Smoothie King vs I-CE-NY Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Smoothie King vs I-CE-NY including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$269,550 - $845,985 | $146,400 - $404,300 |
Franchise Fee |
$30,000 | $25,000 |
Royalty Fee |
6% | 4% |
Advertising Fee |
3% | - |
Year Founded |
1987 | 2015 |
Year Franchised |
1988 | 2016 |
Term Of Agreement |
10 years | - |
Term Of Agreement |
10 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
General business experience Marketing skills | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | -/- |
Start-up Costs |
No/Yes | -/- |
Equipment |
No/Yes | -/- |
Inventory |
No/Yes | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
Training |
- | - |
Support |
Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing |
Co-op advertising, Ad slicks, National media | - |
Operations |
60% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6
- 9
Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators) | - |
Expansion Plans |
US Expansion |
Yes | Yes |
Canada Expansion |
No | - |
International Expansion |
Yes | Yes |
Company Overviews
About Smoothie King
When visits to various doctors did little to relieve the allergies Steve Kuhnau was suffering from, the nurse began reading up on nutrition, hoping a change in diet would help his symptoms. Once he began eating fresh foods and cutting fat out of his diet, Kuhnau started feeling better. His next task was to find a way to tackle the midday fatigue caused by hypoglycemia. Using his nursing expertise and the drink mixing experience he gained as a soda jerk in high school, Kuhnau began experimenting with high protein drinks. The resulting product combined fresh fruits, vitamins and other supplements and inspired the creation of Kuhnau's company, Smoothie King.
Each Smoothie King store sells smoothies and a variety of vitamins, minerals, low fat snacks and nutritional supplements.
Offering 40 percent off its initial franchise fee agreements for the first 40 agreements in 2013 IN St. Louis.
The total investment necessary to begin operation of a traditional Smoothie King Business ranges from for an end-cap or in-line location,
$269,550 to $545,035, and for a free-standing drive-thru location,
$577,100 to $845,985. This includes $28,250 to $36,990 that must be paid
to the franchisor.
If you sign an Area Development Agreement, you also
must pay the franchisor a development fee of $12,500 for each Smoothie King franchise you commit to develop after the first franchise. You
must develop a minimum of 5 Smoothie King Businesses under the Area
Development Agreement.
Veteran Incentives 20% off franchise fee
#14 in Franchise 500 for 2020.
#19 in Franchise 500 for 2021.
About I-CE-NY
I-CE NY (I-See-en-why) is the original rolled ice cream from Thailand.
In 2011, rolled ice cream or smashed ice cream was firstly introduced to
the world under the brand "I-TIM-PAD" (or ไอติมผั in Thai). The
company quickly stormed Thailand with 30 franchise vendor locations in
the first six months.
Now, it’s grown to over 250 locations all over Thailand, and Asia
continent including Cambodia, Laos, Indonesia etc. In 2015, we’ve
crossed the Pacific and established our first store in New York City,
called I-CE-NY.
7 ice cream base flavors + 20 mix-in ingredients + more than 32 toppings = endless opportunities to challenge your creativity.
The total investment necessary to begin operation of a single I-CE-NY
shop is $146,400 to $404,300. This amount includes $30,500 to $40,500
that is payable to the franchisor and their affiliates.
The total
investment necessary to begin operation under a three to five unit
Multi-Unit Development Agreement is $53,000 to $80,000. This includes
$50,000 to $75,000 that must be paid to the franchisor. There is no
minimum number of shops that you are required to develop under
the Multi-Unit Development Agreement.