HomeFood & Beverages FranchiseHow much does a Planet Smoothie Franchise Cost? - Overview & Profit

How much does a Planet Smoothie Franchise Cost? – Overview & Profit

Are you looking for a profitable smoothie franchise in the United States? Do you have a passion for smoothies and want to turn it into a business opportunity by partnering with a renowned brand? Consider starting a Planet Smoothie franchise for a lucrative venture.

Look no further! Welcome to FranchiseGoal, In this comprehensive blog, we’ll explore about the Planet Smoothie Franchise and along with its cost, fee, and profit margin – we’ll also answer some of the most asked questions on this chain.

Without a doubt, The Smoothie industry has experienced significant growth and certainly carries a promising prospects for the future.

According to the Mordor Intelligence, the smoothies market, which is currently valued at USD 4,734.49 million in 2023, is expected to reach at a valuation of USD 6,822.30 million by 2028, exhibiting a CAGR growth of 7.58% during the forecast period (2023-2028)

Did you know?
Planet Smoothie Franchise Opportunity
  • Brand: Planet Smoothie
  • Founded: 1995
  • Key PeopleMartin Sprock
  • Industry: Food & Beverages
  • No. of Franchise: 100+
  • Area served: Worldwide
  • Franchise Fee: $12,000 – $25,000
  • Royalty Fee: 5%
  • Ad Royalty Fee: 2%
  • Model: Franchise
  • Est. Initial Investment: $195,650 – $446,500

Overview of Planet Smoothie Franchise

Overview of Planet Smoothie Franchise

Established by Martin Sprock in 1995 in Atlanta, Georgia, Planet Smoothie has emerged as the third-largest chain of smoothie stores in the United States. With a strong focus on delivering delicious smoothies and providing a fun and unique atmosphere in their stores, Planet Smoothie has established itself as a frontrunner in the smoothie industry.

The company takes pride in serving delicious smoothies made with real fruit and other high-quality ingredients, which helped the chain to grow over 100 stores across the country.

According to the official information, Planet Smoothie was acquired by Tasti D-Lite LLC in November 2011, which was later purchased by Kahala Brand that also operates Cold Stone Creamery.

The chain is renowned for offering a diverse range of delicious and nutritious smoothies. From classic fruit-based smoothies to protein-packed blends, there is something for everyone.

Planet Smoothie was established with a clear vision in mind: to offer customers a refreshing and health-conscious choice that deviates from the typical fast food offerings. What sets Planet Smoothie apart is its dedication to delivering exceptional taste through unique flavor combinations, the utilization of only the finest ingredients, and the continual development of innovative recipes.

With its sheer emphasis on excellent customer service, a proven business model, and comprehensive training and ongoing support, Planet Smoothie provides new franchise owners with the necessary tools and guidance to embark on their entrepreneurial journey with confidence.

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The Journey of Planet Smoothie

Its humble beginning started in 1995, when Martin Sprock, the founder, recognized the immense potential in the smoothie industry and setup its first outlet in Atlanta, Georgia.

Ever since its inception, the chain has shown immense growth potential and widespread popularity thank to its unwavering commitment to providing customers with a refreshing and healthy alternative to traditional beverage options.

This commitment has resonated with consumers and has been a key factor in the brand’s expansion to over 100+ locations.

Key Facts on Planet Smoothie

Sr No.TypePrivate
1Trade NamePlanet Smoothie
2IndustrySmoothie & Food options
4Founders Or Parent CompanyMartin Sprock
5Corporate HeadquartersScottsdale, Arizona, US
6Number of locationsOver 100+
7Area servedWorldwide
9Menu offeringVarieties of Smoothie
10Revenue $18,780,000 (As per Kona Equity)

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How much does Planet Smoothie Franchise Cost?

Planet Smoothie Franchise cost

The franchise fee or Total Initial setup cost for Planet Smoothie chain will depend on the proposed geographical locations. Nonetheless, To start a Planet Smoothie franchise, one would at least require an initial investment of $195,650 – $446,500 and a dedicated floor area of minimum of 900 to 1300 square feet.

It is important to note that the investment mentioned earlier is specific to the traditional model.

However, for those seeking a more cost-effective option, the franchise also offers alternative models known as kiosks, convenience stores, or express models. These models require a smaller investment range of $81,150 to $301,500 and typically occupy a minimal space of 200 square feet.

How much is the Planet Smoothie Franchise Fee?

The franchise fee for Planet Smoothie for a traditional model is $12,000 – $25,000 and Non traditional model is $16,000 to $20,000. Furthermore, though the franchise hasn’t mentioned any detail on its required net worth and liquidity, one may need to have a minimum net worth of $500,000 with a available liquidity of $250,000.

Additional Cost for Planet Smoothie

Typically, Planet Smoothie offer single and multi-unit franchise opportunities and to efficiently maintain it, one must adhere to their standards and are liable to pay a few additional costs such as Royalty fee, advertisement fee, maintenance fee, and a few other investments.

The on-going royalty fee for Planet Smoothie Franchise is 5% and ad royalty fee is 2% of the monthly gross sales.

Cost of Traditional store

Type of FeeCost & Other Details
Initial Franchise Fee$12,000 – $25,000
Lease Review Fee$0-$2,500
Rent/Security Deposit for three months) (Note 2)$6,000 to $20,000
Travel and Living Expenses (3 persons) while training,
not including salaries, if any, for you and your employees
$3,750 to $7,500
Real Estate(Note2)
Architectural Fees
(Note 3)
$7,000 to $20,000
Leasehold Improvements$75,000 to $200,000 (Note 4)
Restaurant Equipment, Furniture, Small Wares,
Interior Signage and Menu Panels (Note 5)
$53,000 to $85,000
Exterior Signage$7,000 to $15,000
Computer Hardware, Software (POS System)$3,000 – $5,000
PCI Compliance Costs$150 to $1,300
Opening Inventory (food and paper) (Note 6)$5,000 to $15,000
Business Insurance (Note 7)$1,000 to 5,000
Miscellaneous Opening Costs (Note 8)$4,750 to $17,200
Grand Opening$10,000
Depository Account$3,000
Additional Funds – 3 month initial period$5,000 to $15,000 (Note 11)
Total Initial Investment$195,650 – $446,500

Cost of Non-Traditional store

Type of FeeCost & Other Details
Initial Franchise Fee (Note 1)$16,000 to $20,000
Lease Review Fee$0 to 2,500
Rent/Security Deposit (for three months) (Note 2)$6,000 to $20,000
Travel and Living Expenses (3 persons) while training,
not including salaries, if any, for you and your employees
$3,750 to $7,500
Real Estate(Note 2)
Architectural Fees (Note 3)$5,000 to $15,000
Leasehold Improvements$5,000 to $125,000
(Note 4)
Restaurant Equipment, Furniture, Small Wares,
Interior Signage and Menu Panels (Note 5)
$12,000 to $40,000
Exterior Signage$9,000 to $15,000
Computer Hardware, Software (POS System)$3,000 to $5,000
PCI Compliance Costs$150 to $1,300
Opening Inventory (food and paper) (Note 6)$2,500 to $5,000
Business Insurance (Note 7)$1,000 to $5,000
Miscellaneous Opening Costs (Note 8)$4,750 to $17,200
Grand Opening$5,000
Depository Account (Note 10)$3,000
Additional Funds – 3 month initial period$5,000 to $15,000
Total Initial Investment$81,150 – $301,500

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How much is Planet Smoothie Franchise Profit Margin?

Is Planet Smoothie Franchise Profitable

The profitability of a Planet Smoothie outlet may vary depending on the various factors, including the outlet’s geographical location, business skills and drive of the franchisee, the local economy, and the quality and makeup of a particular location.

Moreover, There are several other factors that makes this franchise as a highly lucrative opportunity;

  1. Planet Smoothie set up requires low costs compared to other dining concepts.
  2. Requires low equipment costs, as they only need blenders and no cooking involved.
  3. Products costs are lower.
  4. It requires a small footprint, resulting in lower rents.

Nevertheless, considering the enormous growth prospects in the smoothie industry, low startup cost, backing from leading brand & its bulk purchasing power, countrywide presence, comprehensive training and support program may help new franchisee to anticipate a healthy net profit margin of 10-15%.

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Why consider owning a Planet Smoothie Franchise?

Owning a Planet Smoothie Franchise
  1. Affordable setup and diverse range in Menu:
    • The Planet Smoothie chain offer a flexible business model, and one can take up this franchise based on their investment range.
      • Also, the chain caters to a diverse range in menu that helps the franchisee to serve a healthy food options to its customers.
  2. Worldwide presence:
    • The chain has expanded its presence in more than 100 locations and actively seeking new franchise applications for its undiscovered area.
      • Planet Smoothie is also open for selective applicants, who can take up this franchise as a master franchises and expand their retail portfolio to another level.
  3. Comprehensive training & support:
    • As a franchisee, you may leverage comprehensive training and support programs, including assistance in site selection, Interior decor, and other necessary stuff.
  4. Strong profit Margins:
    • While several food franchises operates on a thin margin, a planet smoothie may provide a stable and comparatively better margin than others.
      • As it doesn’t require larger floor area and less investment on cooking equipment, low man power and more.

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What are the Planet Smoothie Franchise requirements?

  1. First and most important – One should be financially well-qualified and have good credit to become an approved Planet Smoothie outlet owner, and should be ready to invest a minimum of $195,650 – $446,500.
  2. Interested applicants will be advised to dedicate themselves to the Planet Smoothie business and follow the company standards and maintain their legacy.
  3. Interested applicants will have to undergo and complete the necessary training program offered by the Planet Smoothie team.
  4. Prospective applicants must possess a strong work ethic and unwavering dedication, as they will be actively involved during the initial stages of their new venture with Planet Smoothie team.
  5. Interested franchisees should have passion to work in the Food and Beverages industry and should possess the leadership and financial skills to operate a Planet Smoothie outlet.

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Does Planet Smoothie offer multi-unit franchise opportunity?

Certainly! Planet Smoothie provides both single-unit and multi-unit franchise opportunities. Prospective franchisees are recommended to start with a single unit initially and then, after gaining a solid understanding of the business and ensuring profitability in the chosen location, they can expand to multiple units.

How does Planet Smoothie offer support to its franchisee?

  1. Extensive training program
  2. Marketing support including social media and other awareness avenues
  3. Financial management and payroll support
  4. Site selection and layout planning
  5. On-going support

Click on the highlighted link to learn further.

How to Get Planet Smoothie Franchise?

Starting a Planet Smoothie outlet will require a relatively affordable investment that may offer a healthy gross margin. Additionally, the Planet Smoothie chain may provide several benefits, and interested candidates can take up its outlets in their city through their expertise and endless support systems.

One can avail this franchise using below mentioned steps;

  1. Visit the Planet Smoothie’ official website;
    • Please fill in the details like Name, Email ID, Phone number, City, State, Zip code, and other necessary details.

Official Details

Email Addressfranchising@kahalamgmt.com
Phone Number866-675-8376
Fill in the detailsFranchise Form

Final Takeaway – Conclusion

Undoubtedly, Planet Smoothie is a popular American Smoothie chain that garners an enormous customer base thanks to its diverse range of lip-smacking and healthy beverages options.

Currently, the chain operates over 100 locations and has certainly planned to expand further in the upcoming year.

To become an authorized Planet Smoothie outlet owner, one should buckle up to make an investment of at least $195,650 – $446,500 with a floor area of minimum of 900 to 1300 sq ft.

Considering its brand’ experience, robust supply chain, worldwide presence, and affordable startup cost may help new franchise owner to anticipate a net profit margin of 10-15%.

The Bottom line – In case you are interested in the Food and beverage industry and want to take advantage of the opportunity, then you can start a Planet Smoothie outlet. With its immense legacy, expertise, and robust supply chain, one may experience stable and steady growth in their entrepreneurial journey.

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  1. How much does it cost to start a Planet Smoothie Franchise?

    Ans: The average cost required to become a Planet Smoothie restaurant owner may range $195,650 – $446,500 with a floor area of minimum of 900 to 1300 sq ft.

  2. How much does Planet Smoothie Franchise Owner Make?

    Ans: Though the franchise doesn’t disclose the official number of its franchise partner.
    However, based on the previous data, it is anticipated that Planet Smoothie owner may generate a profit margin of 10-15%, and one need to wait for at least 8-10 years to recoup their initial investment.

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