-
Call Us Now
866-424-9463 -
Email Us
uncorked@winestyles.com - GET MORE INFO
Investment Criteria
You don’t necessarily need experience with wine, food or retail industries, but a background in business sales or event management experience is preferred. You will need to be committed to working full-time and inside your own store to make your investment as successful as it can be.
Investment Profile
WineStyles Tasting Station franchisees typically like wine, craft beer and good food, but to join our team and become your own boss, you should be passionate about creating a business culture that relentlessly serves its customers.
The Franchisee Breakdown:
- Initial investment ranges from approximately $230,500 – $475,500
- Franchise fee is $25,000 and each additional store thereafter is $20,000
- Minimum liquid assets of $225,500 per unit
- Minimum net worth of $600,000 per unit
- Franchisees can expect to pay a 6% royalty fee of monthly gross revenue
- Contribution of 3% of monthly gross revenue into a national marketing fund
- Desire and ability to learn and follow a system that ensures customer satisfaction
- Strong interpersonal skills and ability to manage and motivate employees while expanding a customer base
- Resources and ability to open first unit within 12 months
Get Started Today
Fill out the form below to receive more information.
Initial Investment
The total cost for the initial WineStyles Tasting Station franchise investment is approximated at $229,000 to $380,000. Below is a breakdown of the approximate costs.
Initial Franchise Fee
Amount: $25,000
Method of Payment: Lump Sum
Payment Due: When You Sign Franchise Agreement
Payment Made to: WineStyles
Architectural Services Fee
Amount: $2,500
Method of Payment: Lump Sum
Payment Due: As incurred
Payment Made to: Approved Supplier
Real Estate Development
First & last security deposit
Amount: $5,000 – $20,000
Method of Payment: Lump Sum or Financed
Payment Due: Prior to Opening
Payment Made to: Landlord, Contractor or other 3rd Party
Tenant Improvements
Electrical, plumbing, walls, ceiling, floor, painting, installation, permits
Amount: $50,000 – $150,000
Method of Payment: Lump Sum or Financed
Payment Due: Per Agreement with General Contractor
Payment Made to: Contractors or other third parties
Furniture, Fixtures, Smallwares & Equipment
Amount: $32,000 – $68,000
Method of Payment: Lump Sum or Financed
Payment Due: As Incurred Prior to Opening
Payment Made to: Approved Suppliers
Opening Inventory
Amount: $28,000 – $55,000
Method of Payment: Vendor Terms
Payment Due: Vendor Terms
Payment Made to: Approved Suppliers
Miscellaneous Opening Costs
Amount: $3,000 – $5,000
Method of Payment: As incurred
Payment Due: As Incurred Prior to Opening
Payment Made to: Vendors
Licenses & Permits
Amount: $2,000 – $15,000
Method of Payment: As incurred
Payment Due: As Incurred Prior to Opening
Payment Made to: Government Suppliers
Insurance
Including worker’s compensation
Amount: $2,500 – $5,200
Method of Payment: As incurred
Payment Due: Per Insurance Carrier
Payment Made to: Insurance Company
Grand Opening Advertising
Amount: $7,500 – $15,000
Method of Payment: Lump Sum
Payment Due: As Required
Payment Made to: Advertising Agencies, Third Party Vendors
Travel & Living Expenses while in Training
Amount: $1,000 – $1,800
Method of Payment: As incurred
Payment Due: As Required
Payment Made to: Airlines, Rental Car Agencies, Restaurants, Hotels, etc.
Point of Sale System
Software and hardware
Amount: $12,000 – $13,000
Method of Payment: Lump Sum or Financed
Payment Due: As Required
Payment Made to: Approved Suppliers
Working Capital
Amount: $60,000 – $100,000
Method of Payment: As Incurred
Payment Due: As Required
Payment Made to: Various