Gerald (Ed) Williams is the CEO of three companies and
managing partner of Vapor Systems L.L.C. He has spent much of his
adult life managing, owning and developing franchises. He was
responsible for the development and design of the Vapor
Galleria concept. The first half of his professional
career was in the restaurant and hospitality industry. He began his
career with Wendy’s Hamburgers when it was just starting to take
off. He held the position as a regional manager at the age of 22.
He later went on to become a franchisee of the company.
In the ninety’s he sold his businesses and moved to
Michigan and bought a franchise from Union Carbide in the marble
and stone restoration industry. After one year he bought the parent
company which now operates 50 franchise units in 7 countries.
Related to the stone business, he owns a restoration company that
operates in the Philadelphia and DC markets.
Franchise Expo: Tell us about the beginning of Vapor
Galleria franchise and how it got started?
Gerald Williams: It was started in mid
2013 when one of my partners, who owns a retail center was
negotiating with a possible vapor store tenant regarding a space in
his center. He was impressed with his sales numbers in such a small
space and brought it to my attention. After researching the
industry we decided to develop a concept with a more professional
image then what was currently available. By the end of 2013 we had
developed our concept, created 100 flavor profiles, built-out and
equipped a manufacturing facility capable of bottling almost a
million bottles a month at full capacity and opened our first
company store. By the end of 2015 we opened two more company
stores, a corporate training and support center. We also sold and
opened five franchise stores.
FE: What is Vapor Galleria franchise opportunity
all about?
GW: There are few retail businesses
that can generate the type of sales per square foot that our
concept can. Our average sale is close to $40.00 per customer with
one of the lowest startup cost for any brick and mortar
business.
FE: What are the qualities you look for in your
ideal franchisee?
GW: Personal or business success with
the desire to win. We look for candidates that exude
professionalism and are excited about the opportunity.
FE: What have some of the challenges been
in growing Vapor Galleria franchise opportunity?
GW: I would say our biggest challenge
has been overcoming the negative stigmatism surrounding the
industry. That’s why we built a modern, upscale store without
the shoddy lounge feel that is typical in the industry. For the
same reason it is sometimes hard in securing a location in a
upscale retail center although this is usually overcome by
directing them to our website to view one of our stores.
FE: Do you feel that franchising is a great way
for individuals who wish to start their own
business?
GW: Absolutely, as far back as I can
remember franchising has always greatly increased the odds of
success. I believe it’s like 85% chance of success verses 15%
going it alone. I have been both a franchisee and an independent in
other businesses and the franchised businesses always did better.
One of the most important reasons to be a part of a franchise is
that the exit strategy; as the brand name increases so does the
value of the individual franchise.
FE: What are some of the advantages in being a
Vapor Galleria franchisee?
GW: First our upscale design and layout
sets us apart from the rest of the industry. We have a
complete operating system in place from start up to the day-to-day
running of the business. All of our E-liquids are made in our
clean state of the art lab in Oklahoma City, and sold to our
franchise at a wholesale price significantly below our competitors.
We have complete operating manuals and marketing programs to help
insure our franchisees success.
FE: Tell us a little about the Vapor
Market?
GW: The business is one of the fastest
growth industries and according to Wells Fargo securities the
industry is expected to reach over 10 billion in the next three
years and actually eclipse the combustible, tobacco cigarette in as
little as ten years. As more celebrities are seen using
E-cigarettes, and proactive information regarding its healthy
alterative to smoking is being promoted, it is becoming more
socially acceptable and growing in popularity.
FE: Do you belong to any associations or
networking groups?
GW: EASAA a smoking
alternative association.
FE: As a franchise executive, who has been your
greatest inspiration?
GW: Not any one person or business has
really influenced me although I was part of the original management
team of the Wendy’s hamburger chain. I think it’s being
involved in the franchise industry for my entire career and having
witnessed the success it has brought to people that has impressed
me the most.
FE: In your opinion, why do you think that Vapor
Galleria would be a great opportunity for
someone?
GW: One word, timing. This is one
of a few new opportunities with such great potential and we have
the right concept to help our franchisees take advantage of
it.
With no serious competitor in the industry we have the ability
to capture market share and build an incredible brand. In
addition there are few business that has a $40.00 per customer
average that gives the ability to generate a million dollars a year
in only a 1000 sq ft of space.
It is also a business
that can be operated with only a few employees and needs little
space for inventory.