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General

Industry

Retail Products and Services

Category

Specialized

Works with Franchise Brokers

No

Year of Founding

2019

Fees

Marketing Fee

4%

Royalty Fee

6%

Franchise Fee

$15,000-$15,000

Investment Range

$62K-$120K

Location units

Total U.S. Locations

N/A

U.S. Franchised Units

N/A

U.S. Corporate Units

N/A

Headquarters (City)

Kansas City

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2019

Issuance of FDD Data

05/01/2019

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$62K-$120K

Franchise Fee

$15,000-$15,000

What to know about Hemp Haven franchise?

Hemp Haven is a franchise that offers Industrial Hemp products. Some of their products include: clothing, food, paper, and construction materials. Their franchisees are located all over the world, in countries such as the United States, Canada, Australia, and New Zealand. Hemp Haven was founded in 2014 by two entrepreneurs, John W. Roulac and Sean Conner. Their mission is to provide a sustainable and eco-friendly alternative to traditional materials and products. Hemp Haven is committed to offering franchisees the highest quality products and services possible.

Hemp Haven is based in Kansas City, MO. Scroll down to learn more!

How much does a Hemp Haven franchise cost?

Are you wondering how much is a Hemp Haven franchise? Before starting a Hemp Haven franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Hemp Haven franchise is $62,000 and can go all the way up to $120,000. Keep in mind, you should also allocate additional funds to live off of while the Hemp Haven business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Hemp Haven franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Hemp Haven business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Hemp Haven franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Hemp Haven. Hotels to the Specialized, Outdoor Retail Products and Services industry.

Additional Details

How much does a Hemp Haven franchise owner make?

Hemp Haven franchise earnings and revenue can vary significantly from one franchisee to another.
The Hemp Haven franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Hemp Haven unfortunately does not disclose financials on how much Hemp Haven franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, Hemp Haven does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with Hemp Haven franchisees. Do note that Hemp Haven is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 Hemp Haven franchisees to understand how much money they are making from their Hemp Haven business.

You should also speak to former Hemp Haven franchisees to understand why they left the system. Did they sell their Hemp Haven at a profit? Were they forced to close their Hemp Haven franchise down because it kept losing money?

What is the Hemp Haven franchise fee?

Owning a Hemp Haven franchise requires 6% royalty fee and 4% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Hemp Haven Franchise Disclosure Document

Keep in mind, there is also an initial Hemp Haven franchise fee of $15,000 that is included in the initial investment amount of $62,000 to $120,000. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Hemp Haven franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Hemp Haven franchise fee of $15,000.

Visit the Hemp Haven metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Hemp Haven founded?

Hemp Haven started offering franchises in 2019. Hemp Haven was founded 3 years ago in 2019.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Hemp Haven locations are in the U.S.?

As of 2019, there were 0 locations across the U.S. There are also 0 corporate locations. Most Retail Products and Services franchises like Hemp Haven have more franchised locations than corporate locations.

How many Hemp Haven franchises opened over the past few years?

Over the prior 3 years we have data for, Hemp Haven has opened 0 outlets throughout the U.S. Visit the Hemp Haven metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Hemp Haven franchises closed over the past few years?

Over the prior 3 years we have data for, Hemp Haven has closed 0 outlets throughout the U.S

Visit the Hemp Haven metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is Hemp Haven growing? Are they opening more locations than they are closing?

The net unit growth rate for Hemp Haven over the past 3 years is 0%. Over the last year we have data for, Hemp Haven had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Hemp Haven growth rate compares to 2,000+ other franchises and Industry franchises like Hemp Haven. More info in the Hemp Haven metrics tab.

Is Hemp Haven franchise eligible for an SBA Loan?

Hemp Haven is not eligible for SBA loans including the 7(a) loan last time we checked.

Hemp Haven franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Hemp Haven that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Hemp Haven a franchise in the United States?

According to the SBA, Hemp Haven does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Hemp Haven provides you with an FDD if you are in discussion to buy a Hemp Haven

What is the Hemp Haven Franchise for Sale Rate?

The Hemp Haven systemwide health and franchisee satisfaction can be measured by the Hemp Havenfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Hemp Haven franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Hemp Haven had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Hemp Haven franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Hemp Haven. More info in the Hemp Haven metrics tab.

What is the Hemp Haven Franchise Failure Rate?

Hemp Haven franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Hemp Haven failure rate over the past 3 years is 0%. Over the last year we have data for, Hemp Haven had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Hemp Haven franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Hemp Haven. More info in the Hemp Haven metrics tab.

How can I find out more details on Hemp Haven franchise?

Visit the Hemp Haven metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Hemp Haven

$91,000

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Hemp Haven

6%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Hemp Haven

$15,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Retail Products and Services

Category

Specialized

Works with Franchise Brokers

No

Year of Founding

2019

Fees

Marketing Fee

4%

Royalty Fee

6%

Franchise Fee

$15,000-$15,000

Investment Range

$62K-$120K

Location units

Total U.S. Locations

N/A

U.S. Franchised Units

N/A

U.S. Corporate Units

N/A

Headquarters (City)

Kansas City

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2019

Issuance of FDD Data

05/01/2019

Detailed Franchise metrics for Hemp Haven

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Hemp Haven below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Hemp Haven

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Hemp Haven

NA

0%

Industry median

All franchises median

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Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Hemp Haven

NA

0%

Industry median

All franchises median

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Business details

Website

http://www.hemphaven.store/

Business email

i***@hemplifeonline.com

Mailing address

2002 Main St

State headquarters

Missouri

Contact Name

Hemp Haven

Phone

+1 (000) 0********00

City

Kansas City

Zip code

64108
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