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Smoothie King

2014 Franchise 500
#86
At a Glance

Products & Services: Smoothies, health products

Number of Locations: 657

Total Investment: $144.4K - $336.2K

Founded: 1973

Began Franchising: 1988

About Smoothie King

When visits to various doctors did little to relieve the allergies Steve Kuhnau was suffering from, the nurse began reading up on nutrition, hoping a change in diet would help his symptoms. Once he began eating fresh foods and cutting fat out of his diet, Kuhnau started feeling better. His next task was to find a way to tackle the midday fatigue caused by hypoglycemia. Using his nursing expertise and the drink mixing experience he gained as a soda jerk in high school, Kuhnau began experimenting with high protein drinks. The resulting product combined fresh fruits, vitamins and other supplements and inspired the creation of Kuhnau's company, Smoothie King. Each Smoothie King store sells smoothies and a variety of vitamins, minerals, low fat snacks and nutritional supplements.

Franchise Units

Year U.S. Canadian International Company Owned
2013 524 0 127 6
2012 536 0 103 1
2011 530 0 84 1
2010 549 0 62 1
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $144,400 - $336,200
Franchise Fee: $25,000
Ongoing Royalty Fee: 6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $75,000
Operations
60% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6 - 9. Absentee ownership of franchise is allowed. (75% 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: 1 day. At franchisee's location: 1 week. Managment training at corporate store : 14 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media,

Franchise Ranking History

Franchise 500®: #86 (2014), #104 (2013), #122 (2012), #70 (2011), #80 (2010),
Fastest-Growing: #87 (2010),
America's Top Global: #61 (2013), #100 (2012), #60 (2011), #67 (2010),