Jamba Juice — Active member of the quick service restaurant (qsr) industry since 1991 Owning a Jamba Juice franchise can be a lucrative business, but it does have some initial financial requirements. If Jamba Juice, in its sole discretion, provides additional on-site training or assistance beyond the On-site NSO Support (at your request or because Jamba Juice determines additional assistance is necessary), you’re expected to pay Jamba Juice its then-current Additional On-site Support Fee, which is presently up to $500 per trainer per day, plus their travel and living expenses, including transportation, lodging, and meals. If you have decided to buy into the Jamba Juice Franchise, making money with Jamba Juice will depend on so many factors. If you sign multiple Franchise Agreements at the same time with a Multi-Unit Addendum to develop a set number of Stores, you’re expected to pay Jamba Juice all of the Initial Franchise Fees for all of the Stores that you commit to develop at the time you sign the Franchise Agreements with a Multi-Unit Addendum. 5 Steps to Franchise Jamba Juice with MGI. Jamba Juice is currently seeking qualified franchisees who are as passionate about the Jamba brand as we are. If Jamba Juice audits you and finds that you understated Net Sales by 2% or more, you’re expected to reimburse it all substantial expenses connected to the audit, review, or examination (including any substantial accounting and attorneys’ fees). Information Security and Compliance Fees: a substantial fee, which will vary based on the costs that Jamba Juice incurs, 30. Jamba Juice will provide its initial training program (“Initial Training Program”) to your Primary Contact, Manager, Director of Operations (if you operate or commit to develop four or more Stores), and any other individuals that Jamba Juice designates (the “Required Trainees”) at no charge. Back Office and Polling Software Fee: presently, estimated to be between $100 and $200 per month. Electronic Learning Management System: amount of fees. These new Jamba Juice partners will have a unique opportunity to be among the first to deploy the concept’s new store design, characterized by new technology, digital menu boards, modern colors and contemporary elements. Jamba Juice offers traditional, drive-thru, and non traditional models. Due Date: Before Jamba Juice signs relocation Franchise Agreement. 6. 29. How to Start Jamba Juice Franchise For Sale? But we’ve also focused on people. At the core of every Jamba franchise success story has been the deep-seeded desire to make a tastier and healthier tomorrow. In the training, you will be taught the day-to-day running of your 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. Read More ». Established in 1970, they’ve spent 50 years perfecting their systems and processes to give aspiring entrepreneurs and master plumbers, alike, an opportunity to run a business more smoothly than ever thought possible. Opening Assistance: $5,000 for on-site support; up to $500 per trainer per day for additional on-site support, plus the trainers’ travel and living expenses. Jamba Juice may require you to participate in the Jamba gift card program and any loyalty programs that Jamba Juice designates. Jamba Juice mandates that you use vendors to provide security services that are consistent with PCI-DSS requirements, including a managed firewall, quarterly network scan, anti-virus/anti-malware software, and managed Wi-Fi. Liquidated Damages: the average monthly amount of Royalty Fee that you owed Jamba Juice during the past 36 months, times the lesser of remainder of term of Franchise Agreement for 36 months, 43. Start your business! We do not require candidates to have restaurant experience. To buy a franchise with Jamba Juice, you'll need to have at least $125,000 in liquid capital and a minimum net worth of $350,000. Jamba Juice franchise fees total around $10,000, which beats out the $37,000 average for the 200 largest franchises nationwide. Initial Training: $500 per additional trainee. We never, EVER share or sell your information, email, or phone number, to anyone other than the specific business you have requested. Transaction fees estimated to be from 2.5% to 5.0% of transaction amounts. To buy a franchise with Jamba Juice, you'll need to have at least $125,000 in liquid capital and a minimum net worth of $350,000 . If Jamba Juice terminates your Franchise Agreement due to a health and safety default, you cure the default and want to be reinstated, and Jamba Juice agrees to reinstate your Franchise Agreement, you’re expected to pay Jamba Juice a reinstatement fee. You will determine the amount of funds you spend for individual local market advertising, subject to the minimum. Right from the beginning, we’ve been focused on creating premium, hand-crafted, flavorful blends at Jamba Juice. $ 50,000 Min.Cash Required. Advertising Cooperative Contribution: an amount set by your Advertising Cooperative, 8. Jamba Juice may charge you its costs, plus a substantial administrative fee. order now. For nearly 30 years, Jamba has led the way in making balanced options easier and more accessible by serving delicious, made-to-order smoothies, juices, and bowls. This Advertising Contribution will be deposited in a fund for the advertising and promotion of the Stores, the Proprietary Marks, and the System (the “Ad Fund”). If less than 36 months have passed since opening and termination, the amount will be the average monthly Royalty Fee during the time between opening and termination, times the lesser of the remainder of term of the Franchise Agreement or 36 months. Jamba Juice; Jamba Juice Company is an American restaurant retailer that is headquartered in Frisco, Texas. here is Jamba Juice Franchise Cost/fee/investment: $251,600 to $504,300, 100% profitable opportunity Failure to Comply With Standards or Law Fee: up to a $5,000 fee, plus Jamba Juice’s substantial expenses connected with any inspection, examination, or analysis of products, 42. The training will be held at Jamba’s certified training units which are located at different parts of the country. Available territories include: Colorado, Kansas, Nebraska, New Mexico, Oklahoma and Texas, as well as most of the eastern seaboard from New York down to Florida. Takes pride in owning their piece of the biggest brand of its kind. Jamba Juice may charge you this fee if you fail to provide it with a signed copy of any lease or a modification, amendment, or renewal of a lease within 15 days after its execution. Do you want to start a smoothie bar by buying Jamba Juice franchise? The initial Jamba Juice franchise fee is $25,000 per unit. Ordering Support Fee: a substantial fee, which will vary based on the services provided, 34. Network Security Service: $45 per month, 36. Any interests that result in a change in control of your entity. A reasonable fee, … Ever. You also must participate in promotional programs your Advertising Cooperative establishes. Initial Franchise Fee: $35,000. But we’ve also focused on people. Renewal Fee: 10% of the then-current Initial Franchise Fee, 25. Please scroll down to see some of our most popular franchises. Becoming a Jamba Juice franchisee requires a minimum liquid capital of $350,000 in the form of cash, or securities that can be quickly converted to cash. 50% of the then-current initial franchise fee if it is a control transfer; if it is a transfer to a related party or a non-control transfer, 10% of the then-current initial franchise fee. 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. So if you want to open a Jamba Juice store, then this is how much it will cost you. 18. Find franchise costs and request free info on Jamba Juice and hundreds of other franchises for sale on BizQuest. Name of Fee Cost; Initial Franchise Fee: $35,000 : Background/Credit Check: $100: Real Estate and Leasehold Improvements and Related Construction … You’re expected to pay this fee only if the termination occurs after the opening date of your Store and you are not insolvent at the time of termination. If you ask Jamba Juice to provide additional support in adapting its standard plans to your Store, it may charge you a substantial support fee. However, your total investment can be anywhere from $110,000 to $520,800. At Jamba, we’re known for high quality, convenient and flavorful blends that are made with real ingredients: whole fruits, vegetables, no artificial flavors or preservatives, and no high fructose corn syrup. In every Jamba Juice Store, you’re expected to pay an initial franchise fee of $35,000 when you sign your Franchise Agreement. Conference/Program Fee: a substantial fee, which will vary by program, 16. Additional Support/Consulting Fee: a substantial fee, presently up to $500 per day, plus travel and living expenses, including transportation, lodging, and meals, 15. Health Food industries is currently valued at $1 Trillion. Jamba Juice offers you online access to its standard schematic designs, decor, and layout plans. Jamba Juice estimates the cost will be $300 per Store per year. 10% of the then-current initial franchise fee. The initial investment ranges from $238,600-$504,300. Purchasing Program Fee: substantial membership fees assessed by the Purchasing Program, 32. Jamba Juice may, in its sole discretion, charge you the Lease Renewal/Extension fee. Jamba Juice is currently seeking qualified franchisees who are as passionate about the Jamba brand as we are. Every members of an Advertising Cooperative, whether a franchisee-owned, company-owned, or affiliate-owned Store, have voting rights on matters brought before the Advertising Cooperative for a vote, including matters relating to the amount of the required Advertising Cooperative contribution. Start your business! He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. How Much Does It Cost to Open a Red Mango Franchise? Add To Request Info Basket. De-identification Fee: Jamba Juice’s actual costs, plus interest and an administrative fee equal to 15% of Jamba Juice’s actual costs. Transfer Fee: 50% of the then-current Initial Franchise Fee if it is a Control Transfer; if it is a transfer to a related party or a non-Control Transfer, 10% of the then-current Initial Franchise Fee, 24. Jamba Juice is an iconic brand. You also agree to our Privacy Policy & Terms of Use. Updated July 28, 2020. Real Property Management. Initial Franchise Fee: $35,000 Total Investment: $290,450 to $560,500 Working Capital: $15,000 to $45,000 Royalty Fee: 6.0% Jamba Juice estimates that the typical audit costs would be approximately $1,000 to $4,000. What does a Jamba Juice Franchise Cost? Copyright © 2021 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Gift Card and Loyalty Program Fees: amount of fees, 31. The Initial Franchise Fee becomes due and payable upon execution of the Franchise Agreement. Payable to Jamba Juice or a vendor that Jamba Juice designates. The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. They also offer financing via 3rd party. EFT NSF Fee: Jamba Juice’s out-of-pocket costs and an administrative fee, 11. Following a $200 million sale to FOCUS Brands in the fall of 2018, nearly 30-year-old Jamba Juice decided to refresh its image across the board – and even change its name. Interest: 5% per month or maximum legal interest rate, 12. Jamba, Inc. through its wholly-owned subsidiary, Jamba Juice Company, is a global healthy lifestyle brand that inspires and simplifies healthful living through freshly blended whole fruit and vegetable smoothies, bowls, juices, cold-pressed shots, boosts, snacks, and meal replacements. Franchisees can expect to make a total investment of $236,100 - $501,800. The ideal Jamba Juice franchise candidate is: To get more information on Jamba Juice, please call Julie Goldberg directly at (480) 227-4277. Amounts you contribute to an Advertising Cooperative will be credited toward your required Local Marketing Obligation. If Jamba Juice becomes a party to a proceeding on an agreement between Jamba Juice and you, and it wins, or if Jamba Juice becomes a party to litigation or insolvency proceedings for your franchise, then you’re expected to pay Jamba Juice’s substantial attorneys’ fees and court costs. No spam, just good, helpful information for aspiring entrepreneurs. As a franchise opportunity, Planet Smoothie is a low-cost investment and offers an established, simple-to-run business model and exceptional ongoing support from Kahala Brands, one of the largest franchisors in the world. Sublease fee is to compensate Jamba Juice for its administrative expenses and is in addition to any fees under the sublease such as rent, insurance, public utility charges, late fees, alterations, and improvements. 28. Credit Card Fees: equipment costs and set up fees estimated to be up to $1,000 per terminal. You’re expected to provide Jamba Juice, for its review and approval, a copy of any proposed lease extension/renewal for your Store provided such extension/renewal is for a period of one year or more. Training Cancellation Fee: Jamba Juice’s out-of-pocket costs. In June 2019, the company announced that it will now go by just “Jamba,” accompani… This is for a traditional unit. Franchisees can expect to make a total investment of $236,100 - $501,800 . Jamba’s blends are made with premium ingredients free of artificial flavors and preservatives. Initial investments: $238,600 - $504,300 Jamba Juice expects these fees to range from $0 to $2,500. Payable only when you fail to maintain required insurance coverage and Jamba Juice elects to obtain coverage for you. For your first Store opening, you’re expected to pay Jamba Juice a non-refundable fee of $5,000 for on-site support Jamba Juice will provide to assist you with the opening and initial operations of your Store. At Jamba, we’re known for high quality, convenient and flavorful blends that are made with real ingredients: whole fruits, vegetables, no artificial flavors or preservatives, and no high fructose corn syrup. Design Support: substantial support fee, 3. Residential Property Management has become one of the fastest growing industries in the country. Jamba Juice is an iconic brand. Online Ordering (Dispatch Delivery Order): $0.50 per order, 35. We have grown to 900+ successful locations by partnering with like-minded entrepreneurs who are driven to spend their days building a business that truly helps the people in their communities live a healthier and happier lifestyle. We have broken down and explained everything you need to start your franchise and invest in a new career path. What are the financial requirements for becoming a Jamba Juice franchisee? stay connected This website processes information about your visit using cookies to improve your website experience and to offer advertising tailored to your interests. For the first time, Jamba Juice is offering single store opportunities in addition to multi-unit opportunities. Jamba Juice Franchise Review By Robert Edwards Here at Franchise City we get a lot of calls from clients asking if the Jamba Juice Franchise is a good investment. Receive a personalized report of exciting new franchise opportunities to your inbox each week. Late Fee for Reports, Financial Statements, or Tax Returns: $100 per day for any report, statement, or return that is late, 14. Once you fail to make the minimum advertising expenditures, Jamba Juice may do so on your behalf and you’re expected to reimburse Jamba Juice for its expenses. How much does a Jamba Juice franchise cost? Start your business! Here at Franchise City we get a lot of calls from clients asking if the Jamba Juice Franchise is a good investment. Aside the new store design, franchise owners are also encouraged to consider Jamba Juice’s new drive-thru format, which creates greater accessibility and convenience. This fee is in addition to interest on the amount due. To open a single fruit drink-related fast food location, the company requires that potential franchisees have liquid assets of at least $150,000. I prefer not to provide my Available Cash to Invest, but I do have access to the Minimum Cash Required for the franchises I am inquiring about. Rent: depends on the location and size of the space being leased; Jamba Juice estimates rent will range from $4,500 to $20,000 per month. Possesses a strong business management background. Be Proud of Your Product: We collaborate with our Franchise Owners and our consumers, then blend and test repeatedly. Jamba Juice has spent the last couple of years building a Franchise Support Center who are true experts in each of their respective fields to better support for our Franchise Owners. If you relocate to a new site and extend the term based on your new lease, you’re expected to pay both the Relocation Fee and Lease Renewal/Extension Assistance Fee. Promotions: costs to purchase, lease, and install all materials necessary for promotional campaigns, including counter cards, posters, banners, signs, photographs, give-away items, loyalty cards, and gift cards. You don’t need to consent as a condition of any purchase, and you can revoke consent at any time. Payable to Jamba Juice if you transfer any interest in your Franchise Agreement or Store.

What Time Is The Great Conjunction 2020, Margaret Holmes Recipes, Animania Apk Latest Update, Lebanese Arabic Vs Standard Arabic, Two Acute Angles Are Congruent True Or False, Easy Season 3 Parents Guide, Nurse Practitioner Card, A Pair Of Silk Stockings Questions Pdf,