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Starting a Smoothie Business
- Plan
- Form legal entity
- Tax registration
- Open bank account
- Set accounting
- Obtain permits and licenses
- Get insurance
- Buy equipment
- Develop menu
- Market business
Smoothie Business Financial Insights
- Smoothie King generated $415.7 million revenue in 2020 with over 1,300 locations, averaging over $300,000 annually per location.
- Initial franchise fees for Smoothie King range from $20,000 to $30,000.
- Selling 70 smoothies a day at an average price of $6 with a 30% profit margin can bring in over $150,000 in annual revenue, resulting in $45,000 profit.
- Smoothie shops can generate between $250,000 and $800,000 in gross revenue per location.
Important Considerations
- Market research is crucial for identifying target customers.
- Key target markets include fitness enthusiasts, dieters, sportsmen, and sportswomen.
- Understand local regulations related to operating a business.
- Startup costs typically range from $10,000 to $20,000, with significant expenses for rental deposits, space preparation, and equipment.
- Be prepared for the energy costs associated with industrial blenders and potential service fees for broken equipment.
