TL;DR
Smoothie King plans to expand in the Greater Boston area by opening up to 53 locations in the next six years. The franchise currently has one location in the area and is looking to expand further in several cities.
Smoothie King plans to expand in the Greater Boston by opening up to 53 locations in the next six years. The franchise currently has one location at 314 Newbury St., but the brand’s leadership would like to expand further in Boston, Brookline, Cambridge, Somerville, Medford, Waltham, Newton and Brighton.
“We are starting to aggressively pursue the Boston market,” Chad Tramuta, franchise development manager, told the Boston Business Journal.
Smoothie King could open between 45 and 53 locations over the course of the next five to six years, according to Tramuta. A traditional franchise location typically requires between 800 square feet to 1,200 square feet, though a store can reach up to 1,600 square feet of space. The company also pursues “nontraditional” locations on college or university campuses, airports and malls.
The company bills itself as “the premier smoothie bar and nutritional lifestyle center in the industry” and offers smoothies and healthy retail products including sports beverages, energy bars, vitamin supplements and other sports nutrition products.
Initial franchise development costs range from $250,000 to $350,000 for a traditional unit. The average gross sales of traditional units are $414,973 per store, according to Smoothie King.
In this story
This story was originally published in 1851 Franchise on August 20, 2015. Burnaze summarizes and links to the original reporting.
Read the full story at 1851 FranchiseLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.
