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Bud's Place

Bud's Place is social cannabis consumption lounge concept, offering food and beverages, entertainment, accessories, and relaxation in a casual but upscale atmosphere. Where permitted, the beverages will include liquor and/or beer and wine. There will be admittance fees for a customer to enter a lounge, VIP rooms, monthly and annual membership packages.

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Bud's Place

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Bud's Place Franchise Cost and Requirements for 2024

Background

A tie to an industry that is rapidly growing (cannabis) but with a new and exciting concept - upscale, food and beverage, entertainment, relaxation. We have an experienced management tea and a food and beverage partner that is a "mover and shaker" in the fast casual food arena. A franchisee can get in on the ground floor here with a company and an industry that is set to explode with rapid growth. Bud's Place lounges will offer its customers High. Quality. Fun.

Company Details

Established: 2019
First Unit Franchised:
Franchised Units: 0
Company Owned Units: 0
States Registered In: Michigan, Texas, CA (via an exemption), Illinois, Florida, New York, Washington, Utah, Kentucky.  The CA exemption qualifies us for sales to individuals with a net worth exceeding $1,000,000 (not including residence or retirement plans). We also have an option agreement that is available for qualified parties in states that have either not yet "legalized" medical and/or adult use cannabis or have not yet approved consumption lounges.

Canada Franchises: No (due to the strict anti-smoking laws in Canada)
International Franchises: No

Our management team has great franchising experience and food and beverage experience.  In October 2021 we signed a collaboration agreement with a former Domino's executive and multi-unit franchisee - they will be working with us to provide leads and to vette potential franchisees and have committed to getting us a minimum of 4 franchisees a year each year for the next 5 years.

Support and Training Offered By Bud's Place

Financial Assistance Provided: No, but we do have lenders lined up we can refer the franchises to
Site Selection Assistance: Yes, with a real estate group we can refer out to, at no cost to franchisee
Lease Negotiation Assistance: Yes
Recruiting Assistance: No
Co-Operative Advertising: Not yet
Training: 40 hours of classroom training, 46 hours of on the job training in a franchise store of our food and beverage partner, plus grand opening assistance.

2024 Franchise Requirements Needed to Own a Bud's Place Franchise.

What does a Bud's Place Franchise Cost?

Bud's Place franchise fees for 2024:

Cash Investment: $300,000+
Total Investment: $600,400 - $1,196,000
Minimum Net Worth: $1,500,000
Franchise Fee: $75,000
Royalty: 7%
Ad: 3%
Average Number of Employees:
Item 19: No
Visa Candidates: No
Passive Ownership: Yes

Ownership can be active, passive, and/or semi-absentee
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes

Is Bud's Place a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Bud's Place is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Bud's Place a Home Based franchise?

No. Bud's Place is not a home based franchise opportunity.

What Do Bud's Place Franchise Owners Make?

This information is not available. Bud's Place does not offer an Item 19 in their Franchise Disclosure Document.

Is Bud's Place a Master Franchise Opportunity?

No. Bud's Place is not a master franchise opportunity.

Does Bud's Place Offer a Veteran Discount?

Yes. Bud's Place franchise does offer a veteran discount.

Does Bud's Place Work with E2 Visa and EB-5 Visa Candidates?

No. Bud's Place franchise does not work with E2 Visa and EB-5 Visa candidates.

Is Bud's Place Looking for Franchisees in Canada?

No. Bud's Place franchise is not looking for Canada franchisees.

Is Bud's Place Looking for International franchisees?

No. Bud's Place franchise is not looking for International franchisees.

Where can I see Bud's Place's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Miscellaneous & Unique, Food & Restaurants, Retail, Non Food Franchises

Number of Units Open

LESS THAN 20 UNITS

Cash Required

More than $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

No

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

Bud's Place Franchises for Sale

Click Here to inquire about existing Bud's Place franchises for sale. We may have Bud's Place franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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