Vaping leader VaporFi has just joined VetFran, an organization dedicated to improving access to franchise opportunities for veterans and their spouses. Army, Air Force, Marines and Navy veterans are among the first wave of franchisees to open new VaporFi franchise businesses in the US for 2017 and 2018.
Air Force recruiter Alex Asencio, who is opening up two vaping franchise businesses of his own around Tampa Bay, said that both he and his sister are veterans who recently left the service. According to Asencio, their corporate training and military experience will be put to good use in the opening and running of their new Florida locations. The new franchisee's sister, Maria, has a degree in HR management and will be assigning him with daily operations and store management for both new businesses.
Veterans are eligible to receive 20 percent off of the vaping brand's franchise fee, along with mentoring and guidance from the company's headquarters' team, which includes military veterans. Brand CEO Nick Molina added that the franchiser is looking for creative, motivated and driven people for its growing team of franchises, and that makes veterans a natural fit.
VaporFi requires franchisees to have a net worth of at least $250,000, with $100,000 or more liquid. The regular franchise fee is $29,900, and the total initial investment ranges from $137,200 to $277,900.