5 Questions You Need to Ask Before Opening a Juice Franchise
Juice It Up! is a great franchise for new and experienced entrepreneurs alike. These questions will help you decide whether it’s right for you.
Why do I want to open a juice bar franchise?
First and foremost, you have to have passion. Passion about living a healthy lifestyle. Passion about sharing that lifestyle with others. Passion about owning a healthy food franchise. Our franchise owners come from all walks of life and all ranges of experience, but the one thing they share is passion for the business they’re in. You don’t personally have to be some pinnacle of perfect health, but understanding why Juice It Up! is important to our customers really is key to being a successful franchise owner.
How much will it cost?
Of course, we hinted at this question above because it really is so obvious. You can’t start a juice bar without knowing what kind of juice bar starting costs you should expect. According to our latest Franchise Disclosure Document (FDD), your estimated startup costs for a Juice It Up! franchise will fall between $216,400 and $378,300, depending on the type of location you choose. As for the flip side of that question – how much can you make – we can’t make any guarantees, but qualified candidates will have access to a detailed financial picture, including a look at past financial performance reported by our franchisees.
How stable is this business?
The juice and smoothie industry is booming. The current worldwide revenues of about $9 billion are projected to increase approximately 7% by 2020, according to research firm Technavio. People are increasingly conscious about eating more healthfully, but they don’t want to lose the convenience and portability they’ve grown accustomed to. Juices and smoothies are a great alternative to fast food and pre-packaged food, serving as viable meal replacements and also as healthy between-meal snacks. Technavio estimates that a predicted rise in preventive eating habits will continue to fuel the growth of the juice bar industry.
What kind of experience do I need?
Restaurant experience is great – but it’s not required. Entrepreneurship experience is even better – but again, it’s not mandatory. Every new franchisee will receive 36 hours of classroom training and 100 hours of on-the-job training, just to start with. Retail experience is also helpful, as is any position where leadership skills are required, such as a stint in the military or time spent as a manager in a corporate setting. Juice It Up! franchisees come from a wide variety of backgrounds and life experience. If you want to know the most common characteristic they share, see question No. 1.
What kind of support can I expect?
One of the key advantages of joining a franchise system like Juice It Up! is reaping the benefits of others’ experience. Our mutual success depends on a strong, two-way relationship, so at Juice It Up! we make sure to provide you with as much support as you need. We provide Orientation, an Initial Training Program and On-the-Job training, which is unparalleled in the industry. Our Research & Development department devises our delicious recipes and makes sure our products are nutritionally balanced; our Marketing team helps you capitalize on our brand recognition and loyal fan base; franchising experts will help you grow and reach your business goals. We are dedicated to being accessible to our franchise owners throughout your partnership with us.
Learn more about Juice It Up!
If you’ve been looking for a healthy juice, smoothie, or bowl franchise to invest in, and would like to learn more about Juice It Up!, please fill out our contact form.