How to open a Smoothie King franchise?
- Ensure you have adequate capitalization. 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. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your Smoothie King franchise. ...
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How much does it cost to buy into Smoothie King franchise?
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 Smoothie King a good investment?
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.
Do you have to apply to start a Smoothie King franchise?
In order to begin the process, you must-first complete our online franchise application. Upon confidential review of your information and preliminary approval, we will notify you of our mutual interest.
How much does a smoothie franchise 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.
How much does the average Smoothie King make?
Average Smoothie King hourly pay ranges from approximately $8.08 per hour for Smoothie Maker to $16.44 per hour for Employee Health Manager. The average Smoothie King salary ranges from approximately $35,000 per year for Manager to $170,000 per year for Regional Manager.
Who is Smoothie King competitors?
Smoothie King's CEO, Wan Kim, currently has an approval rating of 89%. Smoothie King's primary competitors are Jamba, Juice It Up & Planet Smoothie.
What franchise is the most profitable?
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.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
Who owns Smoothie King?
Wan KimGoing International. In 2001, Wan Kim, Smoothie King's brand owner, first discovered our smoothies while studying at the University of California at Irvine. Wan was immediately hooked. Not only was he impressed with the high quality of the products, but he was inspired by the company's approach to health and wellness.
What is the franchise fee for Dunkin Donuts?
Dunkin' Donuts Franchise Cost / Initial Investment / Dunkin' Donuts. The total liquid capital required to open a Dunkin' Donuts franchise is $125,000 and Dunkin' Donuts franchise fees are $40,000 to $90,000. The minimum net worth of a Dunkin' Donuts franchise is $250K.
Who is the CEO of Smoothie King?
Wan Kim (Jul 2012–)Smoothie King / CEOWan Kim is the global Chief Executive Officer for Smoothie King, an international Smoothie brand. Wan became Smoothie King's first international franchisee when he opened a store location in South Korea in 2003. Over the next five years, he launched and grew the brand to more than 130 locations in that country.
Who is the owner of Smoothie King?
Wan KimGoing International. In 2001, Wan Kim, Smoothie King's brand owner, first discovered our smoothies while studying at the University of California at Irvine. Wan was immediately hooked. Not only was he impressed with the high quality of the products, but he was inspired by the company's approach to health and wellness.
How many Smoothie King Franchises are there?
Franchise DataYearStart of YearUnits Opened2018787992019871872020931702021968672 more rows
How many locations does Smoothie King have?
Find a Smoothie King Near You Whether you need a meal replacement, an afternoon snack, or fuel for your workout, Smoothie King has over 1,000 store locations across the U.S. Simply plug in your zip code or your city & state into our store locator below, and enjoy your next step in achieving your daily health goals.
How much is a smoothie from Smoothie King?
Smoothie King Prices (Updated: November 2022)FoodSizePriceOriginal High Protein (Banana, Chocolate, Lemon or Pineapple)20 oz.$5.29Original High Protein (Banana, Chocolate, Lemon or Pineapple)32 oz.$7.29Original High Protein (Banana, Chocolate, Lemon or Pineapple)40 oz.$8.49Almond Mocha High Protein20 oz.$5.29140 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 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.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
What is 3% advertising fee?
3%. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
How many Smoothie King locations are there?
At Smoothie King, we pride ourselves on being an industry leader in the smoothie bar segment. With more than 1,300 locations and over 45 years of brand equity, we continue to carve out a niche market in the food and beverage industry.
How much is the smoothie industry worth?
The rapidly-growing industry is set to top $3 billion in 2019. At smoothie bars, high product demand, along with low overhead costs and simple operations, can blend together to create an unparalleled business opportunity.
Can you put fruit and vegetables in a blender?
Anyone can toss fruit, vegetables, yogurt and dairy into a blender. Our brand creates specialized smoothies expertly blended for guests’ specific needs, purpose and goals – which has been our purpose from the very start.
Is multi unit franchising a good idea?
Multi-unit franchising can be a successful way for individual entrepreneurs and investment groups to facilitate growth and wealth creation. However, a rapidly expanding segment of franchisees are not ...
