VN-221 - Laserfiche WebLink

Home Browse Search

-2- y bar in a shopping center, Our present on-sale ~ downtown caters to a working class clientel. It is my belief that none of these operations would affect this proposed type of operation, nor would we affect theirs. COST; See Neal's report. POTENTIAL: Wine bars are rapidly appearing throughout the country as the wine. boom continues, 1980 California production is over 400 million gallons, and by 1990 it is expected to exceed 800 million gallons. (Wine Institue report attached,) The idea of having this operation attached to a package store in unique, but very advantageous, (Attorney's opinion about legal- ity is attached. It indicates no legal restric- tions,) After tasting a wine by the glass, it is readily available in the package store by the bottle or case, Excitement can be created on-the cordials, beer promotions and fancy drinks whose ingredients would also be for sale, STAFFING: Hours of the operation would be 11-1:00 a.m., Monday through Saturday, Would propose initially • ~~ 1 full-time skilled bartender, 47 hours of part-time bartending, 24 hours for a stockperson ~ and 16 hours for a waitress, Total cost ~~1 ,s(`y`~ ~" would be $41, 909, 78~ This represents minimum 1 ~~.~~3U° personnel requirement and would need to be revised if volume dictated, Utilization of knowledgeable wine people working both the package store and wine bar would also be employed, PROFITABILITY: Since the uniqueness of the operation limits availability to historical data, revenue projec- tions are based on conservative estimates of all available information on wine bars that I have been able to secure. Our 1st year's gross should be $250,000 to $300,000 in the on-sale alone, which would return between $75,000 and $90,000 profit, I believe these figures to be conservative and obtainable, There will be an impact on sales in the package store, but it is impassible to project a dollar figure. FINANCING: See report.