Tropical Smoothie Cafe has announced that its largest franchisee, DYNE Hospitality Group, has signed a multi-unit agreement that will bring 26 new cafes to the Dallas-Fort Worth and Savannah, Georgia markets.
DYNE Hospitality Group, made up of existing franchisees Glen Johnson and Nick Crouch, will bring 22 Tropical Smoothie Cafe locations to DFW and four to Savannah over the next several years. Two cafes are expected to open in Fort Worth during the first quarter of 2018, a news release stated.
“2017 was a year of incredible growth for us, as we significantly expanded Tropical Smoothie Cafe’s presence in several markets across the country,” Mike Rotondo, CEO of Tropical Smoothie Cafe, said in the release. “With Johnson and Crouch joining forces and the execution of DYNE’s 26-unit deal for new locations in Texas and Georgia, we’re confident that we’ll not only sustain, but surpass, last year’s success in 2018.”
Johnson and Crouch formed DNYE in December 2017 when they merged their franchises. The group now stands as Tropical Smoothie Cafe’s largest franchisee. According to the release, the pair are also two of the brand’s top-performing operators.
“With a proven business model, unparalleled service, wide menu variety and incredible corporate support, it’s no wonder Tropical Smoothie Cafe has established itself as a leader in the fast casual segment,” Johnson said in the release. “I’ve continued to grow my business since signing my first agreement in 2011 and have watched firsthand the brand consistently achieve tremendous success. Nick has followed a similar path and with our strong desire to open several more Tropical Smoothie Cafe locations, a partnership between us was a natural fit.”
DYNE currently owns and operates 41 Tropical Smoothie Cafe locations across Florida, Georgia, Texas, Arkansas and Oklahoma, and has an additional 12 locations in development that will open in 2018 and set an overall goal to have 100 operating cafes in five years.
“Glen and I are eager to combine our experience and resources to build an exceptional company and further fuel Tropical Smoothie Cafe’s growth nationwide,” Crouch said in the release.
DNYE’s groth and goals only add to Tropical Smoothie Cafe’s plans to have 1,000 stores open nationwide by 2020. But, to accomplish this task, the company is looking for more franchisees.
According to the release, candidates should have:
— Business experience
— $125,000 in liquid assets
— A minimum net worth of $350,000
— And an initial investment of $222,770-$525,400
For more information about becoming a franchisee, please visit www.tropicalsmoothiefranchise.com.