Short-term Small Business Association Loan Incentive for Franchise Purchase Ends September 27
Limited time program provides reduced fees and potential for big savings for entrepreneurs ready to own a smoothie franchise
As the country starts to get back to normal, more people are choosing franchise ownership. Starting a new business – especially a proven one like Planet Smoothie, is a wise career choice that not only allows you to take control of your future, but also allows you to do something exciting and own a business with impact.
We wanted to share a really great financing benefit that’s part of the CARES Act that you may not be aware of to help franchisees lean towards making their franchising decision now with some special incentives. This benefit could lower your costs or make ownership easier if you act before the deadline.
As we understand it, new SBA loans funded before September 27, 2020, may have the payments — principal, interest and fees — forgiven for a six month period. One of the lenders, DCV Franchise Group, has stated this is not a deferral of six months, but rather a true forgiveness of payments. Moreover, there will be no SBA guarantee fees included in new loans before Sept. 27 for this program, which may save franchisees several thousands of dollars depending upon the amount of their loan. To qualify for these savings, a franchisee must have their franchise agreement signed, lease signed and be approved by the lender so the time is now to act before it is too late. As always, a franchisee should check with their SBA lender to ensure the benefits are still available before acting.
For entrepreneurs who are passionate about health & wellness and want to share that passion with their community, Planet Smoothie can be a perfect opportunity. For the past 20 years, Planet Smoothie has delivered the best-tasting smoothie on the planet!® By using real fruit and zero junk, our smoothie franchise has grown to nearly 150 locations throughout the country. Additionally, our easy-to-understand business model, exceptional franchise support and growing brand recognition allow entrepreneurs to own a business that makes a difference in their communities every day.
What Makes Planet Smoothie An Affordable Opportunity?
With our flexible footprint, a Planet Smoothie franchise can be customized based off of our site standards to fit its surroundings, which means your business can be in great locations where there are densities of people Many of our franchisees may have a store that anchors a popular outdoor pedestrian mall, or even have a kiosk in an office building, busy mall food court or a convenience store.
From the moment you sign your franchise agreement, you will receive extensive training, ongoing coaching, and operations manuals to help you master the operations of your Planet Smoothie franchise. This includes five days of classroom training at our Scottsdale, Arizona, headquarters, as well as three days of in-store training. Additionally, as part of Kahala Brands™, one of the world’s fastest-growing franchising companies with a portfolio of 27 QSR concepts, Planet Smoothie franchise owners have access to a veteran leadership team, improved supply chains, more purchasing power and a single operating system.
“We start with a welcome call from our team, so the new franchise owner gets to know all of us and we get to learn what they have done before becoming a franchise owner,” says Stacey Wopnford, Vice President of Operations. “We want them to be comfortable with everything, so we set up a timeline and clear next steps. It’s a great process.”
Bring a Planet Smoothie franchise to your community today
Planet Smoothie is a simple, easy-to-operate business that doesn’t require any prior food experience. The smoothie market is strong and growing, and Planet Smoothie stands out with a menu built around real fruit and other healthier ingredients. Planet Smoothie has been around for more than 20 years because we do one thing really well: we make delicious smoothies. Capture a piece of the strong and growing smoothie industry with a Planet Smoothie franchise.