Start-Up Costs and Fees |
||
| Surf City Squeeze | Smoothie Factory | |
| Investment | 64600 - 311750 | 141500 - 424500 |
| Franchise Fee | ||
| Royalty Fee | 6% | 5% |
| Advertising Fee | 1% | |
| Year Founded | 1989 | 1996 |
| Year Franchised | 1995 | 1997 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Surf City Squeeze | Smoothie Factory | |
| Experience | Industry experience General business experience | * A 620 or higher credit score * Investment capital equal to 30% of the purchase price * $10-$15K of working capital |
Financing Options |
||
| Surf City Squeeze | Smoothie Factory | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Surf City Squeeze | Smoothie Factory | |
| 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 |
||
| Surf City Squeeze | Smoothie Factory | |
| US Expansion | ||
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Surf City Squeeze | |
| Smoothie Factory | |
| Franchise Fee | |
| Surf City Squeeze | |
| Smoothie Factory | |
| Royalty Fee | |
| Surf City Squeeze | 6% |
| Smoothie Factory | 5% |
| Advertising Fee | |
| Surf City Squeeze | 1% |
| Smoothie Factory | |
| Year Founded | |
| Surf City Squeeze | 1989 |
| Smoothie Factory | 1996 |
| Year Franchised | |
| Surf City Squeeze | 1995 |
| Smoothie Factory | 1997 |
| Term Of Agreement | |
| Surf City Squeeze | 10 years |
| Smoothie Factory | |
| Renewal Fee | |
| Surf City Squeeze | 75% of then-current fee |
| Smoothie Factory | |
Business Experience Requirements |
|
| Experience | |
| Surf City Squeeze | Industry experience General business experience |
| Smoothie Factory | * A 620 or higher credit score * Investment capital equal to 30% of the purchase price * $10-$15K of working capital |
Financing Options |
|
| Franchise Fees | |
| Surf City Squeeze | No |
| Smoothie Factory | No |
| Start-up Costs | |
| Surf City Squeeze | |
| Smoothie Factory | |
| Equipment | |
| Surf City Squeeze} | |
| Smoothie Factory | |
| Inventory | |
| Surf City Squeeze | |
| Smoothie Factory | |
| Receivables | |
| Surf City Squeeze | |
| Smoothie Factory | |
| Payroll | |
| Surf City Squeeze | |
| Smoothie Factory | |
Training & Support |
|
| Training | |
| 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. |
| Smoothie Factory | |
| Support | |
| Surf City Squeeze | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Smoothie Factory | |
| Marketing | |
| Surf City Squeeze | Co-op advertising, Ad slicks, Regional advertising |
| Smoothie Factory | |
| Operations | |
| 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) |
| Smoothie Factory | |
Expansion Plans |
|
| US Expansion | |
| Surf City Squeeze | |
| Smoothie Factory | |
| Canada Expansion | |
| Surf City Squeeze | 0 |
| Smoothie Factory | |
| International Expansion | |
| Surf City Squeeze | |
| Smoothie Factory | |