World of Beer is a craft beer retailer and bar serving craft beers, wines, spirits, and food in a distinctive atmosphere. The franchise combines retail sales with bar service for a unique social experience.
Key Insights
- World Of Beer began with a vision to create a gathering place for beer enthusiasts, evolving into a premier destination for craft beer exploration. The business offers an extensive selection of brews, a welcoming atmosphere, and a community focus, establishing a strong brand presence across numerous locations.
- The franchise operates a unique model centered around providing an unparalleled beer experience. Guests can explore a vast rotating tap list and bottled selection, complemented by a food menu designed to pair with various beer styles. This approach fosters repeat patronage and brand loyalty.
- The business is positioned within the thriving craft beer and casual dining industry, a sector characterized by consumer interest in unique beverage options and social dining experiences. This industry provides a robust market for the franchise's offerings.
Franchise Fee and Costs to Open
Exploring the financial picture of World Of Beer gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $1,346,100 - $1,996,974, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Yearly gross sales of $881,366 and estimated earnings of $61,696 - $88,137 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 22.8-24.8 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
World Of Beer provides comprehensive initial training. This program is approximately three weeks long and is conducted at their corporate headquarters in Tampa, Florida. World Of Beer offers a wealth of resources to support new franchisees. These resources include operational manuals and marketing guidance.
Legal Considerations
Legal considerations for a World Of Beer franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may consider navigating intense local market competition from established bars and restaurants. Operational complexity, including inventory management for a diverse beer selection and staff training, presents ongoing considerations. Reliance on specific supply chains for unique craft brews could also introduce challenges in ensuring consistent availability and quality for customers.
Franchise Datasheet
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