The franchise is for a WORLD OF BEER Bar and Kitchen. WORLD OF BEER Bars & Kitchens (collectively, "WORLD OF BEER Restaurants" or "Restaurants") offer craft beer, wines, spirits, food and related products in a distinctive and innovative craft bar and kitchen atmosphere. The Restaurants simultaneously function as retail outlets that sell craft beer, wines, spirits and related products for off-premises consumption.
Company Background
WOB is the place for anyone who appreciates quality beer, wine and spirits or simply wants to relax with friends. You'll find an amazing selection of craft beers on tap, over 500 in bottles and cans plus an extensive menu of wines by the glass, bottle or flight. -Mission statement: "To make every day a drinker's holiday!" (quoting their slogan) -Vision statement: "The World of Beer brand promises to deliver great experiences through our dedication to distinctive service; extraordinary products; innovative design; and engaging community."
Franchise Opportunity
There is no one place to go where you can enjoy a great selection of craft beer, spirits, wines and food in an inviting atmosphere. WORLD OF BEER(R) Restaurants are the first concept of its kind that offers more than 500 beers from around the world, including local favorites and hard-to-find imports. Our restaurants offer a wide variety of freshly prepared foods designed to complement our extensive selection of beverages. We strive for excellence in all aspects of our business; we have created a culture that values teamwork and individual initiative while encouraging creativity and innovation. And we're always looking for ways to better serve our customers with new products, services and experiences. The solution is World Of Beer - Craft Beer Bar & Kitchen Franchise! With over 50 years experience in the restaurant industry as well as being part owners of several other successful concepts like Buffalo Wild Wings franchises they know what it takes to make their franchisees successful!
Corporate Structure
World of Beer Franchising, Inc. was organized on May 21, 2007 as a Florida corporation. Their principal offices are located at 10910 Sheldon Road, Tampa, Florida 33626. They have been offering franchises since November 1, 2007.
Investment and Franchisee Fees
The total investment necessary to begin operation of a single unit franchise ranges from $1,152,900 to $1,889,564. This includes an initial fee of $50,000 that must be paid to the franchisor for a single unit franchise.
Earnings Transparency
7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
World of Beer Franchise System Development in 2017
FAQ
How much investment do I need to start my own World of Beer business?
Franchisees typically require at least $1 to $2 investment to get their World of Beer business started
What are the initial franchise fees for World of Beer?
Franchisees typically need to pay at least $50 in fees directly to World of Beer in order to earn the right to launch their business
How much money can I make with a World of Beer franchise? What are
the average revenues for a typical World of Beer business?
We estimate that the average revenue of an individual
World of Beer unit is approximately
$937,344. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a World of Beer unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
4 /10
The Franchisor's investment costs ranges from
$568,020 to $2,528,500
which is
Much Higher
than the $0 to $0 average in the Restaurants (Sit-Down) industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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