Tuesday 12 March 2013

Thinking of Owning a Booster Juice

So you're thinking about owning a Booster Juice Franchise? It is not as easy as signing up, accepting the keys and start making smoothies. Before you even think about owning a franchise, you will need to have enough money so pay the $20,000 franchise fee. You must meet the current financial requirements which are a networth of $350,000 and have liquid assests of $100,000. The turnkey cost for opening a Booster Juice is $214,500 to $244,500. This cost is to cover all other expenses of products, maintenance, direct and indirect costs. The total estimated investment cost would for between $234,500 to $264,500. In the long term investment case, you will gain 6% of gross sales that Booster Juice makes. Each franchise term agreement is 10 years, after the 10 years, if you are successful Booster Juice will allow you to continue owning a Booster Juice franchise. Now that you have passed the financial part of owning a Booster Juice franchise, which location size would you prefer to operate. There are three store sizes, the traditional store size which is between 950 and 1200 square feet. A smaller store size 550 to 950 square feet and the even smaller kiosk which is 400 or less square feet. These store sizes vary depending on the location if it has enough space for storing the products, making the products, serving the cutstomers, allowing the customers to sit, if possible, and allowing the customers to have parking, if not already in a mall or office building. There are many demographics to be considered such as, population, how many possible workers are there in the area during the daytime. The potential size of families in the area, secondary education, home ownership. Being a premium juice and smoothie bar, knowing that the average income of families in the area is above average is also important for Booster Juice to eastablish. Now you can either pick from a list of pre-approved locations that Booster Juice has already looked at, or you can see if Booster Juice will approve of your own desired location. Your location may be ready within a few weeks or it may take as long as 4 to 5 months to be constructed. Then you can begin your in-store training, and of course then, you are open for business. So go ahead new Booster Juice franchisee, make your delicious smoothies and share them with the world, or just Canada.

http://www.boosterjuice.com/franchise/page6.html

3 comments:

  1. I can see that you are putting a lot of time and effort into your blog and detailed articles! I am deeply in love with every single piece of information you post here
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  2. Any comments on average gross sale. Or yearly profit. Or profit margin in booster juice franchise.

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  3. I believe above article published by marketting person. I take 4days as my lunch, its healthy. But I wonder,as franchise how many people can able to purchase a $8+juice? Royalty fee will be waved for initial 1yr period? You mentioned $20k as franchise fee but now its $30k. Profit margin depends on location.

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