Miracle Leaf vs New Remedies Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Miracle Leaf vs New Remedies including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Miracle Leaf Franchise
New Remedies Franchise
Investment $140,000 - $200,000$157,300 - $416,750
Franchise Fee $49,900N/A
Royalty Fee 10%-
Advertising Fee 3%-
Year Founded 20172019
Year Franchised 20182019
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Miracle Leaf Franchise
New Remedies Franchise
Experience --

Financing Options

 
Miracle Leaf Franchise
New Remedies Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/Yes-/-
Payroll -/Yes-/-

Training & Support

 
Miracle Leaf Franchise
New Remedies Franchise
Training On-The-Job Training: 14 hours Classroom Training: 14 hours -
Support Grand Opening -
Marketing --
Operations Number of Employees Required to Run: 5-

Expansion Plans

 
Miracle Leaf Franchise
New Remedies Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

About Miracle Leaf

Owning a Miracle Leaf provides you an opportunity to partner with an industry leader in a highly competitive industry whose sales grow more and more annually. Do not let the competitive nature of the industry stifle you. Our concept is unlike any other.  We have geared our company to provide you with knowledge, support and training that will allow you to effectively meet and surpass any consumer expectations.
We offer two different types of franchise opportunities. You can choose to own a single unit franchise which allows you to operate your own Miracle Leaf in a protected territory of your choice. We also offer area development Franchises for those looking to lock down a larger territory and slowly build a series of Miracle Leaf locations/territories.
Miracle Leaf offers a comprehensive and hands on training program in order to ensure that franchisees are 100% equipped with the knowledge,skills and expertise to successfully operate their own center. Our multi-phase training includes hours of hands on training at one of our already established locations in addition to many hours of ongoing support at your newly established location.

About New Remedies

"New
We believe at New Remedies that CBD is a reliable, effective, and fast growing alternative to existing over the counter remedies. Our goal is to provide our franchisees with products that guarantee legal compliance to ensure operation, and provide our New Remedies Customers with confidence that every product from a New Remedy shelf is safe, and tested. New Remedies stores carry specific, and exclusive brands. That is why we want you to join this movement with us. Don’t settle on selling generic products like everyone else, instead commit to the future of CBD. New Remedies offers a variety of Franchise Opportunities in 38 US States and Territories. Combined with our Franchise Strategy, and Strategic Partnerships entering the CBD space by joining the New Remedies Movement is an unrivaled experience.

The total investment necessary to begin operation of a New Remedies Store franchise is:
  • Traditional Store: $157,300 - $416,750
  • Kiosk: $158,800 - $323,750
  • Vending Machine: $86,900 - $171,650
  • Digital Approach Kiosk: $25,300 - $134,250
  • Multi-Unit Development Agreement (3 - 5 Traditional Stores): $43,000 - $65,000