Vape Shop Business

2 Vape Shop Business Success Stories [2024]

Pat Walls

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Updated: October 8th, 2024

The global e-cigarette and vape market is expected to keep rising over the next years. Vapers are attracted to the marketable technology and flavorings seen in vaping devices.

According to statistics, around 7% of adults vape, and up to 20% of existing smokers vape.

If you are looking for a business idea you can launch at the strip mall, starting a vape shop is an irresistible opportunity.

To open a vape shop, partner with an experienced and reliable e-liquid wholesaler. Then research the market, so you understand your target market and have a clear picture of what they expect. Finding a good location for your vape shop will help you maximize sales.

In this list, you'll find real-world vape shop business success stories and very profitable examples of starting a vape shop business that makes money.

1. Vape and Juice ($3.6M/year)

ithin the legal boundaries to creative marketing tactics, we have explored various strategies to attract and retain customers. One effective method has been our content marketing efforts, particularly through blogging. This has allowed us to educate and engage with our target audience while establishing ourselves as industry experts. Additionally, our physical vape shops have played a vital role in attracting local customers and providing a personalized experience. Through exceptional customer service and a wide range of products, we have been able to build a loyal customer base.

How much money it makes: $3.6M/year
How much did it cost to start: $5K
How many people on the team: 20

Prison to Profit - How I Started With $5K And Built A 7-Figure Vaping Company

A former ex-con launched Vape and Juice with just £5,000 and has since built a seven-figure vaping company with online sales increasing 800% during lockdown, by offering exceptional customer service and investing in talent.

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Read by 9,351 founders

2. Upper Limits ($1.44M/year)

Matthieu Fortin, the CEO of Upper Limits, started the company in 2013 with the goal of creating a place where medical cannabis patients could find education and guidance. Inspired by his personal experience with the health benefits of vaporization, he saw an opportunity to provide new product technology education and fill a gap in the market. With an initial investment of $30,000, he bootstrapped the business and focused on sourcing high-quality products and building relationships with vendors and customers. Word of mouth and a strong online presence, including Google tools, have played a significant role in attracting and retaining customers for Upper Limits.

How much money it makes: $1.44M/year
How much did it cost to start: $30K
How many people on the team: 7

How I Started A $1.4M/Year Online Smoke Shop

Upper Limits, a hybrid brick-and-mortar/e-commerce company located in Springfield, IL that sells dispensary, smoke shop products, and custom glass pipes, has succeeded in generating 366% greater sales revenue than their industry peers by facing challenges head-on and diversifying their revenue streams.

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Read by 2,658 founders