Franchising Opportunities – Want to Have Your Own E-Cig Shop?
Find out how you can open your very own franchised vaping store with VaporFi and the
International Vapor Group
Ever dreamed of owning your own shop? Of being your own boss? Are you a vaper? Why not open up your own
Of course, from experience we know that this is easier said than done. Forbes' calculates that approximately 543,000 small businesses get started each
month, and yet each month more employer businesses shut down than start up. In other words, it can be
brutal to start your own business these days, especially in today's economic climate.
One opportunity that is often not considered is a franchise store. Whether you are an avid vaper wanting
to make your mark on the e-cig community, or an eager entrepreneur looking to get a foot in the door of
the booming e-cig industry—or perhaps a little bit of both—then we invite you to consider the lucrative
franchising opportunities with VaporFi and the International Vapor Group (IVG).
Keep reading to find out more about how franchising works, the benefits of this business model, and what
VaporFi can offer you.
How Franchising Works
Franchising is a business strategy wherein a company is able to enlarge its market influence more quickly
and less expensively by contracting out their business model and brand to various individuals, typically
called "store operators." In return, the operator pays the franchisor an initial fee and/or a specified
percentage of sales throughout the term of the franchising contract.
Essentially, franchising is way for individuals who want to operate and run their own business to
establish a relationship with a proven successful company in order to use its resources and get a faster
ROI, or return on investment.
Currently, there are an estimated
2,500 franchises in the U.S., and over 600,000 units. In fact, some of the biggest businesses in the
country have utilized the franchise business model to grow their company – examples include such
household names as Subway, McDonald's, 7-Eleven, H&R Block, Great Clips and Dunkin' Donuts are all
Benefits of the Franchise Business Model
For a franchisor, this business model offers a less risky alternative to expanding their distribution and
marketing in a way that does not have as much liability or overhead costs compared to building chain
In return, franchisees, or the store operator, profits from this business relationship in several ways,
- Reduction of risk – franchises usually get up and running faster, therefore
becoming profitable sooner than if you start a small business from scratch
- Better management – the Small
Business Administration (SBA) says weak management is the leading culprit behind why most small
businesses fail; however, in franchising—particularly the management team at the wheel of IVG and
VaporFi—managerial strength is what shines brightest
- Lower overhead costs – franchisees tend to get better deals from suppliers since
the franchisor purchases bulk goods for the entire chain and has better leverage when haggling over
price; these savings are then passed onto the franchised units
- Instant customer base – as a franchisee, you have the right to sell and profit from
an established product that is has already been "tried and tested" in the market; this means regular
customers that are already familiar with your product from the start
Lastly, for the most important group—the customers—one of the main advantages of franchising is being
able to trust the reliability and durability of the product they are buying and the customer service
they can expect to receive. As a customer shopping at a franchised store, you can generally count on the
fact that the quality of the product and/or service will be comparable with another location.
Why Franchise with VaporFi?
With e-cig sales projected to exceed $2 billion in 2014 and continuing to break records, opportunities in
the vaping industry are virtually limitless—and franchising with VaporFi is one of the best. As one of
the most popular manufacturers of superior, high-quality digital
cigs nationwide, VaporFi and IVG are able to offer a low overhead business model—which means
more savings and profit for you—and the flexibility to let you decide where your store is located and
what store format you prefer (i.e. kiosk, mall store, free-standing store, etc.) And that's just the tip
of the iceberg!
If you are interested in finding out more about VaporFi franchising, then you will definitely want to
check out our e-cig franchising information page for more
details on how to apply, the on-site training and support process, and the many advantages of joining
the awesome IVG team by opening up your own VaporFi store.
Also, feel free to talk directly with a member of our customer support team and request more information
by calling us toll-free at 1-855-93-VAPOR (1-855-938-2767). We look forward to hearing