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Below is an in-depth analysis and side-by-side comparison of VaporFi vs Vapor Shark 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 | $118,775 - $200,000 |
Franchise Fee | $29,900 | $25,000 |
Royalty Fee | 3% | - |
Advertising Fee | 2% | 2% |
Year Founded | 2013 | 2012 |
Year Franchised | 2014 | 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 | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | On-The-Job Training: 27 hours Classroom Training: 35 hours Additional Training | On-The-Job Training: 46 hours Additional Training: As needed |
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 | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection |
Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
Operations | Number of Employees Required to Run: 3 | Absentee Ownership Allowed Number of Employees Required to Run: 2 |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | - | - |
International Expansion | Yes | 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.