Overview
Smoothie King Franchise is a privately-held American based smoothie company. Smoothie King Franchise primary sells a fresh and organic variety of handcrafted smoothies. This Dallas-area-based smoothies franchise company with more than 1000+ units offers active and healthy lifestyle smoothies from the past 50 years.
The story of “Smoothie King” started 50 years ago in 1973 under the name smoothies. In 1989 they opened their first juice bar franchise in New Orleans Louisiana under the name Smoothie King co. They have over 1000 locations across the United States as well as many locations abroad. Apart from the USA, Smoothie King also has locations in South Korea, the Cayman Islands, and its headquarters is located in Coppell, Texas.
The brand focuses on inspiring people to live healthy and active lifestyles which include fresh fruits, vegetables, herbs, minerals, nutritional supplements and more.
Benefits
Smoothie King Franchise is full of benefits, they will benefit your business in many ways. It’s not only about starting a business but they also help you in making it successful with growing market share. They always keep in view the momentum of the company which helps stores to improve and develop.
Once you are in, the brand provides world-class support and helps you successfully launch a new Smoothie King store. In order to make development in the product they constantly test them and come up with brand new ideas and products to drive your traffic. As location is one of the most important factors to boom the business, its real estate team helps you in finding a perfect location point. Apart from this they train their newcomers and support them because they believe if you flourish the whole family of Smoothie King Franchise will flourish.
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Franchise requirements
To open a Smoothies King Franchise you need to keep certain requirements in consideration. First and foremost is the investment range, for End-Cap Location the investment ranges from $320,301 to $585,465 and for Free-Standing Drive -Thru Location the investment ranges from $723,501 to $1,184,865. After investment you need to check the Minimum Net Worth for 1 store and for this the requirement is $350,00. Then comes the Minimum Liquidity for 1 store, for this the requirement is $150,000. And at last the Minimum Credit Score requirement should be 700.
| Investment Range:End-CapFree-Standing Drive -Thru | $320,301 – $585,465$723,501 – $1,184,865 |
| Minimum Net Worth (1 store) | $300,000 |
| Minimum Liquidity (1 store) | $100,000 |
| Minimum Credit Score | 700 |
Smoothie King Franchise requires Operating Fee of 6%, National Marketing Free of 3%, 2% of local marketing Requirement and Regional Marketing Free.
| Operating Fee | 6% of Gross Sales |
| National Marketing Fee | 3% of Gross Sales |
| Regional Marketing Fee | Not to exceed 2% of Gross Sales |
| Local Marketing Requirements | Minimum of 2% of Gross Sales |
Franchise Cost
To buy a franchise with Smoothie King you need to keep in view the terms of agreement and its renewal, they can also renew their agreement. They offer an initial franchise term of 10 years for a traditional location and less than 10 years for a non-traditional location.
The beginning operation of Smoothie King Franchise ranges from $320,301- $585,465 this only includes for an End-Cap or In-Line location. For a Free-Standing Drive-Thru location it ranges from $723,501 – $1,184,865.
$25,000 – $30,00 is the initial fee for a Smoothie King Franchise (traditional Location) and $15,000 for a non-traditional location. This initial fee needs to be settled down before opening a Smoothie King Franchise.
Investment Details
(End-Cap or In-Line)
| Initial Free | $25,000 – $30,000($15,000 for a non-traditional location) |
| Three Months Rental & Deposits | $5,001 – $30,000 |
| Technology system | $9,100 – $12,215 |
| Grand Opening Marketing | New Unit: Minimum of $15,000 |
| Travel & Training Expenses | $2,700 – $6,000 |
| Insurance (First Year Premium) | $3,500 – $7,500 |
| Other Prepaid Expenses | $1,000 – $2,500 |
| Start- up supplies & inventory | $12,000 – $16,000 |
| Furniture, Fixtures and equipment, millwork, and graphics | $100,000 – $130,000 |
| Architectural & Engineering Professional Services | $3,500 – $14,500 |
| Signage | $7,000 – $14,000 |
| Leasehold improvements | $120,000 – $240,000 |
| Legal, Accounting, and Organizational Costs | $500 – $4,000 |
| Misc. Costs | $1,000 – $ 5,000 |
| Drive – thru | $0 – $33,750 |
| Additional Funds – 3 months | $15,000 – $25,000 |
| Total | $320,301 – $585,465 |
Investment Details
(Free-Standing Drive -Thru Location)
| Initial Franchise Free | $25,000-$30,000 ($15,000 for a non traditional Location) |
| Three months Rental & Deposits | $5,00 – $30,000 |
| Technology systems | $9,100 – $12,215 |
| Grand Opening Marketing | New Unit: Minimum of $15,000 |
| Travel & Training Expenses | $2,700 – $6,000 |
| Insurance (First years Premium) | $3,500 – $7,500 |
| Other Prepaid Expenses | $14,700-$29,400 |
| Start-up supplies and inventory | $12,000-$17,000 |
| Furniture, Fixtures and equipment, millwork, and graphics | $100,000-130,000 |
| Agricultural & Engineering Professional Services | $42,000-$52,000 |
| Signage | $28,000-$38,000 |
| leasehold improvements | $425,000 – $750,000 |
| Legal, Accounting,& organization costs | $500-$4,000 |
| Misc. Costs | $1,000-$5,000 |
| Drive -thru | $25,000 – $33,750 |
| Additional Funds -3 months | $25,000 – $33,750 |
| Total | $723,501 – $1,184,865 |
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Franchise Profit
Smoothie King Franchise is a profitable business, It’s estimated that in 2020 the company was able to generate $415.7 million of revenue and retained earnings of $12,641,286. In 2021 its retained earnings were $13,717,467.
Income statement
| 2021 | 2020 | |
| Revenues | ||
| Franchise fees & royalties | $46,751,455 | $37,920,191 |
| Operating costs and expenses | ||
| Depreciation & amortization | 1,088,508 | 1,170,666 |
| General & administrative | 27,022,197 | 20,875,563 |
| Relocation expenses | ||
| Total operating cost and expenses | 28,110,705 | 22,046,229 |
| Operating income | 18,640,750 | 15,873,962 |
| Other income, net | 6,639 | 2,143,038 |
| Income before income taxes | 18,647,389 | 18,017,000 |
| Income tax expense | 4,929,922 | 5,375,714 |
| Net Income | $13,717,467 | $12,641,286 |
Menu
The success of this privately held, Dallas-based franchise company lies in its Menu. Smoothie King offers a variety of smoothies to their customers such as Slim, Wellness, Fitness, Break time and kids. All these beverages are refreshing and keep inspiring people to live healthy lives. Its menu has always kept smoothie lovers engaged.
| Slim | Angel Food Slim, Greek Yogurt Pineapple Mango, Greek Yogurt Strawberry Blueberry, Island impact.Lean 1 (Chocolate, Pineapple Mango, Strawberry, Vanilla). Mango Fest, Metabolism Boost (Banana Passionfruit, Mango Ginger, Strawberry Pineapple).The Shredder ( Strawberry, Vanilla). Slim-N-Trim (Blueberry, Chocolate, Strawberry, Vanilla, Veggie). |
| Wellness | Apple Kiwi Kale , Blueberry Heaven, Carrot Kale Dream, Daily Warrior.Immune Builder (Mixed Berry, Veggie Superfood).Lemon Ginger Spinach, The Premama, Pure Recharge (Mango Strawberry, Pineapple, Strawberry).Vegan (Mango Kale, Mixed Berry, Nutty Super Grain, Pineapple Spinach). |
| Fitness | The Activator (Blueberry Strawberry, Chocolate, Coffee, Pineapple, Strawberry Banana).Coffee High Protein – Vanilla,Gladiator (Choclate, Strawberry, Vanilla).High Intensity ( Veggie Mango, Chocolate Cinnamon).The Hulk ( Chocolate, Coffee, Strawberry, Vanilla).Keto Champ ( Coffee, Chocolate, Berry).Peanut Powder Plus (Chocolate, Strawberry). |
| Break time | Angel Food, Banana Berry Treat, Banana Boat, Berry Punch, Caribbean way , Coffee D- Lite (Mocha, Vanilla).Green Tea Tango, Lemon Twist Banana, Leamon Twist Strawberry, Muscle Punch , Passion Passport, Pineapple Surf, Strawberry Kiwi Breeze, Yougurt D- Lite. |
| Kids | Apple Kiwi Bunga, Berry Interesting, Choc-A-Laka, CW, Jr. , Lil’ Angel, Strawberry Bluegurt Blitz. |
Locations
Smoothie King operates a large network of stores not only in America but also in other places. By December 2022, Smoothie King had opened 1,138 stores in the United States.
- Texas is leading with a network of 269 stores, a store for every 107,792 people which is about 24% of all its locations in the US.
- Florida with about 11%, and Louisiana with about 10% of the total number of Smoothie King stores.
- Apart from the USA, Smoothie King also has locations in South Korea, the Cayman Islands, and its headquarters is located in Coppell, Texas.
Application
In order to apply for Smoothie King Franchise, you need to complete its online franchise application. The Smoothie King Franchise team will review your application, then you will be informed via a confirmation email receipt, where you will be provided by contact details. In addition to this call or email them for enquiring about franchised locations. You can also visit them in person, which can reveal additional interest in the franchise. You can also visit the Smoothie King Franchise official page.
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Conclusion
Money generating sites and quick expansion of Smoothie King speak everything about its success in the Food and Beverage industry. Its outlets are consistently growing and the pure flavor of its smoothies is making it a favorite spot. Its endless flavor of smoothies is attracting customers and turning it into a leading place.
As Smoothie King is a privately held American based company so only investors with net worth can make it accessible by clearing initial investment and costs before setting up. Its net profit is growing continuously and its Franchise model ensures the success of outlets.
They are dominating the Food and Beverage industry and are giving tough competition to their competitors. In this era of changing landscape Smoothie King is presenting and working over the Smoothies to create a new taste . In this competitive world their leadership is steady and it’s hard to reach their crown. Therefore starting the Smoothie King Franchise in the USA is profitable and worth investing. For more details click https://www.smoothieking.com/
FAQ’s
How much is a Smoothie King Franchise?
Smoothie King Franchise initial fee ranges from $25,000 to $30,000 for traditional and $15,000 for a non-traditional.
How much does a Smoothie King Franchise owner make?
Smoothie King Franchise owner salary can be up to $109,688 per year.
Are Smoothie King Franchises profitable?
Smoothie King Franchise is a profitable business, In 2021 it’s retained earnings were $13,717,467, so it’s worth investing.
How to open a Smoothies King Franchise?
In order to open a Smoothies King Franchise, you need to be sure about your adequate capitalization, then appreciate the investment, evaluate your experience and strength, assess market availability, submit your application, receive approval & opening smoothies King Franchise.
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