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Date you will start business
Enter the date you expect to open your doors and make your first
sales to customers.
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Customers per day
Enter the number of customers you expect to get in a
typical day. Typical clubs in the Los Angeles area might get 50-150
customers per day. Large clubs have been estimated to get 1,500 or more
customers per day.
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Average number of one-eighth ounce packets bought by
each customer
Enter the average number of one-eighth ounce packets
that the average customer will buy when they come to your store.
Most stores place a limit of one ounce per customer per day.
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Average retail price per one-eighth ounce.
Typical retail prices in Los Angeles are currently $45 to $75 per
one-eighth ounce, depending upon quality and type. Premium varieties may
command higher prices. Prices may vary by location.
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Number of days the store will be open each week
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Average wholesale price of marijuana, per pound.
Enter the average price you expect to pay for wholesale marijuana from
growers. Average wholesale prices of marijuana in the Los Angeles area range
from about $3,500 per pound to $6,000 per pound. Premium varieties command
higher prices.
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Number of employees (besides yourself)
Remember that if your store is open more than forty hours
per week then you will probably need someone to help you. You will also
probably want a day off now and then, so plan for the help you will really
need.
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Monthly salary per employee
Enter the average monthly salary you will pay your
employees. These people are taking a risk with you, and they will be handling
some very valuable materials, along with a lot of cash so pay them well and
treat them with respect
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Other monthly overhead (store rent, utility bills, miscellaneous)
Enter an estimate of all the other expenses each month for
rent, utility bills, office expenses, advertising and other miscellaneous
expenses. See
How Much Does It Cost to Open A Marijuana Club? for
the range of expenses you might encounter. For a typical club, $2,000 a
month might be in the ballpark.
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Your Monthly Salary
Enter the amount of money that you will need to live every month while you are
making your first million.
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