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Planet Smoothie Franchise Costs & Fees

Date of Incorporation: 1995
Franchising Since: 1998
Headquarters: Scottsdale, Arizona

Business Description: The franchisor is Tasti D-Lite LLC. The franchisor operates retail food businesses under the Tasti D-Lite and/or Planet Smoothie names, which utilize a distinctive store design and business format to sell a wide variety of products, including a proprietary frozen dairy dessert, toppings, mix-ins (fresh fruit and dry), smoothies, juices, shakes, parfaits, frozen cakes and pies, confections, baked goods and other novelties within a customer service-oriented environment to appeal to health conscious consumers.

Franchise Offer: The franchisor offers two types of Planet Smoothie franchises:

  • A “Traditional Planet Smoothie” model offers the entire Product and services the franchisor authorizes under the System in connection with the Planet Smoothie brand, and this model incorporates a full-service design format.
  • A “Non-Traditional Planet Smoothie” model is a Non-Traditional Site featuring only those products and services related to the Planet Smoothie name and associated Marks. The costs for a Non-Traditional Planet Smoothie model are typically less than for the Traditional Planet Smoothie model, but the self-contained location may restrict customer traffic and public access. For the franchisor’s purposes, a “Non-Traditional Site” means any site or channel that generates customer traffic flow that is independent from the general customer traffic flow of the surrounding area, including on or within the confines or premises of military bases, shopping malls or centers, airports, stadiums, major industrial or office complexes, parking lots or structures, mobile vehicles, airports, hotels, resorts, school campuses, train stations, travel plazas, toll roads, casinos, hospitals, theme parks, and sports or entertainment venues.

Financial Assistance: The franchisor does not offer direct or indirect financing. The franchisor does not guarantee franchisees’ note, lease, or obligation.

Training and Assistance: The franchisor will provide the initial training program at no cost to franchisees as part of the Initial Franchise Fee for (i) up to 3 attendees for a Traditional Planet Smoothie model, or (ii) 1 attendee for a Non-Traditional Planet Smoothie model. Classroom-based initial training takes place at the franchisor’s headquarters in Scottsdale, Arizona (5 business days, approximately 6-8 weeks prior to the projected opening). In-store initial training takes place at an existing Planet Tasti Center that the franchisor has designated as a “Certified Planet Tasti Learning Center” (3 days, approximately 6-8 weeks prior to the projected opening). In most instances, in-store training will take place directly following classroom training. The franchisor may also, at its option and expense, provide franchisees on-site assistance for one or more business days (currently between 7 to 10 days) at the franchisee’s Center during the pre-opening merchandising period and/or grand opening period for the Center. Franchisees (or their managing shareholder, partner, or member if franchisees are a legal entity) must attend any conference the franchisor’s schedule or conduct. Franchisees (or their managing shareholder, partner, or member) must attend any remedial or follow-up training that the franchisor specifies.

Territory: Franchisees must operate their Center from a specific site that the franchisor first must accept. The Franchise Agreement will grant franchisees a protected territory. The geographic size of the Territory will vary based upon population density and a variety of demographic factors. In dense urban areas, the Territory may encompass a city block or less, and at Non-Traditional Sites the franchisor might limit the Territory to the site of the Center. In less dense suburban areas, the Center’s Territory could include an entire municipality.

Term of Agreement and Renewal: The length of the initial franchise term is 10 years. Franchisees have the right to renew for a term equal to the term contained in the then-current franchise agreement, if they meet the requirements for renewal.

Obligations and Restrictions: If franchisees are an individual, they must personally manage the franchise business at all times. If franchisees are a legal entity, the shareholder(s), partner(s), or member(s) must attend and successfully complete initial training. If franchisees are a legal entity, the shareholder(s), partner(s), or member(s) must personally manage the Center at all times. Franchisees must offer for sale and sell only products that the franchisor has approved or authorized. Franchisees may not offer for sale or sell products that would detract from or be inconsistent with the System. Franchisees must be open for business each week for minimum hours and days as the franchisor specifies in the Manuals, unless franchisees are limited by local government regulation or they obtain a written variance from the franchisor.

Estimated Number of Units: 110

Investment Tables:
Initial Investment for a Traditional Planet Smoothie
Name of Fee Low High
Initial Franchise Fee $15,000 $25,000
Grand Opening Contribution $7,500 $7,500
Office Equipment & Supplies $500 $2,500
Computer System $1,300 $2,600
Merchant Account Equipment $0 $500
Voice and Data Circuits Setup Costs $100 $750
Radio System and Installation $300 $900
Radio Annual Subscription Fee (1 year) $0 $480
Furnishings, Fixtures and Equipment $48,000 $54,000
Furnishings, Fixtures and Equipment Installation $7,000 $12,000
Freight $3,000 $7,000
Initial Inventory Order $3,300 $6,300
Rent and Security Deposit $6,500 $18,500
Leasehold Improvements (based upon 1,000 square feet) $51,000 $85,000
Architect and Design Fees $5,000 $12,000
Utility Deposits $1,000 $2,000
Security System and Installation $200 $3,200
Security System Annual Monitoring $0 $720
Travel, Lodging and Meals for Initial Training (includes 3 individuals) $1,700 $3,400
Professional Fees (lawyer, accountant, etc.) $0 $4,000
Business Licenses, Permits, etc. (for 1st year) $1,000 $4,000
Insurance (premium for 1st year) $2,000 $5,000
Additional Funds (for 1st 3 months) $10,000 $30,000
ESTIMATED TOTAL $164,400 $287,350
Initial Investment for a Non-Traditional Planet Smoothie
Name of Fee Low High
Initial Franchise Fee $20,000 $20,000
Grand Opening Contribution $2,500 $2,500
Office Equipment & Supplies $200 $300
Computer System (1 terminal) $1,300 $1,600
Merchant Account Equipment $0 $500
Voice and Data Circuits Setup Costs $100 $750
Furnishings, Fixtures and Equipment $11,500 $54,000
Furnishings, Fixtures and Equipment Installation $5,500 $10,000
Freight $2,000 $5,000
Initial Inventory Order $3,000 $5,000
Rent and Security Deposit $4,000 $15,000
Leasehold Improvements $25,000 $61,000
Architect and Design Fees $5,000 $12,000
Utility Deposits $1,000 $2,000
Travel, Lodging and Meals for Initial Training $1,500 $2,000
Professional Fees (lawyer, accountant, etc.) $0 $4,000
Business Licenses, Permits, etc. (for 1st year) $1,000 $4,000
Insurance (premium for 1st year) $2,000 $2,000
Additional Funds (for st 3 months) $10,000 $15,000
ESTIMATED TOTAL $89,600 $216,650
Other Fees
Type of Fee Amount
Royalty Fee 5.0% of Gross Sales.
National Marketing Fund Contribution Currently 2% of Gross Sales.
Co-op Marketing Contribution Established by marketing co-op governing documents.
Software Upgrades Pro rata cost of fee charged by vendor.
Tasti D-Lite Hosted Webportal, Software, and Hardware Support Monthly Fee Currently ranges from $79 to $109 per month.
Specially-Scheduled Training Then-current training fee (Currently $1,000 per person, but the franchisor may increase this fee and charge up to $1,250 per person).
Field Training and Special Assistance $500 per day, plus all reasonable transportation, meal and lodging expenses for the franchisor’s personnel.
Transfer Fee $7,500 per transfer.
Renewal 25% of the then-current Initial Franchise Fee.
Resale Finder’s Fee $3,500 for each qualified prospective buyer the franchisor provides.
Insurance Coverage Cost of insurance, plus interest on the monies the franchisor advances and its administrative costs.
Deficiencies The franchisor’s actual costs.
Site Relocation Fee $7,500
Relocation Design Fee $2,500
Management Expenses Will vary under the circumstances but will include all expenses the franchisor incurs in managing the Center, including compensation, other costs, and the franchisor’s travel and living expenses.
Replacement Manuals Up to $100 per hard copy replacement.
Interest on Past Due Amounts Lesser of 1.5% of the monthly balance of principal and interest or highest rate of interest allowed by law.
Late Fee $150
Audit The franchisor’s actual costs.
Costs and Attorneys’ Fees The franchisor’s actual costs.
Indemnification The franchisor’s actual costs.

The above information has been taken from the FDD of Planet Smoothie. Year of FDD: 2015

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