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| Q |
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How long does the application
process take from beginning to end? |
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| A |
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The application approval
process may take up to 2 to 4 weeks, depending on the accuracy and
completeness of the information provided. |
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| Q |
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Does Mr. Smoothie franchise
to individuals, partnerships, or corporations? |
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| A |
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Yes. Mr. Smoothie can accomodate
various ownership groups. |
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| Q |
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Will Mr Smoothie assist
me with financing a store? |
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| A |
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No, Mr. Smoothie franchisees
are required to have the financial systems in place to build and operate
their stores. |
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| Q |
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Does Mr Smoothie grant
territories or regions to franchisees? |
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| A |
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Franchisees may apply for
a territory under a master franchise agreement or for a specific market
and or store. |
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| Q |
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What is the initial investment
for an Mr Smoothie franchise? |
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| A |
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Initial Investment Range:
$87,650 - $376,400 |
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| Q |
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How much is the initial
franchise fee? |
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| A |
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The fee is $20,000.00 for
each store unless you sign a multi store development agreement where
the fee will be reduced based upon how many stores you open and how
quickly they are opened. |
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| Q |
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Does Mr Smoothie require
royalty payments? |
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| A |
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Yes. The current royalty
fee is 6.0% of revenues. This fee contributes to the overall support
system; i.e., training, field support, purchasing, construction, new
product development, and quality control, to mention just a few. |
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| Q |
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How much money can I expect
to make? |
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| A |
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The amount of money individual
locations can expect to make will vary depending on a multitude of
factors including: the locations and demographics, operating costs,
sales, and the overall ability of the franchisee to operate and manage
their franchise location(s). |
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| Q |
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How do I obtain a list
of Mr Smoothie locations? |
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| A |
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Please visit our web site
www.MrSmoothie.com for a listing of all Mr. Smoothie locations. |
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| Q |
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May I obtain a copy of
Mr Smoothie UFOC Agreement? |
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| A |
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Upon completion and acceptance
of the application, a copy of Mr. Smoothie current UFOC will be provided
at the initial interview. |
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| Q |
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What type of training
will I have to attend before I open a store? |
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| A |
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Mr. Smoothie Franchises,
Inc. will provide training for up to three individuals. The initial
training program will be held at one of the Mr. Smoothie corporate
stores. Typically at the store closest to the new franchise. |
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| Q |
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Is there a cost to attend
the initial training? |
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| A |
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Yes. The cost for the initial
training for the prospective franchisee and staff is included in the
initial franchise fee. However, the prospective franchisee is responsible
for all other expenses incurred while attending training, including
travel costs, room and board expenses, and employee salaries. |
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| Q |
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Is there ongoing support
provided? |
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| A |
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Yes. You will have on going
access to our expertise and materials for Site Selection and Store
Leasing, Construction, Purchasing, Store Supervision, Quality Control,
Advertising and Promotions, Marketing Research and Development |
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