How to Buy a Smoothie King Franchise

Smoothie King is a small restaurant/store franchise, but the company is growing. Started in 1973, Smoothie King is based on the idea that people can use smoothies, which are fruity and cold, to lose weight, gain muscle or otherwise stay healthy. This concept appeals to people in many areas, so if you're interested in starting a Smoothie King franchise, follow these steps to be on your way.

Instructions

Difficulty: Challenging

1. Determine whether the Smoothie King idea is right for you. The concept of the company is based on using smoothies and nutritional supplements to help you stay healthy. Learn all you can about the product before you consider opening a franchise.
2. Find out if you have the required net worth and liquid capital. Smoothie King requires less start-up capital than many franchise businesses, but you need to be sure you're within their guidelines. Now is a good time to have a chat with your banker about the possibility of being approved for a start-up loan if needed.
3. Locate potential locations. Speak to a commercial realtor in your area. Find out about lease options versus purchase options for your franchise.
4. Draw up a business plan. As with most franchise opportunities, you must demonstrate that you have the experience necessary in restaurant management to open the franchise. You also must have demographic information available about the population you are seeking to serve.
5. Secure the financing if needed. Go back to your banker with the business plan to get plans for your start-up loan finalized. You'll need to show that you have the money available if your franchise is approved.
6. Complete the application. Visit SmoothieKing.com to download the application. Be thorough in your application and make sure that you are letting them know you have the dedication and knowledge to see the Smoothie King franchise to fruition if you are approved.

Tips & Warnings

• Secure a franchise attorney for help in starting up your Smoothie King franchise.