Smoothie King vs Nekter Juice Bars Inc. Franchise Comparison

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

Start-Up Costs and Fees

 
Smoothie King Franchise
Nekter Juice Bars Inc. Franchise
Investment $269,550 - $845,985 $224,500 - $584,100
Franchise Fee $30,000 $45,000
Royalty Fee 6% 6%
Advertising Fee 3% 2%
Year Founded 1987 2010
Year Franchised 1988 2012
Term Of Agreement 10 years -
Term Of Agreement 10 years -
Renewal Fee - -


Business Experience Requirements

 
Smoothie King Franchise
Nekter Juice Bars Inc. Franchise
Experience
  • General business experience
  • Marketing skills
  • -

    Financing Options

     
    Smoothie King Franchise
    Nekter Juice Bars Inc. Franchise
      In-House/3rd Party In-House/3rd Party
    Franchise Fees No/No -/Yes
    Start-up Costs No/Yes -/Yes
    Equipment No/Yes -/Yes
    Inventory No/Yes -/Yes
    Receivables No/No -/Yes
    Payroll No/No -/Yes

    Training & Support

     
    Smoothie King Franchise
    Nekter Juice Bars Inc. Franchise
    Training - On-The-Job Training: 80 hours Classroom Training: 18 hours
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform
    Marketing Co-op advertising, Ad slicks, National media Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    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

     
    Smoothie King Franchise
    Nekter Juice Bars Inc. Franchise
    US Expansion Yes Yes
    Canada Expansion No -
    International Expansion Yes Yes

    Start-Up Costs and Fees Mobile

    Investment
    Smoothie King Franchise
    $269,550 - $845,985
    Nekter Juice Bars Inc. Franchise
    $224,500 - $584,100
    Franchise Fee
    Smoothie King Franchise
    $30,000
    Nekter Juice Bars Inc. Franchise
    $45,000
    Royalty Fee
    Smoothie King Franchise
    6%
    Nekter Juice Bars Inc. Franchise
    6%
    Advertising Fee
    Smoothie King Franchise
    3%
    Nekter Juice Bars Inc. Franchise
    2%
    Year Founded
    Smoothie King Franchise
    1987
    Nekter Juice Bars Inc. Franchise
    2010
    Year Franchised
    Smoothie King Franchise
    1988
    Nekter Juice Bars Inc. Franchise
    2012
    Term Of Agreement
    Smoothie King Franchise
    10 years
    Nekter Juice Bars Inc. Franchise
    -
    Renewal Fee
    Smoothie King Franchise
    -
    Nekter Juice Bars Inc. Franchise
    -


    Business Experience Requirements

    Experience
    Smoothie King Franchise

  • General business experience
  • Marketing skills
  • Nekter Juice Bars Inc. Franchise
    -

    Financing Options

      In-House/3rd Party
    Franchise Fees
    Smoothie King Franchise
    No/No
    Nekter Juice Bars Inc. Franchise
    -/Yes
    Start-up Costs
    Smoothie King Franchise
    No/Yes
    Nekter Juice Bars Inc. Franchise
    -/Yes
    Equipment
    Smoothie King Franchise
    No/Yes
    Nekter Juice Bars Inc. Franchise
    -/Yes
    Inventory
    Smoothie King Franchise
    No/Yes
    Nekter Juice Bars Inc. Franchise
    -/Yes
    Receivables
    Smoothie King Franchise
    No/No
    Nekter Juice Bars Inc. Franchise
    -/Yes
    Payroll
    Smoothie King Franchise
    No/No
    Nekter Juice Bars Inc. Franchise
    -/Yes

    Training & Support

    Training
    Smoothie King Franchise
    -
    Nekter Juice Bars Inc. Franchise
    On-The-Job Training: 80 hours Classroom Training: 18 hours
    Support
    Smoothie King Franchise
    Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Nekter Juice Bars Inc. Franchise
    Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform
    Marketing
    Smoothie King Franchise
    Co-op advertising, Ad slicks, National media
    Nekter Juice Bars Inc. Franchise
    Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app
    Operations
    Smoothie King Franchise
    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)

    Nekter Juice Bars Inc. Franchise
    -

    Expansion Plans

    US Expansion
    Smoothie King Franchise
    Yes
    Nekter Juice Bars Inc. Franchise
    Yes
    Canada Expansion
    Smoothie King Franchise
    No
    Nekter Juice Bars Inc. Franchise
    -
    International Expansion
    Smoothie King Franchise
    Yes
    Nekter Juice Bars Inc. Franchise
    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
    ""  "Entrepreneur

    #14 in Franchise 500 for 2020.
    #19 in Franchise 500 for 2021.







    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.