People who claim gouging do not know how much it costs just to run ANY B&M retail business, let alone a vape store.
Monthly operating costs just to keep a store open ranges from 4k to 10k depending on size of operation. That is 48k-12k a year in just keeping a store open. Not including inventory. And just labor alone to keep someone in the store for a 12 hour day 7 say a week operation paying them 10 per hour is equal to 840 per week in payroll. Every shop I have been in will have 3-4 employees.. Granted I am sure they do not have 4 employees from open to close but just having 2 bodies all day equals to 1680 a week in payroll on the front end. And also remember that the employer is responsible to match each employee's Federal Withholdings, FICA, and Medicare taxes along with State taxes as well, and in some instances Local taxes.
Also remember that this is just minimal operating costs. Thousands if not tens of thousands may be poured into making the store presentable with nice display cases, carpeting, lighting fixtures, eye appealing decor, security cameras, seats, juice bar, cash registers, computers etc.
So how do you make up 4-10k of operating costs PER month? High markup is a must for small operations JUST to practically break even.
Monthly operating costs just to keep a store open ranges from 4k to 10k depending on size of operation. That is 48k-12k a year in just keeping a store open. Not including inventory. And just labor alone to keep someone in the store for a 12 hour day 7 say a week operation paying them 10 per hour is equal to 840 per week in payroll. Every shop I have been in will have 3-4 employees.. Granted I am sure they do not have 4 employees from open to close but just having 2 bodies all day equals to 1680 a week in payroll on the front end. And also remember that the employer is responsible to match each employee's Federal Withholdings, FICA, and Medicare taxes along with State taxes as well, and in some instances Local taxes.
Also remember that this is just minimal operating costs. Thousands if not tens of thousands may be poured into making the store presentable with nice display cases, carpeting, lighting fixtures, eye appealing decor, security cameras, seats, juice bar, cash registers, computers etc.
So how do you make up 4-10k of operating costs PER month? High markup is a must for small operations JUST to practically break even.