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Smoothie King
#123

Initial Investment

LOW: $188,200
HIGH: $414,050

Change in Units

+4.4% +34 UNITS (1 Year)
+22.8% +150 UNITS (3 Years)

Company Profile

Founded

1973

Franchising Since

1988 (29 Years)

Corporate Address

3900 N. Causeway Blvd., #1300 Metairie, LA 70002

CEO

Wan Kim

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.

Financials

Financial Requirements

Initial Investment

$188,200 - $414,050

Net-worth Requirement

$300,000

Liquid Cash Requirement

$100,000

Ongoing Fees

Initial Franchise Fee

$30,000

Ongoing Royalty Fee

6%

Ad Royalty Fee

3%

Financing Options

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

Veteran Incentives


20% off franchise fee

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: 5 days

Training at headquarters: 12 days

Additional Training: Managment training at corporate office for new store managers (optional)

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 10 - 15

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: December 9th, 2016

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