Office ID: #000635
Prime retail franchise vape store specializing in high-end vaporizers and high quality name brand e-juices is available for acquisition. This business was originally established in 2015 by the current owner of the business. Most of the customers are middle to upper-class professionals around the age of 18-35 that work in the corporate offices nearby the business as well as individuals that live in the densely populated residential neighborhoods. The area this business is placed in is known to house more than 40% of their population with corporate employees. Net sales were $730,000/year in 2017 and have drastically increased over the last couple years which are expected to increase further in the year of 2018. Although some marketing is done online and through conventions, other proactive marketing methods need to be utilized in the local area to generate more cash flow and acquire new customers throughout the city. Competition can be expected for this type of business industry, but the competitors within the local area are mostly mom and pop shops that doesn't carry many well-known e-juice brands as well as a variety of high tech vaporizers. There are some ways to proactively market this business such as direct mailing and possibly expanding to other social media outlets. Owner involvement for this business will be crucial as the current owners work full-time fully reaping the benefits of increased cash flow and quality of the business as the owners doesn't need to hire management. This franchise vape store has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.
This vapor store is located in a 1,730 SF retail strip center that is surrounded by many retail businesses and corporation that brings a consistent amount of traffic to this area.
Some marketing is done online and through radio ADs, but other proactive marketing methods needs to be fully utilized to generate more cash flow and acquire new customers in untapped areas.
Some competitors are within the immediate market area, but these competitors are mom and pop shops with standard products while this business provides a wide selection of premium brands.
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.