CBD Business Plan Template [Updated 2024]

/ 9319 0

I. Executive Summary

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Business Overview

[Company Name] is a new CBD shop located in [insert location here] that sells a variety of hemp and CBD-infused products. Our products can help customers manage their chronic pain and anxious feelings or generally support their overall well-being.

The shop will offer a wide variety of CBD and hemp products to choose from, including edibles, oils, topicals, and capsules.

Products Served

[Company Name] will offer customers a wide range of CBD and hemp products. Some of our initial products will include:

  • Oils
  • Edibles
  • Topicals and body care products
  • Capsules
  • Flowers

Customer Focus

[Company Name] will primarily serve the residents who live within a 5-mile radius of the store. The demographics of these customers are as follows:

  • 82,543 residents
  • Average income of $42,000
  • 38% married
  • Median age of 38 years

Management Team

[Company Name] is led by [Founder’s Name], who has been in the CBD/hemp business for [X] years. Before starting [Company Name], he worked at several CBD/hemp shops, spending most of that time in management positions. As such, [Founder’s Name] has an in-depth knowledge of the hemp/CBD business, including the operations (e.g., running day-to-day operations) and management (e.g., staffing, marketing, etc.) sides of the industry.

Success Factors

[Company Name] is uniquely qualified to succeed due to the following reasons:

  • There are currently very few CBD/hemp stores in [insert location here], meaning there is little competition.
  • Our location is in a high-volume traffic area and thus will be highly convenient to a significant number of passersby each day.
  • The management team has a track record of success in the CBD business.
  • With more relaxed state and local laws, CBD and hemp products are increasing in popularity and demand.
  • The residents of [insert location here] overwhelmingly support the use of CBD and hemp products, meaning we have a large demographic that will potentially patronize our business.

Financial Highlights

[Company Name] is currently seeking $370,000 to launch. Specifically, these funds will be used as follows:

  • Store design/build: $200,000
  • Initial inventory: $50,000
  • Working capital: $120,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even

Top line projections over the next five years are as follows:

Financial SummaryFY 1FY 2FY 3FY 4FY 5
Revenue$560,401 $782,152 $1,069,331 $1,379,434 $1,699,644
Total Expenses$328,233 $391,429 $552,149 $696,577 $776,687
EBITDA$232,168 $390,722 $517,182 $682,858 $922,956
Depreciation$7,000 $7,000 $7,000 $7,000 $7,000
EBIT$225,168 $383,722 $510,182 $675,858 $915,956
Interest$6,016 $5,264 $4,512 $3,760 $3,008
Pre Tax Income$219,152 $378,458 $505,670 $672,098 $912,948
Income Tax Expense$76,703 $132,460 $176,985 $235,234 $319,532
Net Income$142,449 $245,998 $328,686 $436,864 $593,416
Net Profit Margin25%31%31%32%35%
Pages : 1 2 3 4 5 6 7 8 9 10