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Essay / Vaping Industry Case Study - 1034
It is created by extracting nicotine from tobacco leaves via heated liquid. Flavorings can also be added to the essence and left to sit for several days. Vape stores sell refillable and customizable personal vaporizers. The units use batteries to heat liquid nicotine and convert it into vapor that is inhaled. To open your own vape store, expect to spend around $30,000 to open your doors. This estimate excludes the cost of the product. Expenses include location rent, staff, utilities, furniture and insurance. A few thousand extra dollars are needed to stock a variety of products. This is an enthusiast's market, so the more options available, the greater the sales volume. If you're considering going through a bank, make sure you're loaded with data showing vape store facts, figures, and statistics. Although vape stores are extremely profitable operations, the banks just don't seem to get it. They group vape stores into the high-risk category of “adult entertainment.” Unfortunately, it is difficult to convince them to finance the operation. If you get bank financing, expect exorbitant rates. Instead, try to find other means of financing or venture capital to get started..