Smoothie King has definitely been consistent, honest, direct and helpful. It's been great. Being a perspective franchisee was probably the most scary time in my business venture because you're not sure how much support you'll get. But not with Smoothie King. They have been completely supportive and it's been a wonderful experience.
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|