Start-Up Costs and Fees |
||
| Smoothie Factory | Juice It Up! | |
| Investment | 141500 - 424500 | 214375 - 390475 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | 2% | |
| Year Founded | 1996 | 1995 |
| Year Franchised | 1997 | 1998 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Smoothie Factory | Juice It Up! | |
| Experience | * A 620 or higher credit score * Investment capital equal to 30% of the purchase price * $10-$15K of working capital | General business experience Marketing skills |
Financing Options |
||
| Smoothie Factory | Juice It Up! | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Smoothie Factory | Juice It Up! | |
| Training | Comprehensive Franchise Training Program consisting of an Orientation, Initial Franchise Training (pre-store start up), and --On The Job-- Training, including a complete set of training manuals. On-The-Job Training: 100 hours Classroom Training: 36 hours | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 10 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Smoothie Factory | Juice It Up! | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Smoothie Factory | |
| Juice It Up! | |
| Franchise Fee | |
| Smoothie Factory | |
| Juice It Up! | |
| Royalty Fee | |
| Smoothie Factory | 5% |
| Juice It Up! | 6% |
| Advertising Fee | |
| Smoothie Factory | |
| Juice It Up! | 2% |
| Year Founded | |
| Smoothie Factory | 1996 |
| Juice It Up! | 1995 |
| Year Franchised | |
| Smoothie Factory | 1997 |
| Juice It Up! | 1998 |
| Term Of Agreement | |
| Smoothie Factory | |
| Juice It Up! | 10 years |
| Renewal Fee | |
| Smoothie Factory | |
| Juice It Up! | |
Business Experience Requirements |
|
| Experience | |
| Smoothie Factory | * A 620 or higher credit score * Investment capital equal to 30% of the purchase price * $10-$15K of working capital |
| Juice It Up! | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Smoothie Factory | |
| Juice It Up! | |
| Start-up Costs | |
| Smoothie Factory | |
| Juice It Up! | |
| Equipment | |
| Smoothie Factory} | |
| Juice It Up! | |
| Inventory | |
| Smoothie Factory | |
| Juice It Up! | |
| Receivables | |
| Smoothie Factory | |
| Juice It Up! | |
| Payroll | |
| Smoothie Factory | |
| Juice It Up! | |
Training & Support |
|
| Training | |
| Smoothie Factory | |
| Juice It Up! | Comprehensive Franchise Training Program consisting of an Orientation, Initial Franchise Training (pre-store start up), and --On The Job-- Training, including a complete set of training manuals. On-The-Job Training: 100 hours Classroom Training: 36 hours |
| Support | |
| Smoothie Factory | |
| Juice It Up! | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Marketing | |
| Smoothie Factory | |
| Juice It Up! | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | |
| Smoothie Factory | |
| Juice It Up! | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 8 - 10 Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Smoothie Factory | |
| Juice It Up! | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Smoothie Factory | |
| Juice It Up! | 0 |
| International Expansion | |
| Smoothie Factory | |
| Juice It Up! | |