Curious to know how much does a Smoothie King franchise owner makes? Well, you are at the right place.
Here, we are going to discuss all facts related to the Smoothie King franchise, its profitability, and whether buying the Smoothie King franchise is worth it or not. So, let’s get started.
What Is Smoothie King?
In 1973, Smoothie King was founded in Kenner, Louisiana, by Steve and Cindy Kuhnau. Smoothie King is known for its healthy drinks and beverages.
Its menu includes juice, Smoothies, an energy bar, nutrition snacks, and so on. It started selling franchising in 1989, and now it has more than 1300 units across the world.
Recently, it was also rated number one on Entrepreneur’s annual Franchise 500 list. Moreover, it also ranked Number 1 in the smoothie/juice bar category franchise.
The policies of buying a Smoothie King franchise are very flexible. There is no rigorous method that you need to follow, and they also don’t require you to have any prior experience.
Moreover, they provide training and support to all new franchises. Additionally, they also offer a financing option as well as a veteran’s discount.
How Much Does A Smoothie King Franchise Owner Make?
As per some unofficial records, Smoothie King generates $415.7 million through its sales annually. An individual Smoothie King Franchise owner can make around $100,000 annually.
This figure is reported as average; there is a possibility that a particular unit can make more than that. However, this also varies on your business skills and location.
And the data we provide is unofficial because Smoothie King never releases official data related to franchise owner profit.
However, most of the data shows that profitability is a bit low, but as per Smoothies King, the profit margin is around 15% of the sales.
What Is Smoothie King Know For?
Smoothie King is a unique concept that serves the industry’s first healthy fruit and function-based, freshly blended Smoothie.
Its menu also includes sports beverages, nutrition snacks, energy bars, herbs, minerals, and so on.
They promise that their smoothies are 100% non-GMO fruits and veggies and contain no trans-fat, hydrogenated oils, and gluten.
They always use organic and fresh vegetables and fruits, making it the best option for health-conscious people.
Smoothie King’s menu has many delicious and healthy drinks, including:
- Lean1 Vanilla
- Original High Protein Banana
- Vegan Pineapple Spinach
- Vegan Nutty Super Grain
- Vegan Mango Kale
- Slim-N-Trim Blueberry
- Lean1 Strawberry
- Gladiator Vanilla Smoothie
- High-Intensity Workout Veggie Mango
- Veggie Lemon Ginger
Pros & Cons Of Smoothie King Franchise
Pros Of Smoothie King Franchise
- Keep enhancing their menu
- Healthy option
- Expert real estate team, which helps you to choose the perfect location
- Provide training & support
- Fast-growing niche
- Global presence
- 72% success rate for franchisees
Cons Of Smoothie King Franchise
- High-price menu
- High-loan failure rate
- The brand message doesn’t stand out enough
Is Smoothie King Franchise Profitable?
There is no official data that shows whether the Smoothie King franchise is profitable or not. However, we determined some aspects on the basis of which we can calculate the average profit.
The profit is always proportional to the cost of investment, and Smoothie King requires a high cost of investment which means there is a chance that profitability will be high.
Moreover, recognized brands having a global presence also play a vital role in the profitability of any franchise.
Smoothie King has a high global presence, and currently, it has more than 1300 outlets around the world. Additionally, Smoothie King is the fastest growing business because of its different niches.
The global market for Smoothie was estimated at $6.68 billion and is expected to reach $7.09 billion in upcoming years, which clearly shows that the demand for Smoothie is growing, and there is a high chance of earning well in the future.
Having said that, please note that the current position of Smoothie King is not good. If you are thinking of buying a Smoothie King franchise, thinking that it will make you rich, then that’s not possible yet.
You can make an average amount of profit from Smoothie King is around $100,000. To conclude, Smoothie King is a unique business idea that has the potential to make a decent amount of profit.
However, future growth is very high, and there is a high chance that Smoothie King can make higher profitability in the future.
As we discussed above, Smoothie King is the fastest-growing franchise. Buying a Smoothie franchise is very easy. You don’t need to follow any long and rigorous interview process.
You can simply apply for the franchise without any prior experience. Additionally, they provide a training program and all kinds of support required to enhance your business growth.
Also, they have an expert real estate team that helps you to choose the perfect location. However, the profit potential is not good enough.
It can make a decent amount of profit which can’t make you rich, but you can earn a basic income from it.
Frequently Asked Questions
How many Smoothie King franchises are there?
Smoothie King has more than 1300 outlets around the world.
What is the annual revenue of the Smoothie King Franchise?
An individual Smoothie King franchise owner makes approximately $100,000 annually.
How much does it cost to buy a Smoothie King franchise?
An initial investment required to open a Smoothie King Franchise is $268,900 – $858,900.
Amit Gupta is the founder of DrFranchises. He has a keen interest in investments, and has thus far invested in a few franchises. Franchise businesses are his forte- he knows all there is to know about their space requirements, fees, ROI potential, and business models. This makes him an ideal candidate for anyone looking to invest in a franchise