Starting a wine bar business can be a great way for an entrepreneur to make a living while enjoying the lifestyle of wine appreciation. Not only that, but the costs of opening a wine-based wine bar by the glass may be lower than opening a full-service restaurant. This means that profit margins can be very attractive. The success of these businesses, which is measured by their ability to stay in business, is the result of hard work and creativity, but it also shows the unique nature of the wine bar as a flexible and resilient business model.
With a focus on beverages and lower operating costs, the wine bar is designed to be more resilient than most other local concepts. When Wilson and his partners decided to open their Chicago store before the pandemic, they had a wine bar with a menu led by chef Ryan Epp, a former student of Alinea and the Aviary. The type of customers that the bar attracts will also play a role; a bar that draws in more affluent customers is likely to make more money than one that attracts younger people with limited budgets. One of the advantages of the wine bar concept is the lower emphasis on food and the potential for having a cheaper kitchen.
Wine bars can maintain such high profit margins because they usually have low overall costs. A cost factor is the level of food service your wine bar will offer and the size and equipment needed for the kitchen area. The team has also started selling food delivery kits designed by Epp, which allow customers to get a glimpse of the wine bar that will soon open its doors. Flexible business models and creative community involvement allow wine bars to remain profitable even in turbulent times.
Hajcak (who also plans to open a virtual wine bar as a new source of income) has gained followers thanks to its biweekly virtual blind tastings; customers choose numbered and pre-packaged wine flights on Hummingbird before tuning in. Greg Hajcak, who moved from New York to Tallahassee, Florida, about five years ago, opened Hummingbird Wine Bar last spring. If you want to open a wine bar, the price of wine per glass may be cheaper than if you want to open a full-service restaurant. Instead of opening a wine bar for dinner with an extensive list of natural wines, Light Sleeper opened its doors in December with a menu of soups, salads and pizzas for takeout.