Signing out of account, Standby...
- 2022 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$124K - $260K
- Units as of 2020
Here’s what you need to know if you’re interested in opening a Sweetberry franchise.
Sweetberry aims to provide healthy foods that cater to health-conscious consumers. Established in 2017, Sweetberry strives to provide quick and healthy, yet still delectable, fast food alternatives. Since beginning to franchise in 2018, Sweetberry has opened several locations in the United States. It is looking to further expand its business across the country.
Sweetberry believes it is packed with a vast selection of foods and drinks with superfoods as the main ingredient. Ranging from various bowls such as acai and pitaya to wraps, smoothies, and salads, the content of the menu may hit everyone’s taste buds. Customers can also make custom orders, such as getting a delicious vegetarian-friendly wrap that is high in protein.
Why You May Want To Start a Sweetberry Franchise
Sweetberry may be perfect for franchisees who wish to encourage folks around them to be more aware of what they eat. If you are a superfoods fan who has a strong desire to educate the public about wellness and health through consumables, opening a Sweetberry franchise could give you the power to do so. You may have the chance to serve delicious, beautiful-looking, healthy dishes and beverages in a charming environment.
The franchise opportunity may also be an excellent way to jump-start your business career. Opening a Sweetberry franchise could offer a more predictable outcome than investing in a completely new brand that may struggle to thrive in a reasonably crowded and competitive industry.
What Might Make a Sweetberry Franchise a Good Choice?
When you first enter one of the Sweetberry franchise locations, you may notice how gorgeous and cute the place is. The company’s motto is “Superfood Made with Good Vibes,” and it’s not just for show.
An exclusive territories policy is also applied to Sweetbeery locations, so you don’t need to worry about competing with other Sweetberry restaurants. You should also 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 potential renewal fees.
How To Open a Sweetberry Franchise
As you decide if opening a Sweetberry franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Sweetberry franchise would do well in your community. You might want to look for high-traffic neighborhoods with strong anchor tenants, such as health-focused supermarkets and high-end fitness centers. Other decent high-traffic possibilities include universities and residential buildings.
As part of your due diligence, you may want to speak to existing franchisees and ask the Sweetberry franchising team questions.
If awarded a franchise, franchisees receive a great deal of support from the Sweetberry brand throughout the franchising process. In addition to pre-opening training, Sweetberry franchisees may receive support through brand awareness, marketing, research, and construction. They also receive hands-on training and continued support after their franchise location has opened.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a Sweetberry franchise.
- Franchising Since
- 2018 (4 years)
- # of employees at HQ
- Where seeking
This company is seeking new franchisees in the following US states:
- # of Units
- 14 (as of 2020)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Sweetberry 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
- $123,700 - $260,000
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
- 10% 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
- Sweetberry has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory
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
- 20 hours
- Ongoing Support
NewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
Ad TemplatesRegional 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 franchise ownership like Sweetberry? Request a free consultation with a Franchise Advisor now.
Are you eager to see what else is out there? Browse more franchises that are similar to Sweetberry.
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