Tropical Smoothie Cafe Explained

Tropical Smoothie Cafe, LLC
Trade Name:Tropical Smoothie Café
Type:Private
Foundation:1993 in Destin, Florida, U.S.
Hq Location City:Atlanta, Georgia
Location Country:U.S.
Area Served:United States
Industry:Cafe
Genre:Fast casual
Owner:Blackstone
Num Locations:1,400+ (2024)
Num Employees:2,000+
Num Employees Year:2018
Revenue:$500 million[1]

Tropical Smoothie Cafe, also referred to as Tropical Smoothie, is a restaurant franchise in the United States. Tropical Smoothie Cafe operates more than 1300 locations nationwide.[2]

History

Tropical Smoothie began as a smoothie shop in 1993 along the panhandle of Florida. Tropical Smoothie Franchise Development Corporation was founded in 1997 in Destin, Florida, and the first franchised store opened in 1998 in Tallahassee, Florida. Tropical Smoothie Cafe is currently headquartered in Atlanta, Georgia.[3]

In 1999, they introduced a line of food items including sandwiches and wraps. As more locations opened, the individual Cafes redesigned their store decor to offer a beach house theme with bright white walls, an open kitchen concept, vibrant colors, and tropical artwork.

In 2006, Tropical Smoothie Cafe opened their 200th store in Virginia Beach, Virginia, and in 2011 they opened their 300th store in Fort Myers, Florida.[4] They opened their 400th location in Toledo, Ohio, 500th location in Westland, Michigan, and in 2017 their 600th location in Joplin, Missouri. They opened their 800th location in Arlington Heights, Illinois, in 2019.

The founders and original owners, Eric and Delora Jenrich and David Walker, came from franchise backgrounds and used that knowledge to grow Tropical Smoothie Cafe. As they grew, they recruited others from the food industry.

In 2012, private equity firm Buckhead Investment Partners (BIP) bought a controlling interest in Tropical Smoothie Cafe.[5] Eric Jenrich and David Walker remained on the board of directors, and former Chief Operating Officer Mike Rotondo was promoted to replace Jenrich as chief executive officer in 2012 until his departure in 2018. BIP partner Scott Pressly, who was a financial and strategic adviser to the chain since 2007 served as the chairman until 2020. The brand was acquired by private equity firm Levine Leichtman Capital Partners (LLCP) in September 2020. Charles Watson is the chief executive officer.

Between 2019 and 2021, the company was the title sponsor of the Frisco Bowl.[6]

Menu

Tropical Smoothie Cafes sales are made up of 50% smoothie sales and 50% food sales system wide.[7]

In May 2013, Tropical Smoothie Cafe began offering a vegan, non-GMO meat substitute called Beyond Meat.[8] Beyond Meat is made of a blend of fava bean protein, pea protein, flours, and fiber. In July 2013, Tropical Smoothie Cafe announced that Beyond Meat would become a permanent fixture on the menu at certain locations.[9]

Notes and References

  1. Web site: Tropical Smoothie Cafe growth plans . August 27, 2021 .
  2. Web site: Tropical Smoothie Cafe Franchise History and Leadership Team . 2023-01-18 . Tropical Smoothie Cafe LLC . en-US.
  3. Web site: Tropical Smoothie Cafe does more than drinks .
  4. Tropical Smoothie Cafe outlines growth plans. Nation's Restaurant News . May 3, 2011.
  5. Web site: LLCP Buys Tropical Smoothie from BIP . 2023-01-18 . peprofessional.com.
  6. Web site: Negron. Anna. Tropical Smoothie Cafe Named Title Sponsor of Frisco Bowl. ESPN Press Room. December 17, 2021. August 15, 2019.
  7. Tropical Smoothie exec upbeat about 2011. Nation's Restaurant News. February 15, 2011.
  8. Web site: Tropical Smoothie Ditches the Meat for Latest Menu Addition. mary. May 29, 2013. June 13, 2018.
  9. Erin Dostal . July 9, 2013 . Tropical Smoothie Café to add meatless protein to permanent menu . . November 13, 2017.