Your CBD Store Franchise Cost Profit Reviews Now

As the market for CBD products continues to grow, more and more entrepreneurs are looking to invest in this lucrative industry. Your CBD Store is one such franchise that offers a turnkey solution for those interested in opening their own CBD store. In this discussion, we will explore the franchise cost, profit potential, reviews, and opportunities that Your CBD Store offers. Whether you are an aspiring entrepreneur or a seasoned business owner, this information will help you make an informed decision about investing in this franchise.

According to the “Health and Wellness Market by Product and Geography – Forecast and Analysis 2020-2024”, the market value of the health and wellness industry is projected to increase by USD 1,299.84 billion between 2020 and 2024, with a Compound Annual Growth Rate (CAGR) of 6.37%.

 

What is the Your CBD Store?

Your CBD Store is that specialises in selling high-quality CBD products such as tinctures, topicals, edibles, and pet products. The company was founded in 2017 and has since grown into a successful franchise model with over 550 stores across the United States. Your CBD Store prides itself on providing customers with a safe and reliable source of CBD products that are third-party lab tested and made from hemp grown in the United States. The company also offers a range of educational resources to help customers understand the benefits of CBD and how to use it effectively.

 

Is Your CBD Store a Franchise Opportunity?

Yes, Your CBD Store is a franchising opportunity. The company offers a turnkey solution for entrepreneurs interested in opening their own CBD stores. As a franchisee, you will have access to the company’s established brand, marketing materials, product lines, and support resources.

 

Facts That Nobody Told You About Your CBD Store

 

• Your CBD Store was founded by Rachael Quinn in 2017 in Bradenton, Florida. Today, the company has over 550 stores across the United States.

 

• The company’s products are made from hemp grown in the United States and are third-party lab tested to ensure quality and purity.

 

• Your CBD Store offers a range of educational resources to help customers understand the benefits of CBD and how to use it effectively.

 

• The company has a strong commitment to giving back to the community and partners with organisations such as the American Cancer Society, the Veterans Cannabis Project, and the National Multiple Sclerosis Society.

 

• Your CBD Store was featured in the news for donating hand sanitizer to first responders during the COVID-19 pandemic. The company also offered curbside pickup and free shipping to customers to help keep them safe.

 

Your CBD Store Franchise Review and Information
Industry Type	CBD Retail
Sub Category	Health & Wellness
Year Established	2018
Company Name	Your CBD Store
Founder/Management Head	Marcus Quinn, CEO
Franchising Started	2020
Employees at Company H.O	50
Franchise Expansion Plan	Throughout USA
Number of Units	275
Number of Franchise Units
Social Media Handles	Facebook
	Twitter
	Youtube
	Instagram
Company Office location	600 8th Ave. W., #400 Palmetto, FL 34221

 

Your CBD Store Franchise Requirements

 

• Financial requirements: You must have a minimum of $80,000 in liquid assets and a net worth of at least $100,000.

 

• Franchise fee: The franchise fee for Your CBD Store is $5,000.

 

• Royalty fees: The brand’s franchisees pay a monthly royalty fee of 2% of gross sales.

 

• Store location: Your CBD Store requires franchisees to open a physical store in a location approved by the company. The store should be in a high-traffic area and meet certain size and layout requirements.

 

• Training: Your CBD Store requires all franchisees to attend a comprehensive training program, which includes both classroom and hands-on training.

 

• Legal requirements: Franchisees must meet all legal requirements for owning and operating a business in their state, including obtaining any necessary permits or licences.

 

• Marketing and advertising: The brand’s franchisees are required to follow the company’s marketing and advertising guidelines, which include using approved materials and promoting the brand in a positive manner.

How much does a Your CBD Store franchise cost

The cost to open a franchise ranges from $69,800 – $90,300, depending on various factors such as the store location, size, and inventory. This includes the $5,000 franchise fee, as well as other expenses such as rent, equipment, initial inventory, and marketing. Franchisees are also required to pay ongoing royalty fees of 2% of gross sales.

How much does it cost to franchise a Your CBD Store in the United States?

The cost to open a franchise ranges from $69,800 – $90,300, depending on various factors such as the store location, size, and inventory. This includes the $5,000 franchise fee, as well as other expenses such as rent, equipment, initial inventory, and marketing. Franchisees are also required to pay ongoing royalty fees of 2% of gross sales.

 

Your CBD Store Franchise Price and Cost
Your CBD Store Franchise Fee	$5000
Franchise Cost	$69,800 – $90,300
Royalty Fee	2%
Advertising Fee	–
Term of Agreement	5 Years
Is franchise term renewable?	Yes
Renewable Franchise Fees	–

 

How much do Your CBD Store franchise owners make?

It is difficult to provide a precise estimate of the earnings of the brand’s franchise owners as it can vary greatly depending on several factors such as location, competition, local regulations, and business model. With successful operations, franchise owners can expect to earn a reasonable return on investment. It is recommended that prospective franchisees conduct thorough research and due diligence before investing in any franchise opportunity.

 

Your CBD Store Training to Franchises

 

The company as a franchisor provides initial training programs, including on-the-job and classroom training, which range from 8-16 hours and 24-32 hours, respectively. In addition, franchisors offer ongoing support to franchisees, which includes various options such as marketing, operational, and financial support.

 

Your CBD Store Operations to Franchises

The brand’s franchise requires active ownership and cannot be run from home or as a mobile unit. The franchise must be operated by at least two employees, and absentee ownership is allowed. Part-time ownership is not allowed. The franchise offers exclusive territories, allowing franchisees to operate in a protected area without competition from other Your CBD Store locations. Overall, the company offers a well-established system, ongoing support, and a growing market for CBD products.

 

How is Your CBD Store Territory Granted to Franchises

Your CBD Store typically grants exclusive territories to franchisees based on population density, demographics, and market potential. Franchisees are typically required to operate within their designated territories and are prohibited from opening additional stores within the same territory. This allows franchisees to develop a loyal customer base and establish a strong presence in their local market. The size and boundaries of the territory are negotiated between the franchisor and the franchisee and are typically outlined in the franchise agreement. Your CBD Store also provides ongoing support and training to help franchisees maximise their success within their designated territories.

What is the Franchise Term of Agreement and Renewal?

The initial term of the franchise agreement offered by the company is years, which can be renewed subject to the terms and conditions of the company.

Financial Assistance to Franchises?

The company does not provide any financial assistance to its prospective franchisees, however, it has established relationships with third-party lenders which offer financial support for initial franchise fees, franchise costs, etc.

Pros & Cons of Owning a Your CBD Store Franchise

Pros of owning a Your CBD Store 

• Strong Marketing and Advertising Support: The franchisor provides strong marketing and advertising support to help franchisees promote their business and attract customers.

• Potential for High-Profit Margins: CBD products have high-profit margins, which can result in significant earnings for franchisees.

• High Demand for CBD Products: There is a strong demand for high-quality CBD products in the market, which presents an opportunity for franchisees to capitalize on the growing trend.

• Established Business Model and Brand: Franchisees benefit from a proven business model and established brand recognition, reducing the risk of starting a business from scratch.

• Comprehensive Training and Ongoing Support: Franchisees receive comprehensive training and ongoing support from the franchisor to help them operate their business successfully.

Cons of Owning a Your CBD Store 

• Strict Adherence to Franchise Guidelines and Restrictions: Franchisees must strictly adhere to franchise guidelines and restrictions, which can limit their flexibility in decision-making.

• Competition from Other CBD Retailers: The CBD industry is becoming increasingly competitive, which can make it challenging for franchisees to differentiate themselves from other retailers.

• Need for Strong Business Acumen and Customer Service Skills: Franchisees need to have strong business acumen and customer service skills to operate a successful business.

• High Initial Investment: Franchisees need to make a significant initial investment to open a store, which can be a barrier for some potential franchisees.

• Dependence on the Franchisor for Product and Marketing Decisions: Franchisees are dependent on the franchisor for product and marketing decisions, which can limit their control over their business.

 

What are Your CBD Store franchise reviews?

 

Positive Reviews : 

 

“Running my own franchise has instilled confidence in me due to the superb support and training provided, making the franchise system an impressive display of organisation.”

 

“Offering high-quality and popular products from Your CBD Store has been key to attracting and retaining customers as a franchisee. The trust that people have in these products is invaluable to me, and it’s rewarding to provide customers with what they want.”

 

“I cannot stress enough how much the marketing program provided by Your CBD Store has helped me as a franchisee. It’s been an absolute game-changer in increasing my exposure to a wider audience while spreading brand recognition throughout my area. The effectiveness of the well-crafted marketing materials is truly impressive. The high-quality products we offer are confidently promoted and have been key in attracting new customers and building a strong foundation of loyal patrons, ultimately leading to my business’s achievements.”

 

Negative Reviews: 

 

“I need to stay up-to-date with the ever-changing CBD industry. Consumer preferences and regulations are constantly evolving, which means I must adapt to remain competitive. It’s essential that I stay informed and flexible to ensure that my business continues to provide high-quality products and meet the needs of my customers.”

 

“I find that the franchise agreement can be quite restrictive. It limits my ability to make changes to my store or deviate from the company’s established procedures. While this can help to ensure consistency and maintain the integrity of the brand, it can also be frustrating at times when I want to try new things or innovate within my business.”

 

“As a franchisee , I have found it challenging to obtain financing and manage cash flow in the early stages of building my business. This has been a significant hurdle for me, and I have had to be resourceful and creative in finding ways to keep my business afloat. I hope that with time, my business will become more profitable and cash flow will become less of an issue.”

 

Your CBD Store Franchise Rankings

The company was ranked #286 among the top 500 franchises in the year 2023 by the Entrepreneur.

Franchise Deck Analysis and Overview

Although the CBD industry has seen significant growth in recent years and has the potential for further expansion, its future remains uncertain due to its novelty. The industry’s profitability is also uncertain, and high legal fees pose a threat to short-term profits. To better understand the sales and profit prospects, it’s advisable to consult with current franchisees of the company or other experts in the CBD industry.

 

Potential Risks to consider before investing 

Investing in the said franchise comes with certain risks that should be carefully considered before making a decision. These risks include the potential for regulatory changes that could impact the CBD industry, competition from other CBD retailers, the high initial investment required to open a franchise, the strict requirements outlined in the franchise agreement, and the challenge of managing cash flow and obtaining financing in the early stages of building a new business. Prospective franchisees should thoroughly research the company and the industry before making a commitment.

 

Is Your CBD Store Franchise Profit Worth the Cost?

Due to the unavailability of relevant data, the exact profit of the company’s franchise cannot be ascertained. However, as there is significant growth in health and wellness and bloom in the CBD industry, one can consider investing in this CBD franchise. While success is not a guarantee, prospective franchises should engage in successful operations that can be helpful in yielding a good return.

 

Your CBD Store Franchise Success and Failure Rate

 

The below table will highlight the Your CBD Store franchise success and failure rate for the last 3 years. This will supplement your decision-making process.

 

Year	Format	Start	End	Change
2018	Franchise Owned	0	0	0
	Company Owned	0	0	0
2019	Franchise Owned	0	0	0
	Company Owned	0	0	0
2020	Franchise Owned	0	161	+161
	Company Owned	0	1	+1

 

Competition Analysis 

 

Your CBD Store	Cost to Franchise	Franchise Fees	Royalty + Ad fees	Expected Profit	Recoup of Capital	FD Rating
Your CBD Store	$69,800 – $90,300	$5000	2%
Franny’s Farmacy Franchise	$136K- $264K	$27,500	3% + 1%	–	–	–
Elevated Wellness  Franchise	$79K- $127K	$25,000	6% + 1%
Restore Hyper Wellness Franchise	$642K- $1.2M	$44,500	7% + 2%	–	–	3.8/5.0
Pearle Vision Franchise	$70K – $979K	$30,000	7% + 8%	–	–	3.8/5.0
The Joint Chiropractic Franchise	$215,297 – $476,997	$ 39,900	7% + 2- 3%	$ 488,771	6.2-10 years	4.0/5.0

The Franchise Deck rating for the Your CBD Store franchise is 3.7/5.0.

Conclusion: Is the Your CBD Store franchise worth it?

The Your CBD Store franchise presents an opportunity for individuals interested in investing in the CBD industry. The initial investment required can be $100,000, and while the profitability of the industry is uncertain, successful operations can yield a reasonable return on investment. Prospective franchisees are advised to conduct thorough research and due diligence to determine the potential sales and profit prospects, as well as any legal fees that may impact short-term profits. Consulting with current franchisees and industry experts can also provide valuable insights into the business. Ultimately, the decision to invest in the said franchise should be based on careful consideration of the risks and potential rewards.

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Frequently Asked Questions (FAQs)

 

• Is the Your CBD Store franchise profitable?

The profitability of the said franchise depends on several factors, including location, competition, and management. With successful operations, franchise owners can expect to earn a reasonable return on investment.

• Can you make money owning a Your CBD Store?

Yes, it is possible to make money owning the said franchise. As with any business, the profitability of a franchise location can vary depending on various factors such as location, competition, and market demand.

• Is Your CBD Store a franchise?

Yes, Your CBD Store is a franchising opportunity. The company offers a turnkey solution for entrepreneurs interested in opening their own CBD stores.

 

• How much is a Your CBD Store franchise?

The initial franchise fee and cost are $5000 and $69,800 – $90,300respectively.Although the cost may differ with location, size, or state.             

 

• How do Your CBD Store franchises make money?

The company’s franchises make money by selling high-quality CBD products to customers in their local markets, with a portion of the revenue going to the franchisor as a royalty fee.