Smoothie King Franchises, Inc. is a privately held New Orleans-area-based smoothie franchise company with more than 775+ units worldwide.
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History
Working as a soda jerker in his teenage years, Steve Kuhnau, founder of Smoothie King, found himself unable to digest the malts, shakes, and floats he was preparing due to a lactose intolerance. Consequently, he formulated a smoothie in his kitchen as an alternative to other ice cream-based drinks of the era. Shortly after his first store opened in Kenner, Louisiana, in 1973, other stores opened in the New Orleans metropolitan area, and subsequently in Washington, D.C. and 32 other states. Kuhnau began to franchise the Smoothie King name and business in 1989. Smoothie King's 30-year anniversary, in 2003, was commemorated with their first international franchise, in South Korea.
In July 2012, Steve and Cindy Kuhnau sold the company to Wan Kim and Standard Chartered bank. Kim borrowed $58 million from Standard Chartered. In November, the company announced that it would move its headquarters from Covington, Louisiana, to Metairie, in Jefferson Parish, near the company's first store in Kenner. The company cited a $2.4 million promised incentive from the Louisiana Department of Economic Development for its decision to stay in the state.
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Competitors
Since 1989, Smoothie King has been named #1 franchise in its category 20 times by Entrepreneur Magazine.
In 2018, Smoothie King's arch rival, Andy's Smoothies, overtook Entrepreneur Magazine's #1 Smoothie Franchise.
Sponsorships
On February 5, 2014, the New Orleans Pelicans of the National Basketball Association announced that they had reached a 10-year sponsorship agreement to rename the New Orleans Arena as Smoothie King Center. The arena had been one of only three NBA arenas without a naming rights sponsor. Smoothie King owner Wan Kim said the deal would allow the company to show its commitment to New Orleans while also promoting its brand worldwide.
See also
- Smoothie
- Healthy diet
References
Nestle, Marion. Food Politics: How the Food Industry Influences Nutrition and Health. Los Angeles: University of California Press, 2003.
External links
- Smoothie King's website
- Smoothie King's Korea website
Source of the article : Wikipedia
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