Smoothie King For Sale in McComb, MS
Annual Sales – $353,000
In addition to being a fast food alternative, smoothies also fill a health requirement for many consumers. Diet, exercise and lifestyle changes are the answer to a better quality of life as more and more people focus on their well-being and what they eat. As a Smoothie King franchisee, you’ll be part of a rapidly expanding market and something you believe in – a nutritious, healthy lifestyle that includes healthy supplements and products.
This Smoothie King location is a large 1800 square feet with a rent of only $2079 per month. The lease does not expire until 2028 at which point you would have the option to renew. The store is located 1/2 mile from Interstate 59 on a heavily traveled highway in McComb. It is in a shopping center that also houses a major grocery store, drug store and other retail stores. There are eight schools within a few miles of the store, one is directly behind it. Southwest Mississippi Regional Medical Center is 1/2 mile away along with various medical offices. Southwest Mississippi Community College is located approximately 5 miles away.
In 2018, we had to install a new computer system which resulted in extra expense. In addition, payroll and COGs were higher than anticipated due to management issues. This business has an absentee owner and some of the operational issues could easily be fixed with an owner/operator on site to ensure operational efficiency.
We have grown the store considerably since purchasing but there is still a lot of opportunity for growth in a community. Opportunities for growth include catering, delivery, social media marketing, partnerships with local entities, and a partnership with the local community college. Since the building is so large, there are many opportunities inside the store such as birthday parties, seminars, exercise classes (we have sponsored yoga in the past), health fairs, etc.
With banks typically financing 70% of the sale price, you would need about $50K in liquid capital to get a loan. You could also use 401K money to buy this business with no taxes, penalties, or interest. Inquire to learn more about financing options.