Frequently asked Questions
Smoothie King was founded in 1973 in New Orleans, Louisiana. By 1989, Smoothie King opened their first franchise location.
Credit score of 700+, Liquid Assets of $95,000, Net Worth of $284,000. The ideal candidate should have entrepreneurial spirit, as well as sales, marketing, restaurant and/or retail experience.
The estimated initial investment can be between $176,300 and $403,550 but your costs could be significantly higher depending on a number of factors, including your location. Please refer to the Franchise Disclosure Document for additional details.
We do not have an in-house financing program, but we are currently registered with the SBA and have relationships with various finance vendors. We are currently promoting multi-unit franchise growth with our incentive given to anyone that wants to open 3+ stores in their market.
Yes, the time tested Smoothie King systems are clear and simple to follow.
Our Real Estate managers provide general site selection criteria and guidance in the selection of a suitable location for each market.
The ideal size range for a Smoothie King Franchise is generally 800-1200 Sq. Ft., however, smaller or larger stores are an option. They're usually located in neighborhood and community strip centers, power centers, shopping malls, universities, airports and downtown business district locations. The optimal area is typically densely populated, has significant traffic count, is highly visible and is located near numerous traffic generators.
Our target customer is between the ages of 16-35 and roughly 55% skewed towards women. We are looking for starter families, baby boomers, and established America. We offer a value based product so our guests need to have some ancillary income in order to frequent our locations on a regular basis. Therefore, we try to find locations amongst the average household incomes or higher for a given market. We cannot exclude certain areas given the range of our guests overall and so we do not limit ourselves to a particular set of demographics across the board.
Since the actual results of individual franchises are based on factors that are not within the control of Smoothie King, we do not provide estimates of profits or revenues. However, after consulting with a Smoothie King Franchise Development Manager and reviewing the Franchise Disclosure Document (FDD), you will have the opportunity to contact our existing franchisees regarding their experiences.
Franchisees pay an ongoing royalty fee of 6% of weekly sales. 2% of your weekly sales will be paid into the Smoothie King Advertising Fund for additional advertising expenses. Advertising expenses include reserving 2% of your weekly gross sales to be spent by you on local marketing. Additionally, each location currently pays a technology contribution of $200 per month.
Each qualified candidate receives a copy of the Smoothie King Franchise Disclosure Document (FDD), which provides the following information and more: franchisors financial statements, copy of the franchise agreement, copy of the area development agreement, list of existing franchisees to contact, cost break downs, advertising fees, royalties, and initial franchise fees.
Nineteen days of training are split up into three segments. Each franchisee receives one day of orientation (pre-store opening), 11 consecutive days of management training (at corporate training facility) prior to opening and seven days of on-site training (four days prior to opening and three days after opening).
Smoothie King recommends 9-12 team members on staff, with 2-3 in the store at any given time.
Hours of operation are Monday to Friday 7am - 9am, Saturday 9am - 9pm, and Sunday 11am - 7pm.