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 - Starting a New Business Chapter
Barriers to entry are low and steady among operators in the Wine Bars industry, which has contributed to the industry's many small, independent establishments. The industry is almost entirely made up of individual operations that cater to local markets, and this industry structure has largely negated the need for entry costs associated with large-scale expansion and operations. Wine bars focus on selling high-margin products to local customers, thus sparing prospective entrants the burden of seeking out loans and investment in substantial amounts of capital prior to opening.
Wine bars need to secure the appropriate liquor license for operation. Wine bars must also procure a reliable supply of their products to maintain long-term operations... purchase to read more