Published on: March 31, 2022
National fast-casual brand lands second consecutive win as ‘Most Lender-Friendly Restaurant Franchise’
For the second year in a row, Tropical Smoothie Cafe has won FRANdata’s TopScore FUND Award in the food category. The 2022 award was announced today at the Multi-Unit Franchising Conference in Las Vegas.
FRANdata presents the TopScore FUND Award each year to one food and one non-food brand with a leading FUND score — a franchise credit risk score that rates 12 credit risk categories such as franchise business success rates, franchise unit profitability and franchisee support — and that consistently demonstrates a commitment to supporting franchisees’ access to financing. Tropical Smoothie Cafe has a score of 910, the highest score across all categories.
“Tropical Smoothie is a mature brand that continues to grow its national footprint with its franchisees. Their FUND score demonstrates an ability to offer their franchisees one of the strongest performances in the franchise industry while providing the financing support necessary to be successful in such a highly competitive environment,” said Darrell Johnson, FRANdata CEO.
The brand recently marked its 10th consecutive year of positive same-store sales growth and opened 133 new franchised cafes in 2021. In addition, Tropical Smoothie Cafe placed in the top 10 on Entrepreneur’s Franchise 500®.
“We are deeply committed to helping our franchisees achieve maximum success by providing innovation, upgraded technology, operational, development and financing support, and more,” said Tropical Smoothie Café, LLC CEO Charles Watson. “Our passionate, engaged franchisees are undoubtedly the heart of our brand, and winning the TopScore FUND Award two years in a row is a testament to our unwavering support of them. We are honored.”
For more information about the FRANdata TopScore awards, go to https://www.frandata.com/fund-topscore-award.
FRANdata is a leading franchise-focused research and advisory company. By leveraging the largest database of franchise information to date and with over 30 years’ experience analyzing the franchise market, FRANdata creates targeted business development strategies and actionable solutions that provide their clients with the information they need to understand risk, measure opportunities and improve performance. FRANdata is the creator of the FUND (Franchise Credit Scoring) report, which is relied upon by lenders with over a trillion dollars in assets to assess their franchise credit risks. For more information go to www.frandata.com.