Start a Unity Rd. Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $547K - $1.5M

Units as of 2021: 1 50% over 3 years

Founded in 2009, Unity Rd. is a cannabis retail brand seeking to bring together the franchising and the cannabis world. Unity Rd. began franchising in 2017 and is actively seeking to expand its reach throughout the United States. They may also be looking to open locations worldwide if the franchisee appears to have a solid foundation.

With many years of franchise experience and development, Unity Rd. may help franchisees enter the industry confidently, ready to serve their community. The marijuana franchise provides its franchisees with the resources, knowledge, and support required to operate a Unity Rd. franchise.

Unity Rd. is headquartered in Phoenix, Arizona.

Why You May Want To Start a Unity Rd. Franchise

As a franchisee, it’s important to have determination, a good work ethic, and focus on new opportunities. Opening a Unity Rd. franchise does not require experience, but learning how to operate your franchise with the proven Unity Rd. business model is required. Franchisees should also have excellent customer service skills to lead employees and help daily customers. They also should be willing to seek to improve every aspect of themselves while operating their franchise.

If awarded a franchise, franchisees receive a great deal of support from the Unity Rd. brand throughout the franchising process. In addition to pre-opening training, Unity Rd. franchisees may receive support through brand awareness, marketing, research, and construction.

What Might Make a Unity Rd. Franchise a Good Choice?

As you decide if opening a Unity Rd. franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Unity Rd. franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

Opening a Unity Rd. franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in the already crowded and competitive cannabis industry.

How To Open a Unity Rd. Franchise

To be part of the Unity Rd. franchise team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.

Unity Rd. may offer veterans a discount off the franchise fee if they were honorably discharged and meet Unity Rd.’s qualifications.

Before making any financial commitment or signing an agreement with Unity Rd., you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the Unity Rd. franchising team questions.

It could be a good idea to speak with an attorney or financial advisor to ensure that you have the financial resources necessary to own and operate a Unity Rd. franchise.

Company Overview

About Unity Rd.

Industry	Retail
Related Categories	Miscellaneous Retail Businesses
Founded	2009
Parent Company	Item 9 Labs Corp.
Leadership	Mike Weinberger, Chief Franchise Officer
Corporate Address	2727 N. 3rd St., #201 Phoenix, AZ 85004
Social	LinkedIn, YouTube

Business Overview

Franchising Since	2017 (7 years)
# of employees at HQ	84
Where seeking	This company is offering new franchises throughout the US. This company is offering new franchises worldwide.
# of Units	1 (as of 2021)

Information for Franchisees

Here's what you need to know if you're interested in opening a Unity Rd. 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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$100,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$546,500 - $1,511,500
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$1,000,000 - $2,500,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$1,000,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	25% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	5%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	2%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

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	40 hours
Classroom Training	40 hours
Ongoing Support	Newsletter Meetings & Conventions Toll-Free Line Grand Opening Online Support Security & Safety Procedures Lease Negotiation Field Operations Site Selection Proprietary Software
Marketing Support	Ad Templates 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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	15-20
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	No