| Frequently Asked Questions on the Wine BOS Franchise
Q - What is my total invest ment going to be ? A The Franchise Fee is $35k of which $10k will be the deposit and the remainder $25k to be paid within 3 months of the first deposit. Q Am I restricted to ONE franchise or can I take more than one. ? A More than one is allowed but there is no discount. Q- Will Wine BOS assist in finding a suitable place ? A Certainly, we can look at all the options and give you our view. But we are not responsible for the final choice. Q - How much do I need to pay for royalties? A At this point in time for the first few outlets in Singapore, Wine BOS will NOT be charging royalties. Q Do I have to buy ALL my wines from Wine BOS.? A 10% of total bottles stocked can be from your own/outside source Q - How much stock do I have to buy initially? A - We expect you to hold between $5-10k initially depending on the size of your unit. Q - Will you help with correct stocking of fast moving wines ? A- Of course and not only that in the first 6 months we shall take back anything that doesnt move. Q What Margins can I expect from the Wines ? A Minimum 50% Max 70% Q- What about other suppliers, for food etc ? A Wine BOS will give the full list of suppliers to you and the costs. Its up to you to buy from these or other similar suppliers. Q Are we restricted to food we serve at outlets. A Wine BOS has about 5 items which are mandatory, the rest is your own choice/creations . Q. How much do we need to invest in furniture and fittings. A. If the place is bare we estimate between $5-10K depending on your ability to buy couches/sofas to suit your particular setting. Q. What do you expect a typical outlet to turnover ? A. Monthly $45k gross margin $20-25k overheads (rent, staff, power etc) $10-12k Q. How long is the Franchise valid for ? A. Typically for 3 years. |
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