JAMBA JUICE Franchise Cost and Profit Margin – Review
Jamba Juice is one of the top restaurants that offer the goo-for-you foods and beverages. Items on their menu include juices, fruit smoothies, teas, oatmeal, salads, sandwiches, California Flatbread and a host of other meals.
If you are the kind of individual that is passionate about assisting other people to live a healthy lifestyle and at the same time manage a fast growing business that will boost your financial level, then it might be time for you to consider being a Jamba Juice Franchisee. You might then want to enquire how much is a Jamba Juice Franchise.
ABOUT THE COMPANY
It was established in the year 1990 in San Luis Obispo, California. The Jamba Juice brand has over 750 units across the United States and they have not ceased to expand. In fact, information available on their website shows that they are all days seeking for new franchisees to come and buy into the Jamba juice Franchise opportunity. The company has a mission to be the leading healthy lifestyle brand that offers consumers great products that taste good both within and outside their stores. They have a commitment to help not only their customers to live a healthy lifestyle, but their franchisees inclusive.
IS THERE ANY AVAILABLE SITE OR MARKET FOR JAMBA JUICE?
If your question is “Does Jamba Juice sell franchise?” Well, you don’t have to be worried about that as the company readily accepts new franchises as long as they are able to meet up with the company’s Franchise Financial Requirements. It will interest you to know there are many available sites or markets to choose from when you have finally decided to buy into the Jamba Juice franchise. There are even more possibilities of establishing your franchise internationally, outside the United States.
HOW MUCH IS A JAMBA JUICE FRANCHISE?
To establish yourself as a Jamba Juice Franchisee, you will need to get information about the cost of a Jamba Juice Franchise. As a franchisee, you will be expected to have about $350,000 in liquid capital. The company requires this level of capital to ensure that that the franchise unit is well capitalized and that there is access to capital if there is any need to build an additional unit.
You will also need to have a net worth of about $1,000,000 in order for you to open a location
COST OF OPENING A JAMBA JUICE UNIT
A Jamba Unit is the store where you operate your Jamba Juice Franchise. And the estimation of the total investment needed to construct a traditional Jamba Juice unit within the United States is within the range of $350,000 to $700,000. This will definitely incorporate the franchise fee for a traditional store. You can also decide to opt for the smaller formats and kiosks that are meant for non-traditional venues.
WHAT IS THE INITIAL JAMBA JUICE FRANCHISE FEE?
Every franchise requires that you make an initial franchise fee. This will give you the access to operate under the company’s name and a license will be issued to you after you have made the payment. The initial Jamba Juice franchise fee is $25,000 per unit. This is for a traditional unit. If you are going for the multi-unit option, you will be expected to make one-half payment for each of the unit after signing of the agreement and the other half will be paid before the units are opened.
JAMBA JUICE ROYALTY AND MARKETING FEE
In the United States of America, the Jamba Juice royalty fee is 6% of the store’s net sales if you are operating 3 or less traditional units. And if you are operating 4 or more traditional units, you will be expected to pay 5.5% royalty fee.
Marketing fee is about 4% of the net sales for each unit.
DOES JAMBA JUICE OFFER TRAINING?
If you have been approved to operate under the Jamba Juice Brand, you will be expected to acquaint yourself with the company’s concepts and standards of operations. The company offers training to all of its new franchisees.
As a franchisee, you will be expected to attend Jamba’s 4-6 week training program alongside an operating manager or a general manger recommended by you. In the training, you will be taught the day-to-day running of your Jamba Juice Unit. And also be exposed to the process of leveraging on Jamba’s support center in the areas of real estate, marketing, IT and supply chain.
The training will be held at Jamba’s certified training units which are located at different parts of the country. You will have the option of choosing a training center close to your immediate environment.
CAN I MAKE MONEY WITH JAMBA JUICE FRANCHISE?
As a business person, this is one important question that you might want to ask yourself before going into any franchise deal. If you have decided to buy into the Jamba Juice Franchise, making money with Jamba Juice will depend on so many factors. The most important of all being the location that you have decided to open your store and also the effort that you personally put into your business.
Jamba Juice does not offer any form of financing for their franchisees, but you can seek the assistance of your financial advisor to help you with the best loan facility that you can deal with if at all you need any form of extra financing to open your Jamba Juice Store.