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Tropical Smoothie began as a smoothie shop in 1993 along the panhandle of Florida. Tropical Smoothie Franchise Development Corporation was founded in 1997 in Destin, Florida, and the first franchised store opened in 1998 in Tallahassee, Florida. Tropical Smoothie Cafe is currently headquartered in Atlanta, Georgia. [4]
The Calgary-based franchise operating in the smoothie industry oversaw 133 locations at the time it was acquired. [63] [64] In Quebec, the franchises are branded as 'Jus Jugo Juice' under the company's interpretation of Bill 96. That same month, MTY also purchased the Mr. Sub franchise for $23 million; at the time it was a chain of 335 sandwich ...
A franchise fee is a fee or charge that one party, the franchisee, pays another party, the franchisor, for the right to enter in a franchise agreement. Generally by paying the franchise fee a franchisee receives the rights to sell goods or services, under the franchisor's trademarks, as well as access to the franchisor's business processes.
Smoothie King Franchises Inc. (doing business as Smoothie King) [1] is an American privately held company that operates a chain of retail stores that specialize in selling smoothies. Founded in 1973, the company was bought by a South Korean franchisee in 2012. In the late 2010s, the company was focusing on whole and unmodified ingredients.
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
The city of Des Moines should impose a 2.5% franchise fee on utility bills to give DART some stability for the next couple of years. And the next hard look at DART’s future must be the most ...
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