Start-Up Costs and Fees |
||
| Planet Smoothie | Rita's | |
| Investment | 190150 - 358500 | 15100 - 435000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | 6.50% |
| Advertising Fee | 2% | 3% |
| Year Founded | 1995 | 1984 |
| Year Franchised | 1995 | 1989 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Smoothie | Rita's | |
| Experience | A Planet Smoothie franchisee should have an outgoing personality and a desire to provide customers a healthier option. You should also enjoy going out into the community to meet new people and let them know about your store. Building partnerships in the community is key to growing revenue for your store. We provide a detailed game plan to help you build awareness, and executing the game plan can be half the fun of owning a store: You get to be the person who makes the community a little bit better and a little bit healthier, and communities love that! To open a store, you need at least $100,000 in liquid capital and a net worth of $400,000. | |
Financing Options |
||
| Planet Smoothie | Rita's | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Planet Smoothie | Rita's | |
| Training | Hands-on experience in operating a Planet Smoothie restaurant in Atlanta, Georgia. This covers all facets of operating the Planet Smoothie business. A Planet Smoothie representative will then assist you at the opening of your first restaurant. | 5 days at Cool University and 4 days on site |
| Support | Cool Support Center, newsletter, meetings, toll-free phone line, grand opening, security/safety procedures, field operations/evaluations | |
| Marketing | Ad slicks, National media, Regional advertising | |
| Operations | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: average 2 full-time, 15 part-time | |
Expansion Plans |
||
| Planet Smoothie | Rita's | |
| US Expansion | Connecticut, Illinois, Indiana, Kentucky, Massachusetts, New Hampshire, New York, North Carolina, Ohio, Rhode Island, South Carolina, Tennessee, West Virginia | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Planet Smoothie | |
| Rita's | |
| Franchise Fee | |
| Planet Smoothie | |
| Rita's | |
| Royalty Fee | |
| Planet Smoothie | 5% |
| Rita's | 6.50% |
| Advertising Fee | |
| Planet Smoothie | 2% |
| Rita's | 3% |
| Year Founded | |
| Planet Smoothie | 1995 |
| Rita's | 1984 |
| Year Franchised | |
| Planet Smoothie | 1995 |
| Rita's | 1989 |
| Term Of Agreement | |
| Planet Smoothie | |
| Rita's | 10 years |
| Renewal Fee | |
| Planet Smoothie | |
| Rita's | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Planet Smoothie | A Planet Smoothie franchisee should have an outgoing personality and a desire to provide customers a healthier option. You should also enjoy going out into the community to meet new people and let them know about your store. Building partnerships in the community is key to growing revenue for your store. We provide a detailed game plan to help you build awareness, and executing the game plan can be half the fun of owning a store: You get to be the person who makes the community a little bit better and a little bit healthier, and communities love that! To open a store, you need at least $100,000 in liquid capital and a net worth of $400,000. |
| Rita's | |
Financing Options |
|
| Franchise Fees | |
| Planet Smoothie | |
| Rita's | |
| Start-up Costs | |
| Planet Smoothie | |
| Rita's | |
| Equipment | |
| Planet Smoothie} | |
| Rita's | |
| Inventory | |
| Planet Smoothie | |
| Rita's | |
| Receivables | |
| Planet Smoothie | |
| Rita's | |
| Payroll | |
| Planet Smoothie | |
| Rita's | |
Training & Support |
|
| Training | |
| Planet Smoothie | Hands-on experience in operating a Planet Smoothie restaurant in Atlanta, Georgia. This covers all facets of operating the Planet Smoothie business. A Planet Smoothie representative will then assist you at the opening of your first restaurant. |
| Rita's | 5 days at Cool University and 4 days on site |
| Support | |
| Planet Smoothie | |
| Rita's | Cool Support Center, newsletter, meetings, toll-free phone line, grand opening, security/safety procedures, field operations/evaluations |
| Marketing | |
| Planet Smoothie | |
| Rita's | Ad slicks, National media, Regional advertising |
| Operations | |
| Planet Smoothie | |
| Rita's | 50% of all franchisees own more than one unit Number of employees needed to run franchised unit: average 2 full-time, 15 part-time |
Expansion Plans |
|
| US Expansion | |
| Planet Smoothie | |
| Rita's | Connecticut, Illinois, Indiana, Kentucky, Massachusetts, New Hampshire, New York, North Carolina, Ohio, Rhode Island, South Carolina, Tennessee, West Virginia |
| Canada Expansion | |
| Planet Smoothie | 0 |
| Rita's | |
| International Expansion | |
| Planet Smoothie | |
| Rita's | |