Industry Analysis & Industry Trends
The Wine Bars industry has grown in line with the popularity of wine in the past few years, and people look for a venue to be exposed to a wide variety of wines. The industry has high product turnaround, but with low profit margins, which makes it susceptible to any adverse changes in demand (including any recessionary declines). Changes in household preferences, disposable incomes and consumer spending also influence demand.... 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. There is also a very low prevalence of wine bar operators than 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, although industry knowledge and experience certainly helps. Also, the varying state liquor laws make it difficult for owners to form large chains.
IBISWorld estimates that the top four industry players account for well under 5.0% of total revenue in 2013... purchase to read more