🍟 02/20/2025 – Cheers to Steady, Reliable Growth
FRANCHISE OF THE WEEK
MGM Wine & Spirits
Fast Facts
Background
- HQ: St. Paul, MN
- Founded in 1970, franchising since 1977
- MGM Wine & Spirits is a franchise that specializes in wine and spirits retail sales.
Location Trends
Franchise Fees
- Royalty: 2.2%
- Brand Fund: 2%
- Franchise Fee: $40,000 – $50,000
Financial Overview
- The below table discloses information on 27 MGM Wine & Spirits that were fully open and operating for the full 2022 calendar year.
The Wolf’s Take 🍟
Alright, let’s chat about MGM Wine & Spirits. For a franchise fee of $40,000 to $50,000, a 2.2% royalty, and a 2% brand fund, you’re getting into a pretty affordable and stable business.
These guys have been around since 1970 and started franchising in 1977, so they’ve got over 50 years of experience and 37 locations in Central Minnesota. That’s a track record you can trust!
Yes, they sell wine and spirits, but here’s the thing—they’re not trying to be the big, flashy chain. They’re your go-to neighborhood shop with a great selection and reasonable prices. And let’s be honest, people aren’t stopping their wine or whiskey habits anytime soon.
It’s a steady, recession-resistant industry with room to grow, especially with the rise of premium and craft options out there.
So, is MGM Wine & Spirits worth a look? If you want a proven, low-drama franchise with strong potential and a personal touch, I’d say absolutely. Cheers to that!
Resources
SMB TWEET OF THE WEEK
Choose Your Hard – Codie Sanchez
Codie Sanchez said something that has often been repeated for years, but it still resonates every time I read it.
Everything is worth doing right will be hard at some point, so you need to get good at identifying which activities in your life (and business) are worth the discomfort it takes to build them.
