$50,000 per unit
The current franchise fee starts from $50,000 per unit, payable with execution of a Franchise Disclosure Document.
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.
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.
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.
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.
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.
The Hemp Farmacy, Inc.
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These products have not been evaluated by the FDA.