How Much Does it Cost to Open a Smoothie Franchise?Author: Smoothie King
The juice and smoothie bar franchise segment is ripe for investment. The rapidly-growing industry is set to top $3 billion in 2019.
At smoothie bars, high product demand, along with low overhead costs and simple operations, can blend together to create an unparalleled business opportunity.
Many prospective smoothie bar owners seek out turnkey franchise models, which offer them a pre-determined investment range that clarifies initial expenses and ongoing operational costs.
Here’s a quick breakdown several of the initial investments at Smoothie King:
What It Costs to Open a Smoothie Franchise
At Smoothie King, we pride ourselves on being an industry leader in the smoothie bar segment. With more than 1,300 locations and over 45 years of brand equity, we continue to carve out a niche market in the food and beverage industry.
The typical investment range is between $268,900 and $858,900, which includes a $25,000 – $30,000 franchise fee. Single-unit owners’ minimum net worth is normally $300,000, with $100,000 minimum liquidity. The investment capital is necessary to finance site build-out, signage, equipment, inventory and a variety of other expenses.
Location, Location, Location
The cost of a Smoothie King franchise varies depending on market, real estate pricing and numerous other factors.
The small store footprint we target – from 800 to 1,600 square feet – means franchisees don’t have to put up the substantial real estate investment necessary for full-service and casual dining restaurant concepts.
In addition to a limited store footprint, our restaurant design focuses on an exceptional customer experience. Our updated interior designs welcome guests the moment they step through the door while maximizing space and fostering logical traffic flow.
In addition to restaurant designs geared toward maximizing space for unit-level profitability, our operational model can also help foster franchisees’ success.
Staying Fruitful with Simple Operations and Strong Cost Controls
With our core product offering, we’re able to keep operations streamlined and simple. A diligently engineered POS system, as well as cutting-edge web and intranet technologies, build new efficiencies and organize the business and guest data that can help franchisees manage their resources and grow their business.
And by leveraging international buying power and vendor relationships, we provide franchisees with robust supply chains that maintain competitive pricing. Our supply chain specialists work with vendors to maintain affordable prices.
A Recipe for Success with Smoothie King
When franchisees invest in Smoothie King, they’re not only investing in themselves and the business, they’re helping each guest invest in their own well-being.
Anyone can toss fruit, vegetables, yogurt and dairy into a blender. Our brand creates specialized smoothies expertly blended for guests’ specific needs, purpose and goals – which has been our purpose from the very start.
We’ve fine-tuned our business systems to make our stores simpler to operate with limited inventory and waste, multiple revenue streams and lower initial investment than other quick-service restaurants.
We optimize our business model by keeping a close eye on the metrics that drive unit performance.