Juice Bar Franchise Guide: What to Expect
If you are considering a career in franchising and want to be part of a strong business trend, an expanding sector is the health and wellness industry. Within that arena there’s tremendous opportunities in nutritious foods designed to improve and maintain a healthy lifestyle.
Franchise Benefits
Gaining in popularity over the years is the juice bar franchise concept. When you combine the growing wellness trend with the growth of franchising, it can be a recipe for success. Entrepreneurs are attracted to franchising as a business ownership opportunity because of the many benefits. For example, franchising provides an added safety net knowing you as a franchisee can get assistance from the industry experts that are part of your franchise brand. There’s the convenience of having a turnkey business using a proven business model, for a designated price. Not to mention the added advantage of receiving expert training and on-going support designed for your success as a franchisee.
The Juice Industry
Here’s the skinny on juicing. It became popular about a decade ago when folks, trying to improve their health, enjoyed a cold-pressed juice. It was especially well-liked as a post-work-out drink, or a cleanse designed for weight loss. It is a delicious and nutritious way to obtain fruits and vegetables in a drink. Even though juicer machines could be purchased by consumers and drinks made at home– heading to the local juice bar franchise was more convenient.
If your interest is in a juice shop franchise—juicing has held steady as a sought-after business opportunity. Partly as a result of the heightened desire to improve personal health amidst the COVID-19 pandemic, along with decades long growing trends for health and wellness, the market has seen steady growth. The industry is now valued at $3 billion based on numbers published by IBIS World.
Consider a Stronger Market
But as far as juicing is concerned, many juice bar franchises found they could not survive on fruit and vegetables alone. They expanded their menus to include other healthy eating options to increase their earnings. Where the demand really grew was in the acai bowl and smoothie market. The demand for delicious and nutritious meals with fruit, vegetables, yogurt, protein and other healthy ingredients catapulted the bowl and smoothie market. According to Globe Newswire, the Global Smoothies Market size is expected to reach $10.9 billion by 2028, with a market growth of 8.4% CAGR.
Bowls and Smoothies Are More Appealing
Often the term juice bar franchise is interchangeable with the bowl and smoothie industry since many juice bars have diversified their menu to include these hot sellers. As a juice bar franchise owner, you can expect your business to take shape in a variety of ways. For example, you may choose a brand that provides a dine-in option, counter service only, or even a travelling food truck.
For investment purposes, breaking down a juice bar franchise cost can be tricky to determine since there are so many possibilities and variables, so we’d like to direct you to the benefits of owning a SoBol franchise.
Own a SoBol
We are an acai bowl and smoothie franchise café dedicated to providing delicious and nutritious products that appeal to a wide variety of customers. We don’t have to depend on a specific demographic like a juice bar might have to. While juice bars may appeal to those pre and post workout, our bowls and smoothies can be enjoyed by children, parents, and grandparents alike. The common appeal? Our customers appreciate a healthy meal option.
We specialize in acai bowls, green bowls, fruit smoothies & beyond. We believe that eating healthier alternatives should never be a chore. We blend our acai fresh each day, producing our own homemade granola and topping our product with only the freshest of fruits, sourced from local farms whenever possible. All of our product is real food for people looking for a delicious, quick and affordable meal.
Here’s Our Why
From our food to our business model, we keep things simple—but awesome. Our model is reflective of our values– Being a positive force, caring for others and being passionate. We carefully align our mission and vision with all parts of our business. We strive to improve people’s day, whether that’s with our friendly greetings, welcoming fast casual atmosphere or providing super cool food and awesome experiences for every guest who enjoys our products and services. We purposely set up franchise units in convenient locations so that we are easily accessible to become a community gathering spot.
Profit Potential in a Growing Industry
Owning a SoBol is an exciting opportunity in the growing health/wellness and fitness industry. Based on research from McKinsey and Company, consumers really do understand and care about the wellness of themselves and their family. In a recent survey they conducted, nearly 80% of respondents care deeply about wellness and 42% consider it a top priority. Numbers have been climbing since the onset of the global pandemic- reflective of the need, by many, to maintain a healthier lifestyle through fitness and diet. McKinsey goes on to estimate the global wellness market at more than $1.5 trillion, with annual growth of 5%-10%.
SoBol Business Model
Being a part of the wellness market through franchise ownership with SoBol shows positive growth opportunities. From a business model perspective, what we’re looking for are franchisees that:
- Have an understanding of franchising, retail, QSR, marketing and real-estate development, although our franchisee training is top notch
- Have a passion for a healthier lifestyle and a dedication to operational excellence.
- Can afford the costs which are -$225,000-250,000 in liquid assets along with our $30,000 franchise fee, and capital to complete your project.
Are You Ready?
If you’re ready to embark on a new career in the growing wellness market and seek not only profit potential but passion for your business, get started becoming part of the SoBol family. We look forward to hearing from you!