Frequently
Asked Smoothie Franchise Questions
How long are the average
franchise agreement terms? Generally the
first term is for 10 years. You can renew by paying a renewal fee of a percentage
of the then current franchise fee. Can I own
more than one smoothie franchise store? Yes, generally you can own as
many stores as you'd like dependent on your franchise agreement and providing
you can meet the financial requirements. How much does it cost
to open a smoothie franchise? Depending on the type of store (stand alone,
kiosk, storefront, mobile cart etc.) you open and which franchise package you
choose, you'll need somewhere between $75,000 to $250,000 to open.
How quickly will I make a profit? Your profits will depend on how well
you run the business, how good your location is, and how well you manage your
employees. There is no real way to average out how fast you will see a profit
because it depends on the individual franchisee. Also due to franchising laws,
smoothie franchises are unable to tell you how much you will make.
Do smoothie franchises offer financing? Most smoothie franchises will
connect you with a 3rd party lender that has passed the franchisors requirements.
The franchise fee is typically not financed and that is pay in a lump sum once
you are granted a franchise.
Do most smoothie
franchises offer training? Yes. Most franchises offer in-depth training
on running a smoothie business including marketing, budgeting, products, and other
aspects of the smoothie business. Can I sell
my smoothie franchise? Yes - typically you can sell your franchise to
a person who is pre-approved by your franchisor. Typically, there is a fee assessed
to cover transfer cost which most sellers will pass on to the buyers. To
learn more, click here. |