Bananas Smoothies & Frozen Yogurt vs Nekter Juice Bars Inc. Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Bananas Smoothies & Frozen Yogurt vs Nekter Juice Bars Inc. including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Bananas Smoothies & Frozen Yogurt Franchise
Nekter Juice Bars Inc. Franchise
Investment $224,500 - $457,000$224,500 - $584,100
Franchise Fee $22,000 - $37,200$45,000
Royalty Fee 5%6%
Advertising Fee 1%2%
Year Founded 19752010
Year Franchised 20032012
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Bananas Smoothies & Frozen Yogurt Franchise
Nekter Juice Bars Inc. Franchise
Experience --

Financing Options
 
Bananas Smoothies & Frozen Yogurt Franchise
Nekter Juice Bars Inc. Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support
 
Bananas Smoothies & Frozen Yogurt Franchise
Nekter Juice Bars Inc. Franchise
Training - On-The-Job Training: 80 hours Classroom Training: 18 hours
Support Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform
Marketing -Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
Operations Absentee Ownership Allowed Number of Employees Required to Run: 19 -

Expansion Plans
 
Bananas Smoothies & Frozen Yogurt Franchise
Nekter Juice Bars Inc. Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Bananas Smoothies & Frozen Yogurt

Bananas Smoothies & Frozen Yogurt is a quick serve restaurant style frozen treat franchise concept with a menu featuring the chain's proprietary Everything Yogurt brand frozen yogurt, Bananas Smoothies & Frozen Yogurt brand smoothies and frosties, and Gretel Pretzel brand hand-rolled pretzels. Other offerings include premium flavored coffees, espresso, cappuccino, muffins, ice cream, nuts, candies, bagels, cookies, cakes and flavored popcorn, as well as specialty items such as Bananas apparel and gifts.

About Nekter Juice Bars Inc.

In 2010, Nekter Juice Bars Inc. set out to transform the juice and smoothie space similarly to how the coffee experience was reinvented in the early 1990’s. Nekter Juice Bars Inc. believes that “healthy” can be affordable, taste good, and feel good too, and it is our mission to provide a healthy foundation for people to feel and live better.

With an Average Unit Volume of $837,263*, outstanding training & support, and huge growth potential, Nekter Juice Bars Inc. is the ideal franchise opportunity for you.

If you are acquiring the right to open three or five locations under our development agreement, instead of paying the franchisor the $45,000 initial franchise fee for one location you will pay to the franchisor either $96,000 for the development of two stores or $145,000 for the development of five stores under the terms of the franchisor’s development agreement. Upon signing, you will pay to the franchisor a Development Fee equal to 100% of the Initial Franchise Fee due for each Store you commit to develop.
Veteran Incentives  20% off franchise fee
"Entrepreneur
#128 in Franchise 500 for 2020.
#100 in Franchise 500 for 2020.