THE IDEAL CANDIDATE
Someone who has always wanted to own their own business.
Someone who believes that e-cigarettes and vaping is the next “big thing” and wants to get in on the ground floor.
Someone who can lead a team to success in a fun, upbeat and local community based-store.
Financial Qualifications
Net worth $100,000 and Liquid Funds of $30,000 for a new location
Net worth $50,000 and Liquid Funds of $15,000 for a conversion
THE INVESTMENT
Investment in your own business is often an unknown factor. You have to do research, get quotes and find out how much each component will cost. As a franchisor, we have done the hard part and have opened several locations, proving out the estimated costs from low to high in a variety of sized retail spaces acceptable for a Good Guy Vapes retail location.
We cover the overview of investment figures needed to invest in your own Good Guy Vapes store. This includes everything you need to open from your initial fit out, to construction, finding the right location and initial merchandise to stock and sell once you’re open.
Our brand comes with this investment! Owning a shop that has the right curb appeal and attracts loyal customers is key in our industry. We are high end, look attractive and yet, our costs to fit out the shop are lower than many other electronic cigarette retailers.
Another factor, that is NOT in the chart below is the cost of waiting to open. Our aim is to help our owners open as quickly as possible – and we are committed to our franchise owners, guiding you every step of the way.
THE FIGURES
TYPE OF INVESTMENT
Single Unit
Multi-Unit
Conversion
Total Investment
$64,095 to $129,150
Refer to our FDD
$20,325 to $79,350
On-Going Royalties
6% of sales
Reduced royalty figures with sales growth
6% of sales
Reduced royalty figures with sales growth
6% of sales
Reduced royalty figures with sales growth
BRAND DEVELOPMENT
FUND
1% of sales
1% of sales
1% of sales
*A detailed breakdown of the total investment is found on Item 7 of our FDD.
THE OVERALL PACKAGE
Along with your initial investment is our pre-opening and ongoing training programs. The Initial Franchise Training program includes 40 hours conducted at our training center in Fairfield, NJ and local area shops where you can become comfortable in all aspects of owning, managing and running the business – before you actually have to look and feel like an expert. Our pre-opening training program covers comprehensive topics including:
Operations
Marketing
Sales Protocols
Financial Management
Setting Goals
Managing the Business
And Much More
We offer on-going support and training once your shop is ready to open and this is conducted in your store.