With healthy lifestyles being on the rise, we’re seeing more and more health food (and drink) stores popping up all over the U.S.
Wouldn’t it be a wonderful time to think about building up your own healthy food/drink establishment?
But wait.
How could you make this even better?
Franchising, of course!
Franchise opportunities are also on the rise, and you have an amazing opportunity right here with Nekter Juice Bar.
You’ll have the opportunity to check out some important details about franchising this business and what it exactly entails. You will also be able to decide if this is a right fit for you personally, or if you would rather turn towards another route.
While franchising is an incredible opportunity for entrepreneurs looking to build a business that already has a standing reputation, it can also be challenging and stressful.
Remember, you are taking on the responsibility of someone else’s brand. Someone’s business that they built from the ground up. And now they are trusting others, such as yourself, to continue the tradition of their business and take it even further.
So now that we got that out of the way, let’s dive deep into what this franchise opportunity and see what it looks like.
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The Nekter Juice Bar Establishment
Healthy doesn’t always have to taste horrid. In fact, the people at Nekter Juice Bar believe that healthy food and drinks should be fun and tasty.
Their ingredients are always natural and never processed or artificial. They claim their entire menu will taste as good as it will make you feel.
In fact, everything honestly looks quite appetizing and beautiful. The colors are bright and the ingredients are just as mother nature intended; all natural.
The company takes pride in providing the neighborhood with an establishment that will give excellent service and quality products. They provide the community with positivism and healthy choices for everyone.
And that’s what I would consider a great business.
One that would make you proud to be a part of.
One that would make you feel like you are giving back to the community.
And one that would help you stay fit and healthy in the process.
While we are talking about the possibility of Nekter Juice Bar becoming your new franchise business, why don’t we get into the major details of how it all goes down and what you need to do to get started?
Franchise Outlet Information and Details
There are quite a few factors to consider when deciding on which franchise business you want to open.
You want to find out how many outlets are currently running, what the growth has been over the years, the turnover rate, and the type of financial transparency that the company provides.
When it comes to the growth of Nekter Juice Bar, they have had a decent number in the last few years. In 2010 the number of franchise outlets that were open was only 2, whereas, in 2017, that number rose to 51 outlets.
So it’s safe to say with the addition of 49 outlets, Nekter Juice Bar became a more popular establishment within those 7 years. However, whether or not the growth will continue to rise, stay the same, or decrease is a mystery.
Next, we’ll take a look at the turnover rate for the franchise opportunity. Why is the turnover rate so important? Well, it’s low, that could be a great thing.
Because the turnover rate is determined by the total number of transfers, terminations, and closings divided by the number of currently running outlets.
This number tells us how often franchises were closed down, most likely due to the franchise not making enough money. As for Nekter Juice Bar, their turnover rate is at 9.5. Which is low but not low enough to feel extremely confident in it.
You want to ask the company specifics for this turnover rate. Such as how many of those were from non-renewals. That could make a huge difference.
Whereas if there were more terminations, that could mean the business didn’t go smoothly for the franchisee.
The next important topic that you want to check into with franchising is the financial transparency of the company.
When you are running a franchise, it’s pretty important to know the financial aspects of the company. It definitely helps out when you have more knowledge of the expenses and revenue status.
With Nekter Juice Bar, you should feel confident in knowing that they offer a medium level of financial transparency. Which means that they do provide details, but not as much as other companies might offer.
To be clear, the company provides data on detailed expenses and the average revenue of the company. Speaking of revenue and expenses, how about we get into the nitty-gritty details of the requirements for franchising the Nekter Juice Bar.
Requirements for the Opportunity
Now it’s time to get serious. If this franchise opportunity is weighing on your mind, I’m sure you’re starting to get curious about the requirements and how much you’re going to have to invest.
Well, listen up (or read on, in this case) because it’s about to get real!
To get started with Nekter Juice Bar, the franchising fee is $35,000. Which is about average in comparison to other establishments like it.
However, once all is said and done, you’ll be investing a total of between $210,000 and $470,000.
But it doesn’t end there.
Once you have paid your fees to get started, you are responsible for ongoing fees such as a royalty and advertising fee. For the royalty fee, it’s 6%.
As for the advertising fee, that will be 2%. Both of which are about the same as what the competitors require. You’ll also be required to sign into a 10-year initial agreement term.
After your initial term is over, you may then renew that agreement for 5 years or just decide to end it altogether.
There always comes a great deal of responsibility and dedication when franchising a business, but luckily, some companies don’t expect you to face it all alone. Nekter Juice Bar is one of those great establishments.
There are a series of training provided to you, which include in-class and on the job training.
The company also provides computer and tech support in case you need it. And although there are no refunds or financing available, Nekter Juice Bar does, in fact, give you territorial rights to the franchise outlet.
So overall, this opportunity has a lot of perks going for it.
The Decision is Yours
It’s time to come to a decision.
Though, not your final decision, of course.
This decision should be whether or not you want to contact the Nekter Juice Bar company and request information on the franchise opportunity.
The opportunity is one that will give you a great feeling of giving back to your community and helping individuals receive healthy and great tasting refreshments.
The company has never been involved in a lawsuit and their company is slowly rising to the top. If this sounds like something that you would be dying to get a piece of, don’t waste your time.
Start that new journey and rock that franchise!
How I Earn 6-Figures In Lead Generation Business & Why It’s Possible Versus Franchising Business In 2019
When I have to compare the two business models, it’s possible to earn 6-figures. The difference is how much work you put into one of these businesses and how much ROI or the Return of Investment you could get afterward.
Another hindrance, especially to an average Joe like I was before, is the huge amount of money I have to invest as an initial startup versus the hundreds of dollars in lead generation business.
The biggest advantage of a lead generation business is that it only takes a few hundred dollars instead of a $100,000 to as high as $950,000 (in some franchisors) required.
Not including the number of training, market research—expenses, location, and among others—one had to go through before the company grants the franchising authority.
Thus, I needed a scalable option that won’t give me hassles just like dealing with the physical goods, such as the daily inventory, dealing with suppliers, pressure from the franchising company, customer complaints, etc.
This is where the lead generation business comes into the picture. Besides, this assures me the long viability because the internet prevails in the long run. There will be more and more potential customers lurk on the web in search of products and services.
In fact, there are already 3.58 billion internet users around the world reaching roughly 4.68 billion users using mobile phones in 2019 and surpassing 5 billion in 2020.
The figures speak that every small business—just like those big companies’ marketing strategy—utilize the power of the internet to leverage the income and their time.
Yet, the problem is their knowledge limits on putting their websites without considering the fact it needs enough traffic to become visible in the eyes of their target market.
Given, I don’t think the small business owners have time to spend learning SEO and other technicalities involved in running a website just to make sure they rank well on the worldwide web.
To think there are around 1.5 billion various markets, with 30 registered and operating small businesses across the US, building lead gen sites to gather as many leads as possible makes sense than franchising.
Honestly, it takes more time to earn an income with the latter option. Apart from that, you don’t own a 100% of the business because you’re only borrowing the brand someone has made.
Whereas, in lead generation business, you earn the entire online asset and you own a 100% of the earning. One client can reach a minimum of $500 to as high as $2,000 average monthly payment for the leads you deliver to them.
If your lead gen sites perform best—generating a huge amount of leads per day, per month—these small businesses won’t have second thoughts paying you high.
And that’s a consistent payment. Or else, if they decide to discontinue, you can search for their competitor and deliver the leads to another company instead. That makes your online business and earning continuous.
This is how amazing our lead generation coaching program. If I haven’t attended the program, I wouldn’t be where I am now. I don’t think earning $50,000 per month is possible for me.
The worse thing is, I might have been stuck living in a small one bedroom apartment every day, driving my beat up Acura to drive to work. Perhaps, I would have to continue working 40+ per week with only $2,000 monthly salary.
When I began my online business in 2014—especially when I got my first $2,800 monthly income that year—I couldn’t wait to quit my job fast. Take a look at my first client 4 years ago.
I created a simple lead gen site for around 6 hours, including the hours I spent on ranking the site on Google search engine. Until now, I haven’t touched anything on it but I am earning a consistent $750 per month. In that site alone, I earned $36,000 ($9,000 annually).
Since the lead generation business promises 90 to 95% profit margin—the highest among other business models—it’s possible to earn $50,000 and $100,000 in the next two years.
Right now, I own 88 digital assets, all operating and generating many leads to my 45 clients all over the country. With my steady income, I was able to move to my lofty home in Detroit and work with ease by building more and more lead gen sites to boost my income.
The more lead gen sites I create, the faster my business grows.
If you decide to replicate my success, you can go and visit our lead generation coaching program and see your own future. Because you know what, your future lies in your hands. What we can promise you in this program is that:
- First, you can lean the high-income skill that makes you a Titan in the online marketing industry. You will learn this fundamental principle that’s paying the bills and bringing more and more customers.
- Second, you can get access to the exact blueprint we followed to earn 6- to 7-figure lead generation business. You will learn the exact process I followed by heart with hard work and determination.
The skill you’ll get in our program is not only applicable to the lead generation business alone. It also applies to other businesses or marketing industries.
Even if you invest in a franchising business, you can utilize the skill you learned from us by promoting your products as effective as possible.
Go here and visit our lead generation program to get started.