- 2024 Franchise 500 Rank
-
#228 Ranked #286 last year
- Initial investment
-
$93K - $149K
- Units as of 2023
-
290 400.0% over 3 years
Your CBD Store is a large retailer of organic hemp products and the exclusive retailer of the SunMed and Sunflora range. It has outlets in many states and uses domestically grown hemp. CBD stands for cannabidiol, which many people believe is effective in treating anxiety, cognition complaints, difficulties in movement, and pain. However, Your CBD Store offers more than medicinal products; it carries a wide range of skincare items, edibles, books, and even treats for pets.
Your CBD Store is a young company - it started business in 2018 - that began franchising in 2020 and has quickly grown to over 225 franchises across the United States.
Why You May Want To Start a Your CBD Store Franchise
CBD products may be becoming even more popular. Your CBD Store may benefit from this increasing popularity but is unique in the quality of service it provides. Customers may feel welcome, and staff should be available to answer any questions that they might have. Another important factor in building trust is that Your CBD Store does not oversell its products. The company stresses that its products should not be a substitute for prescribed medications and that a customer should always ask for a doctor's advice.
A franchisee will be responsible for running their store in a manner that agrees with the company philosophy. A franchisee will be opening a store that is part of the community. They should be friendly and outgoing and ready with advice for their customers. This means that the franchisee must know their product line and the benefits that each product might offer. Many customers will be new to the variety of products, and some may be a little nervous about using hemp. The franchisee will create a comfortable, reassuring atmosphere.
What Might Make a Your CBD Store Franchise a Good Choice?
To be part of the Your CBD Store 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 for ongoing fees that will include royalty and renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open a Your CBD Store Franchise
If you are considering opening a Your CBD Store, you should research your local area thoroughly. Is there a market for these products in your area? Is there direct competition? Will it be easy to find staff to help you run your store? As you answer these types of questions, know that Your CBD Store offers its franchisees comprehensive support in all aspects of the business.
A franchisee will be fully trained in an existing store and will always have access to any further help they may need.
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 Your CBD Store franchising team questions.
Company Overview
About Your CBD Store
| Industry | Health & Wellness |
|---|---|
| Related Categories | CBD, Miscellaneous Health Products |
| Founded | 2018 |
| Parent Company | SunFlora |
| Leadership | Marcus Quinn, CEO |
| Corporate Address |
600 8th Ave. W., #500 Palmetto, FL 34221 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 2020 (4 years) |
|---|---|
| # of employees at HQ | 50 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming |
| # of Units | 290 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Your CBD Store 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
|
$20,000 |
|---|---|
|
Initial Investment
|
$93,300 - $148,550 |
|
Net Worth Requirement
|
$100,000 |
|
Cash Requirement
|
$80,000 |
|
Veteran Incentives
|
Franchise fee waived; $5,000 product credit |
|
Royalty Fee
|
2% |
|
Term of Agreement
|
5 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 | Your CBD Store 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 | 8-16 hours |
|---|---|
| Classroom Training | 24-32 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 2 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Your CBD Store landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Your CBD Store ranked on other franchise lists? Find out below.
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