Industry Analysis & Industry Trends
The Wine Bars industry has enjoyed a stellar run over the past five years and has taken advantage of an evolving hospitality landscape. The industry, which consists of bars that primarily serve large selections of wine rather than draft beer and mixed drinks, has comfortably outpaced the Bars and Nightclubs industry as a whole. Although per capita expenditure on alcohol has experienced only minimal yearly growth in recent years, the industry has achieved significant popularity with both the industry's youngest and oldest consumers. IBISWorld expects the industry to continue to steal market share from other forms of bars and restaurants over the next five years as consumers with rising incomes will continue to seek affordable gourmet dining experiences.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry is highly fragmented and consists of a large number of small operators, many of which are family owned and operated. The top four players in the industry account for well under 5.0% of total revenue, and most establishments are small businesses employing fewer than 20 people. According to the US Census, of all the establishments throughout the larger Bars and Nightclubs industry, 98.3% employee fewer than 50 people and 77.6% employ fewer than 10.
There is also a very low prevalence of wine bar operators that own more than one location. There are limited economies of scale that can be gained from operating more than one wine bar, mainly due to the high labor intensity of the industry... purchase to read more