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Smoothie King

Smoothie King

The total investment to open a Smoothie King franchise ranges from $311,601 to $1.4M. The initial franchise fee is $30,000. Ongoing royalties are 6% plus a 2% advertising fee.

What is the Smoothie King franchise?

Smoothie King is the original smoothie franchise in the United States. Steve and Cindy Kuhnau founded the company in 1973 in Kenner, Louisiana, after Steve’s food allergies and milk allergy led him to develop smoothies with fresh fruits, nutrients, and proteins as an alternative approach to managing his health. Its headquarters are in Coppell, Texas, and CEO Wan Kim acquired the brand in 2012 for $58 million. In July 2025, Main Post Partners acquired a minority stake. Smoothie King ranked number 17 in the Entrepreneur Franchise 500 for 2026 and has expanded from a regional operator into a national brand.

The global functional food and beverage market is projected to exceed $275 billion by 2028, while the United States smoothie and juice bar market is growing about 6 to 8 percent annually. Smoothie King addresses this demand through its Clean Blends program, which removes artificial flavors, artificial colors, artificial preservatives, and GMO fruits from the menu. Its No No List excludes additional ingredients, and most blends have zero grams of added sugar. Menu categories include fitness performance, weight management, wellness support, and enjoyment, allowing customers to choose based on health goals rather than flavor alone. This positioning supports higher average ticket sizes and customer loyalty.

The initial franchise fee is $25,000 to $30,000 for traditional locations and $15,000 for non traditional locations. Qualified veterans receive a 20 percent franchise fee discount, bringing their entry point to $20,000 to $24,000. Inline and endcap locations require an initial investment of $346,350 to $679,465, while freestanding locations with drive thru capability require $661,150 to $1,277,650. The royalty is 6 percent of gross sales, with a $500 monthly minimum. Minimum liquid capital is $100,000 to $150,000, minimum net worth is $300,000 to $350,000, and the minimum credit score is 700. The agreement lasts 10 years with one additional 10 year renewal term. Smoothie King does not provide direct financing, but it has relationships with third party lenders. PeerSense includes historical SBA lending data on Smoothie King franchise applications.

Locations typically occupy 800 to 1,600 square feet and require 10 to 15 employees. Smoothies are made to order with pre portioned ingredients and proprietary recipes, which helps reduce waste, limit culinary skill requirements, and support quick service. Formats include inline, endcap, drive thru, freestanding, and non traditional sites in airports, military bases, and universities. Training lasts about five weeks in three phases: three weeks at a regional Certified Training Store, one week at the corporate headquarters in Coppell, Texas, and five days at the franchise location, including three days before opening and two days after opening. The program includes 44 to 110 hours of on the job experience and 56 to 114 hours of classroom instruction. Training is free for up to two attendees and costs $1,500 per additional trainee. Smoothie King provides a representative at no cost for opening assistance. Its technology includes the Crunchtime platform for inventory management, labor scheduling, and data analytics, along with mobile ordering, curbside pickup, and integration with major third party delivery platforms.

Its compact footprint, limited equipment, and lean staffing support the cost structure behind the $627,000 systemwide average.

Smoothie King opened 74 stores in 2025 and signed 101 new franchise commitments, with more than 90 openings forecast for 2026. Over three years, the system grew from approximately 1,100 locations to more than 1,275 and entered Utah and Minnesota, extending beyond its traditional strength in the Southeast and Texas. First time Smoothie King franchisees accounted for 55 percent of third quarter 2025 signings. The Power Eats menu added the brand’s first nationwide food items, including toast, with ovens rolling out across the system. Clean Blends continued with the removal of all syrups and the introduction of smoothie bowls. A 2026 incentive program targets 13 markets: Arkansas, Arizona, Colorado, Illinois, Massachusetts, Michigan, Minnesota, New Mexico, Oklahoma, Pennsylvania, Utah, Virginia, and Wisconsin. Main Post Partners provides institutional capital for expansion. International operations include more than 130 locations in South Korea, plus locations in the Cayman Islands and Trinidad and Tobago.

Smoothie King may suit an entrepreneurial operator who prefers a focused product concept and health and wellness positioning. Food service experience is not required. The financial requirements are $100,000 to $150,000 in liquid capital and $300,000 to $350,000 in net worth. A location with 10 to 15 employees and an 800 to 1,600 square foot footprint can fit an owner operator or a semi absentee owner with a strong management team. Multi unit development is encouraged, and existing franchisees account for a significant share of annual development commitments. Territories span more than 44 states, with active incentives in 13 priority markets. Airport, military base, and university formats offer additional development paths. The 10 year agreement and 10 year renewal option provide a potential 20 year operating period, while the brand’s more than 50 year history provides established operating experience and brand equity.

Loan Activity Score

68/100

SBA Default Rate

8.2%

Active Lenders

169

According to its Franchise Disclosure Document or public business records, Smoothie King has 529 locations, all owned by franchisees. Public SBA loan records show 169 lenders made 707 loans to franchisees of Smoothie King. PeerSense calculates Smoothie King's score as 68 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2025 Franchise Disclosure Document.

Franchising since 1973 · 529 locations

Investment

$311,601 to $1.4M

Franchise Fee

$30,000

Total Units

529

529 franchised

Loan Activity Score
Very high
68
SBA Lending
25
Lender Quality
13
Transparency
11
Reach
10
Momentum
9

Proprietary PeerSense metric

Strong
Capital Sources
169SBA lenders

Distinct lenders in public SBA records for Smoothie King

707

Total SBA loans

$272K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for Smoothie King

Loan Activity Score Breakdown

Major Brand (100+ loans)

Very High Confidence
68out of 100
Strong
Market Momentum9/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety25/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence13/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency11/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint10/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

8.2%

vs 10.3% peer avg

SBA Loans

707

Total Volume

$192.4M

Active Lenders

169

29 selective

States

31

vs. SBA Sector Average

+2.1%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Low SBA default rate (8.2%)
Item 19 financial data disclosed
529 locations nationwide

Data Insights

Key performance metrics for Smoothie King based on SBA lending data

SBA Default Rate

8.2%

2.1% below peer avg

SBA Loan Volume

707 loans

Across 169 lenders

Lender Diversity

169 lenders

Avg 4.2 loans per lender

Investment Tier

Premium investment

$311,601 to $1,379,150 total

Smoothie King: Deep SBA Data

Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.

Peak SBA Year

2016

43 approvals. The best year on record for Smoothie King.

Top SBA State

Texas

195 SBA financed Smoothie King locations, the densest operator footprint.

Average Loan Size

$272K

Median $324K. Use as a sizing anchor when modeling your own Smoothie King unit.

Lender Concentration

21.2%

Moderately Spread

Share of Smoothie King approvals captured by the top 3 SBA lenders.

Smoothie King's SBA lending pipeline peaked in 2016 (43 approvals). The last five fiscal years account for 21% of cumulative volume ($71M approved). Operator density is highest in Texas with 195 SBA financed locations. Average funded ticket sits at $272K, with the median at $324K. Lender mix is moderately spread: the top three SBA lenders account for 21.2% of approvals. Borrowers have leverage to shop multiple credit boxes.

Payment Estimator

Loan Amount$249K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$3,226

Principal & Interest only

Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.

Locations

Smoothie King, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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Smoothie King

Page Review

Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense

  • PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
  • Edward L. Freeman founded PeerSense in January 2020.
  • He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
  • His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
  • In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page

Last reviewed LinkedIn profileAbout Edward Freeman