Franchise king
Franchise king
Smoothie King acquired its commencement back in 1987 once Steve and Cindy Kuhnau started making health drinks in desire that they would aide Steve’s allergy fusses. Having a nursing knowledge, he felt that through getting rid of fats from his diet and concentrating on higher protein foods and drinks he might determine some alleviation from his symptoms. His drink creations were at first sold out of their health food store but as they became more common, a new business opportunity, Smoothie King, was originated. They started franchising in 1988 and have determined constant expansion ever since. In 2009, a year once most food-service franchises were stroke by a slump, the Smoothie King franchise raised to more than 550 franchise units in the United States and another 56 all over the world. They are now attempting to acquire new franchisees all over the world and they do not provide selective Franchise king territories.
The Smoothie King franchises is still managed by its main establishers and its main office settled in Covington, Louisiana. Stores sell different vitamins, healthy snacks, and supplements besides smoothies. The developing Franchise king trend of healthier, rapider snacks is fueling the Smoothie King success throughout the past few years and they have programs for preserved development in 2010. The franchise bung is $25,000 and the appraised commencing disbursements array from $140,400 to $329,500 counting on location. There is likewise a 6% in progress royalty bung. At this level, Smoothie King plausibly is not stipulated as an “affordable” franchise opportunity, but it is close sufficiently to warrant mention in the same context as a large number of the franchises coming in under the $100,000 commencement mark. A lower limit income of $100,000 is demanded by a new franchisee with leastwise $50,000 being liquid Franchise king capital. Smoothie King does not offer any kind of funding but they actually provide third side funding.
It is appraised that the moderate Smoothie King franchise demands 9-11 employees and absentee ownership is provided. Around 60% of all franchisees possess more than one location, a true piece of Franchise king information that must be taken into account once settling on getting into this opportunity. It is not strange that various locations are needed for a franchisee to come up with any considerable kind of lucre. The main company offers training at the corporate home office and at the franchisee’s location and likewise leads a 14 day management training course at king company main office. Perpetual backing is offered through co-op advertising, newsletters, meetings, internet, and phone.
The Smoothie King franchise seems to be going in the proper way, but it actually demands a considerable investment and financial peril to get moving. There might be other business opportunities that provide a standardized return on king investment with a definite smaller peril. I would recommend looking into all choices, comprising online settled businesses, before leading off this Franchise king venture.
