Established Retail Wine Area Developer
Location Texas,United States
Asking Price Range $500K - $1.0M
Gross Revenues $134665
Net Profit / Cash Flow $118184
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2005
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Franchisor will provide training. Current owner will assist during transition.
Reason for Sale Pursue another career.
Description 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. The territory includes 50 possible franchises. Projected royalty stream and percent of franchise fees for 2008 with just two additional franchises will come close to $200,000. 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. Asking price is $550,000.
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