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Below is an in-depth analysis and side-by-side comparison of Tastings 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 | $300,000 | $269,674 - $769,760 |
Franchise Fee | N/A | $50,000 |
Royalty Fee | 5% | 5% +$200/mo. |
Advertising Fee | 1% | 2% |
Year Founded | - | 2004 |
Year Franchised | - | 2012 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
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 |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/- |
Payroll | -/- | -/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 | - | 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 | - | 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 | - | Absentee Ownership Allowed Number of Employees Required to Run: 3 - 5 |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
"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