If you are considering launching a Unity Road franchise, you need to know what the firm stands for before contacting them. This post will give you all of that and more.
A cannabis retail brand called Unity Rd. was established in 2009 with the goal of fusing the cannabis and franchising industries. In 2017, Unity Rd. started franchising, and it is currently working hard to increase its presence across the entire US. Phoenix, Arizona serves as the corporate home of Unity Rd.
Unity Rd. may be able to assist franchisees to enter the market with confidence and be prepared to serve their community thanks to its extensive franchise expertise and development. The marijuana franchise offers its franchisees the tools, training, and assistance needed to run a Unity Rd. business.
Only Unity Rd. has the expertise in cannabis and a proven track record of franchise development to assemble a network of regional dispensary owners for the benefit of all. The crew as a whole has over 40 industry accolades to its credit after working in the cannabis industry for close to 10 years.
Cannabis has particular regulatory compliance, licensing, cultivation, tax, banking, marketing, and other concerns that make profitability and compliance difficult for even the smartest business owners.
Unity Road franchises have created the safest route into the cannabis market for individuals who wish to compete in the sector, regardless of whether you are an existing multi-unit franchise owner trying to diversify your portfolio or you are completely new to entrepreneurship.
Unity Road franchises are there for you, from assisting with obtaining your dispensary license to helping you open your doors. Franchisees may be active or passive proprietors, with a skilled manager in charge of managing operations.
Step By Step Process on How to Apply for Unity Road Franchise
You should make sure you have the financial resources necessary for an initial investment that consists of a franchise fee and other starting charges before joining Unity Rd. franchise team. Additionally, you should get ready for recurring costs like advertising, royalties, and even renewal fees.
Franchisees must also satisfy the requirements for liquid capital and net worth established by the franchisor. If they were honorably discharged and meet Unity Rd requirements, veterans may be eligible for a discount on the franchise cost.
You must conduct your due diligence and decide if this is the correct opportunity for you before committing any money or signing a contract with Unity Rd. You might choose to consult with current franchisees and query the Unity Rd. franchising staff as part of your due diligence.
It can be a good idea to consult a lawyer or financial expert to be sure you have the funds required to buy a Unity Rd. franchise.
Table of Content
Unity Road Franchise Cost
You must have a minimum of $500,000 in liquid assets and a $2,500,000 net worth in order to open a Unity Road franchise. You will also have to pay a $30,000 franchise fee.
- Liquid Cash Requirements: $500,000 – $1,000,000
- Initial Investment: $546,500 – $1,511,500
- Initial Franchise Fee: $100,000
- Total Investment: $1,000,000 – $2,500,000
- Ongoing Royalty Fee: 5 percent
- Ad Royalty Fee: 2 percent
Unity Road Franchise Requirements
Here are some of the basic requirements you are expected to meet before you can open a Unity Road franchise:
1. Business Experience
You must have the required business experience and business exposure that is required to operate a Unity Road franchise.
2. Business plan
You must have a good and workable business plan in place before you can qualify to open a Unity Road franchise in your city.
3. Good Credit History
You must have a good credit rating and history before you can qualify to open a Unity Road franchise.
4. Minimum Cash Requirement
You must have liquid cash of at least $546,500 at the time of applying for the Unity Road franchise
Unity Rd. is a pioneer in the cannabis sector and they have assisted a lot of their franchise partners in operating their businesses.
While you retain full ownership of your license and business, Unity Road franchise will work with you as a partner to develop a personalized roadmap and supply the helpful materials you’ll need to operate a legal and lucrative dispensary. In other words, they have experience doing this and want to give you a stronger start.