Start-Up Costs and Fees |
||
| Smoothie Factory | HipPOPs | |
| Investment | 141500 - 424500 | 245175 - 351450 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | ||
| Year Founded | 1996 | 2012 |
| Year Franchised | 1997 | 2015 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Smoothie Factory | HipPOPs | |
| Experience | * A 620 or higher credit score * Investment capital equal to 30% of the purchase price * $10-$15K of working capital | |
Financing Options |
||
| Smoothie Factory | HipPOPs | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Smoothie Factory | HipPOPs | |
| Training | Three days at HipPOPs Central *Operations + business management *Marketing *Human resources + staffing *POPstar + customer service *Two days of training to ensure that you are ready to open *Production + scheduling assessment *Marketing + networking *Staff training + taste testing *Grand opening review | |
| Support | *Field operations + marketing support *Business coaching *Instructional videos + webinars | |
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| Smoothie Factory | HipPOPs | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion | United Arab Emirates |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Smoothie Factory | |
| HipPOPs | |
| Franchise Fee | |
| Smoothie Factory | |
| HipPOPs | |
| Royalty Fee | |
| Smoothie Factory | 5% |
| HipPOPs | |
| Advertising Fee | |
| Smoothie Factory | |
| HipPOPs | |
| Year Founded | |
| Smoothie Factory | 1996 |
| HipPOPs | 2012 |
| Year Franchised | |
| Smoothie Factory | 1997 |
| HipPOPs | 2015 |
| Term Of Agreement | |
| Smoothie Factory | |
| HipPOPs | |
| Renewal Fee | |
| Smoothie Factory | |
| HipPOPs | |
Business Experience Requirements |
|
| Experience | |
| Smoothie Factory | * A 620 or higher credit score * Investment capital equal to 30% of the purchase price * $10-$15K of working capital |
| HipPOPs | |
Financing Options |
|
| Franchise Fees | |
| Smoothie Factory | |
| HipPOPs | |
| Start-up Costs | |
| Smoothie Factory | |
| HipPOPs | |
| Equipment | |
| Smoothie Factory} | |
| HipPOPs | |
| Inventory | |
| Smoothie Factory | |
| HipPOPs | |
| Receivables | |
| Smoothie Factory | |
| HipPOPs | |
| Payroll | |
| Smoothie Factory | |
| HipPOPs | |
Training & Support |
|
| Training | |
| Smoothie Factory | |
| HipPOPs | Three days at HipPOPs Central *Operations + business management *Marketing *Human resources + staffing *POPstar + customer service *Two days of training to ensure that you are ready to open *Production + scheduling assessment *Marketing + networking *Staff training + taste testing *Grand opening review |
| Support | |
| Smoothie Factory | |
| HipPOPs | *Field operations + marketing support *Business coaching *Instructional videos + webinars |
| Marketing | |
| Smoothie Factory | |
| HipPOPs | |
| Operations | |
| Smoothie Factory | |
| HipPOPs | |
Expansion Plans |
|
| US Expansion | |
| Smoothie Factory | |
| HipPOPs | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Smoothie Factory | |
| HipPOPs | |
| International Expansion | |
| Smoothie Factory | |
| HipPOPs | United Arab Emirates |