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One of Canada’s Fastest Growing Foodservice Chains
Posted by: Peyman Gazor | December 2, 2010 | Leave a Comment
In less than a decade the Booster Juice franchise has managed to establish over 170 stores nationwide. The idea was first brought up when Dale Wishewan (founder) and Jon Amack (from the US) were camping and Jon would ask the simple question “Are there any juice bars in the US?” and as Wishewan describes ” the rest is history.”
The first Booster Juice opened in 1999 in Sherwood Park, Alberta. Once Wishewan gathered a customer base, he was confident in his business. Booster Juice started franchising in 2000, and began its dominance in the market. The franchise fee is fairly priced at $25 000, and the company collects a 6 % royalty. The approximate wait time for a franchise is around 6-18 months, depending on the location.
The Booster Juice franchise is no doubt an entrepreneurial business. Although Wishewan did not undertake a completely new idea (as most entrepreneurial businesses do), he did take the relatively high risk of starting Booster Juice. Furthermore, Booster Juice made record profits in a very short amount of time, with some estimates in the tens of millions (company does not report profits) in the 11 years it has been operating. Considering the business has been expanding into other markets around the world, it seems the engineer, Wishewan, has thought of everything and left no room for errors.
For those interested in the franchise and specific information about the business the links below provide very detailed explanations.
http://www.freefranchisedocs.com/booster-juice-UFOC.html