6 Vape Shop Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Vape Shop Business

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.

Here are some real life success stories of starting a vape shop business:

Learn more about starting a vape shop business:

Where to start?

-> How much does it cost to start a vape shop business?
-> Pros and cons of a vape shop business

Need inspiration?

-> Examples of established vape shop business

Other resources

-> Vape shop business manufacturers

Part of

Starting A Vape Shop Business: Everything You Need To Know

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1. 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 they make: $1.44M/year
How much did it cost to start: $30K
Current team size: 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.

About

Matthieu started Upper Limits almost 11 years ago

Revenue

Matthieu grew the business to $120K/month

Costs

It cost Matthieu $30000 to start the business

Read this case study

Read by 1,923 founders

4. Swagg Sauce

Homepage

5. Flawless Vape Shop

Flawless Vape Shop is the preferred provider of the latest e liquids, e juices & vape mods. Our brands are five star reviewed & manufactured in USA!

Where they're located: Miami, Florida, USA

6. Vapor Authority

Vapor Authority is the one-stop-shop for all your vaping needs, including eCigs, complete e-Cigarette Starter kits, mods, coils, e-juice & vaping accessories. 100% authentic hardware from top manufacturers such as Smok, Kanger, Aspire, Innokin, Eleaf, Joyetech & Vaporesso & thousands of American Made e-juice flavors.

Website traffic: 210K/month