Smoothie King Franchises Inc., announced today a healthy year of growth in 2012, with 51 openings worldwide and 48 new franchise agreements.
The chain is on track to open 17 U.S. and 33 Korean locations, as well as its first store in Singapore by the end of 2012. Twenty-two of the newly signed franchise agreements will be developed in the U.S. and 26 internationally in Korea.
"Our performance in 2012 is only the beginning of Smoothie King's aggressive expansion in the U.S.," said Smoothie King Global CEO Wan Kim. "We intend to add 1,000 new franchised and corporate locations domestically over the next five years, with the goal of opening 40 franchise and 20 corporate locations in 2013."
Even with more than 600 locations in the U.S., Smoothie King still has extensive franchise opportunities available in the Southeast, Mid-Atlantic and Northeast regions, as well as Texas. International development includes master franchise and corporate expansion in Korea, Singapore and Malaysia, with 50 new stores planned in Korea and 10 in Singapore in 2013, Kim said.
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