Smoothie King plans 30 store expansion in three US states
Smoothie King Franchises, a US-based premier smoothie and nutritional lifestyle center, is set to expand its business by opening 30 new stores in three US states over the next two years.
The smoothie chain plans to open 10 in each of New York, Washington DC and Baltimore areas, including new stores in Yonkers, New York and the Locust Point neighborhood of Baltimore.
It currently operates seven stores in the New York City Metro Area and 25 in the Washington and Baltimore areas.
Smoothie King Global CEO Wan Kim said: "We are confident that our brand has great potential for further development in the New York, Washington, D.C. and Baltimore markets and we look forward to building a stronger presence in these areas."
The smoothie retailer plans to add 1,000 new franchised and corporate locations domestically over the next five years.
International development includes master franchise and corporate expansion in Korea, Singapore and Malaysia, with 50 new stores planned in South Korea and 10 in Singapore in 2013.
Smoothie King currently has more than 600 units operating in 32 states, the Caymans, Singapore and the Republic of Korea.