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General

Industry

Retail Products and Services

Category

Convenience Store

Works with Franchise Brokers

No

Year of Founding

2014

Fees

Marketing Fee

2%

Royalty Fee

3%

Franchise Fee

$29,900-$29,900

Investment Range

$137K-$293K

Location units

Total U.S. Locations

30

U.S. Franchised Units

21

U.S. Corporate Units

9

Headquarters (City)

Miami Lakes

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2014

Issuance of FDD Data

05/17/2018

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$137K-$293K

Franchise Fee

$29,900-$29,900

What to know about VaporFi franchise?

VaporFi is one of the most popular e-cigarette brands on the market. They offer a wide variety of products, including starter kits, mods, and e-liquids. Their products are known for their quality and performance. VaporFi has a strong commitment to customer satisfaction, and they offer a money-back guarantee if you're not satisfied with your purchase. Their starter kits include everything you need to get started vaping, including the device, batteries, charger, and e-liquid. Their mods offer more advanced features and allow clients to customize their vaping experience. VaporFi's e-liquids are available in a variety of flavors and nicotine strengths. They also offer a wide selection of accessories, such as tanks and coils.

VaporFi is based in Miami Lakes, FL. Scroll down to learn more!

How much does a VaporFi franchise cost?

Are you wondering how much is a VaporFi franchise? Before starting a VaporFi franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a VaporFi franchise is $137,200 and can go all the way up to $292,700. Keep in mind, you should also allocate additional funds to live off of while the VaporFi business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 VaporFi franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a VaporFi business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your VaporFi franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare VaporFi. Hotels to the Convenience Store, Outdoor Retail Products and Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 18 4 2 20
2017 20 2 1 21

Additional Details

How much does a VaporFi franchise owner make?

VaporFi franchise earnings and revenue can vary significantly from one franchisee to another.
The VaporFi franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

VaporFi unfortunately does not disclose financials on how much VaporFi franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.

Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, VaporFi does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with VaporFi franchisees. Do note that VaporFi is not alone as about 40% of franchises do not disclose franchisee financial performance.

At Vetted Biz, we suggest you to speak with 5 to 10 VaporFi franchisees to understand how much money they are making from their VaporFi business.

You should also speak to former VaporFi franchisees to understand why they left the system. Did they sell their VaporFi at a profit? Were they forced to close their VaporFi franchise down because it kept losing money?

What is the VaporFi franchise fee?

Owning a VaporFi franchise requires 3% royalty fee and 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the VaporFi Franchise Disclosure Document

Keep in mind, there is also an initial VaporFi franchise fee of $29,900 that is included in the initial investment amount of $137,200 to $292,700. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the VaporFi franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the VaporFi franchise fee of $29,900.

Visit the VaporFi metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was VaporFi founded?

VaporFi started offering franchises in 2014. VaporFi was founded 8 years ago in 2014.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many VaporFi locations are in the U.S.?

As of 2018, there were 21 locations across the U.S. There are also 9 corporate locations. Most Retail Products and Services franchises like VaporFi have more franchised locations than corporate locations.

How many VaporFi franchises opened over the past few years?

Over the prior 3 years we have data for, VaporFi has opened 6 outlets throughout the U.S. Visit the VaporFi metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many VaporFi franchises closed over the past few years?

Over the prior 3 years we have data for, VaporFi has closed 3 outlets throughout the U.S

Visit the VaporFi metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is VaporFi growing? Are they opening more locations than they are closing?

The net unit growth rate for VaporFi over the past 3 years is 0%. Over the last year we have data for, VaporFi had a net unit growth rate of 5%.

Without a comparison, this number doesn’t mean much. Compare how the VaporFi growth rate compares to 2,000+ other franchises and Industry franchises like VaporFi. More info in the VaporFi metrics tab.

Is VaporFi franchise eligible for an SBA Loan?

VaporFi is not eligible for SBA loans including the 7(a) loan last time we checked.

VaporFi franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like VaporFi that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is VaporFi a franchise in the United States?

According to the SBA, VaporFi does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that VaporFi provides you with an FDD if you are in discussion to buy a VaporFi

What is the VaporFi Franchise for Sale Rate?

The VaporFi systemwide health and franchisee satisfaction can be measured by the VaporFifranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

VaporFi franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, VaporFi had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the VaporFi franchise for sale rate compares to 2,000+ other franchises and Industry franchises like VaporFi. More info in the VaporFi metrics tab.

What is the VaporFi Franchise Failure Rate?

VaporFi franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

VaporFi failure rate over the past 3 years is 14%. Over the last year we have data for, VaporFi had a franchise failure rate of 5%.

Without a comparison, this number doesn’t mean much. Compare how the VaporFi franchise for sale rate compares to 2,000+ other franchises and Industry franchises like VaporFi. More info in the VaporFi metrics tab.

How can I find out more details on VaporFi franchise?

Visit the VaporFi metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

VaporFi

$214,950

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

VaporFi

3%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

VaporFi

$29,900

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

General

Industry

Retail Products and Services

Category

Convenience Store

Works with Franchise Brokers

No

Year of Founding

2014

Fees

Marketing Fee

2%

Royalty Fee

3%

Franchise Fee

$29,900-$29,900

Investment Range

$137K-$293K

Location units

Total U.S. Locations

30

U.S. Franchised Units

21

U.S. Corporate Units

9

Headquarters (City)

Miami Lakes

Other

Item 19 - Franchise Financials

No

E-2 Visa Eligibility

No

Started Offering Franchises

2014

Issuance of FDD Data

05/17/2018

Detailed Franchise metrics for VaporFi

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for VaporFi below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

VaporFi

0%

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

VaporFi

NA

0%

Industry median

All franchises median

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Franchise Disclosure Document

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

VaporFi

NA

14%

Industry median

All franchises median

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Business details

Website

http://www.vaporfi.com/

Business email

f********@vaporfi.com

Mailing address

14300 Commerce Way

State headquarters

Florida

Contact Name

VaporFi

Phone

+1 (000) 0********00

City

Miami Lakes

Zip code

33016
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