Smoothie King Franchise Opportunities
Smoothie King Franchises, Inc. is a privately held Dallas-area-based smoothie franchise company with more than 775+ units worldwide.
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.
Its stores offer smoothie and healthy retail products, including sports beverages, energy bars, healthy snacks, vitamin supplements, herbs, minerals, and other sports nutrition products.
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.
You will need to consider building and real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc. - 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.
You will want to look at the market availability for Smoothie King franchises and see if there are available markets in your location of interest before proceeding with the franchising application. - Submit your application.
Your application will be reviewed by the Smoothie King franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner. - Receive approval & opening your Smoothie King franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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How Much Does a Smoothie King Franchise Cost?
A Smoothie King store is an excellent investment opportunity that offers aspiring entrepreneurs the chance to become business owners. In order to acquire a franchise, you will have to cover a lump-sum fee of $25,000-$30,000. Prospective franchisees must possess a minimum of $100,000 in liquid cash and at least $300,000 in net worth to be approved by the franchisor to become solid candidates. Depending on the type of store you plan to open, the initial cost of a Smoothie King franchise ranges from $269,550 to $845,985. All potential franchise owners must undergo training before setting up a franchise so they are prepared for all aspects of operation and provision of services. If all requirements are met, then both parties can sign a franchise agreement and begin cooperation.
Initial investments: $269,550 - $845,985
Net Worth Requirement: $300,000
Liquid Cash Requirement: $100,000
Estimated Initial Investment
End-Cap Or In-Line Location| Type Of Expenditure | Low | High |
|---|---|---|
| Initial Franchise Fee | $25,000 | $30,000 |
| 3 Months' Rental & Deposit | $3,000 | $40,000 |
| Technology Systems | $9,000 | $16,500 |
| Grand Opening Marketing | $15,000 | $15,000 |
| Travel and Training Expenses | $2,700 | $6,000 |
| Insurance (First Year's Premium) | $3,500 | $7,500 |
| Other Prepaid Expenses | $1,000 | $2,500 |
| Start-Up Supplies, Inventory | $19,000 | $23,000 |
| Furniture, Fixtures & Equipment, Millwork and Graphics | $64,350 | $96,285 |
| Architectural & Engineering Professional Services | $3,500 | $14,500 |
| Signage | $7,000 | $14,000 |
| Leasehold Improvements | $100,000 | $215,000 |
| Legal, Accounting & Organizational Costs | $500 | $4,000 |
| Miscellaneous Costs | $1,000 | $5,000 |
| Drive-Thru | $0 | $30,750 |
| Additional Funds - 3 Months | $15,000 | $25,000 |
| TOTAL* | $269,550 | $545,035 |
Free-Standing Drive-Thru Location
| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $25,000 | $30,000 |
| 3 Months' Rental & Deposit | $3,000 | $40,000 |
| Technology Systems | $9,000 | $16,500 |
| Grand Opening Marketing | $15,000 | $15,000 |
| Travel and Training Expenses | $2,700 | $6,000 |
| Insurance (First Year's Premium) | $3,500 | $7,500 |
| Other Prepaid Expenses | $14,700 | $29,400 |
| Start-Up Supplies, Inventory | $16,000 | $22,000 |
| Furniture, Fixtures & Equipment, Millwork and Graphics | $64,000 | $96,300 |
| Architectural & Engineering Professional Services | $42,000 | $52,000 |
| Signage | $28,000 | $38,000 |
| Leasehold Improvements | $312,700 | $428,535 |
| Legal, Accounting & Organizational Costs | $500 | $4,000 |
| Miscellaneous Costs | $1,000 | $5,000 |
| Drive-Thru | $25,000 | $30,750 |
| Additional Funds - 3 Months | $15,000 | $25,000 |
| TOTAL* | $577,100 | $845,985 |
* The data in table above, compiled from the Smoothie King Franchise Disclosure Document (FDD) 2020-2021, represent the estimated financial range for the initial setting up and first 3 months of operation for a new Smoothie King juicy bar.
Ongoing Fees
Initial Franchise Fee: $30,000
Ongoing Fee: 6%
Ad Royalty Fee: 3%
Smoothie King Franchise Profit
Smoothie King is a highly successful venture that offers great financial prospects to entrepreneurs. On average, each Smoothie King franchise earns an estimated gross profit of $600,000-$850,000 annually. After paying labor costs, maintenance and operating expenses, a franchise owner can expect a profit margin of around $80,000-$100,000 a year, with a return on investment in several years.
The amount of income greatly depends on various factors, such as labor costs, the type of location you own, rent cost, traffic, local demand, and market situation. The profitability of a store is also based on the owner's management skills, adaptability to trends and times, and the quality of service provided. Overall, Smoothie King is a thriving brand that is popular in many countries. If you are looking for an interesting business opportunity and the potential to make good money, then a Smoothie franchise is the right choice for you.
Are you interested in starting Smoothie King Franchise in the USA, the UK, India, Canada, Indonesia, Malaysia, Brazil, Vietnam, Mexico, or another country?
We provide estimated franchise costs for some countries:
- In the United States, the total investment to start the Smoothie King juicy bar is around $269,550 to $845,985.
- In currency of the United Kingdom, the investment comes around £189,100 to £606,100.
- In Indian currency, the investment comes around Rs 1,94 crores to Rs 6,2 crores.
- In Canadian currency, the investment comes around Can$ 333,600 to Can$ 1,068,900.
- In Indonesian currency, the investment comes around Rp 3,764 million to Rp 12,062 million.
- In Malaysian currency, the investment comes around ringgit 1,07 million to ringgit 3,43 million.
- In Brazilian currency, the investment comes around Real 1,47 million to Real 4,70 million.
- In Vietnamese currency, the investment comes around VND 6,070 million to VND 19,448 million.
- In Mexican currency, the investment comes around Peso 5,43 million to Peso 17,41 million.
Support Options
On-The-Job Training: 44 - 110 hours
Classroom Training: 56 - 114 hours
Additional Training: Managment training at corporate office for new store managers (optional)
Number of Employees Required to Run: 10 - 15
Smoothie King Franchise Info: https://www.smoothiekingfranchise.com
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Starting investments from:$269,550
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Company type:Company
- Company foundation year:1973
- Year of launching the franchise1988
- Franchise enterprises:944
- Corporate Address:9797 Rombauer Rd., #150 Dallas, TX 75019, USA
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