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Starting a Jamba Juice franchise requires time, money, business knowledge, and dedication. Prospective franchisees must fill out an application, submit financial information, and interview with company executives. The company requires franchisees to commit to opening several units over a five-year period and has guidelines for store placement.
The decision to start a Jamba Juice franchise should not be taken lightly. It takes time, money, business knowledge and dedication to start a Jamba Juice franchise and be successful. In general, the Jamba Juice company requires franchisees to commit to opening several units over a five-year period. Before giving permission to even open the first Jamba Juice unit, prospective franchisees must fill out an application form from the company, submit an application, and interview company executives.
To start a Jamba Juice franchise, the prospective franchisee must fill out an online form called an Information Request. The form asks general questions, such as name, address and phone number, but also asks some specific financial questions. For example, prospective franchisees should state how much money they have available to invest in the franchise, what their net worth is, whether they have any business, restaurant or retail experience, and where they prefer to open their Jamba Juice units. Once the company reviews the responses submitted on the form, it decides if the person is a good candidate to start a Jamba Juice franchise.
Next, the prospective affiliate will submit a more detailed package of application materials. Additional financial information and evidence of equity and liquid assets will be released at this time. Then, interviews with company executives will be arranged. Executives can also visit potential franchisee’s companies that already exist. They can check pre-existing businesses to see how they are run and if the person can make sound business decisions.
Hopefully, the prospective franchisee will be invited to find out how Jamba Juice franchise units are supported. At that time, they will learn how the business works, how marketing works for the business, and other business details. The information can be useful in helping people learn how to start and run their own Jamba Juice franchise.
Once an approval letter is sent to the individual from the company executives, the only thing left is signing the company franchise agreement and paying the commissions. Typically, there will be a franchise development fee, royalty fee, and marketing fee. The upfront franchise fee is a one-time flat fee, where royalty and marketing fees are offset by a percentage of the money the franchisee earns.
A Jamba Juice unit cannot be placed anywhere. The company has guidelines that must be followed. For example, stores must be of a certain size, have visibility, have ample parking, and be in a location approved by corporate executives. Demographics, location, and stake are also important factors to consider before selecting a location for a Jamba Juice franchise. Additionally, a Jamba Juice franchise can be opened in North America, Europe, Asia, South America, and the Middle East, subject to approval by corporate executives.
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