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£33,995, including £20,000 working capital
£648,000 per annum with a gross profit of £108,216 and EBITDA of £82,956 by Year Three
About Broadway Wine Company
Broadway Wine Company has a mission to provide the best service with quality wines at competitive prices across the UK. The company does this by guaranteeing 48-hour delivery, offering a consultative selling experience and creating great wine lists.
The Broadway Wine Company franchise business has special relationships with its supply base that the brand has cultivated over many years. The company caters to bars, restaurants, clubs, independent retail and consumers that want something different. The typical potential customer wants something different from what they can buy in your average supermarket. They enjoy a premium selection of wines at sensible prices.
Due to how long the company has been in business and the volumes the business purchases at, Broadway Wine Company has secured some of the best buying-in prices available in the market. This allows the brand to pass on these savings to its customers whilst securing good margins for the business.
How does the Broadway Wine Company business model work?
Broadway Wine Company is a sales and marketing company, where the product happens to be wine. As the franchisor, the brand sources and supplies some of the best value wines available to the franchisee. This gives the franchisee the opportunity to function as a marketing team and focus on client acquisition and retention, enabling you to rapidly scale your business by proactively approaching our identified target customers.
The franchisor provides wine market insights and remains abreast of all current wine industry trends by constantly updating and refining the wine range. The range constantly reflects changes in the market place allowing you to capitalise on developing tastes.
What do I get in return for my royalty fee?
The Broadway Wine Company franchise offers a full Foundations Training Programme that covers product knowledge, a highly developed sales process, customer retention and business administration. Software has been adapted and refined to provide easy, day-to-day management of a Broadway Wine Company location.
The franchisor provides continual in-field support, remote business development sessions and we’re always at the end of the phone. The franchisor hosts regular franchisee group meetings, allowing the network to come together and share best practices.
Of course, Broadway Wine Company franchisees are in the wine business, so it’s imperative business owners constantly develop their own palates and knowledge base by attending regular wine tasting special events.
What kind of franchisee is the company looking for?
This opportunity would suit a confident, personable, people person. The business - which is backed by Taylor Made Franchising - provides full training in how to educate customers about the wine selection and offer exceptional customer service to boost customer loyalty. No prior experience in sales or the industry is necessary.
As a business partner of a fast-paced, ever-evolving market, you will need to be resilient. You will need to be determined to succeed and the franchisor will work with you every step of the way to achieve your goals.
Attitude is paramount, skills can be trained. Founder James Kemp worked in property development, before spotting a business opportunity and making the jump to launching his own wine company. With no prior experience, James had to learn by making his own mistakes. The team at Broadway Wine Company has documented and refined all processes in the business, allowing you to fast track your business journey to success.
A passion for wine is a great asset for a prospective franchisee to possess, but the range of services the franchise offers, paired with its robust business plan, means that franchisees are set up to succeed.
How much does a Broadway Wine Company franchise cost?
This is always dependent on the energy you are able to put into the business and whether you are in a position to exceed minimum marketing expectations. The business plan is built around customer service creating repeat custom, which means the model can be scaled rapidly and annual turnover can grow rapidly too.
For an investment of £19,995 (£13,995), you will receive everything you need to launch your business.
• Full Foundations Training lasting three days.
• Digital set up including fully optimised localised website page and social media set up.
• Startup wine stock enabling you to start trading as soon as possible.
• Marketing launch.
• Initial business stationery
• Branded clothing.
• First three months free for the adapted and optimised management information system.
• Regular calls and visits throughout the launch of your business.
In addition to the above, it is recommended you have around £20,000 available in working capital.
All figures are for illustrative purposes
What are the franchise terms?
The franchise agreement is for five years. Renewals are offered providing the franchisee is in good standing.
Why is a Broadway Wine Company franchise a good investment?
There has recently been a revolution in the wine industry and wine trade. Following the lockdowns brought about by the pandemic, consumers are appreciating more than ever enjoying premium quality wine at sensible prices. 2020 saw a staggering increase in wine sales across the UK of 18 per cent and this trend looks set to continue moving forward.
This wine franchise is a social, vibrant, lifestyle-based business offering great returns and the opportunity to meet not just with potential customers but also a wide range of colourful characters. Wine is a social product and one people love to talk about, with our quality selections, creating good relationships with customers should be easy.
How do I start setting up my own Broadway Wine Company franchise?
To find out more, or to request further information on franchise opportunities with Broadway Wine Company, complete the form below and click on the ‘Request Free Information’ button now.
Request Free Information
Send a free enquiry to Broadway Wine Company for further information!