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 - Starting a New Business Chapter
Barriers to entry are low and steady among operators in the Wine Bars industry, underlined by the independent business character of the industry. The industry is almost entirely made up of individual operations that cater to the local market, which negates the need for entry costs associated with large-scale expansion and operations. Wine bars focus on selling high-margin products to targeted customers, which diminishes their reliance on sheer volume.
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