You may want to consider starting off at a smaller location to get a sense of who is interested in your product. Using dedicated business banking and credit accounts is essential for personal asset protection. Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. The amount you spend to open a smoothie business will depend on whether or not you franchise and which location you choose. How to Open a Juice & Smoothie Bar. 561-745-8733. While hindsight is 20/20, Andrew would not start a truck first if he had to do it all over again. These upfront costs include any and all of the following: If you choose to franchise your location with a well-known national brand, you will pay more in terms of upfront costs. The Smoothie Truck, Papillion, Nebraska. Get more ideas with our Business Ideas Generator. It’s important to do some self exploration with these numbers to get an understanding of what level of daily profit would satisfy you as a business owner. Free samples or friendly smiles can be worth their weight in gold. This will save you on labor cost. Even though the work day was ending at this time there was still a lot of work that needed to be done to prepare for the next day. It was going to cost a lot of money to start a juice business in a commercial space. Andrew observed one of the cast mates was in insanely good shape. Automated Citrus Press – Juicer. 800-627-2886. Ongoing expenses for a smoothie bar include the following: The target market for a smoothie business typically includes anyone who wants to make their body healthier with ingredients that actually taste good. We cover the financials of operating a juice bar, cost to get started, equipment you’ll need to invest in, whether or not you should join a franchise, the pros and cons of operating a smoothie truck and most importantly… Is this business right for you? It’s really hard to be grazing all day on pears and apples, but you can drink your smoothie and get everything in one. 3 You need a … In many parts of the United States, you could lease a retail space for that kind of overhead. You may only need to hire 1 – 2 part-time employees to assist in the operations. Take our Entrepreneurship Quiz to find out! Growth potential typically depends on where you open, how you market, and what menu items you offer. For anyone thats visited you know this is a highly congested urban area. The standard rule is to set menu prices at roughly three times what it costs for the raw ingredients, though the exact amount you charge will be based on location as much as this generic recommendation. Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your smoothie business is sued. However, you’ll also enjoy free advertising and brand recognition from the moment you open. When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. They’re typically found in busy shopping centers or fitness clubs as a way to introduce fresh options to a fast-food laden culture. Sign up at the Business Center to access useful tools for your business. Start Where You Are. But you don’t want to cut corners to save money on key areas of the business either. However, assuming it costs about $350,000 to run a smoothie store a year after initial start-up costs, owners can enjoy a comfortable profit margin on their business. Owners will generally need to hire at least a few team members immediately, even if they’re operating out of a smaller location. LLC formation packages usually include a free year of registered agent services. Copyright 2020 Foodtruckempire.Com | All Rights Reserved |, http://traffic.libsyn.com/foodtruckempire/Starting_a_Smoothie_or_Juice_Bar-FEP005.mp3, generated $681,724 in gross sales per unit, Market Analysis for the $100+ Billion Per Year Burger Business, 6 Smart Tips to Test Market Your Food Product, How to Generate Hundreds of Profitable Podcast Name Ideas Like Me, How to Run Social Media Ads for Restaurants in 2020. SHOP; COMMERCIAL JUICERS & CORERS. It's a substantial opportunity to be a part of a national shift in the public perception of health food. It’s not uncommon for you to use 100 pounds of apples per day. Area and location matters a lot when it comes to a smoothie shop. “It’s an easy way to get your fruits and vegetables. Depending on which business structure you choose, you might have different options for how your business will be taxed. Today’s guest Andrew McFarlane has operated a juice food truck, multiple juice bars over the past 15 years, and is the founder of Start A Juice Bar agency. As Andrew points out, you should complete this research before you get a food truck. For example, some LLCs could benefit from being taxed as an S corporation (S corp). Blenders. We dig into Andrew’s back story and tips for getting started in this interview. Ideally, you’ll already have a built-in customer base that knows how you are and what the menu is. Here’s what a typical P&L statement will look like for a juice or smoothie shop: Operating a smoothie bar, whether you decide to use a food truck or juice bar is no easy task. Ultimately, Andrew decided to turn his passion for this healthy diet and lifestyle into a full-time business. Andrew would regularly park his truck outside a Trader Joe’s location. Recommended: Read our guide to find the best small business credit cards. More affordable to purchase, but will increase labor cost. In addition you will need a federal and a state EIN if you will hire employees. Tip: Two of these you don’t need to pay back. Customers are looking for a clean establishment that’s fun and welcoming to visit. A CO confirms that all building codes, zoning laws and government regulations have been met. After reading this post and listening to the interview the immediate next steps should be to create a first draft menu and business plan for your juice shop. Learn how to get an EIN in our What is an EIN guide or find your existing EIN using our EIN lookup guide. Businesses operating out of a physical location typically require a Certificate of Occupancy (CO). We share our strategy for naming profitable businesses in this post in addition to helping you shape a distinct brand for your future company. Smoothie shops can expect to generate between $250,000 (low-end) and $800,000 (high-end) in gross revenue per location. Smoothie Equipment 4. Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down. Learn how to start your own Smoothie Business and whether it is the right fit for you. Click play on the video interview below to find out. Learn more about state sales tax and franchise taxes in our state sales tax guides. Tips for faring well on a health inspections. Or you may want to advertise to corporate workers who are looking for a quick lunch or a mid-afternoon pick-me-up. Starting a mobile smoothie bar out of a truck can cost less than establishing a brick-and-mortar location. Brett's mission is help to entrepreneurs start and grow profitable food businesses. Your brand is what your company stands for, as well as how your business is perceived by the public. Planning to start a smoothie or juice shop, but don’t know what to call it yet? If you don’t see a schedule...there is no schedule We spent a year and a half working with city officials on legislative reform, which were just recently passed by the City Council and the Mayor. We’ve gathered necessary and useful information to help you succeed both professionally and personally: If you’re a woman looking for some guidance in entrepreneurship, check out this great new series Women in Business created by the women of our partner Startup Savant. Learn about the day-to-day activities of a smoothie business owner, the typical target market, growth potential, startup costs, legal considerations, and more! Fabulous Food Trucks: Smooth Rider smoothie truck at Walnut Wednesday You don’t need to commute to different locations. You should enter this list of prospective locations in a spreadsheet. (Source: Lower barrier to entry and upfront cost. After you operate the juice business for a few months, you’ll get an understanding of how much inventory you’ll need to keep in stock. By sharing these stories, I want to help others get started. The best way to get started is to do as much research as possible about your competitors, and then use those insights to apply what’s working to your business. I am opening a new Smoothie truck the business name is Nashville, Group Smoothie truck Justgosmoothies Services Nexas and I reside in Nashville, TN. Based on all the research this is a growing business opportunity, but that doesn’t mean it’s the right choice for you. Look on Facebook, Instagram, and Twitter for accounts to follow and groups to join. Owners will need to master the logistics of ordering, payroll, and advertising as much as they’ll need to understand which berries are in the highest demand. You can’t manage what you don’t understand! Additionally, learning how to build business credit can help you get credit cards and other financing in your business's name (instead of yours), better interest rates, higher lines of credit, and more. This is a big chunk of the rent you would be investing in a store instead. How to register and start a(n) Smoothie truck business in Nashville Davidson County, TN, 37210 . 1. Not to mention, a few high-tech pieces of equipment and a refrigeration unit that meets food service standards. Have a Professional Service Form your LLC for You. A smoothie or juice shop is a retail store with a menu offering a wide-range of fruit and vegetable based beverages like cold-press juice, smoothies, and . If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage. A CO confirms that all building codes, zoning laws and government regulations have been met. Read our guide to find the best small business credit cards. This realization led Andrew to the conclusion that a retail space is often the right choice for startups even if the one-time startup costs are higher. For example, tempting the new year's resolution crowd with a promise of trimming their waistlines. In the first phase a business, Andrew recommends being extremely hands on so you understand all aspects of the operations. Most shops will do about 60% of sales in smoothies and 40% in juices according to our featured guest. We can help you set up from layout to equipment and products. Licenses & Permits A successful food truck can bring in more than $500,000 per year, with startup costs starting at $40,000. Instead, Andrew would have found a way to open a retail location. One other consideration that Andrew makes during the interview is on the topic of food spoilage. You’ll have less overhead and have the flexibility to change suppliers, menus, or brand positioning if needed. If you operate a sole proprietorship, you might want to operate under a business name other than your own name. How to Start a Food Truck Business Step 1: Get Licensed. Put the fruit in the blender before adding 1 cup of yogurt and honey to taste. open my own business I.e., Start a Smoothie Truck business in 84532 Moab, Utah. Know someone interesting that should be interviewed on the website? This conversation led Andrew down a path to understanding more about his own diet and overall health. Behind the Scenes 5. As with any startup business, it’s going to take a lot of time and effort to get the business off the ground. Anyone with high cholesterol or diabetes can supplement an unhealthy diet with smoothies as a means to get more nutrients in their life. Start with the Juice and Smoothie Association (JASA). If a certain vending location doesn’t work you, you move on to the next more profitable spot. It's really easy and free! New research comes out every day about how nutrients interact with our bodies, and an owner will need to be able to keep up with the changes to stay in business. Check out our How to Start a Business page. The most important thing is getting started in the right way, not the cheapest way. Ideally, an owner will have plenty of experience making their own smoothies at home. Special events like marathons, fundraisers, or mud runs can also be lucrative. A mobile truck is the perfect business idea for summer. A typical day for a smoothie bar owner may entail the following tasks: It usually helps to have some type of restaurant experience, whether it’s casual, fast-food, or formal. Here’s a sample list of equipment commonly found in juice bars: Go one step further with your equipment list by figuring out how much inventory you plan to hold in your shop. The first way is a proper outlet in a shopping mall or chain store and the second is a mobile shop based on a food truck concept or temporary made shop on the subway. Should you start a juice franchise or start an independent concept? Nothing’s simple in the small business world, and you can’t just drive a food truck or set up a cart wherever you’d like. When you operate a juice bar, you need a lot of space for inventory. The main thing is that it is supplied with electricity for the juicers and refrigerators. This will help you be more prepared and reach profitability faster after opening. But as Andrew explains the overhead in greater detail within the interview. For these reasons, Andrew decided to start a juice / smoothie truck instead of a juice bar. The advantages of starting a truck versus instead of a retail store are significant. Smaller menu. Tell us about them here. Andrew had to know what this guy was doing. You don’t need to find a new location to vend each day. (People may be more willing to try a Jamba Juice than an independent store.). Juice businesses should have between 50% – 70% gross margin on the products they serve before overhead like rent, taxes, and labor. Keep looking for ways to impress your customers based on their feedback. This list should help you figure out your ideal smoothie setup. (Source: The cold pressed juice market in the United States is expected to reach $8.1 billion by 2024. If your truck breaks down, you won’t be able to generate sales until it’s fixed. Most food truck owners fall in love with their business and the new lifestyle as they’re getting ready to open. Depending on whether you are making the smoothies from mixes or all natural ingredients from scratch, you may need a juicer, knives, dicers, corers, slicers, cutting boards, scoops, spoons, spatulas, measuring cups, storage containers, a refrigerated prep table, a walk-in refrigerator/freezer, as well as smaller refrigerators in the preparation area for easy access. A profit and loss statement often referred to as a P&L shows the revenues, costs, and expenses of a business. "Providing actionable and accessible guides and tools to help you succeed". (CO). Many cities require you to park your truck at a commercial kitchen or commissary overnight to be cleaned. That struggle—which took months—was what initially inspired my partner and me to start the New Orleans Food Truck Coalition back in early 2012. Wow I don't understand the process and what is necessary to get to start my new online small Mobile smoothie truck Mobile smoothie truck. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing. For information about local licenses and permits: A smoothie business is generally run out of a storefront. Most smoothie bars are open 7 days a week from mid-morning until evening, so it’s necessary to have several people trained and ready to handle the shifts. This will help you understand specifically where to setup shop after you open. Look for the right angle to appeal to your target demographic before you start trying to get the word out. The goal of this post is to help you figure out if this is the right business opportunity for you. Hi there I'm DuJamieJeanichPatski and my member number is 363330 online business registration. The average price for a smoothie is typically around $5 for a small and $7 for a large. Here is a list of commonly installed equipment on a juice truck: Prep Table / Cutting Boards – You’ll need plenty of space to cut fresh fruits and vegetables. Citrus Juicers. The organic juice / smoothie segment is an appealing market that will experience steady growth in the United States for the next 5 – 10 years. If you require a few thousand dollars in profit to be worth it, you’ll need a higher-volume location. You have found the perfect business idea, and now you are ready to take the next step. While hindsight is 20/20, Andrew would not start a truck first if he had to do it all over again. Hey! So, you can think about choosing a good area for your smoothie shop. The fruit and vegetable juice market is expected to hit $257 billion by 2025. Consumers globally are replacing sugary “junk food” with organic snacks and beverages that offer more nutritional value. You can choose to hire a registered agent or act as your own. As an entrepreneur, it’s your job to solve problems and make it happen. You will be responsible for obtaining a valid CO from a local government authority. Look at each menu item then build the equipment list needed to make each menu item. This can include hard-core fitness fanatics or dieters of course, but there’s a larger target market out there for those who want to live healthier lives. Our guide on starting a smoothie business covers all the essential information to help you decide if this business is a good match for you. When selling food, you will need licensing from a local health department; all establishments serving food are required to pass a health inspection. This is an opportunity to network, find out about new recipes, and learn new industry best practices and techniques to optimize your business. This separates your personal assets from your company's assets, which is necessary for personal asset protection. I Want To Start A Mobile Smoothie Truck Food Mobile Services . There are numerous factors that go into determining the total startup cost of a smoothie bar. Recommended: You will need to elect a registered agent for your LLC. Look for local or time-specific trends that you might be able to capitalize on.