Smoothie King is an international franchise that offers smoothies and a variety of other products, such as nutritional drinks, healthy snacks and vitamin supplements.
Restaurant and Food
About Smoothie King
Smoothie King is an international retail business that offers smoothies and a variety of other products, such as nutritional drinks, healthy snacks, energy bars, sports beverages, herbs, minerals and vitamin supplements. Smoothie King operates franchises in the U.S., the Cayman Islands, Trinidad and Tobago, and the Republic of Korea. It opened its 1,000th store in August 2018 in Richardson, Texas.
1987 (38 years)
52
$659,567
Franchise Fees
$30,000
$12,000 - $24,000 Veteran's Fee
6.0%
Gross Sales
3.0%
Gross Sales
Why Smoothie King?
In today’s Insta-world with a consumer who is bombarded with options one flashier than the next, the health and prosperity of any business depends on its ability to stay relevant and constantly evolve with current population needs and trends. Smoothie King performs on several markers: convenience, attractive products, image rebranding, robust growth in 2017 and added the highest number of stores in 2018.
Smoothie King presents a good choice as it stays up to date with the current wellness and health trends and consumers’ dietary preferences, such as desiring foods without any trans fats, gluten, hydrogenated oils or high-fructose corn syrup. It recently partnered up with Premama to create the Premama Smoothie for pregnant women, mixing fruits, vegetables, juices, prenatal multivitamins, proteins and Stevia-based sweeteners. By keeping a hand on the pulse of the current market, Smoothie King secures a strong market share.
The company has strengthened local ties in the home location by opening a Smoothie King center in New Orleans in 2014, besides participating in several other initiatives, such as Make-A-Wish Come True, Big Blocks for a Big Cause and NOLA Day of Service. The center provides smoothies to the New Orleans Pelicans, a professional basketball team.
Ideal Candidate
For a prospective franchisee, Smoothie King requires a net worth of $300,000, liquid assets of minimum $100,000 and credit scores above 700. Experience in the fields of marketing, sales, retail and restaurants provides a natural skill set to manage a franchise, as does knowledge of health food products and drinks, nutrition, and consumer trends and habits. Understanding the geographic and financial demographics in the region, which would be ideal for the franchise, is key to a successful enterprise.
However, if you are lacking experience in the related fields but have an entrepreneurial spirit and the ability to learn and troubleshoot, Smoothie King provides 17 days of training to franchisees that is divided into orientation, management training and on-site training.
$263,550 - $844,485
$100,000
$300,000
