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 Investment Chapter
The Wine Bars industry exhibits a low level of capital intensity. In 2015, for every $1.00 the average operator spends on wages, it will spend about $0.11 on the use and replacement of capital. The industry is highly dependent on human capital due to its service-oriented nature. Although most staff are relatively low-skilled, low-cost workers, no bar can function without quality staff with a broad knowledge of wine varieties and regions. The average operator spends about 27.1% of its revenue on wages and associated labor costs.
The cost of an establishment's initial capital investment will depend on the size and style of the establishment. However, most wine bars are small-to-medium in size and do not require extensive renovations... purchase to read more