Franny's Farmacy

Franny's Farmacy

CBD products and accessories
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$136K - $264K
Units as of 2021
8

Company Overview

About Franny's Farmacy

Founded
2018
Parent Company
Merrimon
Leadership
Frances Farmacy, CEO

Franchising Overview

Franchising Since
2019 (3 years)
# of employees at HQ
18
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees in the following international regions: Canada

# of Units
8 (as of 2021)

Franchisor Information

Corporate Address
211 Merrimon Ave., #111
Asheville, NC 28801

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Franny's Farmacy 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
$27,500
Initial Investment
$135,950 - $263,850
Cash Requirement
$100,000 - $200,000
Veteran Incentives
10% off franchise fee
Royalty Fee
3%
Ad Royalty Fee
1%
Term of Agreement
10 years
Is franchise term renewable?
Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing
Franny's Farmacy offers in-house financing to cover the following: equipment, inventory
Third Party Financing
Franny's Farmacy has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, 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
41 hours
Classroom Training
8 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
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
Are exclusive territories available?
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021