VIDEO: How to Create a Dispensary Budget
In this short video, Melanie explains how to create a dispensary budget and exactly what costs go into designing the retail area of your hemp, CBD or cannabis dispensary. If you would like a copy of the free dispensary budget guide, fill out the form below. If you would like us to send you the google dispensary design cost budget sheet, send us an email at [email protected].
Dispensary Design Cost Intro
How to Create a Dispensary Design Budget
Creating a realistic budget allows you to implement your design and still splurge on special “wow factor” pieces. Your budget will include things like rent, licensing and permitting fees, initial inventory, equipment and tech, checkout materials like bags, web hosting, janitorial supplies and services, business insurance, advertising and marketing, exterior signage and professional services. In the video above, Melanie shares that cabinetry and design fees can be two of the highest ticket items in your retail design. There are hundreds of online retail budgeting programs to help you track these expenses.
Remember, you want to spend your dollars where you will get them back the most, displaying your highest profit margin product and adding a creature comfort you know your ideal customer will love. That awesome selfie wall that draws people in, for example. Use this sample design budget as a guideline and tweak it to fit your needs.
Every month we select a content theme related to interior design for cannabis, CBD and hemp dispensaries. Our focus in June is profits, budgets and merchandising. In case you missed it, in this post we covered merchandising for profit, and in this post Melanie gives her top five ways to compete against bigger, better-funded dispensaries.
To learn more about how to create a dispensary budget and what to consider when budgeting for dispensary design costs, please feel free to contact the Sungrown Studio Team.