I'm fearful of the longevity of the industry and with online ordering. I think a Kiosk in a popular mall would be very good....until its not.
Would you ...?
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Do you perceive a market in your area for e-cigarettes? No, small town with hicks. 99% probably never saw one
Do you perceive that market as being properly serviced by existing B&Ms? none around
Are there accepting policies in your area (business and government level) concerning smoking/e-cigarettes? again small town, sole grocery store, Dollar General and 2 gas stations would have a fit and most likely try to block it(I am sure they would feel it would cut into their business of selling analog cigarettes)
Does the possibility of up and coming regulations concern you? Sure, look at how they now want to ban menthol in cigarettes.
Do you perceive that market as being properly serviced by existing B&Ms? none around
Are there accepting policies in your area (business and government level) concerning smoking/e-cigarettes? again small town, sole grocery store, Dollar General and 2 gas stations would have a fit and most likely try to block it(I am sure they would feel it would cut into their business of selling analog cigarettes)
Does the possibility of up and coming regulations concern you? Sure, look at how they now want to ban menthol in cigarettes.
Nope! Can't legally sell liquids containing nicotine. I believe that's where most of the profits are found.
Oddly enough, we can import it for personal use, but not buy it domestically.
Oddly enough, we can import it for personal use, but not buy it domestically.
Our small town in western NC is getting ready to build a Harrah's Casino. I think a store could do well here with enough advertisement.
Set up at one of the shop meets (used to be called flea markets).. indoor or out... and see how it goes before you invest a lot. And just try selling stuff you know you and your friends will use if the FDA puts the clamps on.. you'll have lots of backups ... or not.
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People here in south Florida are putting up brick and mortar vape shops left and right so in this location I would say no because its a bit too late. However much like Starbucks and Krispy Kreme were in places that didn't have one nearby, I'm guessing that there would be a market for a vape shop in places that we starved.
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Will go well on W or E coast but tougher inland, needs to be the right city. No good where city has no-smoking no-vaping indoor bans (or might bring them in), obviously. Virginia should be OK as the State AG has already said vapor is not smoke and can't be banned indoors 
(but check for your city).
FDA might kill the legal end of the aftermarket/upgrade business (the stuff we are interested in & you would be selling), so it's a high-risk bet right now. B&M was a great bet 2 years ago but the FDA decision may be getting closer - get in if you can find a place with ultra-low overheads and you don't need to take out a loan in order to get started. Keep in mind you may only have 1 year before things get a lot tougher. There will always be ways & means, for example if some stuff is banned then you can have demo units & a web address to get delivery from, and so on.
A place with excellent parking or high footfall is good, somewhere with no easy parking or no passing trade is no use. But the overheads are the main issue, and if you can get out in a year with no penalty.
(but check for your city).FDA might kill the legal end of the aftermarket/upgrade business (the stuff we are interested in & you would be selling), so it's a high-risk bet right now. B&M was a great bet 2 years ago but the FDA decision may be getting closer - get in if you can find a place with ultra-low overheads and you don't need to take out a loan in order to get started. Keep in mind you may only have 1 year before things get a lot tougher. There will always be ways & means, for example if some stuff is banned then you can have demo units & a web address to get delivery from, and so on.
A place with excellent parking or high footfall is good, somewhere with no easy parking or no passing trade is no use. But the overheads are the main issue, and if you can get out in a year with no penalty.
Actually looking to do it. But starting small. Buying kits for my son to sell to friends. And making juice to sell. I will sell some too. Then take all money made and buy more supplies. Then set up at a flea market. Then share space with another buisness. Then our own store. Son will work at first. Then son and wife. Then if it does well I'll quit my job to do it also.
If it doesn't make it I'll just be out my small initial investment.
Slow and steady wins the race.
That's my plan.
PS don't tell anybody.
If it doesn't make it I'll just be out my small initial investment.
Slow and steady wins the race.
That's my plan.
PS don't tell anybody.
IBCR nailed it. Low barrier to entry. Possibility of high liability with equipment failure and looming government regulation make it a hard sell for me.
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