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Updated RecentlySmoothie Factory vs Red Mango Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Smoothie Factory vs Red Mango including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $141,500 - $424,500 | $194,200 - $500,900 |
| Franchise Fee | $30,000 | $27,000 - $42,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | - | 3% |
| Year Founded | 1996 | 2006 |
| Year Franchised | 1997 | 2007 |
| Term Of Agreement | - | 10 years |
| Term Of Agreement | - | 10 years |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | * A 620 or higher credit score * Investment capital equal to 30% of the purchase price * $10-$15K of working capital | Ideal Traits for a Red Mango Frozen Yogurt Franchisee Strong leadership skills and a genuine love of people Energetic and driven to succeed Ability to work well within a system A passion for improving your local community Someone who recognizes the value of a healthy lifestyle and has a strong desire to share healthy choices with others A strong focus on customer happiness and satisfaction Previous restaurant experience is helpful, but not required Experience building a great team |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/Yes |
| Inventory | -/- | -/Yes |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | We offer extensive training for both franchisees and crew members. By opening day, you and your team will be confident and ready to make your customers happy! On-The-Job Training: 7 days Classroom Training: 12 days Additional Training: At certified training store |
| Support | - | Full support of a highly experienced team that assists locations all over the United States (and even some parts of Central and South America). When it comes to the frozen yogurt business, we’ve seen it all and as a franchisee, you’ll be able to leverage our experience and knowledge to help build your business into something you and your community can be proud of. Newsletter Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | - | Ad Templates |
| Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 10 |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Smoothie Factory
Smoothie Factory - A Fresh Concept in Franchising!
Smoothie Factory is a leader in today's growing $2 billion juice and smoothie bar industry. Founded by an Olympic athlete, Smoothie Factory meets the ever increasing demand for healthier options to traditional fast food. We believe in the simple concept of providing guests with reasonably priced smoothies, non-fat frozen yogurt and other healthy snacks served quickly in attractive, clean, pleasant surroundings every day. In addition to our great food product, our stores retail value priced dietary supplements enabling the franchisee to have multiple revenue sources under one roof. Smoothie Factory has established over 70 locations nationwide, along with international licenses in China and Vietnam, with a brand that has become recognized for excellence in service, product and value.
Smoothie Factory Franchise Opportunity.
Smoothie Factory's most impressive benefit, perhaps, is its desire to continually enhance its franchising system, interior design and image. The result has been a solid, unbroken track record of success, and a company poised for rapid expansion - an unparalleled blend of vision, product offerings and a franchise opportunity that's just right for forward-thinking entrepreneurs.
In addition, an unwavering commitment to value on nutritional products continues to be an ingredient in our recipe for success. In fact, we sell nutritional products too, for less, every day, at 30%-50% off MSRP, making our franchise community a leader in nutritional product sales.
The total investment necessary to begin operation of a Smoothie Factory' Store ranges from $257,000 to $365,700. This includes the
$42,000 that must be paid to the franchisor or an affiliate.
The total
investment necessary to begin operation of a Smoothie Factory'
Non-Traditional Store ranges from $141,500 to $305,000. This includes
the $27,000 that must be paid to the franchisor or an affiliate.
The
total investment necessary to begin operation of a Smoothie Factory-RED
MANGO Co-Branded Traditional Store ranges from $309,000 to $424,500.
This includes the $47,000 that must be paid to the franchisor or an
affiliate.
The total investment necessary to begin operation of a Smoothie Factory' Non-Traditional Store Co-Branded with a Third-Party
Concept ranges from $75,500 to $189,500. This includes the $20,000 to
$27,000 that must be paid to the franchisor or an affiliate.
About Red Mango
MAKE A REAL IMPACT
Red Mango is virtually the only franchise brand that is committed to providing genuinely nutritious and delicious products. We serve our authentic frozen yogurt in an inviting retail environment that attracts customers and employees
JOIN A REAL GROWTH OPPORTUNTY
Red Mango's simple operation, small footprint, relatively low investment cost and rapidly growing product category create a powerful business opportunity. With the support of some of the franchise community's most respected investors and executives, Red Mango has established itself as one of America's fastest growing new brands.
Seeking new franchise units in Alaska, Alabama, Arkansas, Arizona, California, Colorado,
Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois,
Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine,
Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North
Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio,
Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina,
Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West
Virginia, Wyoming, Central America, Mexico, South America
There are existing master franchises in Mexico, El Salvador, and Uruguay
but territory is available in Canada, the Carribean, and throughout
South America for experienced, qualified operators. For territories in
Asia, Europe, and Africa we will refer you to Red Mango International
which is operated out of South Korea.
The total investment necessary to begin operation of a Traditional Store
ranges from $321,700 to $500,900. This includes the $42,000 that must
be paid to the franchisor or an affiliate. The total investment
necessary to begin operation of a Non-Traditional Store ranges from
$194,200 to $386,100. This includes the $27,000 that must be paid to the
franchisor or an affiliate. The total investment necessary to begin
operation of a RED MANGO�"HUMBLE DONUT CO. Co-Branded Traditional Store
ranges from $443,700 to $570,400. This includes the $42,000 that must be
paid to the franchisor or an affiliate. The total investment necessary
to begin operation of a RED MANGO Store Co-Branded with a Third Party
Concept ranges from $117,700 to $259,100. This includes the $20,000 to
$27,000 that must be paid to the franchisor or an affiliate. If you are
acquiring development rights under the standard store development
program, the franchisor requires a commitment to develop at least two
Stores. At the time you sign the Store Development Agreement, you will
pay the franchisor a development fee equal to the initial franchise fees
due for the Stores you commit to develop. For example, if you commit to
develop two RED MANGO Stores (assuming that neither the military
veteran’s program nor the qualified existing franchisee discount
applies), the minimum development fee will be $30,000 + $20,000 =
$50,000. If both of your stores are RED MANGO Non-Traditional Stores
(assuming that the military veteran’s program discount does not apply),
then the minimum development fee will be $15,000 + $15,000 = $30,000.