What are Society Wine Bar’s Startup Costs and Fees?
Open a unique low-cost wine bar concept led by wine experts
Are you interested in opening a chic and elegant boutique wine bar concept? Society Wine Bar is primed for growth in the United States, and the costs are significantly lower than a traditional food business, making it an excellent initial investment for entrepreneurs or a potentially high-profit addition to a more experienced investor’s business portfolio.
The total investment range for opening a Society Wine Bar location is low, starting at $151,100. We don’t require a kitchen or extensive buildout, and our simple business model is ideal for retail space conversion. Preferred square footage for your Society Wine Bar is 1,000 to 1,200 feet.
Our franchise team will assist you with location selection, which ideally is within proximity to restaurants and other retail establishments.
|Type of Expenditure||Amount||Method of Payment||When Due||To Whom Payment is Made|
|Initial Franchise Fee||$45,000||Lump Sum||Upon signing of the franchise agreement||Us|
|Grand Opening Costs||$5,000 - $10,000||As incurred||During Grand Opening Period||Suppliers|
|Travel and Living Expenses for Training||$3,000 - $7,000||Lump Sum||Prior to and during Grand Opening Training||Us and Suppliers|
|Lease Payments - 1-2 months rent||$2,100 - $8,200||As incurred||As incurred||Landlord|
|Leasehold improvements, building and construction||$10,000 - $80,000||Lump Sum||Prior to opening, varies by vendor||Suppliers|
|Licenses, Architectural and Engineering Fees||$5,000 - $10,000||As incurred||Before opening||Suppliers|
|Furniture, Fixtures, and Equipment, including small wares and branded items||$20,000 - $60,000||As incurred||Prior to opening||Approved supplier|
|Signs||$2,000 - $6,000||Lump Sum||Before opening, varies by supplier||Supplier|
|Computer System||$3,000 - $5,000||Lump Sum||Prior to opening||Approved supplier|
|Website Development, Online Ordering, E-Mail Marketing||$1,000 - $2,000||As incurred||Before opening, varies by supplier||Approved supplier|
|Initial inventory and supplies||$15,000 - $25,000||As incurred||Before opening, varies by supplier||Approved suppliers (us)|
|Security Deposits (excluding lease deposit)||$2,000 - $4,000||Lump Sum||Before opening, varies by supplier||Suppliers|
|Legal, Accounting and Licenses||$5,000 - $20,000||As incurred||As incurred||Suppliers|
|Insurance (estimated annual)||$3,000 - $5,000||As incurred||As incurred||Insurance companies|
|Employee Salaries - 3 months||$10,000 - $20,000||As incurred||As incurred||Employees|
|Additional Funds - 3 months (these figures have not been offset by operating revenues)||$20,000||As incurred||As incurred, before Opening or otherwise arranged||Us, Suppliers and Utilities, Landlord, Government Agencies, Attorneys, Accountants and Other Professionals|
|TOTAL||$151,100 - $328,200|