How Much Does A Smoothie King Owner Make Smoothie King franchise costs for end cap or in line locations based on Item 7 of the company s 2022 FDD Initial Franchise Fee 25 000 to 30 000 15 000 for a Non Traditional Location Three Months Rental and Deposit 5 001 to 30 000 Technology Systems 9 100 to 12 215
12 5 Source Franchise Disclosure Document 2022 This means that the average restaurant earned a 13 5 EBITDA margin in 2021 So with the 2022 AUV of 561 000 the average Smoothie King franchised restaurant makes 75 000 in profits per year on average Profit and loss So as already shared above a Smoothie King franchise owner made a minimum of 93 807 in sales and the highest of 1 690 867 in the year 2020 2021 And the profit margin of Smoothie King is 20 on average So you can easily make a net profit of anywhere between 80 000 a year to 400 000 a year in the worst and best case scenario respectively
How Much Does A Smoothie King Owner Make
How Much Does A Smoothie King Owner Make
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The Most Delicious Smoothie Bowls That Make You Look Amazing Slaylebrity
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How much does it cost to open a typical Smoothie King location The estimated initial investment for an inline or end cap store can be between 311 601 638 465 including a 30 000 franchise fee The estimated initial investment for a freestanding drive thru store can be between 762 400 1 379 150 Your costs could be higher depending on By the end of the 2010s Smoothie King had grown to 1 000 locations Today there are Smoothie King shops in the United States South Korea the Cayman Islands and Trinidad and Tobago Entrepreneur s Franchise 500 20 Smoothie King ranked No 13 on Entrepreneur s 2022 Franchise 500 list
Below are the juice bar startup costs and financial requirements to open a Smoothie King in the United States Investment Range Endcap or inline location 311 601 638 465 Free standing Drive thru location 762 400 1 379 150 Minimum Net Worth 1 Store 350 000 Minimum Liquidity 1 Store 150 000 Minimum Credit Score 700 How much money can I make with a Smoothie King franchise The amount of money you can make as a Smoothie King franchise owner depends on a variety of factors such as location competition and store performance According to the Franchise Disclosure Document the average gross sales for a Smoothie King store in 2019 were 573 455
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What Does a Smoothie King Franchise Cost To buy a franchise with Smoothie King you ll need to have at least liquid capital of 100 000 and a minimum net worth of 300 000 Franchisees can expect to make a total investment of 269 550 845 985 They also offer financing via 3rd party as well as a discount for veterans 20 off Franchise Fee How much does a Smoothie King franchise make The exact amount you make from a Smoothie King franchise will vary based on revenues and expenses The company provides better data than some others making it possible to get a good estimate Average net sales for a Smoothie King outlet are 521 461 per year
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 Depending on the type of store you plan to open the initial cost of a Smoothie King franchise ranges from 269 550 to 845 985 All potential franchise owners must undergo How Much Profit Does A Franchisee Of Smoothie King Make Per Year Smoothie King outdoor shop According to Glassdoor a Smoothie King franchise owner s average salary in 2020 would be 42 337 46 085 This figure is a reported average thus there could be a wide range of salaries From an ownership perspective it can also be advantageous
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How Much Does A Smoothie King Owner Make - How much money can I make with a Smoothie King franchise The amount of money you can make as a Smoothie King franchise owner depends on a variety of factors such as location competition and store performance According to the Franchise Disclosure Document the average gross sales for a Smoothie King store in 2019 were 573 455