Recently released results from the 2015 Vape Shop Index, released by ECigIntelligence, Roebling Research, E-Cigarette Forum and the Smoke-Free Alternatives Trade Association (SFATA), looked at financial, product, and brand-level data, including trends, preferences and owner attitudes from 540 vape shops spanning 42 states. The findings shed some light on just how much money the average vape shop is earning. Some highlights from the Vape Shop Index, as published on Convenience Store and Fuel News:
- B&M vape shops generate $26,000 in monthly sales per store (over $300,000 per year)
- Independent vape shops earn a combined annual revenue of $1.5 billion
- E-juice accounts for 60% of vape shop sales
- 50% of e-liquid sold is in either 3mg or 6mg nicotine levels
- 40% of vape shops have an online presence
- 98% of survey respondents support “appropriate and reasonable” regulations
- 67% say state and local regulations will harm their business
- 76% are optimistic about the future of the vapor industry
What future trends can we expect to see in the vapor industry?
According to Steve Hong from Roebling Research, more consolidation:
“As the vape shop channel continues to mature, we’ll probably see more consolidation as established vape shop retailers continue to grow and expand their businesses.”
And even more growth. Says Hong:
“There’s no doubt this channel is driving the broader category and we expect the channel to grow even bigger next year.”
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