- 2022 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$81K - $145K
- Units as of 2016
-
1
Company Overview
About DragnVape
- Industry
- Retail
- Related Categories
- Miscellaneous Retail Businesses
- Founded
- 2014
- Leadership
- Federico Perdomo, Founder and CEO
- Corporate Address
-
8725 N.W. 18th Terrace, #306
Doral, FL 33172
Business Overview
- Franchising Since
- 2015(7 years)
- Where seeking
-
This company is seeking new franchisees in the following US states:
This company is seeking new franchisees in the following international regions:
- # of Units
- 1(as of 2016)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a DragnVape franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $19,900
- Initial Investment
- $81,499 - $145,048
- Cash Requirement
- $20,000
- Royalty Fee
- 6%
- Ad Royalty Fee
- 1.5%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Financing Options
franchisees.
- Third Party Financing
- DragnVape has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- as needed
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField Operations
- Marketing Support
-
Co-op AdvertisingAd TemplatesNational MediaRegional Advertising
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like DragnVape? Request a free consultation with a Franchise Advisor now.
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