SoBol Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$35,000
Investment required
$196,000 - $453,000
Royalty fee
5.00%

SoBol: Redefining the Acai Bowl Experience

Founded in 2014 in Sayville, New York, SoBol has rapidly become a prominent name in the health-focused quick-service restaurant industry. Specializing in acai bowls, fruit smoothies, and other nutritious offerings, SoBol emphasizes fresh, high-quality ingredients to deliver flavorful and health-conscious options to its customers.

The company began franchising in 2016, expanding its presence beyond its Long Island origins to multiple locations across the United States. By offering a customizable menu and maintaining a commitment to community engagement, SoBol differentiates itself from competitors in the crowded health food market.

Its dedication to quality and customer satisfaction has fostered a loyal customer base and attracted franchisees passionate about promoting a healthy lifestyle.

Headquartered in Patchogue, New York, SoBol continues to innovate within the acai bowl and smoothie sector, striving to provide exceptional products and experiences that stand out in the competitive landscape of quick-service dining.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $35,000
Construction and Leasehold Improvements $60,000 - $150,000
Construction Management $5,000 - $30,000
Lease Deposits – Three Months $5,000 - $14,000
Furniture, Fixtures and Equipment $40,000 - $99,000
Signage $5,000 - $10,000
Computer, Software and Point of Sales System $4,000 - $8,000
Grand Opening Marketing $5,000
Initial General Inventory $1,000 - $13,000
Initial Product Inventory $8,000 - $10,000
Utility Deposits $900 - $1,800
Insurance Deposits – Three Months $2,000 - $4,000
Travel for Initial Training $700 - $4,400
Professional Fees $5,500 - $15,000
Licenses and Permits $3,000
Printing, Stationery and Office Supplies $500 - $1,000
Additional Funds – Three Months $15,000 - $50,000
Total Estimate $195,600 - $453,200

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Number of units

2024
Franchised units

55

63

63

Company-owned units

2

2

2

Total units

57

65

65

Franchise Disclosure Document

Training

SoBol provides extensive training to franchisees to ensure compliance with its operational standards and systems. This training includes an initial program that franchisees, their Managing Owners, and designated managers must attend and successfully complete.

The initial training spans six to ten days and may consist of classroom and on-the-job instruction. Additionally, the franchisor offers refresher courses, system-wide training programs, and seminars that franchisees and their teams are required to attend periodically.

Supplemental training is also available, either at the franchisee’s location or online. If needed, franchisees may be required to participate in such training to address operational deficiencies or to onboard new managers.

All training programs are structured to align with the franchisor’s standards, and participants must meet specific qualifications, including signing confidentiality agreements. Franchisees are responsible for covering all related costs, such as travel, accommodations, and wages for attending personnel.

Territory Protection

SoBol offers limited territory protection to its franchisees by ensuring no other SoBol restaurants are opened within the designated territory during the franchise term, as long as the franchisee complies with the agreement.

However, SoBol reserves the right to compete within the territory through online sales and other distribution channels.Franchisees must focus their marketing efforts within their assigned territory, and any outside activities require approval.

While this provides some operational exclusivity, SoBol retains flexibility to engage in broader market strategies.

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