Who is the CEO of Tropical Smoothie Cafe?

Who is the CEO of Tropical Smoothie Cafe?

Charles WatsonJun 2018–

How much does a tropical smoothie owner make a year?

Average Net Revenues in 2020 It is estimated that based on average net revenue of $840,000 and a profit margin of 15%, the average tropical smoothie franchise owner salary/ compensation is $126,000 per year.Dec 9, 2021

How much does it cost to open a tropical smoothie?

How much does it cost to open a Tropical Smoothie Cafe? A new Cafe investment is between $257,500 and $560,500†. Costs vary by location, and the average cost is approximately $375,000‡.

What company owns Tropical Smoothie Cafe?

Levine Leichtman Capital Partners

How much do Smoothie King owners make?

According to Glassdoor, a Smoothie King franchise owner’s average salary in 2020 would be $42,337 $46,085.Nov 3, 2021

Is Tropical Cafe a franchise?

Tropical Smoothie Cafe, sometimes referred to as Tropical Smoothie, or Tropical, is a restaurant franchise in the United States. In addition to smoothies, the cafes offer sandwiches, wraps, salads, flat breads, and introduced bowls to their food line in 2017.

How much does the owner of Tropical Smoothie make?

It is estimated that based on average net revenue of $840,000 and a profit margin of 15%, the average tropical smoothie franchise owner salary/ compensation is $126,000 per year.Dec 9, 2021

How much is Smoothie King worth?

Corporate-wide, revenues were $372.5 million in fiscal year 2017, and $415.7 million in fiscal year 2018.

How do I become a tropical smoothie franchise owner?

To buy a franchise with Tropical Smoothie Cafe, you’ll need to have at least $125,000 in liquid capital and a minimum net worth of $350,000. Franchisees can expect to make a total investment of $198,500 – $543,500. They also offer financing via 3rd party.

How many tropical smoothie cafes are there in the United States?

Every day, we serve up great-tasting, nutritious food and smoothies at more than 1,000 locations in the U.S., with more in development.

How much does it cost to open a Smoothie King franchise?

How much does it cost to open a typical Smoothie King location? The estimated initial investment for an inline or end-cap store can be between $268,900 and $555,965 (including a $30,000 franchise fee). The estimated initial investment for a free-standing drive-thru store can be between $589,300 and $858,900.

How much does a Smoothie King franchise make a year?

The vast majority of Smoothie King franchisees, or the top 75% made $593,329 in net sales over one year. Given the estimated initial investment of a Smoothie King franchise can be as high as $858,000, it is important to invest less money to start a location.

What does the initial franchise fee cover for Tropical Smoothie Cafe?

Name of Fee Low High
Initial Franchise Fee $15,000 $30,000
Professional Fees $6,500 $15,500

Who owns the Tropical Smoothie franchise?

Exterior of a franchise in Fort Lauderdale, Florida
Revenue $500 million .
Number of employees 2,000+ (2018)
Parent Levine Leichtman Capital Partners (LLCP)
Website tropicalsmoothiecafe.com

Where did Tropical Cafe originate?

Destin, Florida

Who is the manager of Tropical Smoothie Cafe?

Ankit Patel –

Is Smoothie King a good investment?

“It’s a large, well-known brand with a dedicated customer base, but there’s still great opportunity for growth in major, untapped markets. Plus, when you consider the outstanding and consistent support from corporate to put owners in the best positions to succeed, investing in Smoothie King is a no-brainer.”Feb 2, 2021

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