When you want to open a small business, you may decide that starting a smoothie bar or adding one to your existing concessions stand can help generate substantial revenue. Over the past few years, smoothie sales have jumped exponentially. Complete the following steps and you'll be able to open your smoothie bar.
- Skill level:
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Research current smoothie bars in operations. Speak to the owners of the businesses about their profit margin and top-selling items. If you can't find an owner who agrees to consult with you, you may want to conduct a customer research survey instead.
Choose a location for your smoothie bar. You need to pick an area that appeals to health-conscious individuals. You also want an area with plenty of traffic and parking for potential customers.
Estimate the cost of starting a smoothie bar. On average, you'll need about $200,000 to $250,000 of investment capital to start a smoothie bar. The size of your operation and the location will impact this number.
Decide on whether to franchise or not. You can open your own smoothie bar or opt to purchase a franchise. With a franchise, you'll use their logo and recipes for your smoothie bar. An example of a popular smoothie bar franchise is Planet Smoothie.
Work with a consulting company. If you decide against a franchise, you should use a consulting company to help you get your smoothie bar started. A consulting firm can help you determine equipment needs, recipes, staffing and more. Contact the Juice and Smoothie Bar Consulting firm for assistance (see Resources).
Tips and warnings
- Besides smoothies, you can also offer other products, like coffee, salads, and sandwiches, to attract more customers.
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