Franny's Farmacy franchise
2023 filing · April 28, 2023GrowingShares sales figures
Franny's Farmacy at a glance
A store selling hemp and CBD products and accessories. At the end of 2022 there were 10 Franny's Farmacy locations in the US, 7 franchised and 3 company-owned.
The business
- Franchisor
- Franny's Franchising, Inc
- The company that sells the franchises
- Franchising since
- 2019
- 4 years of selling franchises
- Franchisor based in
- Asheville, North Carolina
What you pay
- Cost to open
- $217K–$363K
- Fee, build-out and opening working capital
- Franchise fee
- $40,000
- Paid once, when you sign
- Royalty
- 6%
- $500 a month for the first six months, then 6% of gross sales or $500 a month, whichever is greater, paid monthly, plus 1% to the marketing fund
- Brand fund
- 1%
- 1% of gross sales, paid monthly
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
Where it is
- US locations, 2022
- 10
- Franchised and company-owned
- Franchised
- 7
- Company-owned
- 3
- Change in 3 years
- +6
- Franchised locations, 2020–2022
- States
- 4
- Most in North Carolina, Georgia and Connecticut
From Franny's Franchising, Inc’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Franny's Farmacy among all franchises with the same figure.
| Figure | Franny's Farmacy | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $289,550 | Costs less than 58% of franchises |
| Franchise feePaid once, when you sign | $40,000 | Lower than 46% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 10 | Fewer than 61% of franchises |
How much a Franny's Farmacy franchise costs
Opening one Franny's Farmacy costs an estimated $216,600 to $362,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Franny's Franchising, Inc, 2023 filing, page 16
Franny's Farmacy franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: Franny's Franchising, Inc, 2023 filing, page 9
Royalty and ongoing fees
| Royalty | $500 a month for the first six months, then 6% of gross sales or $500 a month, whichever is greater, paid monthly, plus 1% to the marketing fund. |
|---|---|
| Brand or marketing fund | 1% of gross sales, paid monthly. |
| Transfer Fee | $10,000 plus any broker fees and other out-of-pocket costs we incur |
| Replacement/Additional Training Fee | Currently, $500 Per Day |
| Local Marketing | If established, 2% of your gross sales |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Franny's Franchising, Inc, 2023 filing, page 11
Other fees as filed, from pages 11–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Franny's Farmacy publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Franny's Franchising, Inc, 2023 filing, page 40
Growth and closures
Share of franchised locations, 2022 / 2020–2022. Typical means the median: half of brands are above it, half below.
| Measure | Franny's Farmacy | Typical health and wellness brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | +17% / +600% | +6.7% / +23% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 17% / 100% | 6.3% / 29% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical health and wellness brand is the median of the 57 brands in health and wellness franchises with three years of counts.
How Franny's Farmacy compares
Of the 199 health and wellness franchises on this site, Franny's Farmacy is the 95th cheapest to open and the 89th largest by number of locations.
| Figure | Franny's Farmacy | Typical health and wellness brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $217K | $224K | $222K |
| Cost to open, high end | $363K | $498K | $477K |
| Franchise fee | $40K | $45K | $40K |
| Royalty | 6% | 6% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 10 | 10 | 21 |
| Shares earnings figures | Yes | 125 of 199 | 2,147 of 3,352 |
Typical is the median across the 199 brands in health and wellness franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 4 (+3) | 4 | +3 | 0 |
| 2021 | 6 (+2) | 4 | +2 | 0 |
| 2022 | 7 (+1) | 3 | +2 | −1 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating. Company-owned stores are run by the franchisor's affiliate.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Franny's Franchising, Inc, 2023 filing, pages 43–44
Where Franny's Farmacy locations are
At the end of 2022, Franny's Farmacy had locations in 4 states. The most are in North Carolina, Georgia and Connecticut.
- North Carolina5
- Georgia3
- Connecticut1
- Virginia1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| North Carolina | 2 | 3 | 5 |
| Georgia | 3 | 0 | 3 |
| Connecticut | 1 | 0 | 1 |
| Virginia | 1 | 0 | 1 |
Source: Franny's Franchising, Inc, 2023 filing, page 44
Who owns Franny's Farmacy?
Franny's Farmacy franchises are sold by Franny's Franchising, Inc. Its filing names no parent company.
From Franny's Franchising, Inc’s 2023 filing, page 7.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Franny's Franchising, Inc, 2023 filing, litigation on page 9, bankruptcy on page 9
Franny's Farmacy filings
The figures on this page come from Franny's Franchising, Inc’s 2023 filing, issued April 28, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | April 28, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other health and wellness franchises
All health and wellness franchises
Franny's Farmacy is also on these lists: retail franchises.