Smoothie King Shines as Top Healthy Living Franchise
For entrepreneurs seeking a proven brand and one of the fast-growing franchise opportunities, Smoothie King is downright inspiring.
The world’s largest smoothie concept continues to persevere through uncertain times with record-breaking sales and profits and an unwavering commitment to supporting healthy living.
“When you think about it, all people and businesses can benefit from our products, which is one of the reasons we have such huge potential,” says multi-unit Smoothie King franchisee Humza Tanvir. “Living healthy is for everyone.”
And it shows. With more than 1,300 stores, Smooth King remains on the fast track to growth. After hitting a company record second-quarter same-store sales increase of 34%, Smoothie King’s same-store sales maintained an impressive pace, up 5% in the third quarter of 2021, after a 14.8% increase in sales in the third quarter from 2019.
Other financial highlights include:
- Record-busting Average Unit Volume. Smoothie King posted $834,562 average unit volume for the top 25% of franchise stores in operation. The store-level success is partly a result of a robust digital performance fueled by the healthy rewards app, online ordering for pickup and delivery, multiple third-party delivery partners, and the introduction of tablet devices for drive-thru locations.
- Surging Store-Level EBITDA. For the first time, Smoothie King reported an impressive store-level EBITDA at 20% after implementing tools to help franchisees control and reduce costs.
“As we head into 2022, our focus is on helping our franchisees attain higher unit volume and EBITDA through operational efficiency and new technology and to stay dedicated to our mission and vision through new product launches and system-wide initiatives, “says Wan Kim, CEO and chairman of the board of Smoothie King.” I am proud of my team and our franchisees' hard work getting to where we are today and look forward to the future growth of Smoothie King.”
Smoothie King’s advanced systems, technology, and refined franchise practices provide a perfected competitive advantage that has franchisees like Tanvir bullish on the brand. Tanvir spent more than 15 years as a computer software consultant before becoming a Smoothie King franchisee. Like most franchise partners, he invested in the brand because of his love for the product. He owns nine locations in New Jersey and Pennsylvania– opening four stores in 2020--at the height of the pandemic.
“Even through the pandemic, the goal was always to keep growing and creating jobs,” Tanvir says. “I want to continue to create opportunities for people.”
The brand continues to break new ground, inking agreements, year-to-date, for 158 new domestic stores as more people embrace Smoothie Key as a key part of their health and fitness journey.
Smoothie King shows no signs of slowing down in an industry projected to continue to grow by over 7% each year through 2025. The brand landed on Nation’s Restaurant News Top 500 list and was named one of Entrepreneur magazine’s fastest-growing franchises in 2021.
“There has never been a better time to invest into a Smoothie King franchise,” adds Kevin King, Smoothie King’s chief business development officer. “The fourth quarter will surely bring more wins for our franchisees, and we look forward to finding even more qualified franchise candidates to expand our brand into new and existing markets across the country.”
Smoothie King is continuously looking to bring its healthy products to new markets. Along with more growth in the west, franchise opportunities are available in the Southeast, Mid-Atlantic, and Northeast Regions.
Ready to rule the day with a brand that changes lives for the better? Visit smoothiekingfranchise.com.
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