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Hemp Farmacy

The Hemp Farmacy, Inc. franchise opportunity grants potential single and multi-unit store operators access to a turn-key model for hemp and cannabinoid infused products for retail sales.

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Hemp Farmacy
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Hemp Farmacy Franchise Cost and Requirements for 2024

Background

The Hemp Farmacy, Inc. franchise opportunity grants potential single and multi-unit store operators access to a turn-key model for hemp and cannabinoid infused products for retail sales. Our franchise model is founded in education and customer service, ensuring our franchisees become a definitive resource for all things hemp within their communities.

Hemp Farmacy stores distinguish themselves by providing one-on-one customer service and offering expertise on hemp-related products, including products containing hemp-derived cannabidiol. Your Hemp Farmacy franchise will sell hemp-related products, including products comprised of hemp extracts, and accessories to the general public.

To the greatest extent possible, your franchise will only carry products made in USA. Your franchise will also provide general education, advocacy, and outreach regarding hemp and hemp-related topics, including the potential uses for hemp-derived products and cannabidiol, and will provide one-on-one consultative sales services to individual customers. The market for retail stores specializing in hemp- and cannabidiol-based products is relatively new and currently experiencing rapid growth.

Company Details

Established: 2018
First Unit Franchised: 2019
Franchised Units: 4
Company Owned Units: 4
States Registered In: North Carolina,
Virginia and Georgia
Canada Franchises: No
International Franchises: No

Support and Training Offered By Hemp Farmacy

Financial Assistance Provided: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: Yes
Training: Before you open your store, your "Principal Operator" (see Item 15) will attend our initial training program in Wilmington, North Carolina, or some other location assigned by us. We will provide approximately ten days of training for the Principal Operator (although the specific number of days may vary depending on our opinion of your experience and needs). The Principal Operator must complete the entire training program to our satisfaction no later than 30 days before your store opens.

Our fee for the initial training program is currently $2,000, but this only applies to repeat training programs or if the program is conducted at a location other than Raleigh or Wilmington, North Carolina.

If you delegate day-to-day management responsibilities to a "General Manager," we may require that person also to successfully complete training before the appointment takes effect. We will also provide training to such person if you request it. General Manager training will be similar in scope to the initial training provided to your Principal Operator, although it may be reduced depending on the breadth of the General Manager's responsibilities. Our current fee for training General Managers is $2,000 plus our travel .
Other Info: In November 2016, Hempleton Investment Group opened its first retail store under the Hemp Farmacy brand in downtown Wilmington, North Carolina. Hempleton Investment Group launched three more outlets in North Carolina between 2017 and 2019. As of 2019, Hempleton Investment Group owns and operates only these four Hemp Farmacy stores ("Company-Owned Stores"), which range in size from 800 to 2000 square feet of floor space. In 2018, Hempleton Investment Group formed The Hemp Farmacy, Inc. for the purpose of offering and selling Hemp FarmacySM franchises.

2024 Franchise Requirements Needed to Own a Hemp Farmacy Franchise.

What does a Hemp Farmacy Franchise Cost?

Hemp Farmacy franchise fees for 2024:

Cash Investment: $100,000
Total Investment: $137,350 - $234,450
Minimum Net Worth:
Franchise Fee: $50,000
Royalty: 4% (Year 1) / 7.9% (Years 2-10)
Ad: 0%
Average Number of Employees: 3
Item 19: Yes
Visa Candidates: No
Passive Ownership: No
Home Based: No
B2B: No
Master Franchise Opportunities: Yes
Veteran Discount: Yes

Is Hemp Farmacy a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Hemp Farmacy is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Hemp Farmacy a Home Based franchise?

No. Hemp Farmacy is not a home based franchise opportunity.

What Do Hemp Farmacy Franchise Owners Make?

Click here to find out how much Hemp Farmacy franchisees make. Hemp Farmacy offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Hemp Farmacy a Master Franchise Opportunity?

Yes. Hemp Farmacy is a master franchise opportunity. A master franchisee is responsible to recruit, train and support franchisees in their territory.

Does Hemp Farmacy Offer a Veteran Discount?

Yes. Hemp Farmacy franchise does offer a veteran discount.

Does Hemp Farmacy Work with E2 Visa and EB-5 Visa Candidates?

No. Hemp Farmacy franchise does not work with E2 Visa and EB-5 Visa candidates.

Is Hemp Farmacy Looking for Franchisees in Canada?

No. Hemp Farmacy franchise is not looking for Canada franchisees.

Is Hemp Farmacy Looking for International franchisees?

No. Hemp Farmacy franchise is not looking for International franchisees.

Where can I see Hemp Farmacy's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Health, Beauty & Nutrition, Retail, Non Food Franchises

Number of Units Open

LESS THAN 20 UNITS

Cash Required

$50,000 - $100,000

Master Franchise

Yes

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

Hemp Farmacy Franchises for Sale

Click Here to inquire about existing Hemp Farmacy franchises for sale. We may have Hemp Farmacy franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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