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Below is an in-depth analysis and side-by-side comparison of VaporFi vs Palm Beach Vapors including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $137,200 - $287,700 | $75,000 - And Up |
Franchise Fee | $29,900 | $20,000 |
Royalty Fee | 3% | - |
Advertising Fee | 2% | - |
Year Founded | 2013 | - |
Year Franchised | 2014 | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-The-Job Training: 27 hours Classroom Training: 35 hours Additional Training | - |
Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | We have streamlined operations to include purchasing, inventory control, staffing and daily sales activities. Our point-of-sale system also makes it easy for you to manage sales transactions and initiate reporting. |
Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
Operations | Number of Employees Required to Run: 3 | Most of our stores are open seven days a week. We are open on Sunday's due to most other vapor stores NOT being open on Sunday. Suggested business hours are from 10am until 8pm. We recommend having a store manager, which would allow you to spend more time working "ON" the business instead of working "IN" the business. |
Expansion Plans |
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US Expansion | Yes | No |
Canada Expansion | - | - |
International Expansion | Yes | - |
If you’re searching for a way to get your foot in the door of the booming vape industry, you want to consider a Vaporfi franchise backed by International Vapor Group. Not only does our company manufacture the highest quality and most recognized vape pens, mods, and vape accessories on the market, but our management team has a combined 100+ years of experience in manufacturing, distribution and retail.
We give our vape shop franchise owners the tools needed to succeed.