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FRANCHISE RESALES

Buy a Bud’s Place Franchise

Bud’s Place is a social cannabis consumption lounge franchise founded in 2019 and headquartered in West Bloomfield, Michigan. The concept provides adults in states where on-site cannabis consumption is legally permitted with a clean, upscale venue to enjoy cannabis socially, along with food, beverages, entertainment, and accessories. Each location operates under a bring-your-own model, with no dispensing of cannabis on premises.

The lounge model is built around multiple revenue streams: admittance fees, monthly and annual memberships, VIP room access, retail accessories, entertainment programming, and food and beverage sales. Food service is provided through an exclusive partnership with Crave Hot Dogs & BBQ, which supplies a premium menu across all Bud’s Place locations.

Bud’s Place is an emerging franchise concept currently awarding locations in Nevada, California, Colorado, Michigan, and New Mexico. The brand holds International Franchise Association membership and positions itself as the first cannabis-related concept admitted to that organization. Locations require 4,000 to 6,000 square feet and are suited to strip centers, freestanding buildings, or mall settings.

Latest Resales

  • There are currently no Bud’s Place resales available
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Why buy a Bud’s Place Franchise?

The social cannabis consumption lounge category has few direct franchise competitors, giving Bud’s Place early positioning in states with active legalization frameworks. The multi-stream revenue model combines admittance fees, membership packages, food and beverage, entertainment, and retail accessories in one operating footprint. The exclusive Crave Hot Dogs & BBQ partnership brings an established food brand and premium menu to every location.

Veteran and social equity applicants qualify for reduced franchise fees and royalty rates. Multi-unit development agreements are available for operators building a portfolio. Semi-absentee ownership is possible with a qualified general manager in place.

Bud’s Place Franchise Costs & Information

Based on 2023 data reported in the 2024 FDD

  • Brand Profile

    • Year Founded

      2019

    • Franchising Since

      2019

    • New Startup Cost

      $526,000 – $1,070,000

    • Avg. Resale Price

      Contact us for details

  • Franchise Fees

    • Initial franchise Fee

      $75,000

      for new territories

    • Transfer Fee

      $2,500

    • Royalty Fee

      7%

      of Gross Sales or $2,500/week min

    • Marketing Fee

      1%

      of Gross Sales

  • Unit Performance

    • Total Units *

      0

    • New Units Opened *

      0

    • Units Transferred *

      0

    • Avg. Unit revenue *

      Not Disclosed

    * Based on 2023 data reported in the 2024 FDD

Bud’s Place – Additional  Information

  1. Training & Support

    Incoming owners receive 40 hours of classroom training and 46 hours of on-the-job training, covering lounge operations, food and beverage management, staff training, and regulatory compliance. Ongoing support includes field visits, system-wide operational audits, marketing guidance, and a brand development fund. Bud's Place provides an integrated POS and inventory management system, music and entertainment licensing, and cloud-based reporting tools, along with access to an approved vendor network. Resale buyers should confirm with Bud's Place what transfer training and system access are available when ownership changes.

  2. Ideal Owner

    Bud's Place suits operators with a hospitality or service-industry background and comfort with compliance-driven environments. The multi-stream lounge requires managing staff across food service, entertainment, and retail, plus maintaining adherence to local cannabis and health regulations. A sales-oriented approach supports membership conversion and community visibility. No prior cannabis industry experience is required. Semi-absentee ownership is possible with a qualified general manager, making the concept accessible to investors who prefer an oversight role.

  3. Recognition & Awards

    Bud's Place holds International Franchise Association membership and positions itself as the first cannabis-related concept admitted to that organization. Its food partner, Crave Hot Dogs & BBQ, has been named to Fast Casual's Top 100 Movers & Shakers list for five consecutive years through 2025 and was Voted Best Southern BBQ Franchise 2019 by CV Magazine. For resale buyers, brand-level recognition in this emerging category should be weighed alongside the unit's local licensing status, community visibility, and market position within its state jurisdiction.

  4. Industry / Market

    The US cannabis market was valued at approximately $38 billion in 2024 and is projected to grow at a compound annual rate above 11% through 2030. Social consumption lounges are an emerging sub-segment expanding as more states authorize on-site cannabis use alongside adult-use legalization. Demand is driven by legal cannabis users seeking structured, hospitality-quality social venues beyond home consumption. Regulatory selectivity limits which jurisdictions can support the concept, making units in approved markets particularly relevant to resale buyers evaluating territory position.

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