Wine and Specialty Foods Franchises

According to Silicon Valley Bank, the wine industry has witnessed steady growth for the last 10 years, making it a $30 billion industry. This is for both international and domestic wines and the industry growth is expected to increase in the long term by 4 to 6 percent. One of the major advantages of starting a wine company of your own is the wide range of opportunities that you can base your business. These opportunities include a wine retailer, vineyard or a wine bar among other wine-related enterprises. In order for wine retailers and wine bars to ensure that they succeed in their businesses, they should make sure that they have connections with potential customers such as catering companies, wedding planners, business and restaurant associations. These networks in return will increase their clientele. Vineyard companies should also establish connections with potential clients including; supermarkets, gourmet food markets, and fruit stands. A wine bar franchise is an interesting business venture because of the huge interest among consumers who love indulging and experimenting in gourmet wines. Even if this business venture does not offer a popular brand name, it offers a great growth opportunity. Since there are growing signs in this industry, a wine bar is a franchise is a potential business opportunity. However, whenever you want to invest in any industry, you should first conduct market research to make sure that the opportunity is viable and the wine industry is no exception. Studies show that the wine bar industry is growing, but is facing massive competition from other beverages and imports as well. Nonetheless, the industry is still expected to steadily grow in the year 2018 by at least 2 percent in the annual U.S wine sales value. Wines & Vines BW166 (2018) has a report that in 2017, the total US wine sales amounted to $62.7 billion. From this figure, $20.9 billion was generated by international wines while $41.8 billion was generated by domestic wine. Here are some important points of information to research before you decide on which Wine Franchises is best for your situation. 1. Check out all the other franchise locations and other types of Wine Franchises market competition in your area. 2. Research each Wine Franchises and list the services they offer and specialize in to determine the best fit for you. 3. Review each Wine Franchises and make a chart that includes franchise fees, startup cost, cash investment, etc. 4. Call and talk with current franchise owners and get their opinion on the pros and cons of the different franchise options. At Franchise Clique, we are proud to present a variety of Wine Franchises opportunities in our listings. Find your next investment today!