Franchise Deep Dive: Good Guy Vapes’ Franchise Costs, Fees, Profit and Data

Good Guy Vapes is a New Jersey-based retail franchise that specializes in vaping and smoking products. The company aims to assist individuals in discovering alternatives to conventional smoking.

Good Guy Vapes started out as a small vape shop that its founders modeled on the kind of place that they, themselves, would want to shop at. Since its founding in 2013, the franchise has grown to over 35 locations across six states.

At Good Guy Vapes, the mission is “to provide the highest quality vape, glass and hemp products at the best possible price with the best customer service worthy of our name.” The retailer sells vapes and accessories, cannabidiol (CBD), and hookah. The franchisor will provide franchisees with recommendations on new products as well as provide training on its features.

Franchisees do not necessarily need to be owner operators at their store and can hire a general manager to run day-to-day operations. Once a franchisee becomes a Good Guy Vapes owner, they will receive support in operations to get up and running quickly. The brand will help owners evaluate real estate options, select the equipment they will need and offer step-by-step guidance to help fit out each Good Guy Vapes location. Once franchisees commit to a location and sign a lease, they should be able to open in three to six months.

The amount that Good Guy Vapes franchise owners make is not publicly available.

Good Guy Vapes offers single-unit, multi-unit and conversion opportunities. Here are the investment costs for each:

• Initial franchise fee: $20,000

• Total investment: $67,095 to $132,150

• Ongoing royalties: 6% of sales (reduced royalty figures with sales growth)

• Brand development: 1% of sales

• Initial franchise fee: $20,000+$5,000 Per additional store at time of entering franchise agreement.

• Ongoing royalties: 6% of sales

• Total investment: $23,325 to $84,350

The franchise fee for Good Guy Vapes is $20,000.

• Shoaib Iqbal — Chief Executive Officer

• Jehad Zeidan — Chief Operations Officer

• Patrick Ganon — Chief Financial Officer

• Julian Seepaul — Director Of Operations

• Rich Capone — Director Of Quality Assurance

• Michelle Chung — Director Of Franchising

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