Industry Analysis & Industry Trends
Energy boost
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
In general, the barriers to entering the Juice and Smoothie Bars industry are low. For those wishing to open a franchise, barriers to entry mainly consist of meeting the franchisor's capital and liquidity requirements. These costs usually total in the hundreds of thousands of dollars and are not considered prohibitive in terms of business capital. The barriers to entry increase exponentially for firms that wish to start their own franchising chain, since the number of company-owned locations among larger companies has been steadily declining. Also, new entrants into the franchising game will have to compete with the established brands and name recognition enjoyed by industry leaders like Jamba Juice and Smoothie King... purchase to read more