Opening a new business from scratch is stressful and challenging when you don’t know how and where to begin. Fortunately, an opportunity where most of the work is done for you makes your journey towards establishing and running a successful venture easier. And that opportunity is running a franchise business. For example, when opening a juice bar franchise, your new business will have established services and products from which the parent company develops and establishes a viable business system for you. 

As a result, everything you need to succeed will have already been ironed out. And this makes it effortless to figure out new strategies to beat the competition and expand. However, for your juice bar franchise to attain the success and reputation you want, you still need to understand the franchise cost better to help you map how to reach your goals and objectives. So, let’s examine how much you need to open and run a successful juice bar franchise.

The Average and Estimated Cost of Opening a Juice Bar Franchise

Many factors influence the cost of opening a juice bar franchise, including the menu, size of the business, and location. But on average, expect to spend between four-hundred thousand dollars when buying the franchise opportunity and its space. Or around two hundred thousand dollars when buying the opportunity and renting the space. 

Also, the amount of money you spend when renting and buying the entire franchise depends on the success of the parent company and the availability of customers. For example, renting a location with a famous juice cafe can be more expensive than starting the same venture elsewhere without a previously known juice business. 

A place with an established business demands establishing yours by utilizing better marketing strategies and offering better services than others. Ultimately, investing in the additional requirements increases the initial investment expenses, making it expensive. 

On the other hand, a place without a previously established juice bar requires the products, space, and support staff without worrying about the competition, which is cheaper than its alternative.

Factors Affecting the Cost of Opening and Running a Juice Bar Franchise       

Whether you’re opening a large or small juice bar franchise, the following factors influence the cost of starting and running your business.

Location                                                                                                  

Location is the positioning of your juice bar business, and a successful one requires a busy site. You could open at a busy market or a college or university junction. Or you could start and run your juice bar business in a major city or a place with a large population.

On top of that, if the reason for opening your juice bar is to offer customers fast breakfast or lunch options, your ideal location could be in plazas or on streets surrounded by offices. And whichever area you settle for, renting is cheaper than buying the entire franchise. 

But if you have enough money, purchasing the whole venture is advantageous since you’ll not need to pay the required monthly expenses. This way, you could save enough for marketing and focus on improving productivity.

Utilities

Your juice bar will require utilities such as water, electricity, and gas. And the money you spend on these utilities varies when you buy or rent the franchise. If you purchase and own the franchise, you could pay more than when you rent it.

Or, if the rent doesn’t count the available utilities, you’ll likely spend more since you will also have to pay for them. But whichever your decision, the average amount you can expect to spend on utility ranges from six thousand dollars or less per month.

The Competition

Perhaps, competition is among the most vital factors determining the initial cost of opening a juice bar franchise. If there are not many juice bar cafes around or within short miles, the potential of spending less money is high. 

On the other hand, a place with lots of juice bars demands investing in marketing campaigns and offering better services to help beat the competition, and this makes it more expensive than where there are no other juice bars.

The Types of Juices Sold

For your juice bar business to garner many customers, consider the types of juices most people consume. It could be cold juices or those made from particular fruits. For example, if your juice bar is along busy streets targeting employees, you could sell any juice. 

But for school kids, fruits like mangoes and oranges could quickly sell a lot. And remember, the type of fruits you blend determines how much you will spend daily.