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Smoothie King posts 8.41% growth in Q3

Smoothie King Franchises, Inc. reported same stores sales growth of 8.41 percent in Q3 and also inked 22 franchise deals that will lead to the development of 100 stores nationwide.

October 6, 2014

Smoothie King Franchises, Inc. reported same stores sales growth of 8.41 percent in Q3 and also inked 22 franchise deals that will lead to the development of 100 stores nationwide.

Smoothie King opened 14 new stores in the third quarter and signed its largest franchise agreements of the year, including one with SmoothieLand LLC, to develop 50 locations along the East Coast from South Carolina to Washington, D.C.; a 13-store agreement with franchisee Dave McMahon to open units in Greater Houston; and a 10-store deal with Jeff and Paula Conway and David Halpern to open locations in Charleston, S.C. The brand signed an additional 19 franchise agreements in the third quarter to open 33 stores over the next several years.

"Smoothie King has experienced incredible momentum in 2014 and, as the brand owner, it's rewarding for me to see this type of record-setting success," said Smoothie King Global CEO Wan Kim in a company press release. "This summer, we welcomed more than 1,000 attendees to our annual conference and signed nearly two dozen franchise deals in just the third quarter. This proves that the decisions we've made — from rebranding our 41-year-old company to building a strong leadership team and acquiring the naming rights for the Smoothie King Center, home of the NBA's New Orleans Pelicans — have driven our success, making them worth the investment I've made in the brand."