300,000.Minimum Liquidity (1 Store): $100,000.Minimum Credit Score: 700.
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 many smoothies does Smoothie King sell a day?
Simpson said his store goes through 700 pounds of bananas each week, and sells an average of 200 to 250 smoothies a day, except on Fridays when a $5 special on medium-size drinks doubles that amount. A 20-ounce smoothie costs $5.29, a medium is $6.99 and The King, a 40-ounce smoothie, sells for $8.49.
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.
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.
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.
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
Who is the Smoothie King CEO?
Wan Kim (Jul 2012–)Smoothie King / CEOThe October issue of Entrepreneur Magazine features an 8-page spread on CEO, Wan Kim, discussing his journey with Smoothie King and his evolution to rise above origins and to refuse what society deems ...
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 do I start a smoothie truck?
We've created a 9-step juice bar guide to help you get started.Choose a Juice Bar Concept and Brand. ... Write a Juice Bar Business Plan. ... Obtain Juice Bar Funding. ... Choose a Juice and Smoothie Shop Location. ... Obtain Permits and Licenses for Your Juice Shop. ... Juice Bar Equipment and Supplies. ... Hire Juice Bar Staff.More items...•
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 money do you need to open a Smoothie King?
In order to open a Smoothie King franchise, you must have a net worth of more than $300,000. Appreciate the investment required for a juicy bar franchise. Evaluate your prior experience and strengths.
Where is Smoothie King located?
The company was founded in 1973 and is based in Metairie, Louisiana. Smoothie King Franchises, Inc. owns, operates, and franchises a chain of smoothie bars and nutritional lifestyle centers in the United States, the Cayman Islands, Korea, and Singapore.
Store Closure Due To Racist Remarks On The Receipts
Two store locations of Smoothie King in Charlotte, N.C., were closed in 2019 after racist remarks were allegedly added to the receipt of customers. It was a disrespectful experience for the customers who received it, and they found it entirely inappropriate to use such language. Again, such incidents are wrong for a brands ethical image in society.
What It Takes To Own A Leading Smoothie Franchise
The following costs are excerpted from Smoothie King’s Franchise Disclosure Document and are estimated. Each Smoothie King franchise owner has the right to initially develop one store for the franchise fee of $30,000.
The Smoothie King Purpose
Smoothie King Franchises, Inc., is a privately held, Dallas-area-based franchise company with nearly 1,300 units worldwide. By creating each Smoothie with a “purpose”, Smoothie King makes it simple and pleasurable for guests to achieve their individual health goals.
How Much Is The Smoothie King Franchise Fee
Smoothie King has two different types of franchises, each with different fees: traditional and non-traditional.
How Much Money Can I Make
Since the actual results of individual franchises are based on factors that are not within the control of Smoothie King, we do not provide estimates of profits or revenues.
How Much Can I Make With A Smoothie King Franchise
Smoothie King was ranked no. 1 on Entrepreneurs annual Franchise 500 list, so many people clearly regard it as a lucrative franchising opportunity. They have a simple core product offering and a cost-effective POS system for making sales. Franchises also partner with vendors to keep supply costs competitive and prices affordable.
How Much Does Smoothie King Franchise Cost
Looking for a business to franchise? Why dont you try Smoothie King? This company offers the first ever freshly blended, nutritional fruit smoothies. Smoothie King also offers healthy sports beverages, healthy snacks, energy bars, herbs, minerals, vitamin supplements, and other sport nutrition products.
How much does it cost to become a Smoothie King franchisee?
After receiving your franchise agreement and waiting seven calendar days, you will then execute your agreement and send in the initial franchise fee of $30,000. Once the agreement and franchise fee have been received and finalized, you will be an official franchisee. Congratulations, you have made the decision to Rule Your Future as a Smoothie King franchisee!
How long is the franchise training?
Training will take place closer to your store opening. This is a two-week, required class held at our Home Office for all franchisees and managers. This comprehensive, hands-on course will familiarize you with our core product knowledge and our operational systems.
Do you need restaurant experience to franchise smoothies?
While restaurant experience is not required, the ideal candidate should have an entrepreneurial spirit and experience in sales, marketing, restaurant, and/or retail.
How much capital do you need to open a Smoothie King?
The capital required to open a unit is $50,000. You need to have a total net worth of $100,000 if you want to become an owner. $148,000 is the minimum that Smoothie King expects its owners will need to invest in a new location.
How many Smoothie King stores are there in the US?
Since 1989, Smoothie King has been named #1 franchise in their category 16 times. Smoothie King has over 600 locations operating in the continental US and Seoul, Korea and is currently developing additional stores across the United States. Start your business!
Where is Smoothie King located?
Smoothie King is a privately held New Orleans, Louisiana-area based Franchise Company and is the premier Smoothie Bar and Nutritional Lifestyle Center in the industry. Smoothie King Centers offer their guests the industry’s first and original nutritional fruit and function-based, fresh blended smoothies. Each “Lifestyle Center” also offers healthy ...
