VPZ Franchise
Retail Franchise
Join the UK's Largest Vaping and E-Cigarette Retailer, With Over 170 Stores...
The Demand for Vaping and CBD Products
It is widely believed that products such as vapes and CBD oil are better than their more health hazardous counterparts. Vaping is on the rise. Vapes have fewer harmful ingredients than cigarettes, while proper, official CBD products lack controlled substances like THC, making the oil legal in the UK. Today, CBD and vape products can be found in most supermarkets. CBD (cannabidol) is believed to provide a number of health benefits and as such can be found in foods and drinks.
Today, there are many different brands of vaping and smoking-alternative products. Nicotine supplements, vapes, clearomisers, but its not just their nicotine base that puts them in such high demand. It's their price. With the growing demand for vaping and CBD related products, the franchising sector remains untapped within this market.
CBD Franchise Opportunities
The CBD market worth worldwide is worth £20bn. Yet the market in the UK remains untapped, with just a small number of CBD business opportunities actually franchised. CBD franchises in the UK sell a wide range of products including:
- CBD based e-liquids for vaping
- CBD oils and supplements
- Herbal teas and drinks
- Many more
If you're looking to open a shop in the UK that sells CBD products, why not explore franchise opportunities? When you become a franchise owner, you'll have access to the franchisor's trusted suppliers and partners. This helps you follow best practice when it comes to operating legally, in a sector that is in surging demand.
Vape Shop Franchise Opportunities
Looking to run your own vaping shop? There are a wide range of vape and smoking-alternative brands including Vuse, Elfbar, Velo and Blu. As a vape retailer with a trusted franchise brand, you'll run a highstreet shop retail business with support from the franchisor.
The opportunities within these two sectors are growing. Not just limited to high street retail. Franchise opportunities like Milagro CBD enable you to run a business from home, or on the highstreet. The investment to run a CBD or vape shop can vary anywhere between £10,000 to £50,000, plus premises fit out costs.
How Much Does a CBD or Vape Shop Franchise Cost?
The costs involved with setting up a vaping or CBD shop in the UK consist of the franchise fee, the setup investment and ongoing costs.
Initially, the franchisor will charge a franchise fee. Providing access to the brand, this franchise fee includes access to partners, suppliers and support. Depending on what you get, the fee will vary anywhere between £10,000 upwards. Some home based business opportunities may cost less than this due to their low requirement and overhead footprint.
If you're looking to open a vape shop in the UK, the investment will vary depending on the size of the premises. Fit out according to the franchisor's brand may require signage and fixtures provided by the franchisor's approved supplier/partner. So therefore, depending which supplier the franchisor uses, setup costs will vary. But thanks to buying power associated with franchising, setup can be cheaper via franchising than going it alone.
Ongoing, the franchisor will likely charge a franchise royalty fee. A fee for continued access to the brand. This will cover franchisor's costs like ongoing group marketing and R&D. Running a shop, you'll have your own expenses as well, such as for utilities. Speak to the franchisor to learn more about profits and losses predictions, so you can understand how much you can expect to earn as a franchise owner.
Get into Business Ownership via Franchising
Do you have a strong experience of the vaping or CBD sector and have a desire to run your own business? Why not explore franchising. A route to self-employment, franchise opportunities provide you with more than just a business. The sector is thriving, with support from the franchisor, the British Franchise Association and many banks and businesses actively involved. Discover franchising today, could business ownership be your tomorrow? Discover a world of franchises at Franchise Planet.