The Hemp Farmacy advantage

Hemp Education & Training

image62

.

Streamlined Distribution

image63

Brand Identity

image64

Special Event Support

image65

Verified & Tested Products

image66

Locally Sourced Products

image67

Franchise opportunity overview

Initial Franchise Fee

$50,000  per unit

The current franchise fee starts from $50,000 per unit, payable with execution of a Franchise Disclosure Document. 

 

Monthly Royalty Fees

4%* of Gross Monthly Sales

Each unit must pay a royalty of 4% of gross monthly sales for the first 12 months, then the monthly royalties increase to 7.9% for the remainder of the agreement. Gross sales include all revenue from the franchise location. Gross sales do not include sales tax or use tax.


Monthly Technology Fees

$1,500 monthly

Each unit is required to pay a continuing Technology Fee of $1,500 monthly. This fee covers the cost of in-store tech and administration costs; including: point-of-sale software, franchise portal access, and online ordering fees. 


Restricted Territory

Exclusive Territories

Approved franchise locations may be awarded a designated territory of no less than a 2-mile radius to ensure future franchise growth will not impact existing store locations. 


Additional Territories

First Right of Refusal

Franchisees will have first right of refusal on additional neighboring territories and will be notified of the new interest in a particular territory and will have a designated time period to commit to the additional territory or decline to exercise the first right of refusal. 


Distribution & Inventory

80% ECF / up to 20% Vendor

80% of all products, and 100% of all ingestible products, must be sourced from the East Coast Farmacies central distribution center in Wilmington, NC.  

Up to 20% of non-ingestible products may be sourced from approved outside vendors, made by artisans including hemp in production. For example: hemp soap, hemp jewelry, hemp textiles, etc.


Downloads

Please download our Franchise Opportunity Brochure located below.

Total Initial investment

$137,350 - $234,450

The total investment necessary to begin operation of a Hemp Farmacy franchise is between

$137,350 and $234,450. This includes $76,350 to $92,350 that must be paid to The Hemp

Farmacy, Inc. or an affiliate.

Available Markets