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Updated RecentlyWorld of Beer vs Waters Edge Wineries Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of World of Beer 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 | $800,000 - $1,100,000 | $269,674 - $769,760 |
| Franchise Fee | $50,000 | $50,000 |
| Royalty Fee | 6% | 5% +$200/mo. |
| Advertising Fee | 0.5%Nat'l+1.5%Local | 2% |
| Year Founded | 2007 | 2004 |
| Year Franchised | 2009 | 2012 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | * Liquid Assets Over $200,000 * Net Worth Above $850,000 * Credit Score of 680 or Above * Food and Beverage Industry Experience Preferred * Business Ownership and Employee Management Experience Preferred * Commitment to Protecting and Enhancing the World of Beer Brand Integrity * A Passion for Good Beer | - |
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 | Prior to the opening of a new tavern, we provide an extensive training program for you and your management team. The program includes topics such as product knowledge and history, customer service fundamentals, employee motivation, advertising, accounting & record keeping, purchasing, inventory management, point-of-sale (POS) system operation, and staff duties. In addition to the initial management training program, we send a certified trainer to your tavern to offer hands-on assistance during the opening of your World of Beer. After the initial opening, a field representative will make periodic visits to help make sure that these core competencies remain in place. | 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 | We are constantly improving and refining every aspect of the business by conducting research in the areas of product development, culinary innovation, information systems, operational methods and techniques, and marketing and advertising. As new business practices are developed and operating efficiencies are discovered, they are shared within the WOB franchise community. | 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 | Yes | - |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About World of Beer
In 2007 two best friends opened the World of Beer in the Westchase community of Tampa, FL. Their vision was to create a welcoming place where friends could gather to discover craft beer and swap stories while taking in a game or enjoying live music. Today, World of Beer is leading the unique, exploding cultural phenomenon of Craft Taverns. At our core is, of course, beer. We hunt and gather beers from around the world, offering the best craft variety on the planet to the beer aficionado and casual beer fan alike. Complementing our amazing beer selection is our delicious "tavern fare" menu, craft spirits, and live entertainment all served up by a passionate, insanely knowledgeable staff. The result, a winning concept and a truly golden opportunity. What sets World of Beer Apart? *The Best Selection of Craft Beers. Leveraging national scale and local autonomy we relentlessly hunt and gather global craft beers you simply can't get anywhere else. This same spirit applies to our emerging craft spirits offering. *Insanely Knowledgeable Staff. We attract people passionate about beer all trained through our unparalleled beer school, ensuring every customer as an able guide for their next great beer discovery *Innovative Tavern Fare. A bold collection of innovative dishes and tavern classics geared toward enhancing the flavor of craft beer. Leadership/Support. Our management and support team is loaded with restaurant and franchise professionals. Superior Technology. From superior AV systems, proprietary management systems, and innovative mobile apps, we invest in technology that betters the customer and franchisee experience. Exceptional Unit Economics. An attractive sales-to-investment ratio International Qualifications. Development Fee. Based on Market Size. Area Development. 3 Taverns in 3 years. Franchise Fee. $30,000 USD per location. Royalty Fee. 6.0% of Sales. Marketing Fee. 1.5% of Sales spent in local market. Global Marketing Fund. 0.5%. Investment. The investment required to open each individual location will vary from country to country.
About Waters Edge Wineries
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Delaware, Florida, Hawaii, Iowa, Illinois, Indiana, Kansas, Kentucky, Massachusetts, Maryland, Maine, Michigan, Missouri, Montana, North Carolina, North Dakota, New Hampshire, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Texas, Utah, Virginia, Vermont, Washington, Wisconsin and Wyoming