Owning my Smoothie King store has been a very rewarding experience. Smoothie King is super easy to work with - they give you all of the support you want and need. They give you the opportunity and some leeway to do what you do best. They certainly have in place all the different guidelines, procedures and training to help people be successful. The plan is in place, it's just a matter of how well you implement it, turn it around and adapt it to who you are. Every market is different so it's much more successful when you can tailor it to who you are but still maintain the quality and integrity of the product. I've really enjoyed working with all of the people at the corporate office. They're there for the support if and when you need them.
The following costs are excerpted from Smoothie King's Franchise Disclosure Document and are estimated. Each Smoothie King franchisee 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 varying store sizes, build out costs and expenses.
The financial requirement to open a Smoothie King in the United States is $250,000 Net Worth with a minimum of $75,000 in liquid assets. We also require Sales, Marketing, Restaurant, and/or Retail Experience.
|Initial Franchise Fee||$20,000||$30,000|
|Three Month's Rental Deposit||6,000||18,000|
|Grand Opening Marketing||2,500||2,500|
|Travel and Training Expenses||2,700||4,200|
|Insurance (First Year's Premium)||1,500||5,000|
|Other Prepaid Expenses||1,000||2,500|
|Start-up supplies, inventory||7,000||14,000|
|Equipment, Millwork, Fixtures/Signage and Graphics||57,350||112,850|
|Legal, Accounting & Organizational Costs||500||4,000|
|Additional Funds- 3 Months||15,000||25,000|