Average Earnings for Smoothie King Owners
The amount of money a Smoothie King franchise owner stands to earn can vary significantly from store to store. Generally, the average net profit generated by each store is estimated to be around $150,000 to $200,000 annually. This can range from as low as $80,000 to as high as $400,000 per year.
Franchise Structure and Fees
Smoothie King has two different types of franchises, each with different fees: traditional and non-traditional. Traditional locations are usually set up in strip centers or drive-thru locations. Smoothie King Franchise initial fee ranges from $25,000 to $30,000 for traditional and $15,000 for a non-traditional.
Investment Costs and Requirements
The initial Smoothie King Franchise Fee is $25,000 – $30,000 for a traditional location. The estimated total investment necessary to begin the operation of a Smoothie King Franchise ranges from $320,301 – $585,465 for a location. Prospective franchisees must possess a minimum of $100,000 in liquid cash and at least $300,000 in net worth to be approved by the franchisor to become solid candidates.
Upfront Costs Breakdown
Opening a Smoothie King franchise typically requires upfront costs ranging from $120,000 to $366,750, depending on a range of factors.
- Franchise fee: $30,000
- Construction and tenant improvement costs: $25,000–$125,000
- Equipment and furniture: $20,000–$60,000
Industry Outlook
The juice and smoothie bar franchise segment in the United States is ripe for investment. The rapidly growing industry is expected to outgrow $3 billion in 2023. For smoothie bars, high product demand, coupled with low overhead costs and simple operations, can align together to create an unparalleled business opportunity.