Bud’s Place is an innovative franchise concept positioned within the fast-growing sector of cannabis consumption lounges. Launched in 2019 by Bud’s Place Franchising, LLC, the brand was developed to give adults a comfortable, stylish and legally compliant venue where they can enjoy their own cannabis in a social atmosphere rather than being limited to private use at home.
The franchise is based in Las Vegas, Nevada, while also maintaining a corporate presence in Michigan, a reflection of its connection to the broader wave of cannabis legalization across the United States.
What makes Bud’s Place distinctive is its focus on creating a premium, community-oriented space centered on cannabis culture. Instead of mirroring the feel of a bar or traditional lounge, the brand promotes a high-quality, welcoming experience designed around its motto: “High. Quality. Fun.”
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Bud’s Place Franchising, LLC provides a structured and multi-phase training program to ensure that franchisees and their staff are fully equipped to operate a lounge effectively. Here’s a breakdown of the training programs:
Bud’s Place Franchising, LLC does not grant exclusive territory protection to its franchisees. While the franchisor assists in site selection and provides a designated territory for marketing purposes, the franchisee is not guaranteed exclusive rights to that territory.
This means other Bud’s Place franchises or company-owned lounges may operate in the same or nearby areas, potentially creating market competition. Despite having a designated area for local marketing, the franchisor retains broad rights to operate or license other Bud’s Place Lounges without geographic restriction.
Franchisees are required to invest in local advertising and receive support for brand development, but the franchisor is not obligated to ensure proportional marketing expenditures in any one area.
KEY FRANCHISE STATS
All you need to know about this franchise
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