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What Are My Startup Costs?

What a Planet Smoothie franchise costs

The Planet Smoothie franchise has a flexible business model that can be successful in traditional shopping center locations, street-level retail and in nontraditional locations like kiosks.

The charts below outline the investment range for each of these three concepts. The cost to get started can vary widely depending on location, the particular market (Manhattan vs. Des Moines real estate costs, for instance) and other factors. The best way to get a better idea of your likely startup costs is to start a conversation by filling out the form at right.

Until then, here are our estimated startup costs based on our experience opening stores nationwide:

Traditional Planet Smoothie model

This investment range is based on a 1,000-square-foot retail location serving only Planet Smoothie products.

Type of ExpenditureAmountMethod of PaymentWhen DueTo Whom Payment is Made
TOTALS (Note 12)$120,150 - $329,250Does not include real estate costs and/or rent for the business location except for the initial security deposit
Initial Franchise Fee$12,000 - $25,000Lump sumUpon signing
Franchise
Agreement
Us
Lease Review Fee$0-$1,2500 Lump sumUpon signing of
Franchise
Agreement
Us
Rent/Security Deposit for three months) (Note 2)$6,000 to $30,000As IncurredPrior to OpeningLandlord(s)
Travel and Living Expenses (3 persons) while training, not including salaries, if any, for you and your employees$3,750 to $7,500As IncurredDuring TrainingAirlines, Hotels, Restaurants, etc.
Real Estate(Note2)(Note2)(Note2)(Note2)
Architectural Fees
(Note 3)
$5,000 to $10,000As IncurredPrior to OpeningLicensed and Approved Architect
Leasehold Improvements$50,00 to $152,000 (Note 4)As incurredPrior to OpeningApproved Vendors and Suppliers
Restaurant Equipment, Furniture, Small Wares, Interior Signage and Menu Panels (Note 5) $12,000 to $30,000Lump sumPrior to OpeningApproved Contractors and Vendors (Notes 3 and 4)
Exterior Signage
$9,000 to
$12,000
As incurredPrior to OpeningApproved Sign Company
Computer Hardware, Software (POS System)$1,000 - $5,000Lump sumPrior to OpeningApproved Suppliers
PCI Compliance Costs$150 to $1,300 As billed by third party vendorAs billed by third party vendorApproved Vendor

Opening Inventory (food and paper) (Note 6)$2,500 to $5,000As IncurredPrior to OpeningApproved Suppliers
Business Insurance (Note 7)$1,000 to 5,000Lump SumPrior to OpeningInsurance Company/Agent
Miscellaneous Opening Costs (Note 8)$4,750 to $17,200As IncurredAs incurredApproved Suppliers, Utilities, etc.
Grand Opening$5,000 to $10,000Lump SumPrior to OpeningSuppliers (Note 9)
Depository Account$3,000 Lump Sum; Must be replenished on a regular basisAt signing of Franchise AgreementYour Bank (We have the right to withdraw from this account)
Additional Funds - 3 month initial period $5,000 to $15,000 (Note 11)As IncurredAs IncurredUs, Employees, Various Third Parties

Nontraditional Planet Smoothie model

Planet Smoothie’s simplicity lends itself to nontraditional locations, such as kiosks. Several franchisees who already own other brands have used this business model to add Planet Smoothie to their locations with impressive results. This investment range is based on a 350-square-foot location.

Type of
Expenditure
AmountMethod of PaymentWhen DueTo Whom Payment is Made
TOTALS (Note 12)$76,150 - $268,250Does not include real estate costs and/or rent for the business location except for the initial security deposit
Initial Franchise Fee$16,000 to $20,000
(Note 1)
Lump sumUpon signing
Franchise
Agreement
Us
Lease Review Fee
$0 to 1,250 Lump sumUpon signing of
Franchise
Agreement
Us
Rent/Security Deposit (for three months) (Note 2)$6,000 to $30,000As IncurredPrior to OpeningLandlord(s)
Travel and Living Expenses (3 persons) while training, not including salaries, if any, for you and your employees$3,750 to $7,500As IncurredDuring Training
Airlines, Hotels, Restaurants, etc.
Real Estate(Note 2)(Note 2)(Note 2)
(Note 2)
Architectural Fees (Note 3)$5000 to $10,000As Incurred

Prior to OpeningLicensed and Approved Architect and Project Management Firm
Leasehold Improvements
$5,000 to $100,000
(Note 4)
As IncurredPrior to OpeningApproved Contractors and Vendors (Notes 3 and 4)
Restaurant Equipment, Furniture, Small Wares, Interior Signage and Menu Panels (Note 5)
$12,000 to $30,000Lump sumPrior to OpeningApproved Vendors and Suppliers
Exterior Signage$9,000 to $12,000
As IncurredPrior to OpeningApproved Sign Company
Computer Hardware, Software (POS System)$1,000 - $5,000Lump Sum
Prior to OpeningApproved Suppliers
PCI Compliance Costs$150 to $1,300As billed by third party
vendor
As billed by third party
vendor
Approved Vendor
Opening Inventory (food and paper) (Note 6)$2,500 to $5,000As IncurredPrior to OpeningApproved Suppliers
Business Insurance (Note 7)$1,000 to $5,000Lump SumPrior to OpeningInsurance Company/Agent
Miscellaneous Opening Costs (Note 8)$4,750 to $17,200As Incurred
As incurredApproved Suppliers, Utilities, etc.
Grand Opening$2,000 to $6,000Lump Sum
Prior to OpeningSuppliers (Note 9)
Depository Account (Note 10)$3,000Lump sum; Must be replenished on a regular basisAt signing of Franchise AgreementYour bank (we have the right to withdraw from this account)
Additional Funds - 3 month initial period$5,000 to $15,000As IncurredAs incurredUs, Employees, Various Third Parties

Estimates and explanation of notes are provided in greater detail in our Franchise Disclosure Document, which is provided to franchise candidates who are in touch with us and evaluating the franchise. To start the process, fill out the Request for Consideration form which you will receive after you download our free franchise report. We look forward to answering your questions!

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