SOLD – Prime Location National Franchise Smoothie Shop
Prime location established and recognizable national franchise smoothie shop is now available for acquisition. This business was originally established by the previous owner in 2009 and later acquired by the current owner in 2014. Even before the acquisition, the sales have been growing at a steady pace, but since the acquisition and proactive owner involvement, the net sales grew to almost $550,000 in 2021 compared to only $280,000 in 2013, and 2022 is projected to grow an additional 8-10% year over year compared to 2021. The business has enjoyed consistent overall sales growth in the last few years despite the pandemic. The net sales in 2019 were $467,238, in 2020 was $490,255, and in 2021 was $545,796. This business is operated in a 1,276 SF retail strip center surrounded by numerous national retail and department stores, and national franchise fast-food restaurants, and also conveniently placed directly in front of one of the more premium health clubs in the area. The interior was renovated in 2019 to implement a new brand concept per the franchise’s requirement costing nearly $100,000 and renovation is not necessary until 2029. The storefront is easily visible from the main road due to its convenient location and the number of well-known stores generates complementary and heavy foot traffic to this business.
This establishment specializes in a variety of custom-made smoothies that cater to individual’s preferences and goals, crafted with whole fruits, organic veggies, and nutritional enhancers. The customer base consists of affluent individuals from the gym-goers, commuting residents, business employees from the surrounding area, and package delivery drivers who consume the products as a meal replacement. There is no proactive marketing in place as the corporate handles all the local and national marketing. With its recognizable brand, support from the corporate, established customer base, and the slow and steady growth of the city, this business should keep enjoying intrinsic sales growth in the future.