Nékter Juice Bar announced that in Q2 the company signed agreements to develop 41 new restaurants. The agreements cover a broad region of existing territories for Nékter Juice Bar and also include the new markets of Salt Lake City, Houston, and Sacramento, which offer significant growth opportunities. With 58 restaurants now open in California, Arizona, Nevada, Texas, and Colorado, this represents a 71 percent increase in store count.
In February 2016, Nékter announced plans for national expansion with a goal of growing to 300 franchise and corporate locations within five years, and the success in Q2 puts the company on par to exceed this goal by 2020. Nékter’s expansion plans followed five years of fine tuning the company’s business model, which has resulted in an impressive average unit volume (AUV) of $840,740, per the company’s 2016 Franchise Disclosure Document (FDD). Looking ahead, key growth markets include Northern and Central California, Los Angeles, Texas, and Nevada.
“The momentum we continue to experience at Nékter Juice Bar stems from our steadfast commitment to offering a menu based on integrity of ingredients – we use only fresh, pure and nutrient-rich ingredients, and provide an engaging and inspiring experience for our guests,” said Steve Schulze, CEO, Nékter Juice Bar. “In doing so, we continue to enjoy high average unit volumes in the juice bar world and the franchise community is responding. We continue to seek out entrepreneurs and leaders, who are looking to own a business in the thriving health and wellness sector of the restaurant industry, and want to make a real difference in their communities.”
In addition to its record growth, Nékter experienced several other successes and achievements in Q2, including:
“As evidenced by our accomplishments in these past three months alone, Nékter is on an upward trajectory by continuing to delight our guests through product innovation and by providing our franchise partners with an award-winning, proven concept that delivers on sales and ongoing support,” Schulze says. “Americans are increasingly embracing healthy lifestyles and at Nékter, we’re providing them with a pathway to affordable and great-tasting wellness.”
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