Sunmed Your CBD Store franchise
2024 filing · September 17, 2024
Sunmed Your CBD Store at a glance
A CBD wellness store selling hemp-derived oils, topicals, edibles and supplements. At the end of 2023 there were 279 Sunmed Your CBD Store locations in the US, 275 franchised and 4 company-owned.
The business
- Franchisor
- Your CBD Stores Franchising, LLC
- The company that sells the franchises
- Franchising since
- 2020
- 4 years of selling franchises
- Typical size
- 800–1,200 sq ft
What you pay
- Cost to open
- $96K–$151K
- Fee, build-out and opening working capital
- Franchise fee
- $20,000
- Paid once, when you sign
- Royalty
- 2% of product cost
- 2% of the wholesale cost of the products you buy, paid with each order
- Brand fund
- Yes
- 3% of wholesale product purchases
- Renewal fee
- See terms
- 50% of the amount of the then-current Initial Franchise Fee
- Agreement length
- 5 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- Some financing offered
Where it is
- US locations, 2023
- 279
- Franchised and company-owned
- Franchised
- 275
- Company-owned
- 4
Support and records
From Your CBD Stores Franchising, LLC’s 2024 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Sunmed Your CBD Store among all franchises with the same figure.
| Figure | Sunmed Your CBD Store | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $123,425 | Costs less than 83% of franchises |
| Franchise feePaid once, when you sign | $20,000 | Lower than 89% of franchises |
| US locationsFranchised and company-owned | 279 | More than 90% of franchises |
How much a Sunmed Your CBD Store franchise costs
Opening one Sunmed Your CBD Store costs an estimated $95,800 to $151,050. That covers the franchise fee and everything else needed to open, through the first months of working capital. It is one of the low-cost franchises.
The biggest costs are opening inventory ($20,400 to $25,500) and additional funds – 3 months ($10,000 to $25,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $20,000 | ||
| Rent | $2,500 | $7,500 | |
| Security Deposit | $2,500 | $7,500 | |
| Real Estate and Improvements | $5,000 | $10,000 | |
| Travel and Living Expenses while Training | $2,000 | $4,000 | |
| Furnishings, Fixtures, Equipment and Decorating | $8,200 | $12,600 | |
| Point of Sale System (POS) | $1,800 | $2,400 | |
| Signage | $3,000 | $6,500 | |
| Opening Inventory | $20,400 | $25,500 | |
| Computer Hardware/Software | $2,000 | $3,500 | |
| Digital Platform Fee | $1,050 | ||
| Grand Opening | $15,000 | $20,000 | |
| Professional Fees | $1,000 | $2,500 | |
| Architectural Firm Insurance | $600 | $1,500 | |
| Miscellaneous Opening Costs | $750 | $1,500 | |
| Additional Funds – 3 months | $10,000 | $25,000 | |
| Total | $95,800 | $151,050 | |
Source: Your CBD Stores Franchising, LLC, 2024 filing, page 18
Sunmed Your CBD Store franchise fee
The franchise fee is $20,000. You pay it when you sign the franchise agreement.
Source: Your CBD Stores Franchising, LLC, 2024 filing, page 11
Royalty and ongoing fees
| Royalty | 2% of the wholesale cost of the products you buy, paid with each order. |
|---|---|
| Brand or marketing fund | 3% of wholesale product purchases. |
| Digital Platform Fee | Currently $100 per month |
| Renewal Fee | 50% of the amount of the then-current Initial Franchise Fee |
| Local Advertising | A minimum of 3% of Gross Sales per calendar quarter |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Your CBD Stores Franchising, LLC, 2024 filing, page 13
Other fees as filed, from pages 13–15. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Sunmed Your CBD Store does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Your CBD Stores Franchising, LLC, 2024 filing, page 51
How Sunmed Your CBD Store compares
Of the 199 health and wellness franchises on this site, Sunmed Your CBD Store is the 30th cheapest to open and the 8th largest by number of locations.
| Figure | Sunmed Your CBD Store | Typical health and wellness brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $96K | $224K | $222K |
| Cost to open, high end | $151K | $498K | $477K |
| Franchise fee | $20K | $45K | $40K |
| US locations | 279 | 10 | 21 |
| Change in franchised locations, 0 yrs | +70.8% | +23.8% | – |
| Shares earnings figures | No | 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 |
|---|---|---|
| 2021 | 269 (+108) | 0 |
| 2022 | 298 (+29) | 0 |
| 2023 | 275 (−23) | 4 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Source: Your CBD Stores Franchising, LLC, 2024 filing, page 52
Who owns Sunmed Your CBD Store?
Sunmed Your CBD Store franchises are sold by Your CBD Stores Franchising, LLC.
From Your CBD Stores Franchising, LLC’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 10–11. |
|---|---|
| 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: Your CBD Stores Franchising, LLC, 2024 filing, litigation on pages 10–11, bankruptcy on page 11
Sunmed Your CBD Store filings
The figures on this page come from Your CBD Stores Franchising, LLC’s 2024 filing, issued September 17, 2024, on record with the Minnesota Department of Commerce.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | September 17, 2024 | Minnesota | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other health and wellness franchises
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