The vast majority of Smoothie King franchisees made $593,329 in net sales over one year. The estimated initial investment of a Smoothie King franchise can be as high as $858,000. It is important to invest less money to start a location.
According to Glassdoor, a Smoothie King franchise owner’s average salary in 2020 would be $42,337 – $46,085. A juice business selling juice direct to consumer can expect about a 50% – 70% gross margin with careful recipe planning.
Smoothie trucks average 10-15% margins, higher than most food businesses. Industry experts estimate start-up costs for a smoothie business from $20,000-$400,000. Marketing helps attract customers and stand out. Location, rent, costs, marketing determine profits.
The average tropical smoothie franchise owner’s salary/pay is $126,000 per year, based on revenue of $1,009,803 and a 15% profit margin. Their drinks cost an average of $6. The average gross revenue for a Tropical Smoothie Cafe franchise was $982,486 in 2019.
The estimated initial investment for a Smoothie King location can be between $268,900 and $555,965. For a free-standing drive-thru store, it can be between $589,300 and $858,900. Smoothie shops can generate between $250,000 and $800,000 in gross revenue per location.
The amount to open a smoothie business depends on if you franchise and the location. Costs range from $10,000 to $650,000 for licensing, construction, equipment. Factors like ingredient costs, rent, marketing significantly impact profitability. Revenue alone does not determine success. A well-managed business with quality products and customer service can exceed average revenue.
How much does a Smoothie King owner make a year? The vast majority of Smoothie King franchisees made $593,329 in net sales over one year. The estimated initial investment of a Smoothie King franchise can be as high as $858,000.
Smoothie prices range from $3 to $10 or more. With a 30% profit margin, selling 70 smoothies daily equals over $150,000 revenue, and $45,000 profit. As sales climb to 150 smoothies daily, profits near $100,000.
A shop doing $5,000 monthly business could generate $30,000 in yearly profits with a 40% margin. As business grows, profits and margins can rise.
Smoothie trucks average 10-15% margins, higher than most food businesses. Areas with more events offer greater profits.