Research the market. Know your competitors. Talk to people in the business. Understand customer preferences.
Location & Setup
Locate in a high foot traffic area near gyms, yoga studios, or offices. Ensure accessible parking. Maximize visibility to attract potential customers. Differentiate your concept in a competitive market.
Display fresh fruits up front, clean and organized. Improve interior and exterior design.
Price ingredients at 30% of retail cost. Cover expenses and realize profit. Average yearly revenue is $100k-$600k. Profit margins are bigger than restaurants because expenses are lower.
Financial Overview & Partnership Opportunity
Investment ranges from $273k-$504k including franchise fee. Need juicers, blenders, refrigerators, sinks, and more.
Create a business plan to stay organized and focused. Seek funding from lenders and investors.
Consider yearly rent from £15k-£30k. Offer juices, smoothies, snacks and meals. We can help with equipment.
How profitable are juice bars? An established and well-run juice bar can easily generate over $50,000 in profits annually.
Sales increase if anyone can walk in and buy something, not just gym members. However, prices depend on the gym’s membership base – bars must rely on sales volume if the gym caters more toward working-class customers.
Why do juice bars fail? The primary problem is location.
Gyms attract more than just exercisers now, becoming community spaces. The juice bar industry is worth $2.4 billion in 2021, expected to grow 2.7%.
Create a well thought out business plan including information on your target market, pricing strategy, products, and marketing plans.
Focus on developing good quality juices using high-quality ingredients.
You can make money by selling freshly-made juices directly to customers and charging a premium due to the use of quality ingredients. Additional revenue streams include selling to restaurants and retailers, online sales, delivery services, and catering.
It’s important to follow health regulations regarding raw juice and packaging. Research the laws in your area. Market research will help you understand demand and trends. Survey potential customers, study the competition, and analyze market data.
Convey the values and benefits of your business through branding and marketing to attract health-conscious consumers who prioritize quality. Establish relationships with local farmers and suppliers to ensure fresh, organic, locally-sourced ingredients.
This guide provides an overview of the necessary steps to start a juice business: research the market, create a business plan, develop a unique selling point, source suppliers, get licensed and insured, and promote your business. While starting a business presents challenges, following these key steps can set you up for success.