Bud’s Place Franchise FDD, Profits & Costs (2025)
Bud’s Place is a pioneering franchise concept operating in the emerging market of social cannabis consumption lounges. Founded in 2019 under the parent company Bud’s Place Franchising, LLC, the brand was created to provide a safe, upscale and socially driven environment where customers can legally enjoy their own cannabis in a lounge setting rather than only at home.
The company headquarters is registered in Las Vegas, Nevada (with a corporate address listed in Michigan), reflecting its roots in the U.S. cannabis reform movement.
What sets Bud’s Place apart from traditional bars, dispensaries or smoking lounges is its emphasis on “High. Quality. Fun.”—in other words, an upscale, inclusive social environment built around the cannabis era.
Initial Investment
How much does it cost to start a Bud’s Place franchise? It costs on average between $526,000 – $1,070,000 to start a Bud’s Place franchised facility.
This includes costs for construction, lounge build-out, furnishings, ventilation systems, equipment, and early operating expenses. The exact amount varies based on several factors, including the size and design of the consumption lounge, local regulatory requirements, and whether the franchisee chooses to lease or purchase the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $75,000 |
| Rent – 3 Months | $30,000 to $60,000 |
| Lease & Utility Security Deposit | $10,000 to $30,000 |
| Design & Architect Fees | $5,000 to $12,000 |
| Leasehold Improvements | $250,000 to $500,000 |
| Signage | $3,000 to $13,000 |
| Equipment, Furniture and Fixtures | $90,000 to $200,000 |
| Point of Sale & Computer Equipment | $3,000 to $7,000 |
| Business Licenses & Permits | $5,000 to $17,500 |
| Professional Fees | $2,000 to $6,000 |
| Insurance – 3 Months | $2,000 to $18,000 |
| Initial Inventory | $15,000 to $30,000 |
| Training Expenses | $1,000 to $6,500 |
| Grand Opening Marketing | $10,000 to $20,000 |
| Additional Funds – 3 Months | $25,000 to $75,000 |
| Total | $526,000 to $1,070,000 |
Bud's Place Franchise Disclosure Document
Frequently Asked Questions
How many Bud’s Place locations are there?
As of the latest available information, Bud’s Place has 3 locations.
What is the total investment required to open a Bud’s Place franchise?
The total investment required to open a Bud’s Place franchise ranges from $526,000 to $1,070,000.
What are the ongoing fees for a Bud’s Place franchise?
The ongoing fees for a Bud’s Place franchise include a royalty fee of 7% of gross sales and a marketing/advertising contribution of 1% of gross sales.
Who owns Bud’s Place?
The Bud’s Place franchise is owned by Bud’s Place Franchising, LLC.
Disclaimer
Disclaimer: This content has been made for informational and educational purposes only. SharpSheets is an independent educational resource and is not affiliated with, endorsed by, or representing any franchisor mentioned on this website. Where noted, figures are taken from the franchisor’s Franchise Disclosure Document (FDD). In some cases, we may provide independent calculations or estimates based on publicly available information. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.
All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial and/or legal advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.
