Palm Beach Vapors

At a Glance

Products & Services: Electronic cigarettes and related products

Number of Locations: 9

Total Investment: $87.1K - $98.5K

Founded: 2013

Began Franchising: 2013

Franchise Units

Year U.S. Canadian International Company Owned
2014 7 0 0 2
2013 1 0 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $87,100 - $98,450
Franchise Fee: $20,000
Ongoing Royalty Fee: 6.5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $100,000
Liquid Cash Available: $25,000
Operations
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 4. Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 days. At franchisee's location: 2-4 days. Ongoing training as needed
Ongoing Support: Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

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