Tropical Smoothie Café has its sights set on Colorado.
The fast-casual chain has signed two multi-unit franchise agreements to develop 38 cafes across the state of Colorado, including a 27-unit deal and an 11-unit deal. As part of the agreements, Tropical Smoothie Café restaurants will be developed in key markets throughout the state over the next five years.
Tropical Smoothie Café has identified Colorado as a target state for development, with five locations currently open. Two additional cafes are under construction and slated to open in early 2020 in Highlands Ranch and Littleton.
Tropical Smoothie Café has experienced a surge in nationwide expansion during the last few years, which continues to fuel new growth. Looking ahead, the fast-casual cafe concept has the goal to have 1,500 cafes open across the U.S. and reach an average AUV of $1 million by the end of 2025. Currently, it had more than 800 locations nationwide.