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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$110K - $166K
Units as of 2020
1 0.0% over 3 years

Here’s what you need to know if you’re interested in opening a HBCannU franchise.

HBCannU is a cannabis brand that started its operations in 2016 in the Southeast U.S. and touts itself as the first fully Black-owned franchised cannabis brand in the United States. Apart from selling HBCannU CBD products, the franchise offers cannabis education and cancer and recidivism programs. Consumers can also make online orders and purchase special HBCannU franchise merchandise.

Franchising since 2020, the HBCannU franchise is inspired by and rooted in the Marcus Garvey “Do For Self” Pan African Philosophy. As a result, HBCannU focuses on educating the public on how the cannabis industry works and the benefits of responsibly sourced CBD products. By franchising its business model, HBCannU hopes to keep creating history while providing employment and ownership opportunities to anyone with a mission of elevating the community of people of color.

Why You May Want to Start an HBCannU Franchise

The cannabis industry in the United States may be becoming more popular as the years continue to go by. If you are passionate about cannabis and are interested in informing the public about the benefits of CBD, becoming an HBCannU franchisee may be a viable option.

What Might Make an HBCannU Franchise a Good Choice?

Becoming an HBCannU franchisee may open you up to new opportunities while providing you with a workable business model. For instance, HBCannU has designed its opportunities to streamline its business model to reduce overhead expenses. HBCannU also offers single-unit franchise opportunities in regions that it believes may be penetrable by a HBCannU franchise.

With a single-unit franchise option, you may operate an HBCannU location in a territory that you choose—this allows you to decide the size of your territory and expand depending on the terms agreed upon.

To be part of the HBCannU franchise 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 advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements. 

How to Open an HBCannU Franchise 

As you decide if opening a HBCannU 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 an HBCannU franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

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 HBCannU franchising team questions. 

If awarded a franchise, franchisees may receive a great deal of support from the HBCannU brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. They also receive hands-on training and continued support after their franchise location has opened.

Find Your Perfect Franchise

Company Overview

About HBCannU

Related Categories
Miscellaneous Health Products, CBD
Founded
2016
Leadership
Huey Abeyi, CEO

Franchising Overview

Franchising Since
2020 (2 years)
# of employees at HQ
2
# of Units
1 (as of 2020)

Franchisor Information

Corporate Address
212 Friesian Wy.
Sanford, FL 32773

Information for Franchisees

Here’s what you need to know if you’re interested in opening a HBCannU 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
$50,000
Initial Investment
$109,850 - $165,500
Net Worth Requirement
$150,000
Cash Requirement
$50,000
Royalty Fee
10%
Ad Royalty Fee
2.5%
Term of Agreement
5 years
Is franchise term renewable?
Yes
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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
20 hours
Ongoing Support
Grand Opening
Site Selection
Marketing Support
Social Media

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?
No
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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