Incredible opportunity to own a piece of the rapidly expanding vape and e-cigarette market with very little risk and low entry cost. The business has been established since late 2014 and serves a very loyal clientele in an affluent and growing part of Fairfax County, Virginia!
The shop carries a variety of premium e-juice brands, starter kits, drippers, atomizers, etc. Their mission is to fit their customers with the best products to improve their lifestyle as the current owner experienced the benefits of vaping vs smoking cigarettes first-hand, so they started this business to help others in the community fight their cigarette addiction.
So far the business has been a great success and there are lots of opportunity for growth by adding additional product lines or becoming an exclusive distributor for the many different companies in the industry. A new owner could also sell cigars, cigarettes, and hookah which will help grow the business by offering additional profit centers and appeal to other customers, also creating greater customer retention. A new owner could also get into manufacturing their own vape liquids/Juices which will increase margins greatly since they would no longer have to buy them from a manufacturer. Increasing awareness through social media and online marketing is easy and cost effective to get new customers. The sky is the limit!
The owner is planning to move out of the area and decided to sell the business at a price less than the original start-up cost making this a great deal for someone that is already in the industry looking to open an additional location or a first-time business owner as the business model is extremely easy! Don’t let this opportunity go up in smoke and contact us today!
The 1,000 sq ft retail store is located in a small, quaint commercial/retail condo shopping plaza. Rent is approx. $2,300/mo and includes major utilities. The shop is easy to access and has great visibility just off a highly traveled road. There is plenty of space inside the shop to expand its product lines and offerings.
There are several opportunities for growth with this business. The first, and perhaps one of the most lucrative is to create and manufacture the vape liquids/Juices vs. buying them from a wholesaler and selling them. The owners did a great job branding the business, so it can easily be franchised or open additional locations under a corporate umbrella. Currently the store only sells in their brick and mortar store location, but a new owner could easily add an online retail component. Additional products can also be added by establishing relationships with more manufacturers and vendors, and perhaps selling actual tobacco products like cigarettes, cigars, or hookah, as well as other supplies and accessories that fit within the business model.
There is limited competition in the immediate area. The other shops that are nearby don’t offer the high-end products that this shop features which allows for a higher average sales ticket and margins.
Seller moving out of state.
Seller will provide necessary training & support.