Smoothie King Franchise Overview
The franchisor’s Smoothie King business is quite profitable, with retained earnings of 13.71 million dollars in 2021.
Financial Analysis and Growth Trends
From 2019 to 2021, they saw a growth of more than 100% compared to 6.7$ million. This is a strong sign of the company’s overall rapid expansion.
Smoothie King: A Profitable Investment?
With an investment cost of $773,000 on average, and annual sales of $573,000, is Smoothie King a profitable investment?
About Smoothie King
Smoothie King is a health-focused international smoothie company that serves delicious blends of smoothies and encourages people to live healthy lives.
Smoothie King Franchise Opportunities and Benefits
- The company offers employees the opportunity to work in an engaging retail environment.
- Job opportunities including cashiers, baristas, smoothie blending, and customer service.
- Provides a friendly atmosphere, training, flexible work hours, competitive pay, and discounts for employees.
Smoothie King Rankings and Industry Position
- Ranked #1 Juice Bar Franchise on Entrepreneur Magazine’s Annual Franchise 500 list.
- Leading smoothie brand focused on health and fitness with over 1,300+ stores worldwide.
- Positioned in the Food and Beverage industry.
Smoothie King: Ownership and History
The franchises headquarters are located in Dallas, Texas and owned by CEO Wan Kim. The company started in 1973 when Steve Kuhnau purchased a juice store and renamed it Smoothie King.
Financial Insights on Smoothie King Franchise Ownership
- The typical Smoothie King franchise owner earns a profit of $75,000 to $108,000 per year.
- Initial investment ranges between $263,550 and $844,550.
Smoothie Business Profitability
- Smoothie shops can expect to generate between $250,000 and $800,000 in gross revenue per location.
- Industry experts estimate start-up costs for a smoothie business from $20,000-$400,000.
Franchise Cost Breakdown
Opening a Smoothie King franchise requires an initial investment that covers franchise fee, real estate, equipment, inventory, signage, and other start-up costs.