VaporFi Franchise Business Offers An Insightful Study
Leading vaping brand VaporFi has just released its proprietary Twitter study on the rise of vaping nationwide. Various industry reports show store openings in the sector going from 3,500 in 2014 to over 10,500 in 2016, and estimated sales figures grew from $1.7 billion for 2014 to $4.1 billion over 2016.
This study was commissioned by VaporFi CEO Nick Molina, who says that knowing more about the markets, consumers and vaping industry is what has set VaporFi up for tremendous retail store and e-commerce growth.
The results from the study, which saw researchers combing through millions of Tweets for close to a 2.5-year period, touched various topics of interest in the vaping industry. It was popular on the West Coast initially and then spread through the South and Northeast. The most vape-related Tweets per person came from Nevada residents, while Missourians post the fewest. In addition, vaping enthusiasm rankings for cities saw California, Nevada and Florida dominate, with Winchester, Nevada, topping the list. Regulations also appear to have no real correlation with public opinion. For example, Nevada has few regulations and topped the state enthusiasm rankings, but the District of Columbia and California were right behind it, and both of those areas have many regulations.
Molina noted that the connection between vaping consumers and innovators, as seen on social media, is something that the major tobacco companies just can't compete with. He also mentioned he wasn't surprised by the study showing women are increasingly become part of the vaping scene as his franchise business brand has always focused on appealing to all demographics with its tasteful, powerful and discreet products.
With locations throughout the US and internationally, this forward-thinking vape brand currently has franchise opportunities available. The franchise fee is $29,900, and the total investment ranges from $137,200 to $277,900. For those who qualify for one of the brand's franchise opportunities, in-house financing may be available for the franchise fee, and they also work with third parties to provide additional financing options.
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