Start-Up Costs and Fees |
||
| Smoothie Factory | Vitality Juice | |
| Investment | 141500 - 424500 | 128000 - 393500 |
| Franchise Fee | ||
| Royalty Fee | 5% | 5% |
| Advertising Fee | ||
| Year Founded | 1996 | 2004 |
| Year Franchised | 1997 | 2005 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Smoothie Factory | Vitality Juice | |
| 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 | Vitality Juice | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Smoothie Factory | Vitality Juice | |
| Training | * Available at headquarters: 2 weeks * At franchisee's location: 1 week * Ongoing as needed, at any location | |
| Support | ||
| Marketing | ||
| Operations | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 - 12 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Smoothie Factory | Vitality Juice | |
| 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Smoothie Factory | |
| Vitality Juice | |
| Franchise Fee | |
| Smoothie Factory | |
| Vitality Juice | |
| Royalty Fee | |
| Smoothie Factory | 5% |
| Vitality Juice | 5% |
| Advertising Fee | |
| Smoothie Factory | |
| Vitality Juice | |
| Year Founded | |
| Smoothie Factory | 1996 |
| Vitality Juice | 2004 |
| Year Franchised | |
| Smoothie Factory | 1997 |
| Vitality Juice | 2005 |
| Term Of Agreement | |
| Smoothie Factory | |
| Vitality Juice | 15 years |
| Renewal Fee | |
| Smoothie Factory | |
| Vitality Juice | $10,000 |
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 |
| Vitality Juice | |
Financing Options |
|
| Franchise Fees | |
| Smoothie Factory | |
| Vitality Juice | |
| Start-up Costs | |
| Smoothie Factory | |
| Vitality Juice | |
| Equipment | |
| Smoothie Factory} | |
| Vitality Juice | |
| Inventory | |
| Smoothie Factory | |
| Vitality Juice | |
| Receivables | |
| Smoothie Factory | |
| Vitality Juice | |
| Payroll | |
| Smoothie Factory | |
| Vitality Juice | |
Training & Support |
|
| Training | |
| Smoothie Factory | |
| Vitality Juice | * Available at headquarters: 2 weeks * At franchisee's location: 1 week * Ongoing as needed, at any location |
| Support | |
| Smoothie Factory | |
| Vitality Juice | |
| Marketing | |
| Smoothie Factory | |
| Vitality Juice | |
| Operations | |
| Smoothie Factory | |
| Vitality Juice | * 0% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 10 - 12 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Smoothie Factory | |
| Vitality Juice | 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 | |
| Vitality Juice | |
| International Expansion | |
| Smoothie Factory | |
| Vitality Juice | |