Some Basic Information About Smoothie Franchises The smoothie business has recently become a booming business. Statistics show the sales are growing year by year, and predictions reveal that sales will grow further in the coming years. The cause of this is because more people understand the benefits of a healthy lifestyle and have taken the measures that are necessary to live this kind of life. People know smoothies as nutritious beverages hence they are becoming popular as consumers drink them as meal replacements, after workouts or as snacks. Some people who have an entrepreneurial spirit have taken advantage of this popularity and have ventured into smoothie franchises earning good revenue. There are several smoothie franchises that these entrepreneurs can choose from. However, there are particular conditions the business proprietor must meet to purchase a franchise. They need to have some liquid capital of amounts which range from $50,000 to $250,000 depending on the brand of the franchise. For all those who cannot raise the liquid capital, they can try to qualify to get a business loan, but this alternative requires a lot of thought. Another fundamental requirement is the individual’s net worth which should be $100,000 at the least. Besides these, they have to be interested in the food industry and manage to handle a company. Smoothie companies have both advantages and disadvantages. The most noticeable benefit is the name recognition that the company gets. Customers often purchase from a brand they may be conversant, so a franchise comes not only with a name, but with the customers too. Not only does the business owner get an established brand but they get support from the franchise in the form of training in managing the company and procuring supplies and the ingredients. Even for first timers, there is less work involved in establishing the business and marketing their products as these resources are already provided. However, these benefits do not come cheap. The entrepreneur must pay a franchise fee and monthly franchise fees also which amount to about ten percent of the gross sales. There is a less demand for innovation and imagination when having a franchise because the franchise owner is obligated by the terms of the contract. They should adhere to these terms notably on menu offerings and marketing.
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The decision on whether to franchise or not is dependent on how the business owner wants to run their business. If they want some flexibility and relish pressure and danger, they can choose to think of their particular smoothie brand and reject the offers. On the other hand, if they prefer organization, more stability, and less pressure then they should opt for franchising.
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To make the best choice; it’d be prudent for the company owner to learn more about Smoothie franchises.