How Can I Succeed as an I Love Juice Bar Franchisee?
Relatively low startup costs and a thriving industry mean high earnings potential for franchise owners
Opening a juice bar is a remarkably affordable proposition with an I Love Juice Bar franchise. Our startup costs are actually far lower than other, less lucrative food franchises, many of which cost $1 million or more to get started. One of the many advantages of an I Love Juice Bar franchise is that your initial investment will range from $172,860 to $302,800.
With startup costs so low, the potential for success is virtually unlimited, and I Love Juice Bar had an incredible year of growth in 2016. We now have 37 stores open nationwide, with 11 more under construction. Franchise owners across the country are seeing their financial investments pay off as I Love Juice Bar thrives in the $5 billion a year juicing industry. With industry experts estimating the juicing industry will grow as much as 8% before the end of 2017, now is the perfect time to enter an industry experiencing explosive growth.
A recent survey from the International Food Information Council highlighted that 71% of Americans consider healthfulness when purchasing their foods and beverages. Juice franchise concepts play a major role in fulfilling the demand those beliefs create. When weighed against a startup cost that ranges from $170,000 to just over $300,000, that’s a powerful potential rate of return on investment.
According to Forbes, the healthy eating industry in the U.S. topped $10.6 billion in 2015, a trend that analysts expect to continue in coming years. Meanwhile, the magazine also reports that 88% of consumers are willing to spend more to dine healthy, which will drive sales higher and faster than non-healthy food choices. There’s never been a better time to join I Love Juice Bar.
I Love Juice Bar franchise scales easily for more profit potential
As we look into 2017, multi-unit ownership will mean greater profit potential for existing franchisees. Of those deals we have in the works, many are entrepreneurs growing their business portfolios.
“What I’m most thrilled about is that we’re continuing to attract passionate ‘mom-and-pop’ owners who are really excited about what we do,” I Love Juice Bar CEO John Hunt says. “Multi-ownership is huge. Most of the committed individuals who have deals in the works are already owners who have signed multi-unit deals.”
Some of our franchisees see the multi-unit opportunity appeal at the onset, and begin their I Love Juice Bar franchises with the long-term vision to own more than one store. Nashville-area husband-wife team Keith and Heather Harned’s deal means that in addition to their Mt. Juliet location, they will also open a store in Hendersonville and one in the Donelson/Hermitage area. Keith and Heather aren’t ruling out other stores down the road, either, but say they are focused now on growing their first three stores. “We have other target areas we are interested in, but we’re going to get these three rolling and then look towards that,” Keith says.
Bring I Love Juice Bar franchise to your community
Few juice bar franchises can boast the relatively low start-up costs, performance and profit potential that I Love Juice Bar franchise offers. With I Love Juice Bar, owners get a powerful national brand (which thrives inside the explosive, health-conscious juicing industry) backed by a cutting-edge franchise system and skilled management team.
You can learn more about how we started, why our mission is important to us and how our business model is structured by checking out our research pages. For more information, fill out a form to download our free franchise report. There’s never been a better time to open an I Love Juice Bar franchise.