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General

Industry

Retail Products and Services

Category

Specialized

SBA Identifier

S2309

Year of Founding

2012

Fees

Marketing Fee

3%

Royalty Fee

6%

Franchise Fee

$25,000-$25,000

Investment Range

$231K-$476K

Location units

Total U.S. Locations

12

U.S. Franchised Units

10

U.S. Corporate Units

2

Headquarters (City)

West Des Moines

Other

Item 19 - Franchise Financials

Yes

Financing Availability

yes

Started Offering Franchises

2012

Issuance of FDD Data

04/29/2020

What to know about Winestyles Tasting Station franchise?

We grant qualified franchisees the right to operate a retail store offering a variety of products including some or all of the following: wine and beer (both retail sales and wine bar), coffee, tea, chocolate, cheese, gourmet food items, gift baskets and related products, using WineStyles Tasting Station procedures and format.

Winestyles Tasting Station is based in West Des Moines, IA. Scroll down to learn more!

How much does a Winestyles Tasting Station franchise cost?

Are you wondering how much is a Winestyles Tasting Station franchise? Before starting a Winestyles Tasting Station franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Winestyles Tasting Station franchise is $230,500 and can go all the way up to $475,500. Keep in mind, you should also allocate additional funds to live off of while the Winestyles Tasting Station business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Winestyles Tasting Station franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Winestyles Tasting Station business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Winestyles Tasting Station franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Download our guide to compare Winestyles Tasting Station. Hotels to the Specialized, Outdoor Retail Products and Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2016 18 0 3 15
2017 15 0 5 12
2018 12 2 1 11
2019 11 0 1 10

Additional Details

How much does a Winestyles Tasting Station franchise owner make?

Winestyles Tasting Station franchise earnings and revenue can vary significantly from one franchisee to another.
The Winestyles Tasting Station franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Winestyles Tasting Station discloses financials at the unit level. In other words, they show how much Winestyles Tasting Station franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Winestyles Tasting Station franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Winestyles Tasting Station. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Winestyles Tasting Station owners were making.

Visit the Winestyles Tasting Station metrics tab to explore the financials for this business.

What is the Winestyles Tasting Station franchise fee?

Owning a Winestyles Tasting Station franchise requires 6% royalty fee and 3% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Winestyles Tasting Station Franchise Disclosure Document

Keep in mind, there is also an initial Winestyles Tasting Station franchise fee of $25,000 that is included in the initial investment amount of $230,500 to $475,500. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Winestyles Tasting Station franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Winestyles Tasting Station franchise fee of $25,000.

Visit the Winestyles Tasting Station metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Winestyles Tasting Station founded?

Winestyles Tasting Station started offering franchises in 2012. Winestyles Tasting Station was founded 10 years ago in 2012.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Winestyles Tasting Station locations are in the U.S.?

As of 2020, there were 10 locations across the U.S. There are also 2 corporate locations. Most Retail Products and Services franchises like Winestyles Tasting Station have more franchised locations than corporate locations.

How many Winestyles Tasting Station franchises opened over the past few years?

Over the prior 3 years we have data for, Winestyles Tasting Station has opened 2 outlets throughout the U.S. Visit the Winestyles Tasting Station metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Winestyles Tasting Station franchises closed over the past few years?

Over the prior 3 years we have data for, Winestyles Tasting Station has closed 7 outlets throughout the U.S

Visit the Winestyles Tasting Station metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is Winestyles Tasting Station growing? Are they opening more locations than they are closing?

The net unit growth rate for Winestyles Tasting Station over the past 3 years is -33%. Over the last year we have data for, Winestyles Tasting Station had a net unit growth rate of -9%.

Without a comparison, this number doesn’t mean much. Compare how the Winestyles Tasting Station growth rate compares to 2,000+ other franchises and Industry franchises like Winestyles Tasting Station. More info in the Winestyles Tasting Station metrics tab.

Is Winestyles Tasting Station franchise eligible for an SBA Loan?

Winestyles Tasting Station is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.

Winestyles Tasting Station franchise was assigned the SBA Franchise ID of S2309 on 10/01/2017. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like Winestyles Tasting Station that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. Currently, there are over 7,000 franchise opportunities that the SBA has deemed eligible for SBA financing.

Is Winestyles Tasting Station a franchise in the United States?

According to the SBA, Winestyles Tasting Station meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Winestyles Tasting Station provides you with an FDD if you are in discussion to buy a Winestyles Tasting Station.

What is the Winestyles Tasting Station Franchise for Sale Rate?

The Winestyles Tasting Station systemwide health and franchisee satisfaction can be measured by the Winestyles Tasting Stationfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Winestyles Tasting Station franchise for sale rate over the past 3 years is 8%. Over the last year we have data for, Winestyles Tasting Station had a franchise for sale rate of 10%.

Without a comparison, this number doesn’t mean much. Compare how the Winestyles Tasting Station franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Winestyles Tasting Station. More info in the Winestyles Tasting Station metrics tab.

What is the Winestyles Tasting Station Franchise Failure Rate?

Winestyles Tasting Station franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Winestyles Tasting Station failure rate over the past 3 years is 70%. Over the last year we have data for, Winestyles Tasting Station had a franchise failure rate of 10%.

Without a comparison, this number doesn’t mean much. Compare how the Winestyles Tasting Station franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Winestyles Tasting Station. More info in the Winestyles Tasting Station metrics tab.

How can I find out more details on Winestyles Tasting Station franchise?

Visit the Winestyles Tasting Station metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Winestyles Tasting Station

$353,000

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Winestyles Tasting Station

6%

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Winestyles Tasting Station

$25,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2020)

General

Industry

Retail Products and Services

Category

Specialized

SBA Identifier

S2309

Year of Founding

2012

Fees

Marketing Fee

3%

Royalty Fee

6%

Franchise Fee

$25,000-$25,000

Investment Range

$231K-$476K

Location units

Total U.S. Locations

12

U.S. Franchised Units

10

U.S. Corporate Units

2

Headquarters (City)

West Des Moines

Other

Item 19 - Franchise Financials

Yes

Financing Availability

yes

Started Offering Franchises

2012

Issuance of FDD Data

04/29/2020

Detailed Franchise metrics for Winestyles Tasting Station

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Winestyles Tasting Station below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Winestyles Tasting Station

$25,000

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2020)

Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Winestyles Tasting Station

10%

70%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Winestyles Tasting Station

10%

8%

Industry median

All franchises median

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Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

5515 Mills Civic Pkwy, #120

State headquarters

Iowa

Key leadership

Winestyles Tasting Station

Phone

+1 (000) 0********00

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City

West Des Moines

Zip code

50266
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