Start-Up Costs and Fees |
||
| Planet Smoothie | Yogurt Lab | |
| Investment | 190150 - 358500 | 313500 - 557000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% of Gross Revenues |
| Advertising Fee | 2% | 1% local |
| Year Founded | 1995 | 2011 |
| Year Franchised | 1995 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Planet Smoothie | Yogurt Lab | |
| 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 | Yogurt Lab | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Planet Smoothie | Yogurt Lab | |
| 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. | Before you open your Store, we will train you and one of your manager-level employees to operate a YOGURT L AB Store. We will provide approximately eight days of training (although the specific number of days depends on our opinion of your experience and needs) in Minneapolis, Minnesota, or another location we designate. You must attend the entire training program. Additional people beyond the first two may attend initial training if you pay our then- current training charge for each additional person (currently $500 per person per day). You also must pay for all travel and living expenses that you and your employees incur and for your employees' wages and workers' compensation insurance while they attend our initial training program. Training will occur after you sign the Franchise Agreement and while you are developing the Store. You and your attendees must complete the entire training program to our satisfaction before you may open your Store |
| Support | ||
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| Planet Smoothie | Yogurt Lab | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Planet Smoothie | |
| Yogurt Lab | |
| Franchise Fee | |
| Planet Smoothie | |
| Yogurt Lab | |
| Royalty Fee | |
| Planet Smoothie | 5% |
| Yogurt Lab | 6% of Gross Revenues |
| Advertising Fee | |
| Planet Smoothie | 2% |
| Yogurt Lab | 1% local |
| Year Founded | |
| Planet Smoothie | 1995 |
| Yogurt Lab | 2011 |
| Year Franchised | |
| Planet Smoothie | 1995 |
| Yogurt Lab | 2013 |
| Term Of Agreement | |
| Planet Smoothie | |
| Yogurt Lab | 10 years |
| Renewal Fee | |
| Planet Smoothie | |
| Yogurt Lab | |
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. |
| Yogurt Lab | |
Financing Options |
|
| Franchise Fees | |
| Planet Smoothie | |
| Yogurt Lab | |
| Start-up Costs | |
| Planet Smoothie | |
| Yogurt Lab | |
| Equipment | |
| Planet Smoothie} | |
| Yogurt Lab | |
| Inventory | |
| Planet Smoothie | |
| Yogurt Lab | |
| Receivables | |
| Planet Smoothie | |
| Yogurt Lab | |
| Payroll | |
| Planet Smoothie | |
| Yogurt Lab | |
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. |
| Yogurt Lab | Before you open your Store, we will train you and one of your manager-level employees to operate a YOGURT L AB Store. We will provide approximately eight days of training (although the specific number of days depends on our opinion of your experience and needs) in Minneapolis, Minnesota, or another location we designate. You must attend the entire training program. Additional people beyond the first two may attend initial training if you pay our then- current training charge for each additional person (currently $500 per person per day). You also must pay for all travel and living expenses that you and your employees incur and for your employees' wages and workers' compensation insurance while they attend our initial training program. Training will occur after you sign the Franchise Agreement and while you are developing the Store. You and your attendees must complete the entire training program to our satisfaction before you may open your Store |
| Support | |
| Planet Smoothie | |
| Yogurt Lab | |
| Marketing | |
| Planet Smoothie | |
| Yogurt Lab | |
| Operations | |
| Planet Smoothie | |
| Yogurt Lab | |
Expansion Plans |
|
| US Expansion | |
| Planet Smoothie | |
| Yogurt Lab | |
| Canada Expansion | |
| Planet Smoothie | 0 |
| Yogurt Lab | |
| International Expansion | |
| Planet Smoothie | |
| Yogurt Lab | |