Planet Smoothie
At a Glance
Products & Services: Smoothies & snacks
Number of Locations: 121
Total Investment: $177.3K - 367.8K
Founded: 1995
Began Franchising: 1998
Private Owned
About Planet Smoothie
Martin Sprock opened the first Planet Smoothie store in Atlanta in 1995. Since then, the company has expanded throughout the United States.
Each Planet Smoothie location serves a variety of fruit smoothies, wrap sandwiches (called Round-A-Bouts), soups, vitamins, supplements and low-fat snacks.
Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2010 | 119 | 0 | 1 | 1 |
| 2009 | 124 | 0 | 0 | 1 |
| 2008 | 126 | 0 | 0 | 2 |
Where Seeking Franchisees: Franchisor is seeking new units in Middle East.
Startup Costs, Ongoing Fees and Financing
Total Investment: $177,300 - $367,800
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $200,000
Liquid Cash Available: $80,000
Operations
10% of all franchisees own more than one unit. Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters. Available at franchisee's location. 3 weeks total
Ongoing Support: Newsletter, Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Franchise Ranking History
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