My local shop approched me to make juice for them. It'll be the house juice. What is fair to charge them for this? They want 2 flavors a week to make 16oz bottles that they'll make $300 on. Any insight would help.
I have no idea if this is "done" in the industry (I'm not in the industry) but it seems to me your best bet would be to negotiate for a (small) percentage of gross sales on your original flavors. That means that if one of your wonderful creations takes off and becomes a cult favorite, you will reap proportionate rewards. It will also incentivize you to make the best juice you possibly can.
I would say a % of every sale. That way you make sure you're at least getting something on every bottle. But if your services are in demand...a "signing bonus" wouldn't be out of the question as well. If it's good enough for atheletes.....
Not a clue if they are providing the PG/VG and Nic and you the flavors?
25 to 35% of the sales price?
They won't go for that man. Basically you're saying you want to be practically 50/50 partners. They pay the rent on the store, they buy the flavors, nic, PG/VG, bottles etc etc. I'd be surprised if they were willing to give more than $60 to $75 a bottle. Yes you're creating, but it's on their dime, sold in their store..etc. I mean you can ask for the moon, all they can say is no. But this isn't a "get rich" proposition by any means. You will make a few bucks and have something to put on your resume' if you try to pursue larger companies for a job. But you have to be realistic. Ask for what you want to ask for though..I'm not advising you not too. I'm just looking at it from the business owner's perspective and if this person has half a business brain..they probably won't even entertain that figure. If they do...tell them you need an assistant and I will be RIGHT DOWN!! LMAO
I was under the impression they were buying everything and he was only creating the juice. If I wasn't right, then of course you have to figure your costs into it...absolutely!
Impossible to put a number on that upfront. I mean...how much experience do you have? How long have you been mixing? Have you sold recipes before? Do you currently have recipes? Does the shop sell other "premium" juice lines? If I'm wrong, tell me, but it almost seems as if you are just getting into DIY and convinced this store owner to give you a shot. I would also STRONGLY advise against swiping recipes you find on the internet and trying to pass them off as your own.
All that aside, you'll get even less upfront because you don't have any proven recipes, unless they try it and are completely blown away. Even then, maybe a couple hundred bucks at the most. I mean I know you are excited and see dollar signs, but like I said, this isn't gonna be as much $ as you think or expect. Not trying to be negative. Just trying to get you to think realistically.
Hey @Ro-sham-bo
Just a bit of random advice...take it or leave it
Our company supplies a few local vape stores however it's a slightly different situation because it's our cost of goods sold... therefore slightly different than what you are embarking. Regardless, considering a few of the details you mention (provisions taken care of by the shop) those COGS are theirs and not yours so that has to be taken into the equation. A 10% cut would actually be very good IMO since you're not absorbing any costs at all really. Time and labor is rather minimal if they truly have all the necessary facilities and equipment, so you should be able to mix relatively quickly.
Either way, props to ya, it's one hell of a fun job regardless the cut!!
Happy vaping & Mixing!