On average, vape shops report monthly sales of $26,000, resulting in $120,000 in annual profits after expenses. Opening a smoke shop can cost between $50,000 to $150,000 initially, while vape shops are a more cost-effective option with startup costs ranging from $25,000 to $50,000.
Retail Sales in California
Retail Salary Information
- Retail Salespersons in California made a median salary of $29,120 in 2021.
- Retail Sales Associates earn an average of $17.94 per hour in California.
Retail Management Salaries in California
- Retail Store Managers in California make an average of $70,290.
- Retail Clerks in California earn an average salary of $27,414.
Target and Walmart
- A Target Store Manager in California earns an annual salary of $82,580.
- Walmart earns over $500 billion in revenue annually, while Target makes $44 billion.
Profitable Retail Businesses
- Jewelry, luggage, leather goods, clothing, specialty food stores, and high-end electronics retailers like Apple are among the most profitable.
- Independent bakeries can earn $65,000 in annual profits, with grocery stores also capable of strong profits through high volumes.
Earnings through Shopify
- While Pen City boasts the highest sales of any Shopify store, purely online stores like GymShark likely earn more through the platform.