National fast-food brand lands second straight win as ‘Most Lender-Friendly Restaurant Franchise’
LA VEGAS, March 31, 2022 /PRNewswire/ — For the second consecutive year, Tropical Smoothie Coffee won the FRANdata TopScore FUND Award in the food category. The 2022 award was announced today at the Multi-Unit Franchising Conference in Las Vegas.
FRANdata annually awards the TopScore FUND award to a food brand and a non-food brand with a top tier FUND score – a franchise credit risk score that assesses 12 credit risk categories such as franchise success rates, profitability of franchise units and support for franchisees – and which consistently demonstrates its commitment to supporting franchisees’ access to financing. Tropical Smoothie Cafe has a score of 910, the highest score in any category.
“Tropical Smoothie is a mature brand that continues to grow its national footprint with its franchisees. Their FUND score demonstrates an ability to provide their franchisees with one of the strongest performances in the franchise industry while providing the support necessary financial resources to succeed in such a competitive environment,” said Darrell JohnsonCEO of FRANdata.
The brand recently marked its 10th consecutive year of positive same-store sales growth and opened 133 new franchise cafes in 2021. Additionally, Tropical Smoothie Cafe ranked in the top 10 of the Entrepreneur’s Franchise 500®.
“We are deeply committed to helping our franchisees achieve maximum success by providing innovation, enhanced technology, operational, development and financing support, and more,” said the CEO of Tropical Smoothie Café, LLC. Charles Watson. “Our passionate and committed franchisees are undoubtedly the heart of our brand, and winning the TopScore FUND award two years in a row is a testament to our unwavering support for them. We are honored.”
For more information on the FRANdata TopScore awards, please visit https://www.frandata.com/fund-topscore-award.
About Tropical Smoothie Cafe®️
Tropical Smoothie Cafe is a national fast-casual cafe concept inspiring a healthier lifestyle with over 1,040 locations nationwide. Serving better-for-you smoothies, wraps, sandwiches, salads and flatbreads, Tropical Smoothie Cafe also features enhanced app technology and enhanced mobile ordering capabilities to further elevate the digital and on-site dining experience. and underscore the brand’s focus on convenience. The national franchise has received numerous accolades, including Entrepreneur’s Franchise 500, Forbes’ Best Franchises, and Franchise Times’ Fast & Serious list, as well as Franchise Times’ Top 200+. Notably, the franchise has also been recognized in Fast Casual’s Top 100 Movers and Shakers, Nation’s Restaurant News‘ Top 200 and Top 10 Fastest Growing Chains, and Restaurant Business’ America’s Favorite Chains.
Applicants interested in becoming a Tropical Smoothie Cafe franchisee must have business experience as well as a minimum net worth of $350,000including $125,000 in cash. Applicants who meet these preliminary qualifications will be required to make an initial investment ranging from $257,500 for $560,500. For more franchise information, please visit https://www.tropicalsmoothiefranchise.com/
FRANdata is a leading franchise-focused research and advisory company. Leveraging the largest database of franchise information to date and over 30 years of experience analyzing the franchise market, FRANdata creates targeted business development strategies and actionable solutions. that provide their clients with the information they need to understand risks, measure opportunities and improve performance. FRANdata is the creator of the FUND (Franchise Credit Scoring) report, which lenders with over $1 trillion in assets rely on to assess their franchise’s credit risk. For more information, visitwww.frandata.com.
SOURCE Tropical Smoothie Coffee