- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$207K - $363K
- Units as of 2023
-
12 50.0% over 3 years
Company Overview
About Franny's Farmacy
Industry | Health & Wellness |
---|---|
Related Categories | CBD, Miscellaneous Health Products, Miscellaneous Retail Businesses |
Founded | 2018 |
Parent Company | Franny's Franchising |
Leadership | Tynesha Carden, Business Development |
Corporate Address |
231 Biltmore Ave. Asheville, NC 28801 |
Social | Facebook, Instagram, YouTube, Pinterest, TikTok |
Business Overview
Franchising Since | 2019 (5 years) |
---|---|
# of employees at HQ | 20 |
Where seeking |
This company is offering new franchises throughout the US. |
# of Units | 12 (as of 2023) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Franny's Farmacy 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
|
$40,000 |
---|---|
Initial Investment
|
$206,600 - $362,500 |
Cash Requirement
|
$171,000 - $250,000 |
Veteran Incentives
|
10% off franchise fee |
Royalty Fee
|
6% |
Ad Royalty Fee
|
1% |
Term of Agreement
|
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.
In-House Financing | Franny's Farmacy offers in-house financing to cover the following: inventory, accounts receivable |
---|---|
Third Party Financing | Franny's Farmacy has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, payroll |
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 | 48 hours |
---|---|
Classroom Training | 22 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Additional Rankings
Curious to know where Franny's Farmacy ranked on other franchise lists? Find out below.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Franny's Farmacy.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Having Trouble Sleeping? Listen to Some 'Kentucky Fried Chicken Rain' ASMR.
This collaboration introduces soundscapes on Hatch devices that feature gentle "fried chicken rain sounds" meant to evoke the soothing sound of fried chicken sizzling in oil.
The McRib Is Back, But Only at Select McDonald's — Here's Where to Find It
This scarcity is nothing new. In 2022, McDonald's announced a "Farewell Tour" for the McRib, suggesting that it might be the last time customers could get their hands on it.
ComForCare Franchises Make a Profound Difference in the Lives of Older Adults
With the demand for senior care rapidly expanding, a ComForCare franchise offers a rewarding opportunity to enhance the quality of life of seniors in your community.
'We Are Not Red or Blue — We Are Golden': McDonald's Tells Employees It's Non-Political After Trump Visit
In a message to employees, McDonald's clarified that company leadership approved the visit, but the fast-food giant is not political.
Jake Paul Partners with Dog Haus for 25-Store Franchise Deal and Board Seat Ahead of Mike Tyson Fight
Dog Haus is already a growing player in the fast-casual dining space, and Paul's involvement could propel the brand to new heights.
Hi-Five Sports Has been the Pioneer in Youth Sports Entertainment Since 1990
Hi-Five Sports is the first franchise system to focus on "Youth Sports Entertainment" and offers both brick and mortar, and home based business models.