Our experience with choosing to be a Smoothie King Franchisee has been wonderful! From the very first meeting in Rye, NY when we attended a "Discovery Day" and met with Steve Shields and Natalie Johnson we have felt like we are part of one huge family. Smoothie King Corporate offers excellent Franchisee support and they go above and beyond in their willingness to help us be successful. Anytime we need help we can speak to anyone at corporate headquarters including Steve or Cindy Kuhnau. This experience has been excellent for us and we enjoy dealing with our guests and being part of their healthy lifestyle plan. We also enjoy giving back to the community by supplying smoothies for many charity events. We just opened our drive-thru at our current location over the weekend and the experience just continues to get better!
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|