
Discover CBD
Hemp-derived CBD products- 2021 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$89K - $162K
- Units as of 2020
-
13 1,200.0% over 3 years
Company Overview
About Discover CBD
- Industry
- Health
- Related Categories
- Miscellaneous Health Products, Miscellaneous Retail Businesses, CBD
- Founded
- 2015
- Leadership
- Melinda Block, COO
Franchising Overview
- Franchising Since
- 2019 (2 years)
- # of employees at HQ
- 22
- Where seeking
-
This company is seeking new franchisees throughout the US.
This company is seeking new franchisees worldwide.
- # of Units
- 13 (as of 2020)
Franchisor Information
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Discover CBD 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
- $30,000
- Initial Investment
- $89,300 - $161,500
- Cash Requirement
- $115,300 - $246,500
- Royalty Fee
- 5%
- Ad Royalty Fee
- 1%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
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
- 14 hours
- Classroom Training
- 24 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite Selection
- Marketing Support
-
Co-op AdvertisingAd TemplatesRegional AdvertisingSocial MediaSEOEmail MarketingLoyalty 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 Discover CBD landed on this year’s Franchise 500 Ranking versus previous years.
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