Opening a Wine Store - any store owners out there to share theexperience?
On Jan 28, 2:23 am, "Bi!!" > wrote:
> On Jan 27, 8:07 pm, Wine For Newbies >
> wrote:
>
>
>
> > On Jan 27, 7:00 pm, "Bi!!" > wrote:
>
> > > On Jan 27, 2:38�pm, Wine For Newbies >
> > > wrote:
>
> > > > On Jan 27, 2:33 pm, cwdjrxyz > wrote:
>
> > > > > On Jan 27, 1:18 pm, Wine For Newbies >
> > > > > wrote:
>
> > > > > > My dream is to open a wine store (wine only, not a generic liquor
> > > > > > store) at some point in the future.
> > > > > > I would like to know if there are store owners in the group who would
> > > > > > like to share their experiences.
> > > > > > Was it worth it opening the store? Is it still worth it? Pitfalls? How
> > > > > > to get figure out the numbers for a business plan? Any information is
> > > > > > helpful.
>
> > > > > From a customer's viewpoint, I would strongly encourage you to include
> > > > > a few quality beverages that may be served before, with, or after a
> > > > > meal. Depending on what country you are in, these might include
> > > > > Cognac, Armagnc, fruit eau-de-vie such as Framboise, perhaps a few
> > > > > quality liquors. In other words, I would suggest a one-stop for buying
> > > > > what you need for a dinner. If customers are forced to go to another
> > > > > store to buy Cognac, etc they need for a meal, they may find it more
> > > > > convenient to buy their wine at the other store also.
>
> > > > That makes sense. I just don't want to fall into opening a liquor
> > > > store that looks cheap.
> > > > Thank you,
>
> > > > Andrehttp://www.winefornewbies.com/-Hidequotedtext -
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> > > > - Show quoted text -
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> > > It would help to know where you are located. With direct shipping and
> > > easy internet access we're seeing a change in the retail wine store
> > > business. As a distributor we noted a 14% decrease in sales to retail
> > > outlets in 2007 in revenue but a small increase in volume and analysis
> > > of those numbers showed an increase in sales of moderately priced
> > > French, Italian and German wines and a decrease in sales of domestic
> > > value wines. We also noted that 14 retail wine stores closed in Ohio
> > > and Kentucky in 2007. I personally knew four of those store owners
> > > and all of them closed due to downward margin pressure from larger
> > > players and internet sales and increased overhead. The bottom line is
> > > that high end, allocated wines are not making it into the hands of the
> > > small retailer and it's hard to make a living selling wines priced at
> > > under $20 bottle by bottle. Low end wines require large volumes and
> > > it's hard to compete against WHole Foods, Costco, etc in that market
> > > given the advertising budget and marketing power of the larger
> > > players.
>
> > Thank you for your very helpful info. I live in New York, but I don't
> > believe opening a store in Manhattan will be an option, considering
> > the exorbitant costs in the city.
> > I do plan on taking a more high-end approach, so your feedback also
> > helps me consolidate my idea a little better.
> > I noticed some new stores popping up around Manhattan, but mostly they
> > have a different and fresh approach to wine selling. They are clean-
> > looking, with one single bottle of each wine on display, good lighting
> > and excellent customer service. I do hope there is still space in the
> > market for me when I am ready.
>
> > Again, thank you.
>
> > Andre- Hide quoted text -
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> > - Show quoted text -
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> Good luck.
Thank you.
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