Bud's Place
Social cannabis consumption lounges- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
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$600K - $1.4M
- Unit data is unavailable
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N/A
Company Overview
About Bud's Place
Industry | Services (Other) |
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Related Categories | Miscellaneous Services, Recreation |
Founded | 2019 |
Parent Company | Bud’s Place Franchising LLC |
Leadership | Mark Cohen, CEO |
Corporate Address |
5550 Painted Mirage Rd., #320 Las Vegas, NV 89149 |
Social | Facebook, LinkedIn, Instagram |
Business Overview
Franchising Since | 2019 (4 years) |
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# of employees at HQ | 5 |
Where seeking |
This company is offering new franchisees in the following US states: Alaska, Alabama, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Illinois, Kentucky, Massachusetts, Maine, Michigan, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Utah, Virginia, Vermont, Washington, Wyoming |
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Information for Franchisees
Here's what you need to know if you're interested in opening a Bud's Place 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
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$75,000 |
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Initial Investment
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$600,400 - $1,426,600 |
Net Worth Requirement
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$1,500,000 |
Cash Requirement
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$500,000 |
Veteran Incentives
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$10,000 off franchise fee, and reduced royalty fee |
Royalty Fee
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7% |
Ad Royalty Fee
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1% |
Term of Agreement
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10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | Bud's Place has relationships with third-party sources which offer financing to cover the following: startup costs, equipment |
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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 | 46 hours |
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Classroom Training | 40 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
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Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
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Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
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Can this franchise be run from home/mobile unit?
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No |
Can this franchise be run part time?
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Yes |
Are exclusive territories available?
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Yes |
Interested in ownership opportunities like Bud's Place? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Bud's Place landed on this year's Franchise 500 Ranking versus previous years.
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