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- 2023 Franchise 500 Rank
#335 Ranked #186 last year
- Initial investment
$216K - $622K
- Units as of 2022
186 28.3% over 3 years
Here’s what you need to know if you’re interested in opening a Nekter Juice Bar franchise.
Steve and Alexis Schulze created Nekter Juice Bar in 2010 in pursuit of spreading a healthy lifestyle. This lifestyle includes selling juices, smoothies, acai bowls, and non-dairy ice cream. They found homemade cold-pressed juices fresh and better-tasting. Steve and Alexis saw that people were becoming more health-conscious and that restaurants were also offering healthy alternatives. This encouraged them to set up shop and, two years after its inception, begin awarding franchises. There are now over 150 franchises all throughout the United States.
Why You May Want to Start a Nekter Juice Bar Franchise
An ideal franchisee is likely outgoing, friendly, and community-oriented. They should also be passionate about health as a lifestyle. It may be smart for franchisees to possess business and management skills and be capable of running multiple juice bar franchises.
The Nekter Juice Bar business concept is predicated on franchisee-run locations. The business may be fairly easy to operate, with potentially minimal storage needs. Typically, franchisees receive fresh deliveries more than a few times per week.
As a franchisee, you will most likely be provided with franchise support.
What Might Make a Nekter Juice Bar Franchise a Good Choice?
Nekter Juice Bar may stand out from other juice bar franchises because they are more than a juice bar franchise: they are a lifestyle brand. Customers seemingly love Nekter Juice Bar for their authentic and fresh products. Customers can also use Nekter Juice Bar's menu to help them meet their lifestyle and health goals. This might be a good point to advertise to help bring in potential customers.
How To Open a Nekter Juice Bar Franchise
To be part of the Nekter Juice Bar team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
Nekter Juice Bar has partnered with third-party financial lenders that may help you cover the franchise fee, startup cost, equipment, inventory, accounts receivable, and payroll.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Analyze your local market to see if it is oversaturated with juice bar franchises. Too much competition could hinder growth.
After sending for more information and undergoing an initial screening, you'll most likely review the Franchise Disclosure Document to learn more about the brand and the opportunity. You will also go through the peer review stage, interacting with other franchisees.
At a discovery day event at Nekter Juice Bar headquarters in Costa Mesa, California, you will meet the founders, team members, and other franchisees. After this, the franchisor may award a franchise to you. You may then squeeze this opportunity and serve up authentic and healthy products in your juice bar franchises.
About Nekter Juice Bar
- Franchising Since
- 2012 (11 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees throughout the US.
- # of Units
- 186 (as of 2022)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Nekter Juice Bar 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
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $216,000 - $622,100
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- 20% off franchise fee
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- Nekter Juice Bar 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
- 80 hours
- Classroom Training
- 17 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Additional details about running this franchise.
- Is absentee ownership allowed?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Nekter Juice Bar? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Nekter Juice Bar landed on this year’s Franchise 500 Ranking versus previous years.
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