Wednesday, February 18, 2015

Franchising a Booster Juice

A Booster Juice franchise could be an extremely lucrative business to own.  Although, you would have to have some business sense. The key to a successful business comes from thriving to increase sales and profit while maintaining a low cost of business (labour and material). With the right business savvy individual and a good store location, opening a Booster Juice wouldn't be the worst idea in the world.

There are many benefits of opening a Booster Juice, especially in comparison to competitive juice bars. Entrepreneur Magazine ranked Booster Juice number 2 in the juice bar category. It is an increasingly popular smoothie chain that is expanding globally from Canada to the U.S, and it is now in India and Mexico. The company's next move is to dominate the U.K. Booster Juice is a widely recognized juice bar brand, might as well invest in what people know and want when it comes to their smoothie needs. Another major benefit to opening a Booster Juice franchise, according to this Booster Juice Franchise Reviewis that Booster Juice headquarters help Regional Directors produce franchise sales leads to help them meet their quotas.  Which means you are not totally alone in acquiring sales within your business. Booster Juice also offers the turnkey approach, which means the store is ready to open as soon as you get the key, they provide everything you need to start. Which is awesome because it gives the new franchise owner a chance to hire employees and handle training. 


The question now is, what exactly do you need to open a Booster juice. There's six major steps:
  1. Have a net worth of $350k and $100k in liquid assets
  2. Have $20k franchise fee
  3. Turnkey cost $214,500 - $244,500
  4. Total estimated initial investment $234,500 - $264,500
  5. Expect to pay 6% of gross sales towards royalty fees
  6. Dedicate 10 years term of franchise agreement
So, if you've got hundreds of thousands of dollars in the bank and you're looking for an investment opportunity, why not explore the possibilities through Booster Juice. If you had the money what franchise would you purchase? Leave your comments below.  




1 comment:

  1. Interesting information! I have always wanted to see potential franchises to open and especially like a brand as Booster Juice is seems possible compared to opening up chains such as McDonald's, Tim Hortons, etc.

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