Franchising since: 1991. While we understand the importance of both health and flavor, we also understand the importance of what business means to you. Unfortunately, customer service has been noted as a threat, but you should realize that this is a room for improvement that you can take advantage of. You can find this Brazilian dish in many food establishments islandwide, including Orchard, Holland Village, and Tanjong Pagar. Prep Time 10 minutes. Let existing customers redeem 2 Acai bowls if they bring along a friend and also if they make a social media post about this with one of our hashtags. Performs cash management, general ledger accounting, and financial reporting, Responsible for developing and managing financial systems and policies, Ensuring compliance with taxation legislation, Handles all financial transactions for the organization, Serves as internal auditor for the organization, Prepares different types of acai bowls as requested by customers, Prepares different types of smoothie and juice as requested by customers, Handle any other duty as assigned by the bar manager, Any other duty as assigned by the sales and marketing executive and bar manager, Ensures that customers feel relaxed and at home, Assess customers needs and preferences and make recommendations. We are quite aware that our customers are key component to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better. Acai is referred to as a superfood, filled with antioxidants that originated from Brazil. The berries contain a large seed that takes up about 80 percent of the fruit, but the edible flesh and skin are loaded with vitamins and nutrients. Our companys corporate culture is designed to drive our business to greater heights and training and re training of our workforce is at the top burner. In order to plug financial leakages, the management of Carlos Jose, Acai Bowl Bar, Inc. adopt the use of payment machine and accounting software to run the business. Black, its founder is a leader of the movement that connects such brands like . Once you know your costs, you can use this Step By Step profit margin calculator to determine your mark-up and final price points. Two of the most important aspects will be the location of your business and the marketing plan you have to start making money quickly. Generous profit margin - As previously discussed, The gross revenue and profit of Playa Bowls is greater than the total investment that you make to operate its franchise . Includes the necessary information to perform SWOT, PEST and STEER analysis. It is for information purposes only. Total Current Assets / Total Current Liabilities. IBISWorld provides research covering hundreds of similar industries, including: Purchase this report or a membership to unlock the average company profit margin for this industry. "Holy wow so freakin' good!!! It tastes like a mix of strawberries, blueberries and a hint of chocolate. On the other hand, if you operate a mobile bar, then there wont be any restriction to the places you can sell your acai bowls just like the conventional food truck business. Install our Billboards in strategic locations all around major cities in the United States of America, Engage in roadshow from time to time in targeted communities, Distribute our fliers and handbills in target areas. In 2020, one of the Playa Bowl franchises earned up to $3,650,000. The best part about acai bowls is that you can eat them literally anytime. Its an incredible acai bowl franchise with equally incredible healthy food franchise profit margins. (Cost + Fees). leading the development and implementation of the overall organizations strategy. As a Bowl of Heaven franchisee, you will operate a retail restaurant in a defined territory providing Acai bowls, exotic juice blend smoothies, bread, specified condiments and ingredients, other food, beverages . When you invest your money into a franchise like Rush Bowls, youre investing into a proven concept. Part of the plans we have in place to sustain Carlos Jose, Acai Bowl Bar, Inc. is to ensure that we continue to make available a wide range of acai bowl berries, smoothies and juices, deliver quality services, and improvise on how to do things faster and cheaper. You will make a 2% local brand marketing contribution, pay a $39,000 franchise fee and will have a 6% royalty fee. Slice your banana and transfer it to a small baking sheet or plate lined with parchment paper. It excludes assets held for rental purposes. This ratio is relevant for all industries. The cost for hiring Business Consultant $2,500. Examples of such liabilities include accounts payable, customer advances, etc. Margins are dependent on which ingredients you use when making your smoothie. Because of this reason, cold press juice has risen to prominence. The fast-casual industry is another $52 billion a year. Carlos Jose, Acai Bowl Bars vision is to be the brand for quality acai bowls, have a great crew, cool culture, and active community involvement. The net profit for the year is $4.2 billion. Here are the platforms we intend leveraging on to promote and advertise Carlos Jose, Acai Bowl Bar, Inc.; Even though the average acai bowl is pricey at $5 $10, they provide a filling breakfast that many guests see the price as worth it. 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This percentage represents all current loans and notes payable to Canadian chartered banks and foreign bank subsidiaries, with the exception of loans from a foreign bank, loans secured by real estate mortgages, bankers acceptances, bank mortgages and the current portion of long-term bank loans. The fact that we are setting up an acai bowl bar in a city with similar bars might likely pose a challenge for us in breaking into the already saturated market. Their menu features acai bowls, chia pudding bowls, oatmeal bowls, coconut bowls, smoothies, and many more. In addition, youll need $10,000 to $40,000 worth of working capital to qualify. This percentage represents tangible or intangible property held by businesses for use in the production or supply of goods and services or for rental to others in the regular operations of the business. Many other competitors add tons of sugar or artificial ingredients, but at Rush Bowls, we let the natural flavors speak for themselves. (All Other Assets & Adjustments * 100) / Total Assets. Vital industry facts, trends and insights in a new, shorter format. As a matter of fact, in multiethnic areas, acai bowls can be found at most local juice or smoothie spots. We will ensure that we hold ourselves accountable to the highest standards by meeting our clients needs precisely and completely. refers to the value of all your non-financial and financial assets minus the value of all your outstanding liabilities. Because of our drive for excellence when it comes to running a standard acai bowl business, we were able to engage some of the finest business consultants in Fort Lauderdale Florida to look through our business concept and together we were able to examine the prospect of the business and to access ourselves to be sure we have what it takes to run a standard acai bowl bar that can compete favorably in the juice and smoothie bars industry. s previously discussed, The gross revenue and profit of Playa Bowls is greater than the total investment that you make to operate its franchise. We will give major emphasis to the quality of acai berries we use. The Juice and Smoothie Bars industry is a thriving sector of the economy of the United States of America and they generate over $2 billion annually from more than 1,435 registered and licensed juice and smoothie bar companies. Landlords are more negotiable. Since all you need is blenders and a freezer, its easy to rapidly scale your franchise. In essence, our target market cant be restricted to just a group of people, but all those who love acai bowl and fresh juice and smoothies. Here are some of our products and services; As part of our plans to build a top flight acai bowl bar business in Fort Lauderdale Florida, we have perfected plans to get it right from the onset which is why we are going the extra mile to ensure that we have competent employees. is the total capital or the total money you will need to put into the franchise over time to get it up and running. (Other Current Assets * 100) / Total Assets. The larger the ratio, the more able a firm is to cover its interest obligations on debt. All you would need are contacts, packaging, networking, good marketing and customer service skills. Generally, the higher the current ratio, the greater the "cushion" between current obligations and a firms ability to pay them. The company also welcomed a majority investment from Tamarix Equity Partners and Pacific General Holdings at 60/40 split. Acai berry sales have more than doubled in the last two decades, putting Rush Bowls franchise owners in place for high acai bowl profit margins. Exactly how much? Opening your own business requires lots of capital and plenty of experience. However . Compare revenue figures to a franchise chain like Subway that generates an average gross sales of only $422,000 per unit. Lets take a look: While other fast-casual restaurants may have you looking at a price tag of a $500,000 to $1 million*, Rush Bowls presents an industry-low startup cost. Serve customers in a friendly and helpful manner. The franchise fee of Rush Bowls is about $39,000*. The threat that is likely going to confront us is the fact that we are competing with already established acai bars in Fort Lauderdale Florida, and also there are other entrepreneurs who are likely going to launch similar businesses within our location. Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and objectives. The higher the percentage, the relatively better profitability is. $168,675 to $435,058 and secure at least $35,000 for the initial franchise fee. My favorite brand is Tambor - their aa products are wild harvested and non-GMO project verified. As you can see, you need to pay $35,000 to have the right to operate a Playa Bowls Franchise, but if you have come to love the opportunity in this business and have signed the Multi-Unit Development Agreement, you may save up to 50% of the initial franchise fees in every additional restaurant you will develop. Now that you know how much it costs to operate a Playa Bowls franchise and how much you would return from your investments, its time to evaluate the advantages and disadvantages of the business. Playa Bowls are priced between $9 to $14 a piece. Now let's look at the other industries that also come into play. In 2018, the gross margin is 62%, the sum of $50,907 divided by $82,108. You want to know how much youll be making with Rush Bowls, so lets not delay any further and get into what sorts of industries make up a franchise like Rush Bowls and what you can gain from them as a franchise owner: Fast-casual restaurants are focused on serving quality food in a laid-back environment. The products themselves are profitable. It's easy to catch new customers and turn them into regulars through the ease and convenience of the fast-casual industry. Acai bowls cost more than the average smoothie, but market trends show that people are not only willing to pay, but they can't get enough. Learn more about our acai bowl franchise! Please note that the above projection might be lower and at the same time it might be higher. The healthiest, freshest ingredients are the most expensive. Application and Obtaining Tax Payers ID: Application for business license and permit: Leasing of facility and construction of standard acai bowl bar: Drafting of Contract Documents and other relevant Legal Documents: Printing of Packaging/Promotional Materials: Purchase of the needed acai bowl, smoothie making machines and juicers: Purchase of furniture, racks, shelves, computers, electronic appliances, office appliances and CCTV: Creating Official Website for the Company. This figure must match total assets to ensure a balance sheet is properly balanced. For reference, a 6-ounce (170-gram) acai bowl may contain the following nutrients ( 1 ): Calories: 211. Carlos Jose, Acai Bowl Bar, Inc. is a licensed acai bowl cum smoothie and juice bar business that will be based in Fort Lauderdale Florida, USA. When you compare the franchise fee and the investment to the money you can be making, its not a bad deal! We have been able to examine the industry, we have analyzed our chances and we have come up with the following sales forecast. When you invest into Rush Bowls, youre part of the team and we offer assistance in everything from marketing to operations to help you succeed. Here are the strengths and weaknesses of this company as I view it. What does it mean to be at the center of three surging industries? Profit. While a stronger ratio shows that the numbers for current assets exceed those for current liabilities, the composition and quality of current assets are critical factors in the analysis of an individual firms liquidity. Six years later, they have grown as one of the fastest-growing small chains with over 120 stores nationwide. Carbs: 35 grams. Acai Bowl Shops in the US industry statistics Biggest companies in the Acai Bowl Shops industry in the US Sounds like something that can brighten up anyones day, right? From there the acai berry gets blended into a thick substance similar to a smoothie or milkshake and is topped most commonly with fruit or nuts (but the possibilities are really endless). Add acai, your liquid of choice, banana, and any other fruits to a high-speed blender. This document should outline your goals, objectives, and strategies for success. Carlos Jose, Acai Bowl Bar, Inc. is established with the aim of maximizing profits in the juice and smoothie bars industry in the United States of America and we are going to ensure that we do all it takes to sell a wide range of acai bowls, fresh juice and smoothies to a wide range of customers. When it comes to acai bowls, there is indeed a wide range of available customers. I inhaled entire bowl in less than five minutes. Here is a of what we got from the critically conducted SWOT Analysis for Carlos Jose, Acai Bowl Bar, Inc.; Our strength lies in the fact that we have a wide range of acai bowls, juice and smoothies that can meet the needs of a wide range of customers. Just change up what you put on them and voil, you have a new bowl every time. This ratio is not very relevant for financial, construction and real estate industries. Legal expenses for obtaining licenses and permits as well as the accounting services (software, P.O.S machines and other software) $1,300. Franchise units: 875. Blend until all the frozen chunks are gone and the mixture is thick and smooth. So also, the wide varieties of acai bowl and fresh juice and smoothies that we produce, our large distribution network and of course our excellent customer service culture will definitely count as a strong strength for us. A smoothie from Playa bowl may cost you $10.99. With this opportunity, Taylor and Giuliani look forward to growing up to 500 stores by 2024. Author Alyssa Rivers. A smoothie is a blended, sometimes sweetened beverage primarily made from fresh fruit or vegetables combined with ice, frozen fruit or other frozen ingredients. As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more depending how fast we meet our set target. A perfect way to start your day or keep it going! Responsible for financial forecasting and risks analysis. Mortons Steakhouse Menu Prices + Power Hour (2023), Pei Wei Menu Prices + Limited-Time Offers (2023), Cinnabons Menu Prices + 4 Free BonBites (2023), Caribou Coffee Menu Prices + Free Coffee Offer (2023). Everyone who resides in our target locations. Nonetheless, this opens the doors from competitor brands to enter the market and compete on price. Some juice and smoothie bars give their clients option of add-ins, such as soy milk, whey powder, green tea and herbal or nutritional supplements et al. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. This is a solvency ratio, which indicates a firm's ability to pay its long-term debts. The fast-casual industry is another $52 billion a year. in Food Science Technology and a Masters Degree in Business Administration (MBA). IBISWorld is used by thousands of small businesses and start-ups to kick-start business plans, Spend time growing your business rather than digging around for industry ratios and financial projections, Apply for a bank loan with the confidence you know your industry inside and out, Use IBISWorlds industry ratios and benchmarks to create realistic financial projections you can stand behind. Smoothie King and Jamba Inc. are the leaders in the Juice and Smoothie Bars industry; they have the lion market share in the United States of America. How do you make an aa bowl? Make sure to review the FDD for this company and make sure youve got conviction about the business model longterm. Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs. The health food craze is here to stay as it tops the charts in bringing in $1 Trillion* annually. In this guide, I evaluate if the Playa Bowls Franchise is actually worth investing in. . The opportunities available to us are unlimited. As a franchisee, you may widen the scope of your target market and introduce this to the older generation who are not familiar of the goodness of acai bowls and smoothies. Generating Funds/Startup Capital for Carlos Jose, Acai Bowl Bar, Inc. Carlos Jose, Acai Bowl Bar, Inc. is owned and financed by Dr. Carlos Jose and her immediate family members. ", "Like a smoothie, but also like granola and yogurt a Rush Bowl is the perfect combination of blended fruit, granola and honey. Playa Bowls is quite pricey already, and if this issue happens, the company would need to get creative on mitigating this issue. Anyone can make a smoothie and a fruit bowl with their eyes closed, and thats the beauty of the operation of this business. One example is the concept of fro-yo shops that popped up on every corner about a decade ago. In other words, youve got wiggle room in your finances even if costs continue to increase in the short term. Customers can't get enough of the taste and benefits of acai bowls, and the market isn't keeping up with the demand. When it comes to starting an acai bowl business, the major areas that you look towards spending the bulk of your cash is in the purchase of latest smoothie making machines and juicers and of course renting or leasing well located facilities. From this income, a franchisee can earn an annual profit of $198,912. The shop is a fast-growing Acai bowl company with a generous profit margin of 40% with a gross profit of $2.4 million for some owners. The higher the percentage, the better profitability is. These toppings are optional, so you can use what you like, but the most common acai bowl toppings are: When making an acai bowl, the sky is the limit. From our findings, another factor that kills a new business is financial leakages. Sustainability and Expansion Strategy, business plan template that will help you write, maximizing profits in the juice and smoothie bars industry, Encourage the use of Word of mouth marketing, Preparing and serving assorted acai bowl such as Berry Acai Bowl, Acai Oat Bowl, Berry Beet Acai Bowls, Sunshine Acai Bowl, Banana Acai Bowl, Fruity Acai Bowl, Soy Acai Milk, Banana Cacao Avocado Bow and Copycat Juice Generation Acai Smoothie Bowls. Robert Giuliani and Abby Taylor, both long-time surfers, founded Playa Bowls in New Jersey in 2016. Aa is an amazing source of antioxidants, fiber, heart-healthy fats, and minerals. Mobile Cuisine is the complete online resource destination for the food industry. This percentage is also known as "return on investment" or "return on equity." I highly recommend the berry graham bowl. Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers businesses, or your competitors businesses. With a couple of blenders, freezers, cutting boards, food containers, bowls, cups, and utensils, Playa Bowls can operate without the need to invest in a lot of equipment like ovens, deep fryers, and other cooking equipment that other concepts require. after gaining over 120 stores across the United States. With 23 company owned restaurants and 73 franchised run locations nationwide, this 6-year-old New Jersey Original Acai Shop has been serving people with their different creamy concoctions of some of the healthiest ingredients on Earth! You can essentially use any ingredients and toppings you want, as long as you follow the formula. Our favorite little berry, acai, accounts for $500 million annually. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. This percentage indicates the profitability of a business, relating the business income to the amount of investment committed to earning that income. The debt to equity ratio also provides information on the capital structure of a business, the extent to which a firm's capital is financed through debt. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount. Does a Mister Softee Franchise Cost Too Much Right Now? Rush Bowls is at the intersection of convenience, trends and multiple booming industries. Below is the sales projection for Carlos Jose, Acai Bowl Bar, Inc., it is based on the location of our business and other factors as it relates to small and medium scale acai bowl startups in the United States; N.B: This projection was done based on what is obtainable in the industry and with the assumption that there wont be any major economic meltdown and there wont be any major competitor offering same products as we do within same location. They started their personalized acai bowl shop and smoothie business with a makeshift popup stand. Beat the heat with these delicious bowls and smoothies! Our menu options contain no artificial ingredients or add-ins, just pure tropical fruit. Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. Bowl Boss (formerly known as Soul Bowl . And theres plenty of money to be made in a healthy food franchise like Rush Bowls when you consider just how much you can make. We are a unique acai bowl brand because we do not just sell assorted acai bowls, but we will also engage in the sale of our franchise. Acai bowl business is indeed profitable and it is open for any aspiring entrepreneur to come in and establish his or her business. A perfect refreshing breakfast! You can expect an average, initial investment of $197,000 or more, depending on local markets and how much capital you have. feel good about what they put in their body. After learning all about what youll be investing into and winning, why not franchise with Rush Bowls? The Franchise Chatter Blog examines the profit potential of Bowl of Heaven outlets, based on Item 19 of the company's 2014 FDD. Initial Investment . On certain days of the week (ideally in areas where we have low foot traffic), let people know they can get a reward (like a free Acai bowl, juice, or smoothie) if they post an Instagram photo of our products and mention our brands hashtag(s).