Since 2000, American consumption of wine has almost doubled, from 574 million total gallons to 949 million gallons. If you love wine, or simply want to take advantage of this growing opportunity, you might want to consider a wine franchise. There is still tremendous potential in this category, making now an ideal time to consider turning an appreciation of wine into a profitable and stable business venture.
View Wine FranchisesRevenue in the wine market will amount to an estimated $32,056 million in 2018.
SOURCE: Statista
The wine market is expected to grow annually by 7.3% between 2018 and 2021.
SOURCE: Statista
Per person wine revenues of almost $98 are expected to be generated in 2018.
SOURCE: Statista
Worldwide, the U.S. makes the most revenue in wine sales, an estimated $32,056 million in 2018.
SOURCE: Statista
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Statista
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Statista
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Statista
There are several options for a potential wine franchise owner to consider when investigating this business opportunity. Some wine locations concentrate more on educating their consumer, organizing wines by categories to guide their less knowledgeable patrons. Others broaden the experience by pairing wines with food items to enhance the buying experience. Either way, if you have a love of the grape, a wine franchise can be a fun way to explore your entrepreneurial dreams.
The ongoing interest in wine indicates the positive potential a wine franchise offers someone interested in owning their own business. What’s more, if your location provides top-notch customer service to guide and educate your consumer, you will be able to create loyal, return patrons. The consumption and appreciation of wine presents a profitable and expanding market in the United States, one a savvy business person can benefit from if they choose it as their potential franchise.
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