Start-Up Costs and Fees |
||
| Tropical Smoothie Cafe | Newk's | |
| Investment | 198500 - 543500 | 971100 - 1207350 |
| Franchise Fee | ||
| Royalty Fee | 6% | 5% |
| Advertising Fee | 3% | 1.50% |
| Year Founded | 1997 | 2004 |
| Year Franchised | 1998 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Tropical Smoothie Cafe | Newk's | |
| Experience | Hands on management preferred, restaurant experience preferred (but not required), ability to follow a business system, financial capabilities, general business acumen, ability to work well in a team environment, and passion!!! | Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets). |
Financing Options |
||
| Tropical Smoothie Cafe | Newk's | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Tropical Smoothie Cafe | Newk's | |
| Training | We believe in setting up our franchisees for success. We provide the following training: four-week training program, consisting of two weeks in a nearby Cafe, one week in a classroom setting at our Support Center in Atlanta, Georgia and one week onsite for your Grand Opening. | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | Tropical Smoothie Cafe has a very simple business operation since we do not utilize any fryers, grills, hooding systems or serve alcohol in the cafe. Absentee Ownership Allowed Number of Employees Required to Run: 10 - 20 | Number of Employees Required to Run: 50 |
Expansion Plans |
||
| Tropical Smoothie Cafe | Newk's | |
| 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 | |
| Tropical Smoothie Cafe | |
| Newk's | |
| Franchise Fee | |
| Tropical Smoothie Cafe | |
| Newk's | |
| Royalty Fee | |
| Tropical Smoothie Cafe | 6% |
| Newk's | 5% |
| Advertising Fee | |
| Tropical Smoothie Cafe | 3% |
| Newk's | 1.50% |
| Year Founded | |
| Tropical Smoothie Cafe | 1997 |
| Newk's | 2004 |
| Year Franchised | |
| Tropical Smoothie Cafe | 1998 |
| Newk's | 2004 |
| Term Of Agreement | |
| Tropical Smoothie Cafe | 15 years |
| Newk's | |
| Renewal Fee | |
| Tropical Smoothie Cafe | |
| Newk's | none |
Business Experience Requirements |
|
| Experience | |
| Tropical Smoothie Cafe | Hands on management preferred, restaurant experience preferred (but not required), ability to follow a business system, financial capabilities, general business acumen, ability to work well in a team environment, and passion!!! |
| Newk's | Newk's is looking for experienced franchise owners with a track record of success opening and running multiple unit foodservice operations. Qualified candidates will have a minimum of 3 years experience, and be financially and operationally capable of developing at least 3 -5 Newk's Express Cafe locations (we recommend that each franchise candidate/group have at least $600,000 in liquid assets, meaning cash, stocks, bonds or other easily liquid assets). |
Financing Options |
|
| Franchise Fees | |
| Tropical Smoothie Cafe | No |
| Newk's | No |
| Start-up Costs | |
| Tropical Smoothie Cafe | |
| Newk's | |
| Equipment | |
| Tropical Smoothie Cafe} | |
| Newk's | |
| Inventory | |
| Tropical Smoothie Cafe | |
| Newk's | |
| Receivables | |
| Tropical Smoothie Cafe | |
| Newk's | |
| Payroll | |
| Tropical Smoothie Cafe | |
| Newk's | |
Training & Support |
|
| Training | |
| Tropical Smoothie Cafe | We believe in setting up our franchisees for success. We provide the following training: four-week training program, consisting of two weeks in a nearby Cafe, one week in a classroom setting at our Support Center in Atlanta, Georgia and one week onsite for your Grand Opening. |
| Newk's | On-The-Job Training: 276 hours Classroom Training: 74 hours |
| Support | |
| Tropical Smoothie Cafe | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform |
| Newk's | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Tropical Smoothie Cafe | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Newk's | Co-op Advertising Ad Templates Regional Advertising Social media SEO Email marketing Loyalty program/app |
| Operations | |
| Tropical Smoothie Cafe | Tropical Smoothie Cafe has a very simple business operation since we do not utilize any fryers, grills, hooding systems or serve alcohol in the cafe. Absentee Ownership Allowed Number of Employees Required to Run: 10 - 20 |
| Newk's | Number of Employees Required to Run: 50 |
Expansion Plans |
|
| US Expansion | |
| Tropical Smoothie Cafe | 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 |
| Newk's | |
| Canada Expansion | |
| Tropical Smoothie Cafe | 0 |
| Newk's | |
| International Expansion | |
| Tropical Smoothie Cafe | |
| Newk's | |