Industry Analysis & Industry Trends
A drop in disposable income and escalating competition depressed demand for industry products in the past five years. In particular, competition increased from fast-food chains and frozen yogurt shops, many of which recently added smoothies and juices to their menus. In response, small juice and smoothie bars have been franchising in order to consolidate marketing costs. Over the coming years, these trends are forecast to continue. To stay competitive and drive revenue growth, companies will expand offerings and look to markets overseas.... purchase to read more
Industry Report - Starting a New Business Chapter
The Juice and Smoothie Bars industry has minimal barriers to entry, with low establishment costs and no formidable licensing requirements. However, industry competition and market awareness can pose as a threat to potential entrants.
Operators that plan to enter this industry are not particularly constrained by the capital investment required to open a juice or smoothie bar. Potential operators seeking entry can lease premises and equipment, furniture and fittings, which lower initial capital costs, outlays and borrowings considerably. Entry can also occur through signing a franchise agreement, where costs are relatively cheaper than other food establishments... purchase to read more