How to open a Tropical Smoothie Cafe franchise?
- Ensure you have adequate capitalization. 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. ...
- Assess market availability. ...
- Submit your application. ...
- Receive approval & opening your Tropical Smoothie Cafe franchise. ...
Full Answer
How much does a Tropical Smoothie Cafe franchise cost?
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 Tropical Smoothie Cafe?
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. Tropical Smoothie Cafe operates more than 650 locations nationwide with 2,000 projected openings across the United States by 2024.
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 it cost to buy into Tropical Smoothie franchise?
What is the franchise fee? The franchise fee is $30,000 for the first unit. If you choose to develop multiple units, a $20,000 franchise fee must be paid for the second and each additional unit. The franchise fee for qualified veterans is $15,000 for the first and each subsequent unit developed.
How much does a tropical smoothie 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.
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 Mcdonalds franchise fee?
a $45,000McDonald's Corporation has 38,000 restaurants in 100 countries and 93% of them are franchise operations. McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee.
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 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.
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.
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 much does a Subway owner make a year?
The average salary for an Owner is $122,559 per year in United States, which is 35% higher than the average Subway salary of $90,272 per year for this job.
Who owns Tropical Smoothie?
Levine Leichtman Capital PartnersTropical Smoothie CafeExterior of a franchise in Fort Lauderdale, FloridaRevenue$500 million .OwnerLevine Leichtman Capital PartnersNumber of employees2,000+ (2018)Websitetropicalsmoothiecafe.com12 more rows
How much money do you need to open 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.
Is owning a Subway profitable?
In 2021, Subway saw a 21.3% increase in revenue, growing from $634 million in 2020 to $769 million in 2021. Based on the average sales calculated above, at an average of a 15% profit margin, it will take approximately 7.3 years to recoup your investment, which is longer than most franchise opportunities.
Where is Tropical Smoothie located?
Tropical Smoothie Cafe, LLC. 1117 Perimeter Center West, Suite W200. Atlanta, GA 30338.
How many pages are in a franchise application?
Our franchise application is a brief four-page document, completed by you, that helps us get to know you, your business background and experience, financial capabilities, goals and interests, management style, etc. There is no cost associated with submitting your application and it is non-binding. It simply allows us to learn a little more about you!
Do franchisors have to provide FDD?
By law, every franchisor must deliver to its prospective Franchise Owner a copy of its FDD to ensure that the Franchise Owner prospect has all the pertinent information about our company, business model, and every aspect of our business relationship with our Franchise Owner. We will also provide you with business planning tools to continue your due diligence.
How much capital do you need to buy a tropical smoothie?
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. They also offer financing via 3rd party. *.
What distinguishes Tropical Smoothie Cafe 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. That mix helps drive our average ticket sales and average net revenues of $982,486 for the top 50% of our Franchise Owners.*
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.
How many franchise agreements were signed in 2019?
213 new agreements signed in 2019, with 60% coming from existing Franchise Owners
How much does it cost to start a cafe?
Start-up fees: A new Cafe investment is between $198,500 and $543,500. Costs can vary by location and the average cost is $370,000.
When will Tropical Smoothie Cafe open in Texas?
Brand celebrates milestone with Texas grand opening on Friday, Sept. 17, 2021 Tropical Smoothie Cafe joins the exclusive club of restaurant brands with a four-digit location count this week with…
Who is the CEO of Tropical Smoothie Café?
Terry College of Business | Ray Glier | June 8th, 2021 With a ‘hospitality first’ attitude, Tropical Smoothie Café CEO Charles Watson (MBA ’05) steadily expands and adapts the restaurant…
What is the most lender friendly restaurant franchise?
One of the leading fast-casual brands recognized as the “Most Lender-Friendly Restaurant Franchise” Tropical Smoothie Cafe, a leading national fast-casual cafe franchise known for both its better-for-you smoothies and food…
How many units will Tropical Smoothie Cafe have in 2025?
Tropical Smoothie Cafe targets 1,500 units by 2025 Kerry Pipes | Franchise Update Media | Read the full article here. You might think of Charles Watson as a Tropical Smoothie…
Which franchise has the highest FUND score?
Investors, lenders and Franchise Owners know a winner—Tropical Smoothie Cafe has the highest franchise FUND Score among food industry brands—earning a 905 out of 950 on FRANdata’s proprietary scoring report.... June 22, 2021.
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.
What is tropical smoothie?
Tropical Smoothie Cafe is a fast-casual cafe concept with locations nationwide, offering snack and meal options for any time of the day , including real-fruit smoothies, bowls, wraps, and sandwiches. The company offers an app as well as mobile ordering capabilities.
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.
How long is a franchise agreement?
15 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.
Is an exclusive territory a fixed area?
Yes. Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more.
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.
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 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.
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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.
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.
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 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.
