News

Smoothie King plans 900 new stores in next four years

May 29, 2014

Smoothie King Franchises Inc. announced it is offering reduced royalties and free equipment to franchisees who sign an area development agreement for a minimum of three stores. According to a news release, the new program is part of Smoothie King’s growth strategy to add more than 900 new franchised and corporate stores domestically throughout the next four years. 

Through its reduced royalty incentive, franchisees will receive a 50 percent reduction on their royalty fees for the first year of operation, paying 3 percent. In year two, franchisees will pay royalties of 4.5 percent. In year three, royalties are charged at the full rate of 6 percent.

Additionally, franchisees will receive an entire blender equipment package, which includes five Vita-Mix Quiet One blenders, for each of their first three stores.