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Personal Product & Services - 4. page

Doing Sales The Right Way

An Overview of Smoothie Franchises The smoothie business has grown in popularity lately. Statistics show that the sales are increasing year by year and forecasts indicate that sales will increase further in the coming years. The reason for this is basically because more people understand the benefits of a healthy lifestyle and have taken the measures that are required to live such a life. People know smoothies as nutritious drinks hence they are becoming popular as consumers drink them as meal replacements, after workouts or as snacks. Some people who have an entrepreneurial spirit have taken advantage of this popularity and have ventured into smoothie franchises earning good revenue. There are several smoothie franchises these entrepreneurs can select from. However, there are particular conditions the business proprietor must meet to purchase a franchise. First, they should have some liquid capital of amounts that range from $50,000 to $250,000 depending on the brand of the franchise. For all those who cannot raise the liquid capital, they can try to qualify to get a business loan, but this alternative requires a lot of thought. Another essential condition is the person’s net worth which should be $100,000 at the least. Apart from these, they must have an interest in the food industry and be able to manage a business. Smoothie companies have both advantages and disadvantages. The most noticeable benefit is the name recognition that the company gets. Customers often purchase from a brand they may be conversant, so a franchise comes not only with a name, but with the customers too. Not only does the business owner get an established brand however they get support from the franchise in the form of procuring supplies and the ingredients and training in managing the business. Even for first timers, there is less work involved in developing the business as these resources already are supplied and advertising their products. However, these gains usually do not come cheap. The entrepreneur must pay monthly franchise fees and a franchise fee additionally which amount to about ten percent of the gross sales. There is a less demand for innovation and imagination when having a franchise because the franchise owner is obligated by the terms of the contract. They should adhere to these terms notably on menu offerings and marketing.
Lessons Learned About Services
The decision on whether to franchise or not is determined by the way in which the company owner wants to run their business. If they want some flexibility and relish pressure and danger, they can choose to think of their particular smoothie brand and reject the offers. On the other hand, if they prefer organization, more stability, and less pressure then they should opt for franchising.
Businesses – Getting Started & Next Steps
To make the choice that is best; it could be wise for the business proprietor to learn more about Smoothie franchises.