Is
Nekter Juice Bar
a franchise?
How many
Nekter Juice Bar
franchises
are there?
What are the
Nekter Juice Bar
franchise
fees?
Initial Franchise Fee ($35,000 - $130,000)
The Initial Franchise Fee for your first Store is $35,000. For your second Store, the fee is $30,000. For your third or subsequent Store, the fee is $25,000. The fee is fully earned upon payment and is non-refundable.
Royalty Fee (6% of Gross Sales)
Franchisees are required to pay a nonrefundable royalty fee equal to 6% of Gross Sales for the right to use the System and Trademarks.
Advertising Fee (4% of Gross Sales)
Franchisees are obligated to contribute 2% of Gross Sales towards marketing efforts. Additionally, franchisees must spend a minimum of 2% of Gross Sales on local advertising efforts.
Renewal Fee ($5,000)
This fee is applicable upon the renewal of the franchise agreement.
Transfer Fee (Varies)
Fees vary depending on the nature of the transfer. For instance, transferring a controlling interest to an existing franchisee requires 50% of the then-current initial franchise fee plus reimbursement of the franchisor's costs.
Relocation Fee (50% of Initial Franchise Fee)
This fee is charged if the franchisee wishes to relocate their store.
Minimum Grand Opening Expenditure ($8,000)
Franchisees are required to spend a minimum of $8,000 on grand opening marketing and promotional activities.
Minimum New Owner Marketing Expenditure ($5,000)
New franchise owners must spend a minimum of $5,000 on marketing activities.
Note: The fees presented here can be found in the Item 5 of the Franchise Disclosure Document. For a complete list of all the fees borne by the franchisee, please consult the Franchise Disclosure Document.
How much does
it cost
to start a
Nekter Juice Bar
franchise?
Nékter Juice Bar, a beacon of health and wellness, offers a refreshing take on the traditional juice bar experience. With a commitment to transparency, freshness, and simplicity, Nékter has carved a niche for itself in the realm of clean and nutritious eating.
For those aspiring to be a part of this rejuvenating journey, the opportunity to open a Nékter Juice Bar is both promising and fulfilling. The total estimated initial investment for this venture ranges from $226,000 to $684,600, encompassing costs such as the initial franchise fee, real estate, construction, and more.
For a comprehensive breakdown of the financial commitments and a detailed insight into the costs associated with opening a Nékter Juice Bar, please refer to the table provided below.
Here’s the full breakdown of costs:
Note: The table above provides a snapshot of the main costs associated with starting the most common franchise format (as disclosed in the Item 7 of the Franchise Disclosure Document). For a complete overview of all the expenses involved with the various formats offered by the franchisor, please consult the Franchise Disclosure Document.
Does
Nekter Juice Bar
provide
training
to its
franchisees?
Nekter Juice Bar provides a structured initial training program for franchisees and their management personnel.
Training Program: Nekter Juice Bar provides an initial training program for franchisees. This program is mandatory for up to three individuals, which must include the Designated Principal, and if applicable, the district manager.
It can also include the general manager. The Designated Principal must attend and successfully complete this training.
Training Content: The training program covers topics like operations, guest service, product knowledge, management, marketing, facilities, IT, supply chain, and financial aspects.
Duration and Location: The initial training program lasts for three weeks, consisting of 111 hours of training. Approximately three days of this training are conducted in a classroom setting, while the rest is on-site store training.
Expenses: The cost of the initial training program is included in the initial franchise fee. However, franchisees are responsible for all other expenses related to the training.
Does
Nekter Juice Bar
provides
territory
protection?
Franchisees will not receive an exclusive territory. They may face competition from other franchisees, from outlets that the franchisor owns, or from other channels of distribution or competitive brands controlled by the franchisor.
However, when the Store location is identified, the franchisor and the franchisee will mutually agree on a "Designated Area." This Designated Area will be described in terms of identifiable boundaries, such as ZIP Codes, streets, county lines, rivers, etc.
During the franchise term, while there is no exclusive territory, the franchisor generally will not operate, or grant anyone else the right to operate, a Store under the trademark NEKTER JUICE BAR within the franchisee's Designated Area, provided the franchisee remains in compliance with their agreement.
Can a
Nekter Juice Bar
franchise
be run as
a passive
investment?
Franchisees are expected to actively oversee their franchised business operations.
If a franchisee or their Principal Owner, who owns at least a 10% ownership interest, does not plan to manage the business full-time, they are required to employ a full-time general manager. This manager must have successfully completed Nékter Juice Bar's initial training program.
The Designated Principal, who must have successfully completed the training, can also act as the general manager but is not obligated to do so. If there's a change in the general manager, a replacement must be designated within 30 days and must complete the required training before taking on the role.
