Smoothie King Franchise Critique and Business Chance
Smoothie King received its start off back in 1987 when Steve and Cindy Kuhnau commenced producing health and fitness beverages in hopes that they would aide Steve’s allergy complications. Owning a nursing qualifications, he felt that by reducing fats from his food plan and specializing in better protein meals and beverages he could expertise some relief from his signs and symptoms. His drink creations were in the beginning marketed from their wellness foodstuff retailer but because they grew in recognition, a fresh enterprise opportunity, smoothie business in Newport, PA, was born. They began franchising in 1988 and possess noticed constant enlargement each individual because. In 2009, a calendar year when most food-service franchises were being hit using a down turn, the Smoothie King franchise elevated to about 550 franchise units inside the America and a further fifty six internationally. They may be at present seeking new franchisees throughout the world they usually do not offer exceptional territories.
The Smoothie King franchise is still run by its original founders and is headquartered in Covington, Louisiana. Suppliers sell numerous natural vitamins, wholesome snacks, and supplements additionally to smoothies. The developing craze of healthier, faster snacks is fueling the Smoothie King success over the past number of several years and so they have designs for continued development in 2010. The franchise cost is $25,000 as well as the approximated get started up fees selection from $140,four hundred to $329,500 dependent on area. You can find also a 6% ongoing royalty rate. At this degree, Smoothie King almost certainly won’t qualify for a “low cost” franchise chance, however it is near sufficient to warrant point out during the similar context as quite a few from the franchises coming in under the $100,000 startup mark. A minimum amount web worth of $100,000 is needed by a new franchisee with at least $50,000 being liquid cash. Smoothie King won’t give any type of financing nevertheless they do enable third party funding.
It’s estimated the average Smoothie King franchise needs 9-11 workers and absentee possession is allowed. Somewhere around 60% of all franchisees have far more than just one place, a fact that need to be thought of when selecting moving into this chance. It truly is not uncommon that several areas are vital for any franchisee to determine any substantial kind of earnings. The mother or father corporation provides schooling on the company headquarters and at the franchisee’s locale as well as directs a fourteen day management coaching program at enterprise headquarters. Continued support is delivered by means of co-op promotion, newsletters, conferences, online, and telephone.
The Smoothie King franchise seems to generally be transferring during the suitable route, nevertheless it does require an important financial investment and fiscal possibility to acquire started out. There might be other small business options that supply a similar return on expense having a need to smaller possibility. I might propose exploring all possibilities, which includes net based businesses, ahead of starting off this venture.