Listing ID: 83589
Unique opportunity to purchase 3 long-standing and profitable Smoothie King Drive-thru franchises, two with buildings and property. These locations have successfully operated since 2013 and are well-established in the communities they serve. Financing available on Businesses and Real Estate with as little as 10-15% down.
Smoothie King is the #1 health and fitness-focused Smoothie brand in the US. When you buy this franchise, you are joining a system with world-class training and support, comprehensive marketing services, and a business model that has been tested and standardized over the past 47+ successful years. Proven, and highly profitable; This sale will consist of 3 open/operational Smoothie King stores plus real estate!
Owner employs a Multi-store Manager, Store Managers, Shift leaders and a fully trained staff that successfully operate these proven Smoothie King Drive-thru locations.
Smoothie King Franchises, Inc., the original U.S. smoothie franchise, is a privately held, Dallas-based franchise company with 1,300 units worldwide. It was founded in 1973 by Steve Kuhnau, whose mission was to help others achieve better health in a delicious way through smoothies. Despite the challenges that came as a result of the pandemic, Smoothie King was able to persevere in 2020 – opening a record 263 stores globally, including 71 in the United States. This put the franchise over 1,000 units nationwide and more than 1,300 worldwide!
Smoothie King is currently ranked No. 1 by Entrepreneur magazine in the juice bar category for the 29th consecutive year & ranked No. 14 overall on the “2020 Franchise 500” list.
Interested in additional Information?
1) Download or open the Confidentiality Form located in the Attached Documents section below.
2) Complete the Confidentiality Form and return it to us via the email address listed on the bottom of the Confidentiality Form.
3) Upon our receipt of your completed Confidentiality Form, we will contact you and provide you specific data for this business opportunity.
You may also download the Confidentiality Form from our website at www.AtlanticBusinessBrokerage.com, where you can also view similar businesses for sale in your area.
- Asking Price: $2,549,000
- Cash Flow: $403,609
- Gross Revenue: $1,382,912
- EBITDA: $403,609
- FF&E: N/A
- Inventory: $15,000
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:30
- Furniture, Fixtures and Equipment:N/A
These 3 heavily trafficked DRIVE-THRU stores and their equipment are immaculate & well-maintained. They each have tremendous visibility and accessibility, with regional draw from the surrounding areas! Two of the locations are beautiful free-standing stores. One location is owned and the other has an inexpensive Land lease @ just $900/mos.
Up to 15 days of comprehensive training provided by the Franchisor, ensuring you are ready to own these already successful Smoothie King franchises.
Legacy plan has changed
1) Increased Community Involvement - Fundraising nights & partnerships with schools, sports teams, and other organizations, etc. would be very impactful and further increase brand awareness! 2) Huge growth potential with 3rd Party Delivery – The owner launched with DoorDash in 2020 and is seeing increased sales through delivery and on-line ordering! 3) Tremendous Catering opportunities – several large recurring orders already established!
This Business Is An Established Franchise
The company was established in 2013, making the business 9 years old.
The sale doesn't include inventory valued at $15,000*, which ins't included in the requested price.
The company has 30 employees and is situated in a building with approx. square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell operating businesses. However, the real reason vs the one they say to you may be 2 entirely different things. As an example, they may claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a variety of other factors. This is why it is very essential that you not count completely on a vendor's word, yet instead, utilize the vendor's solution together with your total due diligence. This will paint a much more realistic picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover points like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that earnings margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new consumers? Most times, businesses have repeat consumers, which create the core of their everyday revenues. Particular elements such as brand-new competition growing up around the area, roadway building and construction, and also personnel turn over can impact repeat clients and also adversely influence future profits. One important thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the higher the chance to construct a returning customer base. A last idea is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? How might the local median house earnings influence future income prospects?