Borvin Beverage vs Tastings Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Borvin Beverage vs Tastings including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Borvin Beverage Franchise
Tastings Franchise
Investment $50,000 - $125,000$300,000
Franchise Fee $25,000 - $75,000N/A
Royalty Fee 5%5%
Advertising Fee -1%
Year Founded 1985-
Year Franchised 1992-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $2K-


Business Experience Requirements
 
Borvin Beverage Franchise
Tastings Franchise
Experience
  • General business experience
  • Marketing skills
  • Outside sales experience
    		• -

    Financing Options
     
    Borvin Beverage Franchise
    Tastings Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Borvin Beverage Franchise
    Tastings Franchise
    Training --
    Support Meetings, Internet, Field operations/evaluations-
    Marketing Co-op advertising-
    Operations 0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Borvin Beverage Franchise
    Tastings Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Borvin Beverage

    Borvin Beverage Franchise Corporation (BBFC) was formed by Don Mikovch in 1992. Prior to forming BBFC, Don Mikovch served as CEO of several international high technology and broadcasting companies, where he received numerous awards and recognitions for his business achievements. In 1985 and after extensive worldwide travel, Don created Borvin Beverage (formerly Borvin Wines International), a wine importer and wholesale distributor located in Alexandria, Virginia.
    Borvin Beverage operated successfully which gave Don the additional knowledge, experience and incentive to franchise this business.

    About Tastings

    "Tastings" is truly about creating a wonderful and unique "Wine Experience" for our customers. We are Friends, Neighbors, and Wine Enthusiasts who happened upon a remarkable wine bar in Italy. After sheer amazement at the progressive wine-sampling technology, we knew we had to share it with everyone back home. After years of research and hard work, not to mention a lot of wine "sampling", we opened Tastings with the intention of impressing everyone else beyond the limits of how the bar in Italy impressed us. Tastings opened its first location in the dynamic area of downtown St Petersburg, FL in 2005. After months of inquiries and wishes for other locations, we decided to franchise Tastings in order to share this exciting new concept with everyone across the nation. It was in August of 2006 that we sold our first franchise and then our second franchise just a few months later. The level of interest since then has only intensified and we are looking forward to an exhilarating new year. We hope you will find the comfortable atmosphere of Tastings to be that of your own home. Entertaining with friends and enjoying wine & food is truly a passion of ours, and we are excited to share with you the venue to do so yourself. Cheers! Penny Maso, President