Smoothie King

Last updated
Smoothie King Franchises, Inc.
Smoothie King
Company type Private
Industry Foodservice
Founded1973;52 years ago (1973) in
Kenner, Louisiana, US
FoundersSteve and Cindy Kuhnau
Headquarters,
US
Key people
Products Smoothies
RevenueIncrease2.svgUS$644 million (2023) [5]
Website www.smoothieking.com

Smoothie King Franchises Inc. (doing business as Smoothie King) [6] is an American privately held company that operates a chain of retail stores that specialize in selling smoothies. Founded in 1973, the company was bought by a South Korean franchisee in 2012. In the late 2010s, the company was focusing on whole and unmodified ingredients.

Contents

Corporate history

Smoothie King was founded in 1973 in Kenner, Louisiana, by Steve and Cindy Kuhnau. [7]

The company expanded internationally in the early 2000s, with its first overseas franchise opening in South Korea in either 2002 or 2003. [8] Within six years, franchisee Wan Kim had opened more than 100 locations in the country. [9]

In 2012, Kim acquired Smoothie King from the Kuhnaus and secured US$58 million in growth capital from Standard Chartered Private Equity and the National Pension Fund of Korea to expand the brand. [10] His growth plans included adding 800 new franchises, opening 200 corporately owned stores, and expanding the menu with salads and wraps, which in South Korea accounted for more than 20% of sales. [11]

Per-store revenue increased from about $285,000 in 2009 to $362,000 in 2012. [12] Corporate-wide revenues were reported as $372.5 million in 2017 and $415.7 million in 2018. [13] In 2023, Smoothie King reported about US$644 million in sales. [14]

In early 2014, Smoothie King entered into a naming rights agreement with the NBA's New Orleans Pelicans to rename the New Orleans Arena as the Smoothie King Center. [15] [16] The 10-year contract runs from 2014 to 2024, with an option to extend through 2034. As part of the agreement, all Smoothie King products underwent testing to ensure compliance with NBA banned-substance rules, a process that continues annually. [17]

On July 10, 2025, San Francisco–based Main Post Partners acquired a minority stake in Smoothie King to support the brand’s next phase of growth. [18]

Leadership

Since acquiring the company in 2012, Wan Kim has served as chief executive officer. [10]

In November 2024, Smoothie King appointed Jyoti Lynch as chief information officer to lead enterprise technology and digital initiatives. [3]

On January 29, 2025, Claudia Schaefer was named chief marketing officer. [4]

On May 22, 2025, Gavin Felder, who had been chief financial officer, was also appointed president, expanding his responsibilities while retaining the CFO role. [2]

Locations

Recently-opened Smoothie King in Thomasville, Georgia (2016) Smoothie King, Thomasville (cropped).jpg
Recently-opened Smoothie King in Thomasville, Georgia (2016)

By 2012, Smoothie King was headquartered in Covington, Louisiana. That year, however, the company took advantage of US$2.4 million (equivalent to about $3M in 2024) of incentives to move to Metairie, Louisiana, approximately 40 miles (64 km) to the south. [19] As of August 2021, Smoothie King was based in Coppell, Texas. [6]

Predominantly in the United States, Smoothie King also has locations in South Korea, the Cayman Islands, [19] Trinidad and Tobago, [20] and previously had shops in Singapore (which opened in December 2012, but permanently closed in 2016). [21] CEO Wan Kim has explicitly detailed the company's avoidance of cold-weather locations due to other smoothie companies' failures there. [22] In 2018, the company opened its 1001st store, [23] and by 2020, the number of stores was over 1100. [24]

Products

In the company's earlier years, Steve Kuhnau added the 1,000-calorie (4,200 kJ) "Hulk" smoothie to the stores' product line. It was invented for his neighbor who wanted help regaining weight during chemotherapy, and has remained popular with other cancer patients through at least 2020. [24]

On January 1, 2013, the Center for Science in the Public Interest awarded the Peanut Power Plus Grape Smoothie their Xtreme Eating "dis-honor" for its healthlessness; consisting of "peanut butter, banana, sugar, and grape juice", a 40-US-fluid-ounce (1,200 ml) cup had 1,460 calories (6,100 kJ) and 214 grams (7.5 oz) of sugar. [25]

In March 2019, the company was focusing on its "Clean Blends initiative" whereby stores' menus featured more smoothies with whole fruits and vegetables, and lacking food coloring, artificial flavor, preservatives, and added sugar. [23] By 2023, to attract younger customers with healthier interests, the company removed all syrups from its products and added 100-percent organic vegetables. That year they also introduced smoothie bowls, which proved profitable. [26]

References

  1. Restaurant Business Online. "Smoothie King acquired by franchisee Wan Kim with backing from Standard Chartered PE." 2012.
  2. 1 2 Littman, Julie (2025-05-22). "Smoothie King appoints CFO as president". Restaurant Dive. Retrieved 2025-08-11.
  3. 1 2 Littman, Julie (2024-11-20). "Smoothie King hires Red Robin exec as CIO". Restaurant Dive. Retrieved 2025-08-11.
  4. 1 2 Murray, Lance (2025-01-29). "Smoothie King's New CMO Aims to Build on Brand Purpose and Drive Growth". Dallas Innovates. Retrieved 2025-08-11.
  5. Restaurant Dive. "Smoothie King sales reached $644M in 2023." 2024.
  6. 1 2 "Smoothie King Franchises, Inc". Dun & Bradstreet. Archived from the original on 2021-08-28. Retrieved 2021-08-28.
  7. Riebel, Monica (March 12, 2009). "Smoothie King founder blended healthy drinks into multimillion-dollar chain". The Times-Picayune. Retrieved 2025-08-11.
  8. Franchise Times staff (2003). "Smoothie King Opens First Location in South Korea". Franchise Times. Retrieved 2025-08-11.
  9. "South Korean franchisee grows Smoothie King overseas". QSR Magazine. 2008. Retrieved 2025-08-11.
  10. 1 2 Hui, Ann (July 2012). "South Korea's Wan Kim buys Smoothie King". The Globe and Mail. Retrieved 2025-08-11.
  11. "Smoothie King CEO plots U.S. expansion". QSR Magazine. 2012. Retrieved 2025-08-11.
  12. Taylor, Kate (2012). "Smoothie King revenue grows under new ownership". QSR Magazine. Retrieved 2025-08-11.
  13. "Smoothie King financials show steady growth". Nation’s Restaurant News. 2019. Retrieved 2025-08-11.
  14. "Smoothie King sales reached $644M in 2023". Restaurant Dive. 2024. Retrieved 2025-08-11.
  15. "Pelicans will play in Smoothie King Center". USA Today . New Orleans. 2014-02-06. ISSN   0734-7456. Archived from the original on 2016-04-14. Retrieved 2019-10-22.
  16. Sayre, Andrew (February 6, 2014). "Pelicans, Smoothie King reach 10-year naming rights deal". ESPN. Retrieved 2025-08-11.
  17. "NBA requires Smoothie King testing". ESPN. 2014. Retrieved 2025-08-11.
  18. Maze, Jonathan (2025-07-10). "Smoothie King gets an investment from a private-equity group". Restaurant Business. Retrieved 2025-08-11.
  19. 1 2 Broach, Drew (2012-11-21). "Smoothie King takes $2.4 million state sweetener to move to Metairie". The Times-Picayune . ISSN   1055-3053. Archived from the original on 2019-10-22. Retrieved 2019-10-22.
  20. Kaminski, Lauren (2016-08-09). "Smoothie King Continues Aggressive International Expansion Efforts, Signs Multi-Unit, Multi-Brand Franchisees to Develop Four Locations in Trinidad and Tobago" (press release). Smoothie King. Archived from the original on 2021-04-23. Retrieved 2021-12-23.
  21. "Smoothie King Singapore stores close". Inside Retail. 2016-03-30. Archived from the original on 2020-09-20. Retrieved 2021-12-23.
  22. Tice, Carol (2012-11-05). "Flush With Cash, a Chain's New CEO Plots Smoothie Domination". Forbes . ISSN   0015-6914. Archived from the original on 2016-04-14. Retrieved 2019-10-22.
  23. 1 2 Ruggless, Ron (2019-03-06). "Smoothie King names new marketing chief". Nation's Restaurant News. ISSN   0028-0518. Archived from the original on 2019-06-30. Retrieved 2019-10-22. Rebecca Miller joins brand from On The Border
  24. 1 2 Knox, Dave (2020-03-30). "How Smoothie King Invented—And Then Re-Invented—The Smoothie" . Forbes . ISSN   0015-6914. OCLC   6465733. Archived from the original on 2022-11-30. Retrieved 2025-04-26.
  25. "Xtreme Eating 2013 Extremism Running Amok at America's Restaurant Chains". Center for Science in the Public Interest. 2013-01-01. Archived from the original on 2019-09-26. Retrieved 2019-10-22. Federal Rules for Calories on Menus Long Overdue, Says CSPI
  26. Kelso, Alicia (2023-07-11). "How Smoothie King is reaching a broader audience". Nation's Restaurant News . ISSN   0028-0518. Archived from the original on 2025-04-26. Retrieved 2025-04-26. Smoothie King wants to be a part of everyone's health and fitness journey and is creating new products and customizable options as part of that mission.