WineStyles Inc.

Wine store

Background

Founded: 2002 Franchising since: 2002
Address:
5100 Copans Rd., #310
Margate, Florida 33063
Phone:
(954)984-0070


Franchisor has 12 employee(s); 4 employee(s) in franchise department.

Franchise Units
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2009 121 0 4 0
2008 136 0 2 0
2007 111 0 2 1
2006 80 0 1 0

Where Seeking Franchisees
Nationwide
Worldwide

Exclusive territories available.

Costs and Fees

Total investment: $229,000 - $380,500
Franchise fee: $25,000
Ongoing royalty fee: 6%
Term of agreement: Term of agreement not renewable


Type of Financing Available
In-House Third Party
Franchise Fee No No
Startup Costs No Yes
Equipment No Yes
Inventory No No
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $200,000
Cash liquidity requirement: $75,000
Business Experience:
  • General business experience

Operations
  • 25% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 3 - 3
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 5 days
  • At franchisee's location: 3 days

Ongoing Support
  • Newsletter
  • Meetings
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Ad slicks
  • National media
  • Regional advertising

Rankings

Franchise 500® rank:
#446 (2010); #414 (2008); #183 (2007); #452 (2006);

Fastest-Growing Franchises:
#81 (2008); #97 (2007);

Top New Ranking:
#6 (2007); #37 (2006);

America's Top Global Franchises:
#141 (2008); #198 (2007);


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