Winestyles Franchise
The Winestyles wine franchise is designed like the Old World wine cellar. The designing of the business is designed to cater for the needs of wine enthusiasts looking for easy and convenient way to catch a bottle of wine. The wines are organized following eight different `style’ classes as opposed to region and varieties. WinStyles simplifies wine by categorizing the wine according to taste profiles that feature silky, crisp, bubbly and rich for the whites and Bold, Nectar, Mellow and Fruity for the reds.
The business was ranked first by Entrepreneur Franchise 500 Magazine in the wine category in 2007 and 2008 consecutively. The store boasts of more than 140 locations nationally including Mexico and Puerto Rico.
If you have inspiration to open your own retail wine boutique, WineStyles team is dedicated to helping you achieve this goal. The brand of the company is highly recognized in the industry. The team also provides unrelenting support to ensure success of the franchisees. The brand is celebration of choice while at the same time simplifying the shopping experience. Raising successful franchisees is heritage to this franchise and is what drives the culture of the organization.
The WineStyle wine franchise is available for individuals but it is also available in multiple units that are suitable for corporate. If it has been your dream to share your inspiration for vino with other enthusiasts, you can count on the support of one of the fastest growing franchise in the wine industry.
The investment cost of the franchise requires average investment ranging between $148,000 and $234,500. The initial franchise fee of the business is $25,000. Royalty fee of 6% is also applicable. It is imperative for prospective investors to understand that the franchiser does not offer financial support hence they need to acquire the required capital using their own means. Third party financing of the investment are however available. Other costs that have to be accounted for in addition to these basic requirements when investing include equipment, payroll and inventory and accounts receivable.
WineStyles business was established in 2002 and started franchising the same year. This implies that the business was a success right from inception. The franchise may look new in the industry but it is managed by persons who have been in the business of business management right from inception. Investors are given business plan that is blazing the trail in the wine industry. There are more than 40 business units that have already been established at the moment and yet there is even more development potential.