Borvin Beverage Franchise
Monday, April 26, 2010 at 05:55PM Wholesale wine and beverage distribution
Wine importer and wholesaler Borvin Wines International was founded in Delaware in 1985. The company began selling wine in Virginia and Washington, DC, in 1987. In 1993, Borvin Beverage Franchise Corporation was created by Donald L. Mikovch to offer beverage wholesale and distribution opportunities throughout the United States.
Start-up Costs & Franchises Fees
What is the total cost to open a Borvin Beverage Franchises?
Total Cost: $50,000 USD -$110,000 USD
Total Franchise Fees: $25,000 USD -$75,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $2K
Contact Information for Borvin Beverage
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Borvin Beverage |
Phone Number: (703)683-9463 |
Historical Expansion
In what year did Borvin Beverage begin operations? 1985
When did Borvin Beverage begin selling franchises? 1992
Year United States Canada International Corporate 2004 2 0 0 1 2003 0 0 0 1 2002 0 0 0 1 2001 0 0 0 0 2000 0 0 0 3
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee Yes No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
Meetings, Internet referrals, Field support and site evaluation
Marketing
Cooperative advertising
Franchise Operation Restrictions
0% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 3
Absentee ownership of this franchise business is not available to new franchisees. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Sales & marketing experience Outside sales experience
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes