Franchise Deep Dive: Your CBD Store Franchise Costs, Fees, Profit and Data

Billing itself as the “#1 CBD franchise opportunity”, this brand is tapping into a growing trend with a classic retail model.

By Luca Piacentini1851 Franchise Managing Editor

8:08AM • 04/20/24

LAST UPDATED: March 2024
FRANCHISE WEBSITE: https://getsunmed.com/pages/franchise-information
NUMBER OF LOCATIONS: 290
REPORTED COST TO GET IN: $93,300 to $148,550
REPORTED ROI (Item 19): $74,000

Your CBD Store stands out as a premier organic hemp product retailer, uniquely housing the SunMed and Sunflora collections. With its extensive footprint across numerous states, the company prides itself on offering products made from hemp cultivated within the United States. Cannabidiol, commonly known as CBD, is reputed for its potential benefits in managing anxiety, cognitive issues, movement disorders, and pain. Beyond its health and wellness offerings, Your CBD Store also provides a diverse selection of skincare products, edible treats, literature and even items designed for pet care.

How Many Your CBD Store Locations Are There?

Your CBD Store started back in 2018. Founder Rachael Quinn struggled with pain from Crohn’s disease for years, with side effects from her originally prescribed medications worse than the disease itself. When she found relief from CBD oil, derived from hemp with only small amounts of THC, she found a new calling.

The first Your CBD Store opened in Bradenton, Florida. After licensing for a few years, Your CBD Store began franchising in 2020, and has quickly grown to over 290 franchises across the United States.

In 2019, a former California operator filed a lawsuit against Your CBD Store. This was eventually settled for an undisclosed amount in the franchisor's favor after more than two years of litigation.

What Is Your CBD Store’s Business Model?

Your CBD Store franchisees will open a retail store that sells hemp-derived SunMed products designed to help adult consumers regain, revitalize and improve their quality of life. The products are made from domestically grown USDA Certified Organic hemp and include oil tinctures, water solubles, beverage enhancers, cosmetics, gummies and pet products. All the products are third-party lab tested and carry a QR code consumers can scan to see the full-panel certificates of analysis.

The rising trend in CBD usage could see Your CBD Store gaining more traction, distinguished by its exceptional customer service. The explosive growth of the CBD sector and its franchising opportunities can largely be attributed to the uneven legal landscape of cannabis within the United States. In regions where cannabis remains banned, businesses have pivoted towards selling CBD products as a legal alternative.

How Much Can Your CBD Store Franchise Owners Make?

Your CBD Store does not make any representations about a franchisee’s future financial performance or the past financial performance of company-owned or franchised outlets. By dividing the total revenue of all the franchises ($22.0 million) by the number of franchise-owned stores (291 as of 2022), Your CBD franchised store made $74,000 in sales on average per year in 2022.

How Much Does It Cost to Open a Your CBD Store Franchise?

The costs necessary to begin operation of a Your CBD Store franchise includes:

Initial Franchise Fee: $20,000
Lease & Construction: $7,500 – $17,500
Equipment: $10,000 – $15,000
Operating Costs: $55,800 – $96,050
Total: $93,300 – $148,550

What Is the Franchise Fee for Your CBD Store?

The franchise fee required to open a Your CBD Store franchise is $20,000.

Who’s On Your CBD Store’s Leadership Team?

What Helpful Articles Can I Read to Learn More About Your CBD Store?

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