#BuyATropicalSmoothie #TropicalSmoothie #TopFranchises
Would you like to buy a Tropical Smoothie? Do you know the cost is to buy a Tropical Smoothie?
Owning a tropical smoothie franchise
During this current pandemic a lot of businesses had to shut down. Tropical Smoothie is one of the rare companies that have continued to grow.
In this video I fully break down why they’re one of the beat franchises to ever invest your money into.
Timecodes
0:00 - Intro
2:50 - Tropical Smoothie Application Process
6:16 - Tropical Smoothie Breakdown
11:10 - Tropical Smoothie Franchise Price
15:55 - Pros and Cons of Tropical Smoothie
19:54 - Lando's Franchise Score
Music By: Nomadiq song “All of the Pain”
Intro song : Black Rose
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Tropical Smoothie Cafe, sometimes referred to as Tropical Smoothie, or Tropical, is a restaurant franchise in the United States. In addition to smoothies, the cafes offer sandwiches, wraps, salads, flat breads, and introduced bowls to their food line in 2017. Tropical Smoothie Cafe operates more than 850 locations nationwide with 2,000 projected openings across the United States by 2024.
Tropical Smoothie began as a smoothie shop in 1993 along the panhandle of Florida. Tropical Smoothie Franchise Development Corporation was founded in 1997 in Destin, Florida, and the first franchised store opened in 1998 in Tallahassee, Florida. Tropical Smoothie Cafe is headquartered in Atlanta, Georgia.
In 1999, they created a niche in the smoothie category by introducing a line of food items including sandwiches and wraps. As more locations opened, the individual Cafes redesigned their store decor to offer a beach house theme with bright white walls, an open kitchen concept, vibrant colors, and tropical artwork.
In 2006, Tropical Smoothie Cafe opened their 200th store in Virginia Beach, Virginia, and in 2011 they opened their 300th store in Fort Myers, Florida.They opened their 400th location in Toledo, Ohio, 500th location in Westland, Michigan, and in 2017 their 600th location in Joplin, Missouri. They opened their 800th location in Arlington Heights, IL in 2019. Tropical Smoothie Cafe is now opening a new store at a pace of every 3-4 days, an improvement from their pace of every 6-7 days in 2007, their 10th anniversary year.
Founders and original owners Eric and Delora Jenrich and David Walker came from franchise backgrounds and used that knowledge to grow Tropical Smoothie Cafe. As they grew, they recruited others from the food industry.
In 2012, private equity firm Buckhead Investment Partners (BIP) bought a controlling interest in Tropical Smoothie Cafe. Founders Eric Jenrich and David Walker, the former owners of Tropical Smoothie Cafe, remained on the board of directors, and former Chief Operating Officer, Mike Rotondo, was promoted to replace Jenrich as chief executive officer in 2012 until his departure in 2018. BIP partner Scott Pressly, who was a financial and strategic adviser to the chain since 2007 served as the chairman until 2020. The brand was acquired by private equity firm Levine Leichtman Capital Partners (LLCP) in September 2020. Charles Watson currently serves as the chief executive officer.
#TropicalSmoothieCafe
*links above include affiliate commissions of referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the post date but may not be accurate in the future.
As a reminder; the Tropical Smoothie franchised opportunity is not an investment opportunity.
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