This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Smoothie King Announces 2013 Development Plans













NEW ORLEANS, March 25, 2013 /PRNewswire/ -- Smoothie King Franchises, Inc., the premier smoothie and nutritional lifestyle center, announced today it plans to open 70 franchise and 30 corporate locations across the U.S. in 2013. Since December 2012, the smoothie franchise has acquired six additional locations in Florida and Texas, bringing its total number of corporate stores to seven. Furthermore, Smoothie King has opened six new franchise locations since the start of the year.

(Logo: http://photos.prnewswire.com/prnh/20121030/NY02641LOGO )

"Smoothie King is experiencing energized growth and we're now seeking new multi-unit owners to help expand our footprint," said Smoothie King Global CEO Wan Kim. "As a multi-unit franchisee in South Korea, I know firsthand that our concept is a solid investment opportunity. Our positive same-store sales increases over the past three years are a true testament to the strength of our brand. We look forward to bringing our healthy products to more communities as we expand across the globe."

Smoothie King is on track to sign 100 new U.S. franchise agreements this year. Additionally, the company has plans to open 50 new international stores, including 40 in South Korea and 10 in Singapore. Even with more than 500 locations in the U.S., the brand still has extensive single and multi-unit smoothie franchise opportunities available in the Southeast, Mid-Atlantic and Northeast regions, as well as Texas.

To fuel growth, Smoothie King is offering a franchise development incentive program in celebration of its 40 th anniversary. Since launching the program in January, 20 percent of Smoothie King's U.S. system has responded with requests to open new units, showing their confidence in the brand and its future. New franchisees will receive 40 percent off the franchise fee, a savings of $10,000 for the first 40 agreements signed in 2013. To date, seven new franchisees have already taken advantage of the incentive program.

Smoothie King will be at the 2013 Multi-Unit Franchise Conference, March 27 – 29 in Las Vegas, showcasing the brand's latest growth initiatives at booth #625. To learn more about the benefits of owning a Smoothie King, visit www.smoothiekingfranchise.com or contact Natalie Johnson at (985) 635- 6973, ext. 115.

About Smoothie King Franchises Inc. // SK USA, INC.

Smoothie King Franchises, Inc. is a privately held; New Orleans-area-based franchise company and the premier Smoothie Bar and Nutritional Lifestyle Center in the industry. Smoothie King® offers guests the original nutritional fresh-blended smoothie and healthy retail products, including sports beverages, energy bars, healthy snacks, vitamin supplements, herbs, minerals and other sports nutrition products. Smoothie King® opened its first store in 1973 and started as the first franchised smoothie bar/health food store in the United States in 1989. Smoothie King® currently has more than 600 units operating in 32 states, the Caymans, Singapore and the Republic of Korea. In 2013, Smoothie King® was ranked no. 1 by Entrepreneur magazine in the juice bar category for the 19th year and no. 104 overall on the 2013 Franchise 500 list. Visit www.smoothieking.com; engage on Facebook www.facebook.com/SmoothieKing; follow us on Twitter at http://twitter.com/smoothieking.

Media Contact: Ashley RodriguezFish Consulting571-312-6174 arodriguez@fish-consulting.com

 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,687.21 -88.91 -0.50%
S&P 500 2,059.11 -8.78 -0.42%
NASDAQ 4,870.1080 -30.7770 -0.63%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs