Vapestore is one of the largest independently owned vaping companies in the UK, and is part of the Vapouriz Group. The Vapestore franchise program has been running since
2017. The program provides full branding, training and support for experienced business persons looking to open a profitable retail vape store.
Premium quality vaping products
The Vapestore franchise is a chain of retail store offering a complete range of Vapouriz products, as well as premium vaping hardware and top quality e-liquids. All e-liquids are produced in the UK in Class 7 clean rooms, and are among the best available on the market.
The store focuses on providing expertise to the customer. A recently introduced Vapebox tasting station allows customers to taste e-liquids in store, while employees are trained to be able to offer their knowledge as needed.
The store designs are slick, with electronic PoS systems for interacting with the customer, without the need for a countertop. Product categories include e-liquids, vape kits and pod vape kits, coils, tanks and accessories.
Join the e-cig revolution with Vapestore franchises
The Vapestore franchise package comes with a five-year licence of the Vapestore brand, along with a proven business model and full support throughout the entire process of
setting up and running your retail store.
As a franchisee, you will be given full access to the Vapestore product range, as well as the best possible prices on all stock. As part of the package, you will receive help with site selection, full training, electronic PoS and contactless payment systems, multiple channels of marketing and launch campaigns.
Training begins with an intense structured induction program that is designed to bring you and all employees up to a high standard of knowledge when it comes to the products,
sales techniques, and the operational aspects of the business.
The Vapestore franchise offers complete support, including direct support from Head Office, field support from a dedicated Business Development Manager and ongoing support with marketing. You will be able to draw on the knowledge and expertise of industry experts any time you need it, as well as benefiting from the buying power and established relationships of the brand.
How much does the Vapestore franchise cost?
Let’s get down to numbers. The Vapestore franchise fees are a one-off payment of £25,000. This covers the license, the training and support mentioned above, as well as many other perks and features.
The other major costs that you can expect to incur is the fitting out of the shop, which costs in the region of £15,000 - £20,000, depending on the size and current condition. You will also need around £12,000 - £15,000 for the initial stock, and a little extra working capital for lease and other costs.
This means that the minimum you can expect to spend to open a Vapestore franchise is £45,000 – £50,000.
Can I get additional funding through the Vapestore franchise?
The Vapestore franchise has third-party banking partners in place to help franchisees to secure funding. The company suggests that these partners can provide up to 70 per cent of the working capital needed to start up the business.
There is a section that mentions funding on the initial form when you register your interest as a Vapestore franchisee. You can specify whether you will require funding for working capital.
Why choose to invest in a Vapestore franchise over other vaping retailers?
Though the number of tobacco smokers has been on a steady decline over recent years, the number of people vaping is steadily rising.
In 2007, there were around 7 million vapers globally. This number rose to 35 million in 2016, and by 2021 there will be an estimated 55 million vapers. The UK represents the third biggest vaping market in the world, and according to research most people buy their hardware and e-liquid in retail stores.
The Vapestore franchise offers you the opportunity to penetrate this growing market, even if you are new to the industry. They provide complete training and ongoing support, from choosing the site to marketing the business.
With leading business support, it’s little wonder why the Vapestore franchise claimed HSBC Emerging Franchisor of the Year Finalist upon opening in 2017. A proven business
model in a growing industry, the Vapestore franchise model currently touts a 100 per cent success rate, and the program is highly focused on maximizing franchisee profits.
How are the locations selected?
You will be given full support when selecting the right town for your Vapestore franchise.
The location needs to be perfect, so that the footfall meets and exceeds the costs of rent.
This is a process that the Vapestore take very seriously, and a crucial factor in longterm profitability.
Do I need to be a vaping expert to run a Vapestore franchise?
You do not need to be a vaping expert to open a Vapestore franchise. You don’t even need to vape yourself. The Vapestore franchise provides all of the training and support
that you need and is also a supplier of the full range of products.
However, you will be required to demonstrate high level of business knowledge and experience, particularly in the retail sector. Applicants will be individually assessed for
suitability, and will also need to comply with brand standards, such as design and store cleanliness.
When will I see a profit and what profits can be made from a Vapestore franchise?
The first Vapestore ever to open made a turnover of £737,000 and a net profit of over £120,000 in the first year. The same results cannot be guaranteed, but franchisees can
expect to break even within the first six – eight months. So far the franchise program has a 100 per cent success rate, with all units making profit.
How do I enquire about buying a Vapestore franchise?
If you are interested in learning more about the Vapestore franchise, you can fill out the form on this page, including details about your self and your investment interest.
You will be assessed individually to see if you are a suitable match for the business. Once qualified, you will be given help choosing the right location to obtain a profitable footfall.
Next, you will be trained, your shop fitted, and then it’s time to launch your Vapestore franchise.
For now, you can make obligation-free initial contact to get more information.
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For further information on Vapestore, enquire today!
For further information on Vapestore, enquire today!