Industry News | August 20, 2013
Smoothie King Presents Nearly 100 King’s Klub Awards
Smoothie King Franchises is proud to announce it has awarded nearly 100 stores from across its international network with the eight annual King’s Klub award.
Smoothie King’s most prestigious honor, the King’s Klub, acknowledges franchisees’ top-performing stores with annual sales of more than $500,000.
The smoothie concept saw a 41 percent increase in King’s Klub recipients compared to the previous year. At the inception of the King’s Klub in 2005, the first seven stores were honored for their achievements.
“Smoothie King would like to congratulate all of our King’s Klub members and thank them for their ongoing commitment and dedication to the success of our brand,” says Smoothie King global CEO Wan Kim. “These franchisees have demonstrated outstanding performance that continues to raise the bar for our growing system.”
In addition to the nearly 70 U.S. stores that accomplished more than $500,000 sales in 2012, Smoothie King’s Lafayette, Louisiana, location had the best sales performance in the U.S., with more than $1.3 million in sales last year.
On the international front, four of Smoothie King’s South Korea locations generated annual sales of more than $1 million, including one store with a record-breaking $2 million.
Smoothie King plans to add 1,000 new franchised and corporate locations domestically over the next five years. Even with more than 500 locations in the U.S., the brand still has extensive smoothie franchise opportunities available in the Southeast, Mid-Atlantic, and Northeast regions, as well as in Texas.
Smoothie King also continues to expand internationally through both master franchise and corporate stores in South Korea, Singapore, and the Cayman Islands, and is focusing on identifying partners in several key countries in Asia and the Middle East.
New franchisees can still take advantage of Smoothie King’s incentive program and receive 40 percent off the franchise fee, a savings of $10,000, until the first 40 agreements of 2013 have been signed.
Interested entrepreneurs should possess a passion for the brand and be dedicated to serving the community. While restaurant experience is not required, the ideal candidate should have an entrepreneurial spirit, as well as sales, marketing, restaurant, and/or retail experience.
Food & Beverage