THE INVESTMENT
FINANCIAL
QUALIFICATIONS
▶ New Location: Net Worth $100,000 and Liquid Funds of $30,000
▶ Conversion: Net Worth $50,000 and Liquid Funds of $15,000
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.
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.
SINGLE UNIT
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▶$20,000
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▶ $67,095 - $132,150
-
▶ 6% of Sales
▶ Reduced royalty figures with sales growth -
▶ 1% of Sales
MULTI-UNIT
-
▶$20,000
▶+$5,000 Per additional store at time of entering franchise agreement.
▶Refer to Franchise Disclosure Document
-
▶ Refer to our Franchise Disclosure Document
-
▶ 6% of Sales
-
▶ 1% of Sales
CONVERSION
-
▶Refer to our Franchise Disclosure Document
-
▶ $23,325 - $84,350
-
▶ 6% of Sales
▶ Reduces royalty figures with sales growth -
▶ 1% of Sales
*A detailed breakdown of the total investment is found on Item 7 of our Franchise Disclosure Document.
FAQ:
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▶ The ideal candidate for a franchisee is someone who has a passion for helping others find an alternative to smoking traditional cigarettes. They believe that e-cigarettes and vaping is the next “big thing” and wants to get in on the ground floor. They understand our standard for customer service and can lead a team to success in a fun, upbeat and local community based-store.