Start-Up Costs and Fees |
||
| Smoothie Factory | sweetFrog | |
| Investment | 141500 - 424500 | 95600 - 477500 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | 1.50% | |
| Year Founded | 1996 | 2009 |
| Year Franchised | 1997 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Smoothie Factory | sweetFrog | |
| Experience | * A 620 or higher credit score * Investment capital equal to 30% of the purchase price * $10-$15K of working capital | |
Financing Options |
||
| Smoothie Factory | sweetFrog | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Smoothie Factory | sweetFrog | |
| Training | On-The-Job Training: 24 hours Classroom Training: 24 hours Additional Training: As needed | |
| 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 Website development Email marketing Loyalty program/app | |
| Operations | 50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 4. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators). | |
Expansion Plans |
||
| Smoothie Factory | sweetFrog | |
| US Expansion | Nationwide, | |
| Canada Expansion | Nationwide, | |
| International Expansion | Worldwide, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Smoothie Factory | |
| sweetFrog | |
| Franchise Fee | |
| Smoothie Factory | |
| sweetFrog | |
| Royalty Fee | |
| Smoothie Factory | 5% |
| sweetFrog | 5% |
| Advertising Fee | |
| Smoothie Factory | |
| sweetFrog | 1.50% |
| Year Founded | |
| Smoothie Factory | 1996 |
| sweetFrog | 2009 |
| Year Franchised | |
| Smoothie Factory | 1997 |
| sweetFrog | 2012 |
| Term Of Agreement | |
| Smoothie Factory | |
| sweetFrog | 10 years |
| Renewal Fee | |
| Smoothie Factory | |
| sweetFrog | |
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 |
| sweetFrog | |
Financing Options |
|
| Franchise Fees | |
| Smoothie Factory | |
| sweetFrog | |
| Start-up Costs | |
| Smoothie Factory | |
| sweetFrog | |
| Equipment | |
| Smoothie Factory} | |
| sweetFrog | |
| Inventory | |
| Smoothie Factory | |
| sweetFrog | |
| Receivables | |
| Smoothie Factory | |
| sweetFrog | |
| Payroll | |
| Smoothie Factory | |
| sweetFrog | |
Training & Support |
|
| Training | |
| Smoothie Factory | |
| sweetFrog | On-The-Job Training: 24 hours Classroom Training: 24 hours Additional Training: As needed |
| Support | |
| Smoothie Factory | |
| sweetFrog | 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 | |
| sweetFrog | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Smoothie Factory | |
| sweetFrog | 50% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 4. Absentee ownership of franchise is allowed. (50% of current franchisees are owner/operators). |
Expansion Plans |
|
| US Expansion | |
| Smoothie Factory | |
| sweetFrog | Nationwide, |
| Canada Expansion | |
| Smoothie Factory | |
| sweetFrog | Nationwide, |
| International Expansion | |
| Smoothie Factory | |
| sweetFrog | Worldwide, |