Among today’s industries franchising is one of the most widely used business models. This is due to the pre-set business format and ongoing support the franchise outlet owner receives from the main franchise. The vapor franchise market, although one of the newer industries, is one of the fastest growing business opportunities. It is expected to expand considerably within the next ten years due to the massive growth in the e-cigarette market.
According to Researchandmarkets the global e-cigarette market is expected to grow to $50 billion by the 2025. Experts report that the e-cigarette market should experience staggering growth through 2017. Although the industry will still see significant growth after, by 2017 most of the regulations and policy frameworks governing vaping will be in place putting some pressure on the business.
The popularity of e-cigarettes and vaping has grown in part due to the regulations and health issues associated with traditional cigarettes and other tobacco products. Although there is ongoing debate among the healthcare community, many feel due to the fact that e-cigarettes are a tobacco free product they are a safe alternative to traditional tobacco cigarettes. With the extensive public bans on smoking traditional cigarettes, this is another area where e-cigarettes have gained popularity. At this time there are few restrictions on where a smoker can enjoy an e-cigarette or other vaping products. The wide variety of types of e-cigarettes, vaporizers and e-liquid flavors is a major draw for consumers compared to the lack of diversity in traditional cigarettes and tobacco products.
The variety and quality of products available for vaping has helped boost the vapor industry. Vapor franchising has grown to be much more than just a shop to purchase vaping supplies from. Vapor franchise products such as e-liquids have become in-house products created, made and sold by the franchise. Vapor shops have grown into lounges with upscale state-of-the-art designs and layouts. Smokers not only purchase supplies in vapor stores, they go to have a more personalized experience.
There are several benefits to owning a vapor franchise outlet. The timing to invest in a vapor store franchise couldn’t be any better. Vaping as an industry is still in its infancy. With a handful of franchise businesses, there is currently no serious competition. A vapor shop itself can be operated in a relatively small retail space. With this work environment a vapor shop can be run with very few employees. Few other retail businesses can generate the type of sales per square foot that a vapor store can.
There are many benefits to investing in a vapor store franchise versus going it alone. When you buy into a franchise you are purchasing a pre-set business model. This increases your chances that you can set-up and start running your business quickly. Franchise stores also have ongoing support from the main franchise to assist with running and building your business. With the staggering growth in the vaping industry, now is the time to take the opportunity to invest in a vapor franchise store.
References:
- “Global E-cigarette and Vaporizer Market-Analysis and Forecast Through 2015 to 2025
26 April 2016
http://www.researchandmarkets.com/reports/3244019/global-e-cigarette-and-vaporizer-market
