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Franchise 500 Rank
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Initial investment
$71K - $106K
Units as of 2021
1 Increase 0.0% over 3 years

Founded in 2014 in South Florida by Marlin Silva, Wake N Vape is a retail business for portable vaporizers and e-liquids. They prioritize quality in their approach to crafting e-liquids and started expanding their business through franchising in 2019. 

Other products they offer besides vaporizers and e-liquids include apparel, smoking essentials, and do-it-yourself supplies for people who want to create their own e-liquids. Additionally, Wake N Vape is a CBD lounge for customers looking for an area to enjoy their smoking products, including providing rig rentals for dabbing CBD concentrates and herbal oils.

Wake N Vape has been franchising since 2019 and is actively looking to expand its reach further throughout the United States.

Why You May Want To Start a Wake N Vape Franchise

If you want to establish a business as the main source for smoking alternatives in your local community, then Wake N Vape could be a suitable franchise for you. They are seeking franchisees with experience in the e-cigarette and smoke shop industries.

Wake N Vape differentiates itself from competitors by crafting high-quality e-liquids through extensive research and development. By taking months to develop each new flavor, they balance ingredients, test flavor notes, and have rigorous quality control standards. Becoming a franchise with a brand that produces high-quality products may offer a more predictable outcome than companies with a less meticulous approach to product development. 

What Might Make a Wake N Vape Franchise a Good Choice?

Wake N Vape provides more than just vaping and smoking products; they support the vaping lifestyle with their lounge and quality-controlled e-liquid flavors. They also have exclusive territories available where a franchise can operate in an area without other Wake N Vape units opening nearby as competition.

A typical franchise agreement runs for ten years. Franchisees may be allowed to renew their agreement if they meet the Wake N Vape requirements. For instance, franchisees must run the business full-time and will need at least five employees.

To be part of the Wake N Vape team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees may also need to meet the company's set net worth requirements. 

How To Open a Wake N Vape Franchise

As you decide if opening a Wake N Vape franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Wake N Vape franchise would do well in your community.  

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees about their experience.

If awarded a franchise, franchisees receive various support from the Wake N Vape company throughout the franchising process. In addition to pre-opening training, franchisees may receive marketing support, site selection, and lease negotiation support, as well as on-the-job training and other continued support after the franchise has opened.

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Company Overview

About Wake N Vape

Industry Retail
Related Categories Miscellaneous Retail Businesses
Founded 2014
Leadership Marlin Silva, CEO
Corporate Address 13350 S.W. 131st St., #108
Miami, FL 33186

Business Overview

Franchising Since 2019 (5 years)
# of employees at HQ 10
Where seeking

This company is offering new franchises in the following US states: Florida

# of Units 1 (as of 2021)

Information for Franchisees

Here's what you need to know if you're interested in opening a Wake N Vape franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$19,900
Initial Investment Information Circle
$71,400 - $106,300
Net Worth Requirement Information Circle
$19,900
Royalty Fee Information Circle
4.5%
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing Wake N Vape has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 25 hours
Classroom Training 15 hours
Ongoing Support
Grand Opening
Site Selection
Marketing Support
Social Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 5
Are exclusive territories available? Information Circle
Yes
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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022