In this exclusive Franchise Chatter FDD Talk post, you’ll learn the following:
Section I – Estimated initial investment (franchise costs) for a Nékter Juice Bar franchise, based on Item 7 of the company’s 2024 FDD
Section II – Initial franchise fee, royalty fee, and marketing fee for a Nékter Juice Bar franchise, based on Items 5 and 6 of the company’s 2024 FDD
Section III – Number of franchised and company-owned Nékter Juice Bar outlets at the start of the year and the end of the year for 2021, 2022, and 2023, based on Item 20 of the company’s 2024 FDD
Section IV – News updates on the Nékter Juice Bar franchise opportunity
Section V – Presentation and analysis of Nékter Juice Bar’s financial performance representations (average revenues and/or profits), based on Item 19 of the company’s 2024 FDD, including information on the:
- 2023 average, median, highest, and lowest gross sales, by quartile, for the 121 Nékter Juice Bar franchise locations that have been open and operating for at least one full calendar year without any transfers of controlling interest and are a typical Nékter Juice Bar franchised location
Section VI – Key ratios, comparables, computations, and analyses for the Nékter Juice Bar franchise opportunity (exclusive content for Platinum subscribers)
Section I – Nékter Juice Bar Franchise Costs
- Initial Franchise Fee; Development Fee: $35,000 to $80,000
- Real Estate and Rent – 3 Months: $10,000 to $45,000
- Real Estate Construction and Improvements: $95,660 to $294,500
- Architect: $9,750 to $16,000
- Mill Work: $15,000 to $20,000
- Fixtures and Furnishings: $2,640 to $20,750
- Equipment: $33,585 to $51,858
- Signage: $5,443 to $18,130
- POS, Security System, Music, Phones, Gift Card and Loyalty Programs, and Computer Systems: $4,700 to $10,000
- Miscellaneous Opening Costs: $500 to $1,000
- Opening Inventory: $8,000 to $12,000
- Uniforms: $300 to $600
- Training: $2,500 to $5,000
- Grand Opening Marketing: $8,000 to $10,000
- Utilities: $2,500 to $4,000
- Professional Fees: $2,500 to $6,000
- Insurance – 3 Months: $500 to $1,000
- Additional Funds – 3 Months: $10,000 to $45,000
- Total Estimated Nékter Juice Bar Franchise Costs: $246,578 to $640,838
Section II – Nékter Juice Bar’s Initial Franchise Fee, Royalty Fee, and Marketing Fee
- Initial Franchise Fee: $25,000 to $35,000
- Royalty Fee: 6% of Gross Sales
- Marketing Fee: 2% of Gross Sales
- Local Marketing Expenditure: 2% of Gross Sales
Section III – Number of Franchised and Company-Owned Nékter Juice Bar Outlets
Franchised
2021
- Outlets at the Start of the Year: 114
- Outlets at the End of the Year: 127
- Net Change: +13
2022
- Outlets at the Start of the Year: 127
- Outlets at the End of the Year: 145
- Net Change: +18
2023
- Outlets at the Start of the Year: 145
- Outlets at the End of the Year: 162
- Net Change: +17
Company-Owned
2021
- Outlets at the Start of the Year: 33
- Outlets at the End of the Year: 31
- Net Change: -2
2022
- Outlets at the Start of the Year: 31
- Outlets at the End of the Year: 31
- Net Change: 0
2023
- Outlets at the Start of the Year: 31
- Outlets at the End of the Year: 31
- Net Change: 0
Section IV – News Updates on the Nékter Juice Bar Franchise
Section V – Financial Performance Representations (Average Revenues and/or Profits) for the Nékter Juice Bar Franchise (Item 19, 2024 FDD)
- There were a total of 145 Nékter Juice Bar Stores owned and operated by franchisees as of January 1, 2023. Of these 145, 121 franchise locations have been open and operating for at least one full calendar year without any transfers of controlling interest and are a typical Nékter Juice Bar franchised location. Those 121 franchise locations are the ones included in the averages in the chart below.
- Also, the 28 Stores that opened for business in 2023 and the 11 Stores that closed in 2023 are not included in the chart below as they were not in operation for the full 2023 calendar year.
Franchised Store Gross Sale Averages and Medians Per Quartile (2023)
Quartile 1
- Average Gross Sales: $866,865
- Median Gross Sales: $792,470
- Total Stores in Quartile: 30
- Number and Percent That Met or Exceeded Average: 10 / 33%
- Lowest Gross Sales: $688,345
- Highest Gross Sales: $1,800,319
Quartile 2
- Average Gross Sales: $617,370
- Median Gross Sales: $619,525
- Total Stores in Quartile: 30
- Number and Percent That Met or Exceeded Average: 17 / 57%
- Lowest Gross Sales: $572,474
- Highest Gross Sales: $685,630
Quartile 3
- Average Gross Sales: $514,693
- Median Gross Sales: $517,165
- Total Stores in Quartile: 30
- Number and Percent That Met or Exceeded Average: 16 / 53%
- Lowest Gross Sales: $453,150
- Highest Gross Sales: $569,910
Quartile 4
- Average Gross Sales: $375,974
- Median Gross Sales: $386,880
- Total Stores in Quartile: 31
- Number and Percent That Met or Exceeded Average: 19 / 61%
- Lowest Gross Sales: $178,112
- Highest Gross Sales: $444,903
Total
- Average Gross Sales: $591,926
- Lowest Gross Sales: $178,112
- Highest Gross Sales: $1,800,319
- Some Stores have sold this amount. Your individual results may differ. There is no assurance that you will sell as much.
- Gross Sales for franchised Stores are those calculated in accordance with the definition included in each respective franchisee’s Disclosure Document and Franchise Agreement, which are the same or similar to the definition in the current Disclosure Document. The Gross Sales amounts needed for the above calculations were derived from Nékter Juice Bar’s point-of-sale system and online sales orders.
- The financial information is taken from unaudited financial information provided to Nékter Juice Bar by its franchisees and online ordering service providers. It has not been independently audited.
Section VI – Nékter Juice Bar Franchise Ratios, Comparables, Computations, and Analyses (Exclusive Content for Platinum Subscribers) ⬇️
To Access the Rest of This Article and Other Premium, Income-Enhancing Content, Subscribe Now or Log In.
Gain the Insider Information (and Actual Earnings Data) You Need to Make a Safe and Smart Franchise Investment. Click Here to Learn More.
Gain
the Insider Information (and Actual Earnings Data) You Need to Make a
Safe and Smart Franchise Investment – See more at:
https://www.franchisechatter.com/register/#sthash.le7wKJKM.dpuf
Franchise Chatter is reader-supported. We may receive a commission for leads generated from affiliate links and banners on our site.