How much does it cost to open a Smoke shope?
Starting a Smoke Shop in your town
To start a Vape Store or a Smoke Shop is as easy as baking a cake as long as you know the recipe and have the proper ingredients to make it a delight for your spectators. BBWSupply is a well-known name in the Vaping Industry when comes to provide the most authentic and best rated vape items in great prices.
BBWSupply truly guides you in terms of vaping inventory, POS mgmt, Sales and Marketing of your business as well as branding your vaping business into a profit making business from day 1. Our team of experts helps you to start a business in little as 30,000 USD including all the required items and documentation required to open your Vape Shop.
What are the costs involved in opening a vape shop?
Unlike many start-ups, you can open a vape shop with a fairly low amount of capital. Industry leaders estimate a budget of $30,000 for a small shop and $50,000 for a large one.
The following items should be included in your budget:
- Lease - this will vary, depending upon your location
- e-cigarette kits and accessories - $10,000
- Accessories - $20,000
- iPad and point of sale software - ,500
If you are considering franchising as an option, budget for an additional $10,000 to $20,000 in franchising fees.
What are the ongoing expenses for a vape shop?
Your estimated monthly costs are between $7,500 and $10,000 and include the following:
- Lease - $2,500 to $5,000 per month
- Insurance - $150 per month
- Payroll and taxes - $3,700 monthly
- Miscellaneous fees - $250 per month
- Marketing - $250/month
This estimate does not include replenishing of inventory. While this will be your largest expense, the numbers vary significantly, based on a number of factors.