Borvin Beverage Franchise Corp.
At a Glance
Products & Services: Wine wholesale distribution
Number of Locations:
Total Investment: $71K - 76K
Founded: 1985
Began Franchising: 1992
About Borvin Beverage Franchise Corp.
Wine importer and wholesaler Borvin Wines International was founded in Delaware in 1985. The company began selling wine in Virginia and Washington, DC, in 1987. In 1993, Borvin Beverage Franchise Corporation was created by Donald L. Mikovch to offer beverage wholesale and distribution opportunities throughout the United States.Startup Costs, Ongoing Fees and Financing
Total Investment: $71,000 - $76,000
Franchise Fee: $10,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $10,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $250,000
Operations
Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 10 days.
Ongoing Support: Meetings, Internet, Field operations/evaluations,
Marketing Support: Co-op advertising,
Other marketing support: Promotional materials