Smoothie King For Sale in Winston-Salem, NC
Annual Sales – $394,000
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 1400 square feet and includes a drive-thru that can accommodate up to 6 cars. It is located on a very busy street which is accessible from Highway 52 off of exit 115. It is also located 10 minutes from wake forest university. In peak time we have a staff of 12-14 team members which include a General Manager, 2 shift leads and 2 key holders. Our customers are from Hans corporate office, Winston Salem department of education main building and various local businesses. We have recently added a delivery option through Ubereats and Grubhub which have increased our sales and expanded our service area. The university area has a median of 60,000 per spending capital and is the 2nd most populated area in the market.
The rent is $4400 per month and there is seven years left on the initial ten year lease. There are also renewals available once the initial ten year term expires. There is also and option to develop a second location in the Winston market.
The owner has a full time job and has not been able to commit much time to the business. Currently the business is being run by a $10/hr employee and is just breaking even. Since this business is not currently generating a profit, the owner is looking to sell it for the value of the assets, including equipment, POS, furniture, fixtures, etc. For someone who can commit their full time to the business, this Smoothie King could easily be turned into a good money maker. Other Smoothie Kings in the state with similar revenue are seeing returns in the 15-20% range.
With banks typically financing 70% of the sale price, you would need about $35-$40K 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.