In just a little more than two years, You Suck Vapes has already expanded its operations to seven locations all across Oklahoma State, along with two more stores in the pipeline.
How did the company manage to expand so fast in so short a time despite the stiff competition?
According to the report, “Vapor Products Market (E-vapor and Heat-not-Burn Devices) – Global Outlook and Forecast 2018-2023,” by Research and Markets, the industry is poised to record more than 15% of CAGR or compound annual growth rate for the period 2017 to 2023. By 2023, the industry will breach the $43 billion mark, said the study.
The figures are also consistent with the study by BisResearch titled, “Global E-cigarette and Vape market 2017-2025,” which estimates that the industry will cross $47 billion by the year 2025.
Ryan Layman, CEO of You Suck Vape, said that before they even opened their first store in Oklahoma, they already laid down the groundwork and the preparation.
“We spent years building, managing, and perfecting the You Suck Vapes business model and operating structure to provide a one-stop vapor shop for our customers,” he said. “Although the competition has become stiffer, we are still poised to record growths all across the board in all metrics.”
He added, “We also spent years doing market research, as well as R&D, to come up with our own unique e-juices under the Shake-N-Vape brand. To date, we now have more than 100 flavors in our inventory.”
For the first time ever, the company is opening its business with a solid franchise marketing system in line with its vision to reach as many customers as possible. Although they would like to open as many flagship stores as they could handle, that would take time away from their main focus of developing new products for the market, as well as enhancing their current inventory.
Mr. Layman said that their franchise partners will get the benefit of sharing the company’s successful business model, which allowed it to open seven flagship stores in just two years. “For a small franchise fee of just $35,000, our partners will already receive marketing and operational support, purchasing support, auditing and legal support.”
“We will guide them all the way because they play a crucial role in expanding our brand,” he said. “Of course, we also have a responsibility to make sure our franchise partners can recover their investment as a way for us to repay their trust in our company.”
Franchise partners and their employees will also be trained to meet the standard of excellence the You Suck Vapes is known for. Training will come in several stages, from the initial instructions they receive in the company headquarters in Oklahoma, to the one-on-one training at the vape store, as well as further continuing training to enhance their skills and update them on the latest technologies and trends in the industry.
Pressed to share his secret of success, Mr. Layman quipped, “We are confident we have the most effective vaping franchise platform on the market, our experience, vision and commitment to excellence drive results. If you want more, you need to get our FDD and start the franchise evaluation process!”
ABOUT YOU SUCK VAPES
With over 100 e-juices, You Suck Vapes is the premier name in the vaping industry with almost 10 stores between Oklahoma and Texas.
For franchise opportunities, you may contact phone # 5806993669 or visit the franchise page: https://franchiseconduit.com/franchise/suck-vapes-franchise/