Smoothie King
Yes, we actively support the inclusion and development of minority-owned franchises in the Smoothie King system.
Smoothie King
121 Park Place
Covington, LA 70433
800#: (800) 577-4200
Tel: (985) 635-6973
Fax: (985) 635-6987
E-mail: mpowers@smoothieking.com
Web Site: www.smoothieking.com
Contact: Mr. Michael C. Powers, EVP New Business Develop.
SMOOTHIE KING is the original nutritional smoothie bar and health marketplace since 1973. Our brand is recognized by Entrepreneur Magazine as being # 1 in our category for 15 consecutive years and has steadily grown to 390 stores. Brand loyalty and recognition, corporate support and innovation are some reasons why SMOOTHIE KING is in the front of the industry.
Franchisor Background
Established: 1973
First Franchise: 1989
Franchise Units: 389
Company-Owned Units: 1
Total Units: 390
Distribution:
> North America -- Operations in 35 States
> States/Provinces with Greatest Density: 112 in TX, 80 in LA, 54 FL
Units Owned by Minorities:
>African-American:
>Hispanic:
>Asian-American:
>Native American:
>Other:
Average Number of Employees: 2 FT, 6 PT (FT = Full Time, PT = Part Time)
Space Needs: 800-1,000 SF; SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $50K
Total Investment: $120-220K
Average Total Investment: $170K
Minimum Net Worth: $100K
Fees
>Franchise: $25K
>Average Franchise Fee: $25K
>Royalty: 6%
>Advertising: 1%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 10/5/5/5
Passive Ownership: Discouraged
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 50+
On-Going Support: B,C,D,E,F,G,h,I (for an explanation click here)
Training: 7 Days New Orleans, LA.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
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