I have been a Smoothie King franchisee for 14 years, and have never been more pleased. Not only does Smoothie King afford me the opportunity to support my family, it affords me the opportunity to be hands on and work within an environment I enjoy and appreciate. By offering guests healthy meal choices and products, unlike other fast food, Smoothie King allows me to earn an income while making a difference in the lives of others.
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|