MOORESVILLE, N.C., Feb. 24, 2016 /PRNewswire/ -- Madvapes Holdings, LLC ("Madvapes"), a leader in electronic cigarettes and vaping supplies announced today that it has launched its new franchising unit, Madvapes Franchising LLC and registered its franchise disclosure document ("FDD") in a growing number of states. Madvapes, which currently has over eighty operating company and affiliate store locations in eight states, now plans expansion throughout North America through its franchising division.
Madvapes is already working with several area developers in southern markets and has growth plans to more than triple operating locations and have a store in most states by 2018. Madvapes franchisee's receive complete training and counsel that includes lease negotiations, product knowledge and inventory recommendations built into their support system. Madvapes strives to provide franchisees the best tools, training and industry knowledge to help run a successful vaping business.
"We are pleased to offer Madvapes franchising to investors who seek an advantage in the fast growing e-cigarette/vapor market. Through our e-commerce and aggressive event schedule during the past 6 years, the Madvapes name is at the forefront of the industry allowing our partners to capitalize on instant name recognition. More importantly the Madvapes franchise model offers franchisees an affordable business opportunity to capitalize on consumers seeking a cleaner alternative", states Tom Bright, President of Madvapes Franchising LLC.
"Managing a footprint of 80 operating locations provides us key insight into consumer trends from new vapers all the way to the die-hard hobbyist. The Madvapes juice bar system provides Madvapes stores key competitive advantages in their markets, offering thousands of combinations of liquid type, size and flavor profiles. Additional organization investments over the last year, including upgrades to our AMESA certified production facility, make Madvapes an ideal partner for new and existing store owners in this fast moving industry."
It has been recently reported that the e-cigarette/vapor industry is now approaching $4 billion in sales, leaving the industry with massive growth potential given the current size of the $80-90 billion cigarette market.
For more information please contact: Franchising@madvapes.com
Madvapes is based in Mooresville, NC and was originally established in 2009. "The True Experts in Electronic Cigarettes", Madvapes remains the leader in e-commerce, retail stores and wholesale of electronic cigarettes, mods, e-liquids, parts and accessories. In addition to its industry leading operating retail footprint, Madvapes has affiliates operate an AMESA certified liquid production facility that produces a number of proprietary branded and contract e-liquid lines.