Planet Smoothie

Planet Smoothie

Smoothies and snacks
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$80K - $359K
Units as of 2020
144 13.4% over 3 years

Company Overview

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.

About Planet Smoothie

Industry
Food
Related Categories
Smoothies/Juices, Fruit
Founded
1995
Parent Company
MTY Franchising USA Inc.
Leadership
Eric Lefebvre, CEO
Ticker Symbol
KAHL

Franchising Overview

Franchising Since
1998 (24 years)
# of employees at HQ
227
Where seeking

This company is seeking new franchisees in the following US states:

This company is seeking new franchisees in the following international regions:

# of Units
144 (as of 2020)

Franchisor Information

Corporate Address
9311 E. Via De Ventura
Scottsdale, AZ 85258

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Planet Smoothie franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$25,000
Initial Investment
$79,650 - $358,500
Net Worth Requirement
$150,000
Cash Requirement
$90,000
Veteran Incentives
20% off franchise fee
Royalty Fee
5%
Ad Royalty Fee
3%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Planet Smoothie has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
24 hours
Classroom Training
40 hours
Additional Training
3 weeks total
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where Planet Smoothie landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021