Business Idea Center:
Wine Shop

Business At A Glance

Wine Shop
Startup Costs: $10,000 - $50,000 About
Franchises Available? No
Online Operation? Yes

Drink to your health and to your business.

Business Overview

Retailing wine can be extremely profitable, and this type of business can even be operated from a well-positioned kiosk located in a mall or market. In the right location, walk-in customers will keep you busy selling lots of wine. But as a method to bolster sales and profits, also be sure to establish alliances with event and wedding planners, catering companies, and business clubs and associations as they can become a great source of repeat business. Like any retail business, seek a competitive advantage, meaning offer your customers something the competition does not. Perhaps phone-in orders with free delivery or maybe a weekly wine tasting night. The ability to separate your business from the competitions’ often is the difference between business success or business failure.

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