Mr. Smokey was founded in January of 2019 when we opened our first retail store in Hialeah, Florida. The company found immediate success and opened three more locations throughout the year.
Our goal is to be the best premium Smoke Shop with the highest quality of products and an excellent customer service.
Our inventory includes the largest selection of disposables, hand-blown glass, cigars, premium vaporizers, hookah, shisha, hemp products, CBD, as well as all the smoking and vape related accessories you may need. If we don’t carry it, we will order it for our customer’s next time.
There is no denying the statistics that the demand for Smoke Shops is significant.
One Stop Smoke Shops are beginning to proliferate around the country. The Head Shop industry is growing into a $15 billion industry this year, with an average growth rate of 8.1 percent, according to Ibis World research.
There is a broad following in this industry that ranges from the age demographic of 18-50 years old. Young and old this industry aims at the masses. Below you will find some statistics for past years industry trends.
Mr. Smokey is leading the smoke and electronic cigarette retail industry. With locations currently throughout South Florida, we are looking to expand through the United States. We offer a full turnkey operation to get your store opened with inventory and ready for business.
If you are interested in joining our team and want to learn more about our franchise opportunity, please fill out the franchise form and a member of our team will contact you within 24 hours.
Year Company Founded: 2019
Year Started Franchising: 2022
At Mr. Smokey we strive to give you the highest quality products with the best customer service possible.
Mr. Smokey is offering single franchises and area development agreements for the operation of single or multiple retail locations within an exclusive territory.
How much does my franchise cost?
The total estimated initial investment for a Vape and Smoke Shop single franchise ranges from $90k – $200k which includes an initial franchise fee of $19,900. This initial franchise fee covers the cost of training, opening assistance, operations manual and other support and franchise development services.
Is there royalty or an on-going fee?
Yes, the continuing services or “royalty” fee is 7% of the monthly gross revenues derived from the franchised business. This fee entitles you to continued use of the Mr. Smokey Smoke Shop name & trademarks, and access to our unmatched franchisee support/benefit system which includes initial and on-going trainings, proven operating system, marketing assistance, group buying resulting in low product costs, and other benefits that come with being a part of the Vape and Smoke Shop community of franchises.
What about financials?
The Tables below represent the actual unaudited Profit and Loss statement for 3 of our Affiliate stores that have been open for at least 1 year. The Affiliate stores, while not franchisees, operate substantially the same business as that of franchisees herein would operate. There are several factors that are unique to the Affiliate’s business that may be different from the business of a franchisee herein. The Affiliate has 5 locations located in Miami, Florida. The rental market conditions in Miami, Florida are highly competitive with some of the highest rents in the United States. Our Affiliate, Mr. Smokey Corp., are all located in areas having an extreme amount of foot traffic. Rents in these areas vary, but are approximately $20 – $55 per sq. ft. The population of Miami, Florida which is the 44th most populated which has an estimated 430,332 residents. The median income for the market is $46,946 for Miami, Florida. The gross number from the Profit & Loss Table are earnings before interest, taxes, and amortization (EBITA) which refers to a company’s earnings before the deduction of interest, taxes, and amortization expenses. Again, we encourage you to consult with your own accounting, business, and legal advisors.
What about advertising?
We realize that furthering the recognition of Mr. Smokey Smoke Shop brand and reputation is essential in the success of our franchisees. A collective advertising budget allows us to advertise in media outlets that benefit us all. While we have not activated it at this time, we may require a contribution of up to 1% of your monthly gross sales in the future for a national marketing fund. You are also required to spend at least 2% of your monthly gross sales on local advertising.
What training is provided?
Mr. Smokey Smoke Shop provides you with a comprehensive and multi-faceted training course. You and up to three addition people may attend training. The training program is comprised of 20 hours of classroom training; 20 hours of on-the-job training; 2-days of onsite opening assistance (we come to you); and refresher courses are offered throughout the year.
What kind of continued support will I receive?
As a Mr. Smokey Smoke Shop franchisee, you are in constant contact with your franchise representative that will provide you with continued guidance with customer service, operations, accounting, marketing, and any other questions that may arise.
Will I have exclusive territory?
Yes, each Mr. Smokey franchisee will be given their own “designated zone” in which no other Mr. Smokey Smoke Shop locations will be allowed to operate. The exclusive territory will be a radius of 5 miles around your store or a population density of 50,000 people whichever is lesser.
What are the terms of the Mr. Smokey Smoke Shop Franchise agreement?
The term of the Vape and Smoke Shop franchise agreement is 15 years, followed by two consecutive renewable terms of 5 years each. The renewal fee at the time of each renewal is 25% of the current franchise fee.
What’s my next step?
Please feel free to call us at (786) 202 5087 or email us at [email protected]
We have multiple stores.
70 W 49th St, Hialeah, FL 33012, United States
1575 NW 27th Ave Miami, FL 33125
4334 SW 8th Street Coral Gables, FL 33134
3182 W 76th Street Hialeah, FL 33018
3300 E 4th Ave Hialeah, FL 33013
We carry the largest selection of disposables, vapes, hand-blown glass, cigars, shisha tobacco and any vape or smoking related accessories.
If you want to tell us something, we are here and we love to chat!
So, please contact!