Established Retail Wine Area Developer
Location: Texas > South Texas
Industry: Retail Stores > Franchise
Financials
Asking Price: $250,000
Gross Revenue: $54,388
Cash Flow: $30,819
Business Summary
Wine franchise that demystifies the wine shopping experience and caters to the overwhelmed wine drinker by making it simple and easy to find that perfect bottle. Each store is approximately 1,500 - 2,000 square feet and is organized by color and wine style. Currently, there are 4 open stores with 1 more scheduled to open in 2008. Each store has three revenue streams: 1. Wine Club. 2. Retail Sales 3. Gift baskets, B2B, etc. Franchise agreement indicates 40% of franchise fee for new sales and 40% of royalty from all operating units goes to Area Developer. Mission is to become the Starbucks of wine ("the experience and customer service"). New franchise inquiries come from local marketing and the Internet.
About the Business
Year Established: 2005
Franchise: Yes
Home Based: Yes
Facilities: Operated from home office
About the Sale
Management Training and Support: Franchisor will provide training. Current owner will assist during transition.
Reason For Selling: Pursue another career
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