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Below is an in-depth analysis and side-by-side comparison of Borvin Beverage vs Waters Edge Wineries including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $50,000 - $125,000 | $269,674 - $769,760 |
Franchise Fee | $25,000 - $75,000 | $50,000 |
Royalty Fee | 5% | 5% +$200/mo. |
Advertising Fee | - | 2% |
Year Founded | 1985 | 2004 |
Year Franchised | 1992 | 2012 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $2K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/Yes |
Start-up Costs | No/No | -/Yes |
Equipment | No/No | -/Yes |
Inventory | No/No | -/Yes |
Receivables | No/No | -/- |
Payroll | No/No | -/Yes |
Training & Support |
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Training | - | You will receive comprehensive training from us.We will provide you with pre-opening training courses, both hands-on and classroom based, to help you prepare for opening for business. We’ll also provide training and documentation on how to run our micro-winery tank system. On-The-Job Training: 1 week Classroom Training: 1 week Additional Training: Via Webinar |
Support | Meetings, Internet, Field operations/evaluations | Ongoing support and refresher training as needed. And, you’ll have access to confidential operational documents and manuals to help guide your daily winery business functions efficiently. Our team of experts will provide on-going support to ensure the success of your business. Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations |
Marketing | Co-op advertising | Getting to know your market - we offer tools and guidance to help know more about the demographics in your market versus our benchmarks. You may want to start to look for spaces that are appropriate for our model, and get an idea on market rents. |
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) | Absentee Ownership Allowed Number of Employees Required to Run: 3 - 5 |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |