Wine Shop Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Wine Shop Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Wine Shop business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready
- Complete Industry Research for the Industry
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Marketing Plan (24 to 28 pages)
- 425+ Page Funding Directory
- PowerPoint Presentation
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- How to Start a Business Guide
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PowerPoint Format
- Meets SBA Requirements
Like any alcohol retailing business, wine shops are almost always able to remain profitable and cash flow positive in any economic climate given that people enjoy alcohol beverages on a year-round basis. Additionally, with the power of the Internet – most wine shops are able to make sales from outside of their retail locations in most states. It should be noted that some states do not allow for the imported sale of wine, however – these regulations are frequently changing and there are only a handful of states left that do not allow for this type of commerce. The barriers to entry for a new wine shop are considered to be moderate and the startup costs are wholly dependent on the initial inventories that are held by these businesses. In most locations, the biggest one time expense for starting a new wine shop is the acquisition of a liquor license. Every state maintains its own very complex laws as it relates to the sale of alcohol, and as such – in some states these liquor licenses are inexpensive and others they can be a expense that’s much higher than the actual build out of the store. It is important that anyone looking to get into the wine shop business hire an attorney to better help them understand with the ongoing expenses are relating to licensure, excise taxes, and other fees that may be associated with owning and operating a licensed wine shop. Typically, most wine shops have a start up cost ranging anywhere from $100,000 to $300,000 that is again dependent on the size of the inventory that will be held at the onset of operation. The gross margins from wine sales typically range anywhere from 60% to 75% depending on the rarity of the wines being sold. There are some wine shop businesses that focus specifically on higher-end wines and rare wines which carry a higher gross margin given the lower inventory turnover.
Given the economically immune nature of these businesses, most banks, lenders, financial institutions, and private investors are willing to put up a significant amount of capital in order to launch a new wine shop. This is especially true in major metropolitan areas given the strong and ongoing demand for these types of products. A wine shop business plan should be developed. As with all business planning documents, this document should have a three-year profit and loss statement, cash flow analysis, balance sheet, breakeven analysis, and business ratios page that focuses on having statistics that are in line with that of similar retail alcohol selling businesses.. Beyond the anticipated financial results over a three-year period, a full demographic analysis should be included as well in order to understand the size of the market and the percentage of people that will be acquiring wine from the business on an ongoing basis. This analysis should include an examination of the population size, population density, median household income, median family income, percentage of people over the age of 21, and other important statistics as well. An examination of the competition should be included not only to focus on other liquor stores within the market but other bars as well. In many states, bars are permitted to sell packaged goods from their locations during specific operating hours. While this should be discussed within the business plan is not overly imperative that a massive analysis of the competition as it relates to bars is included given that most people purchase wine from wine shops. One of the things it also should be mentioned within the business plan is the development of a gift basket service and e-commerce capabilities. The ability to sell wine through an online platform will substantially reduce the risks as it relates to retailing these products to a localized market. In fact, many wine shops that have developed an online sales platform have experienced huge increases in their revenues.
A wine shop marketing plan should be developed as well and be submitted as part of the overall package to a potential financial institution or investor. As it relates to online marketing, and expansive website showcasing the entire inventory of the business, featuring e-commerce functionality, hours of operation, location information, and contact information should be developed. His website should be listed among all major search engines. Beyond a proprietary website, an expansive presence on social media should be developed as well. This includes having FaceBook profiles, a Twitter account, a Google+ account, and an Instagram account for photos of the location. Most importantly, a presence on social media is important during holiday seasons when wine shops want to disseminate specialized deals that will be available through the location. Once a number of people follow the business via social media it becomes very inexpensive to inform the general public of any deals or offerings that are going on during a specific time.. Beyond an online marketing campaign, a wine shop owner-operator should develop ongoing relationships with area hotels, restaurants, bars, and other hospitality focused businesses so that ongoing purchase orders can be developed. While most wine shops focus specifically on retail sales, many of them have developed a smaller wholesale business that provides for highly predictable streams of moderate margin revenues.
A wine shop SWOT analysis should be produced as well. As it relates to strengths, wine shops are always able to remain profitable, they have moderate barriers to entry, and the gross margins are sufficient enough to cover the rental and ongoing operating expenses easily. For weaknesses, while competitive threats are always an issue this is really one of the most pervasive things it needs to be dealt with on an ongoing basis. Within any given market there are a number of other wine shops and liquor stores that provide the products that the wine shop will be selling as well. However, this risk can be substantially ameliorated by having a number of specialty wines in inventory that will ensure that an appropriate differentiating factor for these types of businesses is present. For opportunities, the expansion of an online sales platform is always one of the quickest ways that a business can expand its operations significantly and with only a moderate cost. Also, there is always the possibility for the continued development of additional locations with any local or regional market. For threats, there’s really nothing that would impact the way that these businesses conduct operations moving forward. Technological advances are certainly going to impact the way that wine is sold however there is always going to be a demand for these types of products in any economic climate. As such, a wine shop is a very strong small business investment that can be highly lucrative.