A South Korean company will acquire New Orleans-based Smoothie King Franchises for an undisclosed sum under a deal announced Monday.
Smoothie King currently has more than 600 units operating in 32 states, the Caymans and the Republic of Korea.
SK USA Inc. is headed by Chief Executive Officer Wan Kim, a Boston University graduate who opened his first Smoothie King in 2003. Since then Wan’s Smoothies Korea has opened more than 100 locations.
Wan said SK USA plans to open more than 1,000 new locations in the United States and worldwide by the end of 2017.
“We are extremely positive and excited,” Kim said in a news release. “Smoothie King maintains potential for tremendous growth both here in the U.S. as well as in International markets.”