Wake N Vape logo

Wake N Vape

Cannabis dispensaries
Investment
$131,500
Initial Franchise Fee
$40,000
Units
3
Growth Rate
+0.0%

Overview

Industry
Retail
Founded
2014
Franchising Since
2019
Parent Company
Leadership
Marlin Silva, CEO
# of Employees at HQ
10

Units and Growth Chart

About Wake N Vape

Founded in 2014 in South Florida by Marlin Silva, Wake N Vape is a retail business for portable vaporizers and e-liquids. They prioritize quality in their approach to crafting e-liquids and started expanding their business through franchising in 2019. 

Other products they offer besides vaporizers and e-liquids include apparel, smoking essentials, and do-it-yourself supplies for people who want to create their own e-liquids. Additionally, Wake N Vape is a CBD lounge for customers looking for an area to enjoy their smoking products, including providing rig rentals for dabbing CBD concentrates and herbal oils.

Wake N Vape has been franchising since 2019 and is actively looking to expand its reach further throughout the United States.

Why You May Want To Start a Wake N Vape Franchise

If you want to establish a business as the main source for smoking alternatives in your local community, then Wake N Vape could be a suitable franchise for you. They are seeking franchisees with experience in the e-cigarette and smoke shop industries.

Wake N Vape differentiates itself from competitors by crafting high-quality e-liquids through extensive research and development. By taking months to develop each new flavor, they balance ingredients, test flavor notes, and have rigorous quality control standards. Becoming a franchise with a brand that produces high-quality products may offer a more predictable outcome than companies with a less meticulous approach to product development. 

What Might Make a Wake N Vape Franchise a Good Choice?

Wake N Vape provides more than just vaping and smoking products; they support the vaping lifestyle with their lounge and quality-controlled e-liquid flavors. They also have exclusive territories available where a franchise can operate in an area without other Wake N Vape units opening nearby as competition.

A typical franchise agreement runs for ten years. Franchisees may be allowed to renew their agreement if they meet the Wake N Vape requirements. For instance, franchisees must run the business full-time and will need at least five employees.

To be part of the Wake N Vape team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees may also need to meet the company's set net worth requirements. 

How To Open a Wake N Vape Franchise

As you decide if opening a Wake N Vape franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if a Wake N Vape franchise would do well in your community.  

Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees about their experience.

If awarded a franchise, franchisees receive various support from the Wake N Vape company throughout the franchising process. In addition to pre-opening training, franchisees may receive marketing support, site selection, and lease negotiation support, as well as on-the-job training and other continued support after the franchise has opened.

Investment Details

Initial Franchise Fee
$40,000
Initial Investment
$131,500 - $206,400
Net Worth Requirement
$19,900
Cash Requirement
Royalty Fee
10%
Ad Royalty Fee
1%
Technology Fee
0
Term of Agreement
10 years
Is Franchise Term Renewable?
Yes
Financing
Third Party
Veterans Incentive
10% off franchise fee

Available Territories

Franchising opportunities available in the following regions

United States

States

Alaska Alabama Arkansas Arizona Colorado Connecticut District of Columbia Delaware Florida Georgia Iowa Idaho Kansas Kentucky Louisiana Massachusetts Maine Missouri Mississippi Montana North Carolina Nebraska New Hampshire New Jersey New Mexico Nevada Ohio Oklahoma Oregon Pennsylvania South Carolina Tennessee Texas Utah Vermont Wyoming

Training & Support Programs

Comprehensive training and ongoing support to help you succeed

Training

On the Job Training
25 hours
Classroom Training
15 hours

Ongoing Support

Grand Opening
Lease Negotiation
Site Selection

Marketing Support

Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations & Requirements

Key operational details and requirements for running this franchise

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
5
Are exclusive territories available?
Yes

Ranking History

Wake N Vape performance in the Franchise rankings over recent years

No data available at this time.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022