Smoothie King Announces 49 New Franchise Agreements Leading Smoothie Concept's Franchise Development Incentive Program Fuels Growth
NEW ORLEANS, May 8, 2013 /PRNewswire/ -- Smoothie King Franchises, Inc., the premier smoothie and nutritional lifestyle center, announced today it has signed 49 new franchise agreements since the start of January 2013, more than double the total amount of new agreements signed the year prior. This success can be attributed to the company's energized growth driven by new brand ownership, high average unit sales volume, and development incentives to reward strong franchisees with growth opportunities. Smoothie King projects that the majority of the 49 new agreements will open by the end of the year as part of the 100 total planned openings this year.
"Smoothie King's accelerated growth in 2013, along with 20 months of consecutive positive same-store sales is further driving development in both new and existing markets," said Smoothie King Global CEO Wan Kim. "Our franchisees recognize the unique and competitive investment opportunity that our brand offers and we look forward to helping them expand their portfolios."
New franchisees can still take advantage of Smoothie King's incentive program and receive 40 percent off the franchise fee, a savings of $10,000, until the first 40 agreements of 2013 have been signed.
"As we continue to expand across the country, we're confident that local residents will appreciate Smoothie King's commitment to providing a variety of high-quality smoothies, vitamins, supplements and healthy snacks," continued Kim.
Smoothie King plans to add 1,000 new franchised and corporate locations domestically over the next five years. Even with more than 500 locations in the U.S., the brand still has extensive smoothie 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 South Korea and 10 in Singapore in 2013.
Franchisees should possess a passion for the brand and be dedicated to serving the community. While restaurant experience is not required, the ideal candidate for the smoothie franchise should have an entrepreneurial spirit, as well as sales, marketing, restaurant and/or retail experience.
To learn more about the benefits of owning a Smoothie King, please visit www.smoothiekingfranchise.com or contact Natalie Johnson at (985) 635- 6973, ext. 115.
About Smoothie King Franchises Inc. // SK USA, INC.
Smoothie King Franchises, Inc. is a privately held; New Orleans-area-based franchise company and the premier Smoothie Bar and Nutritional Lifestyle Center in the industry. Smoothie King® offers guests the original nutritional fresh-blended smoothie and healthy retail products, including sports beverages, energy bars, healthy snacks, vitamin supplements, herbs, minerals and other sports nutrition products. Smoothie King® opened its first store in 1973 and started as the first franchised smoothie bar/health food store in the United States in 1989. Smoothie King® currently has more than 600 units operating in 32 states, the Caymans, Singapore and the Republic of Korea. In 2013, Smoothie King® was ranked no. 1 by Entrepreneur magazine in the juice bar category for the 19th year and no. 104 overall on the 2013 Franchise 500 list. Visit www.smoothieking.com; engage on Facebook www.facebook.com/SmoothieKing; follow us on Twitter at http://twitter.com/smoothieking.
SOURCE Smoothie King Franchises, Inc.