Because a smoothie business involves handling food, you will also need to complete safe food handling training and earn proper licensure or certification, as required by your state. There are also a number of regulations that will need to be followed by your local health department in addition to regular inspections.
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The amount you spend to open a smoothie business will depend on whether or not you franchise and which location you choose. From licensing to construction to equipment, smoothie business owners may pay anywhere from $10,000 to $650,000! These upfront costs include any and all of the following:
A smoothie business is generally run out of a storefront. Businesses operating out of a physical location typically require a Certificate of Occupancy (CO). A CO confirms that all building codes, zoning laws and government regulations have been met. It is generally the landlord’s responsibility to obtain a CO.
Quality equipment is absolutely necessary for running a profitable smoothie store. We recommend purchasing commercial blending equipment because the motor will be able to handle a larger volume without burning out and your smoothies will be consistent.
We've created a 9-step juice bar guide to help you get started.Choose a Juice Bar Concept and Brand. ... Write a Juice Bar Business Plan. ... Obtain Juice Bar Funding. ... Choose a Juice and Smoothie Shop Location. ... Obtain Permits and Licenses for Your Juice Shop. ... Juice Bar Equipment and Supplies. ... Hire Juice Bar Staff.More items...•
From an investment stand point, industry experts estimate start-up costs for you to own a smoothie business will run between $20,000-$400,000. However, you stand to make about $600,000 in gross revenue annually.
All you really need to start a juice or smoothie business from home is a commercial juicer or blender, a decent sized kitchen and a social media presence or website. We will talk about online marketing in the final step. You can then deliver to customers in your local area.
Cost of Opening a Smoothie Franchise With an average of $25,000 - $30,000 in fees, opening a smoothie franchise like Smoothie King costs between $250,000 - $850,000+.
Average Net Revenues in 2020 It is estimated that based on average net revenue of $840,000 and a profit margin of 15%, the average tropical smoothie franchise owner salary/ compensation is $126,000 per year.
How much can you charge customers? The average price for a smoothie is typically around $5 for a small and $7 for a large. Fruit and yogurt bowls typically sell for around the same prices, while juices are around $4 to $7, depending on the size.
In the fridge: store your smoothies or smoothie ingredients in the fridge for 1-2 days before using them. In the freeze: you can store smoothies or smoothie ingredients in the freezer for up to 3 months. They're perfect for prepping ahead of time and enjoying week after week.
How much does it cost to open a typical Smoothie King location? The estimated initial investment for an inline or end-cap store can be between $320,301 and $585,465 (including a $30,000 franchise fee). The estimated initial investment for a free-standing drive-thru store can be between $723,501 and $1,184,865.
Juice Shop or centers are among the highest profitable businesses in the market. Even if you are new in the field, you can easily expect a 50-70% gross margin. A business does need time and effort to show you profit.
REVENUE PROJECTION The average number of smoothies sold per day is 40 which is around 14,400 smoothies sold per year.
Things That Every Smoothie Shop NEEDSBlenders. This much is probably already obvious to someone hoping to start a smoothie shop, but buying the right blenders can make or break your smoothie business. ... Immersion Blenders. ... Juicers. ... Cups and Glasses. ... Sinks. ... Knives. ... Cutting Boards. ... Undercounter Refrigeration.More items...•
Establishing a juice shop or a chain of juice shops requires minimal capital requirement. Typically a small juice shop with a seating capacity of about 10 – 20 can be established with an investment of about 10 – 15 lakhs.
Here's a breakdown of the costs for one bowl: Acai puree packet: $1.12. 1/3 cup milk: $0.15. Fresh berries: $0.90. ½ cup frozen fruit: $0.35.
How much does it cost to open a typical Smoothie King location? The estimated initial investment for an inline or end-cap store can be between $320,301 and $585,465 (including a $30,000 franchise fee). The estimated initial investment for a free-standing drive-thru store can be between $723,501 and $1,184,865.
6 Tips for Starting a Successful Milkshake BusinessCreate a Solid Business Plan: Franchise or Independent. ... Balance Suitably Between Aesthetic and Convenience. ... Create a Menu That Builds the Brand. ... Know Your Target Demographic. ... Consider Location, Location, Location. ... Invest In the Right Equipment.
Things That Every Smoothie Shop NEEDSBlenders. This much is probably already obvious to someone hoping to start a smoothie shop, but buying the right blenders can make or break your smoothie business. ... Immersion Blenders. ... Juicers. ... Cups and Glasses. ... Sinks. ... Knives. ... Cutting Boards. ... Undercounter Refrigeration.More items...•
The amount you spend to open a smoothie business will depend on whether or not you franchise and which location you choose. From licensing to const...
Ongoing expenses for a smoothie bar include the following: Rent/utilities Employee salaries Supplies Marketing Equipment repair/replacement Permits
The target market for a smoothie business typically includes anyone who wants to make their body healthier with ingredients that actually taste goo...
The average price for a smoothie is typically around $5 for a small and $7 for a large. Fruit and yogurt bowls typically sell for around the same p...
Profits can vary depending on the location of the smoothie business. The average Jamba Juice takes in about $700,000 in annual revenue but consider...
Popular smoothies business owners may want to consider opening their own food truck to take to busy areas with lots of thirsty people. They can als...
A good smoothie bar owner should be interested and up-to-date on the health foods movement. New research comes out every day about how nutrients in...
A typical day for a smoothie bar owner may entail the following tasks: Managing employees Preparing a budget Assisting with customer service Qualit...
It usually helps to have some type of restaurant experience, whether it’s casual, fast-food, or formal. Owners will need to master the logistics of...
Growth potential typically depends on where you open, how you market, and what menu items you offer. But smoothie businesses do have major potentia...
A soft opening is a modified opening that gives your team the opportunity to test out the flow of service. You can observe potential hiccups and get a better idea of what processes may need to be improved before the big grand opening. Here are some tips for planning a soft opening of your juice bar:
Advertising your new juice bar is how you let the public know you are open and ready for business. Today, digital methods of advertising are extremely important if you want to reach a wide audience. It’s very easy to advertise your business online and you can start doing it early on to build excitement for your brand.
A juice bar is a shop that sells fruit and vegetable juices that are freshly squeezed on the premises. Most juice shops occupy a small footprint because they don't require a full kitchen or a seating area. Kiosks, juice carts, and juice food trucks are all popular models for a juice and smoothie shop.
Juice and smoothie bars used to attract only the most health-conscious consumers, but their mass appeal has grown due to an increased interest in wellness. Healthy living and nutritious diets are more popular than ever. For some, a daily visit to the local juice bar has become as routine as a trip to the corner coffee shop.
Every smoothie bar should have a large form of marketing like outdoor signage, banners or posters. We also recommend countertop posters or table tents. Finally, every smoothie bar should have items that customers can take with them. This can be a take-home menu, loyalty cards or limited time coupons.
Equipment is the difference between a crunchy smoothie and a delicious smoothie. In other words, equipment is the difference between a returning customer and a lost customer. That means $$$$. Quality equipment is absolutely necessary for running a profitable smoothie store.
Plan to budget $50,000 at the minimum to start your business. Common startup costs for a smoothie business include: Food truck, kiosk, or renovation costs for a store. Equipment including sinks, blenders, ice machines, freezers, refrigerators, cash registers or Point of Sale (POS) system, etc. Inventory of ingredients.
A business that focuses on healthy smoothies and protein shakes will market to health-conscious adults and adults who are too busy to stop for a traditional meal in the middle of the day. Smoothie businesses that focus on the indulgent side of smoothies will market to adults and kids looking for a sweet treat.
Because smoothies are quick and portable, they also fit in well with Americans’ busy lifestyles, delivering a healthy alternative to fast food that’s just as convenient.
There is lots of competition in the smoothie industry, both from cafes and restaurants that offer smoothies and from pre-made products that are available for purchase in stores. This means that it’s essential to put plenty of thought into a business’ specialty and how to establish its products as unique and preferable to competitors. To do this, look at what competitors are offering, and more importantly, what they aren’t offering. By identifying a niche in the smoothie market, a business can differentiate itself from competitors and will hold an advantage in bringing in customers.
Robeks Franchise notes that increased awareness of the obesity epidemic and a desire for healthier eating have prompted consumers to seek healthier eating choices.
According to PayScale, cashiers make an average of $10.09 per hour, though that can range from $7.89 to $13.21.
As of 2020, the industry was a $3 billion market with 7,952 businesses employing 77,260 businesses. IBIS World predicts that the industry will continue to grow from 2020 to 2025.