- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$196K - $391K
- Units as of 2020
-
1 0.0% over 3 years
White Rabbit was founded in 2013. The brand was created in order to provide a broad selection of medical and recreational products in Lynnwood, Washington, where it is currently headquartered. With a successful retail business largely made possible by the easing of legal restrictions and growing demand, the team began franchising in the first quarter of 2021.
With more states approving medical and recreational marijuana, now could be the time to open a White Rabbit franchise. Loyal White Rabbit customers are key to brand success. An ideal franchisee should fit the White Rabbit brand culture and be willing to follow a proven business model in an effort to create these loyal customers.
Why You May Want To Start a White Rabbit Franchise
Customers may get their "fix" at birthday parties, school fundraisers, weddings, or beach days. Customers may even purchase White Rabbit items online to get their favorite blends sent right to their door. This diversification of product distributions may help your White Rabbit franchise succeed.
White Rabbit may offer protected territories, potentially allowing franchisees to start a White Rabbit franchise free of worry that other White Rabbit franchisees will enter their market segment.
What Might Make a White Rabbit Franchise a Good Choice?
The team at White Rabbit provides help with licensing, reasonable marketing fees, and full market support. You will also learn how to advertise your brand.
As you decide if opening a White Rabbit franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a White Rabbit franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
White Rabbit may allow absentee ownership, potentially putting you in a position where you can hire someone to run your location in a hands-on manner while you spend your energy elsewhere.
How to Start a White Rabbit Franchise
To be part of the White Rabbit team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
White Rabbit has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll if you meet their qualifications.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the White Rabbit franchising team questions.
It may be a good idea to speak with an attorney or financial advisor to ensure that you have the necessary financial resources to own and operate a White Rabbit location.
Company Overview
About White Rabbit
| Industry | Retail |
|---|---|
| Related Categories | Miscellaneous Retail Businesses |
| Founded | 2013 |
| Leadership | Teresa Chilelli, CEO |
| Corporate Address |
15901 44th Ave. West Lynnwood, WA 98087 |
Business Overview
| Franchising Since | 2021 (3 years) |
|---|---|
| Where seeking |
This company is offering new franchises in the following US states: This company is offering new franchises in the following international regions: |
| # of Units | 1 (as of 2020) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a White Rabbit franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$35,000 |
|---|---|
|
Initial Investment
|
$196,000 - $390,500 |
|
Net Worth Requirement
|
$35,000 |
|
Cash Requirement
|
$35,000 |
|
Royalty Fee
|
6% |
|
Ad Royalty Fee
|
1.5% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | White Rabbit has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 40 hours |
|---|---|
| Classroom Training | 40 hours |
| Ongoing Support |
Grand Opening
Site Selection
|
| Marketing Support |
Social Media
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
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