Smoothie King Franchise VS. Smaller Smoothie Franchises: Which to Own
Want to invest in a healthy food business? The franchising industry has all the makings for profit potential. To break it down, the healthy foods sector is projected to reach $1 Trillion by 2026, globally. This is all thanks to the growing consumer demand for health and wellness. Add to that the growing strength of the franchising industry poised to add 17,000 units by the end of the year, and you have a recipe for success.
It’s no surprise that many entrepreneurs are interested in an acai bowl and smoothie franchise. When you think of this type of fast casual restaurant, you may think of a well-recognized, larger brand like the Smoothie King franchise. However, there are benefits to being part of a smaller, emerging franchise. Let’s crunch the numbers.
For prospective franchisees looking to invest, the Smoothie King investment level is listed by Entrepreneur as $269,000 – $859,000. These costs can be even higher if you choose to open a drive-thru location. On top of that, the Smoothie King franchise fee is $15,000 – $30,000. Smoothie King requires a net worth of $300,000 and a $100,000 liquidity level. Determining the Smoothie King profit potential can be complicated and depends on the latest numbers in the Franchise Disclosure Document (FDD). Based on an independent website analysis, average net sales for all units for Smoothie King is $521,461.
The Smoothie King franchise, just like an emerging franchise brand like SoBol, conducts training and on-going support for franchisees as well as providing a marketing plan designed for the success of the business owner. But when you have more than 1,300 units like Smoothie King, you are not able to provide the personal touch and hands-on assistance that SoBol can.
Since 2014, SoBol, the acai bowl and smoothie café, has grown to nearly 60 locations throughout the U.S. Although we are expanding, we enjoy being able to meet all our new franchise owners and see them through their grand openings—not something a larger franchise can do. We are also proud to have competitive prices in terms of overall investment and franchise fees.
Another benefit that we hear from our franchisees is that they enjoy being a part of building the SoBol brand. Our focus is helping our franchise owners get their unit off the ground, running smoothly and assisting with any challenges along the way. Being with a smaller brand allows franchisees to know they are appreciated and valued. This lends itself to also giving franchisees a voice. Their input is needed to maintain brand standards and gain insight about how business is going.
As a brand is growing, it can be quite advantageous for franchisees to join the franchise in its beginning stages. Being part of the growth from the ground up may often mean you have your pick of prime locations. Many larger brands have saturated the market and cannot accommodate protected territories for franchisees –creating competition right out of the gate.
To us, our franchise owners are not just store numbers. We get to know each franchise candidate personally. We do this not only because we want to ensure they are a good fit for our brand, but because they are helping build SoBol and that deserves our attention.
When determining top smoothie franchises, it all depends on your perspective. It’s important to study trends, project growth and fit within the company culture. Starting a business is a big decision, you want to place yourself in the best situation for your success. That means you need to decide whether or not a large brand Smoothie King franchise is something you’re comfortable with instead of owning a small but emerging franchise like SoBol- giving you a front row seat to seeing a brand grow.
For SoBol, profits are important but so are people, and we don’t lose sight of that. Our menus are simple and effective and so is our mission. We want to provide super cool food and awesome experiences and hopefully improve people’s day along the way by preparing a healthy treat enjoyed in a comfortable and relaxed atmosphere.
We’ve got more to tell you, so fill out and submit this franchise form and we’ll get the conversation started.