Start-Up Costs and Fees |
||
| Smoothie Factory | Surf City Squeeze | |
| Investment | 141500 - 424500 | 64600 - 311750 |
| Franchise Fee | ||
| Royalty Fee | 5% | 6% |
| Advertising Fee | 1% | |
| Year Founded | 1996 | 1989 |
| Year Franchised | 1997 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Smoothie Factory | Surf City Squeeze | |
| Experience | * A 620 or higher credit score * Investment capital equal to 30% of the purchase price * $10-$15K of working capital | Industry experience General business experience |
Financing Options |
||
| Smoothie Factory | Surf City Squeeze | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Smoothie Factory | Surf City Squeeze | |
| Training | K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Smoothie Factory | Surf City Squeeze | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Smoothie Factory | |
| Surf City Squeeze | |
| Franchise Fee | |
| Smoothie Factory | |
| Surf City Squeeze | |
| Royalty Fee | |
| Smoothie Factory | 5% |
| Surf City Squeeze | 6% |
| Advertising Fee | |
| Smoothie Factory | |
| Surf City Squeeze | 1% |
| Year Founded | |
| Smoothie Factory | 1996 |
| Surf City Squeeze | 1989 |
| Year Franchised | |
| Smoothie Factory | 1997 |
| Surf City Squeeze | 1995 |
| Term Of Agreement | |
| Smoothie Factory | |
| Surf City Squeeze | 10 years |
| Renewal Fee | |
| Smoothie Factory | |
| Surf City Squeeze | 75% of then-current fee |
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 |
| Surf City Squeeze | Industry experience General business experience |
Financing Options |
|
| Franchise Fees | |
| Smoothie Factory | |
| Surf City Squeeze | |
| Start-up Costs | |
| Smoothie Factory | |
| Surf City Squeeze | |
| Equipment | |
| Smoothie Factory} | |
| Surf City Squeeze | |
| Inventory | |
| Smoothie Factory | |
| Surf City Squeeze | |
| Receivables | |
| Smoothie Factory | |
| Surf City Squeeze | |
| Payroll | |
| Smoothie Factory | |
| Surf City Squeeze | |
Training & Support |
|
| Training | |
| Smoothie Factory | |
| Surf City Squeeze | K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more. |
| Support | |
| Smoothie Factory | |
| Surf City Squeeze | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Smoothie Factory | |
| Surf City Squeeze | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Smoothie Factory | |
| Surf City Squeeze | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Smoothie Factory | |
| Surf City Squeeze | |
| Canada Expansion | |
| Smoothie Factory | |
| Surf City Squeeze | 0 |
| International Expansion | |
| Smoothie Factory | |
| Surf City Squeeze | |