Let this be a guide for you to start considering the information you’ll need to create your financial plans. To get an idea of what your budget might be, call local contractors and ask about the average cost per square foot. That being said, a retail store that sells bottled juice can achieve a lower food cost, and should strive for 20% – 25% average food cost for organic juice. Reply Mohan November 26, 2018 At 11:36 am Want to get an expert-estimated overview of what your budget might be? Please note that this amount includes the salaries of all the staff for the first 3 month of operation. Or makes you run out of money entirely putting your launch at a standstill. Did you know that our consulting company also offers a worldwide staff training service? In the United States of America, the Average Cost of Purchasing a Juice Bar Franchise is $50,000. START A JUICE BAR with Andrew McFarlane This program will assist you in every single stage of opening your own unique juice bar and will provide … This article assumes that you are starting a juice bar as an independent store, rather than starting a juice bar inside a gym, for example (though we’ve worked with clients who have done this too!). are that which will change for that period (often monthly) depending on a range of factors. Side note: We do not recommend getting a more affordable or smaller volume hydraulic press for your business, as you will run into any issues with keeping up with production, which will cost you more in labor. The next crucial point for opening up a bar is to decide on the best option for you: buy an existing bar, build your own, remodel or buy a franchise. A large space that includes customer seating will be vastly different from a more kiosk-stye grab-and-go juice bar store. One of our experienced team members will come to your location for 3 days excluding travel days. Each cost is displayed as a range of the average budgets we commonly see. Smoothie King offers exciting franchise opportunities for passionate, dedicated entrepreneurs. You can then take a look at top commercial brands for each type of equipment. Marketing strategy for both online and physical channels, plan for attracting and retaining customers. Juice bar owners should also know that running their own single juice bar outlet (an independent business) is different from managing or operating a juice bar chain or franchise. Projections for profits and plan for stable cash flow, a timeline for the next 5 years, how loans will be repaid. Every city is different when it comes to the required licenses and permits and their respective costs that a juice bar business should obtain. The following are additional costs for you to take into account when creating your juice bar budget: Take your time to do the research to find the relevant service companies to obtain multiple quotes from each. Our founder, Andrew, actually opened his own juice bar business for around $70,000. This is the initial investment in things like juice bar startup equipment, for example. Home » Business ideas » Food Industry » Smoothie & Juice Bar ». We will guide you through the implementation of proven marketing strategies on and offline to build awareness about your brand. Most houses will sell for more than this, that’s an overall accepted fact. Customers tend to look down on juice that costs upwards of nine dollars, even though, for many places, this is the only way to actually make a profit. How Much Does It Cost to Start a Juice Bar in the United States? With that, you can indeed bootstrap your juice bar on a lean budget within your residential apartment. Our recommendation is to not try to ‘save’ on lower quality interior design and printing, as it will end up costing you more in the long-run having to constantly replace menus that can’t be cleaned, or furniture that doesn’t last long. For over a decade, we’ve worked with hundreds of clients to open their juice and smoothie bar businesses around the world. If you do not receive a response from us in 24 hours, please check your spam folder. Produce (technically you’ll need this ready by open-day, so the cost of your initial ingredients does factor in here even though it is an operational cost). When conducting costing and economic analysis for your juice bar business, you just have to critically examine these key factors; place, product, pricing and promotion. How much does it cost on average to start a juice / smoothie bar? Additionally, the leasing structure needs to be considered. If outside capital is needed, outline needs and how funds will be used. This article contains nuts-and-bolts information that demystifies what it takes to be successful. This meant that only cosmetic upgrades were needed, so only having to do these minor adjustments effectively saved tens of thousands of dollars. If YES, here is a detailed cost analysis for starting a juice bar business and raising finance. One of our services as part of our consulting packages (and also as a standalone offering) is to create your entire business plan. Research if there is a smoothie bar or juice bar in your location – if there is one, what's your point of difference and, if there isn't one, why not?” Identify who your target market is (take a look at our guide to calculating the size of your target market ) … Best practices for educating staff, handling shift coverage, write-ups, and reducing turnover. West's first store cost about $47,000 to start. Working with an agent will help you to streamline the process and narrow it down to commercial properties that fit your need and desired monthly lease budget. Opening a juice bar business can be done with less than $10,000 including the necessary business licenses, permits and insurance. These are the essential variables that will affect your overall budget. To get an idea of your cost of equipment, consider from the list above about what you would need (also, the following point about the menu will help you decide what you need). One of our services as part of our consulting packages (and also as a standalone offering) is to create your entire business plan. A business plan not only helps you to outline your budget with financial reports and breakdowns giving you a roadmap of opening your business, but it also enables startups to secure funding. Signage, lighting, and other cosmetic changes will be factored in here. To get a basic idea on price ranges to think about, considering that your budget will be determined by the variables we shared above, here’s a ‘mock’ startup juice bar budget. We will put together a complete spreadsheet for your menu outlining the cost per ingredient, total product costs, and profit margin. Generally you can expect to pay 5% – 10% of gross sales as a royalty and marketing fee, and an up-front franchise fee of $25K – $50K to get started. Please note that this amount includes the salaries of all the staff for the first 3 months of operation. Starting a small – scale but standard juice bar business in Australia will cost about five thousand Dollars to twenty thousand Dollars (AUD$5,000 to AUD$20,000). As the front line of your business, your employees are invaluable to the successful running of your juice bar business. Don’t underestimate this; if you are perfecting recipes, especially those that use high-quality ingredients and superfoods – you can spend a lot of money on the ingredients alone as you trial recipes. Below are some examples of popular U.S-based juice and smoothie bar franchise brands and their franchise fees: We work with clients who are opening their own original juice bar concepts, and we recommend this option over joining a franchise for the benefits of: Andrew shares more about the juice bar franchise industry in the podcast episode here. Creating a menu is an art and a science. We’ve broken it down to the different variables to consider, such as the store location, potential lease terms, your build-out needs, and menu design, to name a few. On the other hand, you can choose to start a mobile juice cum smoothie business, operating a mobile cart is not capital intensive when compared to renting a shop, renovating the shop and maintaining overhead and running cost. The budget below is the average range, not encompassing all scenarios and juice bar startup costs, so you will have to assess what end of the spectrum you will likely be in each area based on the information we have provided above. As an ongoing cost, you’ll still have to factor this into your opening budget as it will generally require a deposit and usually upfront rent, sometimes a few months, depending on the landlord’s need for financial security in your agreement. We will offer our feedback on the viability of your success in this location. Interested in owning a successful Smoothie & Juice Bar Franchises business? He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. The location is where you’ll start. Beyond aesthetics, which are clearly important, we will look at the flow of customers as well as employees to create a seamless purchasing and working experience. There is some information out there already on the topic of opening a juice bar cost, though straight up we’re going to touch on something that is often not expressed in the various articles about the subject…. Juice bar business plan for starting your own smoothie corner Do you want to start a juice bar business? Introduction and a short description of business purpose, mission, why it’s going to be successful. Key products, menu size, why you selected these products (based on demand), and sample menu if possible. Your budget would include the cost of your ingredients and potentially the cost of hiring any menu consultants. Having the freedom of branding, re-design, marketing, and menu adaptation. If you are targeting up-market business, you can get a nutri-bullet which goes for Sh10,000. If you are starting a juice bar on your own, there are a myriad of things to set up and get in place before you can open. This is contrasted to the cost of operating your juice business, which can also be explained as the cost of running your business once it is open. We will create a custom equipment list for your juice bar business. In essence, this will function as a rebate on your build-out expenses. What you can be sure about is that you won’t likely be able to open a juice bar business for $20,000. What are the costs involved in opening a juice bar? The average budget we would recommend as a starting point would be around $2000 for a time period of 2 weeks to get your first draft of the menu together. Keep in mind that we’ve had clients spend upwards of $450,000 (due to choices of higher-end equipment and store build-outs, for example). Factors of Juice Bar Success Learn More → In today's health-centric world, opening a salad bar can be a unique and profitable business, especially if you have a smart strategy from the very beginning. People are willing to invest in houses for far more than $100,000. For nearly a decade, we have assisted in everything from concept development and business planning to menu According to IBISWorld, the juice and smoothie bar industry brings in about The juice bar business started to boom in the mid-90's thanks to an increasing demand for easy, tasty yet nutritious beverages and snacks for health-conscious consumers. Starting a small scale but standard juice bar business in the United States of America will cost about five thousand Dollars to twenty thousand Dollars ($5,000 to $20,000). You will be given a rough location design outlining the placement of all major equipment, such as P.O.S, sinks, counter-tops, and more. We’ll also share about why buying into a juice bar franchise is more expensive, as well as how to go about creating your juice bar business plan, so you can potentially raise the money that you need. Before you enter the world of operating costs, you first need your juice bar open! Yields the lowest ‘quality’ juice in terms of nutritional value. How Much Does It Cost to Start a Juice Bar in Australia? We are researching how to start our own juice business in Florida. These are the key expenses you are expected to make when starting a medium scale but standard juice bar business in Canada; You will need an estimate of seven hundred and fifty thousand Dollars ($750,000CAD) to successfully set up a medium scale but standard juice bar business in Canada. We will also share the best methods for ensuring your contractor’s credibility, negotiate and save money during the build-out process. Many units are needed to tailor to commercial quantities of juice. Please note that this amount includes the salaries of all the staff for the first 3 months of operation and it applies for a juice bar business with the capacity to opening more outlets in other locations. We’re presenting an in-depth guide to how to approach opening your juice bar – or put another way – how much it’s going to cost you getting-it-off the ground from start to finish. You can expect to pay between $150,000 – $250,000 on average to start a juice / smoothie bar. These will include health department and business licenses, as well as permits like the fire department, air and water pollution control, and sign permits, among others. Because of this reason, in many cases, even a small juice bar store space can be on par with, or more than, the cost of a house. If you opt for a regular retail version of a masticating juicer as a cold-press option, you would need multiple machines (6-8) to handle high volume orders. How Much Does It Cost to Start a Juice Bar in Canada? Our Juice Bar Franchise Cost & Investment At Clean Juice, we go out of our way to be transparent and straightforward about our juice bar franchise cost, not only because it’s the right way to do business, but because a well-informed, well-prepared franchise partner betters his or her chances for success. Hiring a designer, of course, will add on to your projected budget of the materials and labor needed to design your physical space, signage, and the virtual design elements, so be sure to factor that in and get quotes for various designers to get the best deal. While this seems like a cheaper initial investment, it could lead to your ultimate business failure. These are the key expenses you are expected to make when starting a medium scale but standard juice bar business in the united kingdom; You will need an estimate of seven hundred and thirty thousand Pound Sterling (£730,000) to successfully set up a medium scale but standard juice bar business in the United Kingdom. If there’s some hesitation about investing in a juice bar business more than $100,000, know that the chance of a return on your investment with a successful business is generally much higher than an investment property of a similar price. Please note that this amount includes the salaries of all the staff for the first 3 months of operation. We’ve also included some helpful guidance for how you can find the information you need with a little research so that you can start to come up with an idea of your unique cost of opening a juice bar. When it comes to starting a standard and large scale juice bar business with several outlets in key cities in Canada, a juice bar business with the intention of selling franchise, then you should look towards budgeting well over two million Dollars ($2 millionCAD). Juice and Smoothie Bar 370 comments 10 expert advice 221,209 views Beverages are among the most sellable items that people can offer. Starting a franchise would factor in all costs from the above mock budget, as well as initial franchise fees (which will then also be ongoing marketing and royalty fees as part of your operational costs). The most important aspects concerning opening costs are where the bar is located, how big the business will be and if you own the space or will you be renting it. As a matter of fact, you would have to continue to review these key factors at regular interval while running your juice bar business. Watch our video on the cost of a juice bar business below. Also, consider whether you’d need to pay an interior designer to help with the layout of your store. If you’re wondering how much does it cost to open a juice bar, well that answer varies too. Opening your juice bar is something to celebrate, as this particular business endeavor directly serves the health of the world. This can put businesses in tough positions as these recipes are not optimized for the juice service industry, among other reasons that Andrew shares in this YouTube video. When it comes to starting a standard and large scale juice bar business with several outlets in key cities in Australia, a juice bar business with the intention of selling franchise, then you should look towards budgeting well over two million Dollars (AUD$2 million). It can be detrimental for a startup to just go along with vague figures that have no explanations attached. Later, we’ll provide a mock budget with some actual numbers, for you to get a clearer idea of where you may fall in this average range. Cost of Opening a Juice Bar: ‘Mock Budget’, Additional costs (as stated above – utility, website, CCTV etc), *Add onto this total 4 – 6 months average payroll expenses. Do not make the mistake of just copying free recipes online. This could lead to under-budgeting, which: ‘Ultimately, it’s better to have more money and not need it, than to need more money and not have it.’ – Andrew McFarlane, Start A Juice Bar founder. Building a business is building an asset, so broaden your mind if you’re having trouble accepting that the average cost of opening a juice bar may be more than you would have expected it to be. Taking the guesswork out of it and enhancing the chance of securing capital successfully. Please note that this amount includes the salaries of all the staff for the first 3 months of operation. You can already get an idea by simply looking at the commercial properties available in the area and how much they are renting for. Hiring an interior designer who has worked in commercial spaces – foodservice in particular – can be super supportive for entrepreneurs not having to do it all alone. This is an outline of your business mission, model, and financial elements. Though this depends on the cost of your ingredients and the size of your menu. Just ensure that you consult the required authority in your city to be sure you secure a permit to run a business in a residential area. A juicer goes for Sh2,000 but it depends on the type. Juice and Smoothie Bar-: Unlike the mobile juice bar, this kind of juice bar is stationed in one place (Restaurant style) where people can easily walk in and order whatever they want. We will take care of all of your admin paperwork to run your business including: Contact us if you have any questions or would like to begin working with us on your Full Scope Package. This doesn’t cost a cent, and you could end up saving thousands of dollars just from investing some time to get the best deals. Opening a juice bar requires good planning and strategic marketing to outshine the competition. Starting a Juice Bar – Sample Business Plan Template What this will tell you is where you fall in the budget range that we offer in the ‘mock budget’ provided later in the article. Well, this is one of those businesses that generate huge profits despite requiring little investment group for the business plan … Multifunctional juicer/food processor $500 — $1500 per item Automatic fruit and vegetable peeler $50 — $100 per item Juice bar business is one of many businesses that despite the fact that it can be started with a relatively learn budget, it can’t be operated from the home. Initial capital for operational costs (usually having a contingency fund for the first 4 months from the opening is supportive to new businesses, especially if it takes a little while to build community and get enough people through your doors at the start of operations). Starting a business is also starting a brand, so the design process and related costs need to be factored into the initial budget for your juice bar startup. You can then take a look at top commercial brands for each type of equipment. A juice bar can cost anywhere from $47,000 to $395,000 depending on franchise costs — if any, construction costs, equipment and If you think that upward of $100,000 as a juice bar startup cost feels steep to you… think about it in terms of buying a house. Based on your total budget we will collaborate on allocating the appropriate amounts to all major categories of your business to ensure priority in spending. Let’s make something clear here. Please note that this amount includes the salaries of all the staff for the first 3 months of operation. Over and above, the cost analysis as it relates to starting a standard juice bar in the united states of America, Canada, United Kingdom, and Australia can be said to be almost the same except for few variations. Since clients who have the means to work with a consulting agency like ours – whether for a once-off business plan or a full-scope package – have some capital to invest in consulting, we see that the minimum that clients generally invest is about $100,000 from start to open. weeks!) Depending on what your situation is, the budget range will be very different. When it comes to starting a standard and large scale juice bar business with several outlets in key cities in the United States of America, a juice bar business with the intention of selling franchise, then you should look towards budgeting well over two million Dollars ($2 million). Based on the produce you have access to, our team will create an easy to produce and tasty menu for your business. The potential for future evolution (opening additional stores under your own brand, or changing brand concept entirely). Please note that this amount includes the salaries of all the staff for the first 3 months of operation and it applies for a juice bar business with the capacity to opening more outlets in other location. Available in Other Countries: | UK | Australia | Canada | South Africa | India | Nigeria. The black-and-white answers of just quoting figures don’t account for your unique situation, so basing your financial plans on an outside source without taking into account all of the different factors that will affect your budget won’t be effective. These are the key expenses you are expected to make when starting a medium scale but standard juice bar business in Australia; You will need an estimate of seven hundred and fifty thousand Dollars (AUD$750,000) to successfully set up a medium scale but standard juice bar business in Australia. These are ingredient costs, marketing, labor, electric bills, and more. Contact us if you have any questions or would like to begin working with us on your Committed Package. You can get key information on the wage requirements for your location and if there are any special conditions for paid training (some states in the U.S have a reduced hourly rate for training period) from your local labor board. Taking the guesswork out of it and enhancing the chance of securing capital successfully. It would be difficult to understand which juices and meals have the quickest prep time and highest profit margin if you’ve never worked in foodservice before. Most juice bar owners will need the following equipment to get started: Refrigerator ($1,500 - -$4,500) Ice machine ($1,700 - $2,700 for small/ medium size) Juicer ($300 - $3,000) When starting a juice bar business, you have to get your costing cum economic analysis right, if your intention of building the business is to generate profit, grow the business and perhaps expand the business beyond one location to other locations within your country and other cities in the world. This training is about making sure all employees are ready to serve customers already at a high standard from opening-day onwards, which means that they need to know how to use the POS system, prep the ingredients, make the drinks (and food, if that’s on your menu), clean the juice bar, and be familiar with opening and closing procedures. Helping You Open a Successful Juice Bar, We are the worlds first juice and smoothie bar consulting agency. This guide describes the key variables you need to consider in opening up a juice bar so that you can effectively budget for your startup. Our team of experts will deliver a beautiful and comprehensive business plan for your Juice Business. getting together a list of items for raw food + juice prep, consistent with opening a juice bar / smoothie shop. Generally, these are the key elements of a juice bar business plan: It’s a lot, we know. Visit our website to learn more about our opportunity! Please note that this amount includes the salaries of all the staff for the first 3 months of operation. We’ve seen clients within a higher-range budget invest even up to $450,000 opening their juice bar – for various reasons (location choice, build-out costs, and design, equipment choice, etc). Having a Unique Brand Position is extremely important for any mature business. Our team will offer you a perspective on the best practices for interviewing and the characteristics you want to search for when hiring great staff members. The Juice and Smoothie Bar industry has come a long way and it is still evolving with loads of smoothie drink makers bringing in creativity in terms of flavors and packaging into the industry. Our team will share the best practices for hiring an architect. We will review at least 3 itemized bids and from there will guide you through the process of hiring your contractor. The property value of the area you are looking to open will determine the cost of the store, whether you buy it outright, or lease it. We will also hold video interviews or in-person interviews (depending on proximity) for up to 5 management level staff members being considered. Refer to the build-out needs below for more guidance on the construction process. Other factors that may be slightly different in terms of costing when it comes to starting a standard juice bar business in any of the countries listed above are cost of labor, cost of fresh fruits, cost of transportation and logistics, local tax, insurance policies, business incorporation fee, promotion and branding cost, and rent/leasing amongst other factors. Describe your operations briefly, your target market, how your company will fill a void in the current industry/location, etc. Whether you’re new to the business-world entirely, or simply the juice and smoothie bar industry, you’re asking one of the most common questions we get from clients: ‘how much does it cost to start a juice bar?’, Having a financial plan to understand what your projected budget is crucial for starting any business. Starting a small scale but standard juice bar business in Canada will cost about five thousand Dollars to one twenty thousand Dollars ($5,000CAD to $20,000CAD). Andrew shares more about the juice bar franchise industry in the podcast episode, The Importance of a Juice Bar Business Plan. Also, many landlords (particularly with newer buildings), will offer something that is known as ‘tenant improvement allowances’. You can often negotiate a lower price for upfront long-term leases, rather than month-to-month. This is so because you would not want people to continue to knock at your door and invade your privacy just because you want to sell juice to them. It’s worth the energy to ‘shop around’ and assess these quotes if you’re serious about lowering the cost of opening a juice bar. The cost of your juice bar in a small state in Central America will be different from a big city in California, for example. Examples of 3 Well – Known Juice Bar Franchising Companies in Australia are; Copyright © 2021 Profitable Venture Magazine Ltd | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. I’m opening a juice bar in Washington DC. We also want to share briefly about the difference between starting your own juice bar and purchasing a juice and smoothie bar franchise. This lower number was due to the luck of finding a storefront that had the existing infrastructure. Expert Tip: If you have no management experience, especially in the foodservice industry, we highly recommend that you hire an experienced general manager who understands foodservice standards to handle your day-to-day operations. A bar that purchases its location and pays a mortgage has an average startup cost of between $175,000-$850,000. Variable expenses are that which will change for that period (often monthly) depending on a range of factors. Fill out this form to speak with one of our team members to find out how we can help you launch your Juice Bar business. Essential Juice Bar Startup Equipment Guide, The Corona Virus Needs your Juice Bar Business, A complete list of benefits for all major ingredients, Online Marketing Strategies Through Google And Facebook. Please note that this amount includes the salaries of all the staff for the first 3 months of operation. Royalties and fees vary between businesses. Extract more nutritional value from vegetables & fruits. It is important to note that fresh fruit cost is one of the most important factors contributing to the overall cost of a juice bar business and should be considered as a major factor when carrying out your costing and economic analysis. We will take into consideration what ingredients you have access to. This will also give you the clearest picture of what you can expect your budget range to be. This means that if the juice is selling for $10.00 / bottle, the cost of the actual produce that goes into the juice should cost no more than $2.50, on average. NOTE: All airfare and hotel fees will be taken care of by client. Do you have any insight? if you’re low on budget, i’ll suggest using purchased kitchen equipment. For example, the cost of setting up a standard bar facility with government approval are same especially when bench–marked against the US Dollars.
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