Planet Smoothie

At a Glance

Products & Services: Smoothies & snacks

Number of Locations: 121

Total Investment: $177.3K - $367.8K

Founded: 1995

Began Franchising: 1998

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
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
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
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

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

Franchise 500®: #277 (2010),