Vape store in the Central Dallas area with a bar area for testing high quality e-juice is now available for acquisition. Established in 2013 by the current owner, in the last 3 years of operation this business has identified itself as one of the best vape stores in Central Dallas. Customer base is very strong and well established due to providing customers testing bar for e-juice flavors while staff is well-informed on vape products. Competition arrived in the immediate market area after the establishment of this vape bar, but none of the competitors are as well-informed on each product as well as exclusion of a bar area in which this business provides. Sales in 2015 was $600,000/year and is on track to generate a similar or higher sales in 2016 as this industry is growing at a high rate each year. The electronic cigarette industry is one of the fastest growing industries in the last 5 years as more studies show the health benefit of vaping versus smoking tobacco products. This industry is expected to grow 20% yearly as customers from the tobacco industry begins to move towards the healthier option of vaping which in turn will provide the electronic cigarette industry a portion of the multi-billion dollar tobacco industry in market value. Each year as new products are produced and manufactured, this business updates inventory from their high quality major vendors who provide great warranty. Products provided at this business can range from 150 different varieties of e-juices, e-cigarette batteries, electronic components for vaping, and test tanks for pre-purchased taste testing. Acquisition of this business will be a great investment as this industry grows in this prime location and take over the tobacco industry as an alternative method to smoking/vaping.
Furniture, Fixtures & Equipment: $50,000 (Included in listed price)
Inventory: $135,000 (Not Included in listed price)
Financing: 100% down at the time of closing or 50% cash down with SBA Financing for Qualified Buyers.
Year Established: 2013
Facilities: This 1,200 SF facility has been recently renovated with a new sign, front end of the building, and a roof. All equipment is in optimum condition as each vape product must be mint condition for sale including e-juice quality.Support/Training: Owner will provide training during a 4 week period for a smooth transition into the business.
Reason Selling: Retirement.
Competition: 3 direct competitors are within the immediate market area, but none of the competitors features a bar concept and are all competitors that came after this establishment.
Growth And Expansion: The vape store is currently marketed on social media websites including the infamous yelp reviews, e-blast, personal website, and news articles. Market for this business is growing at a consistent 20% a year as more studies show the health benefit of vaping.
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