The Prestige Wine & Whiskey Bar

Pitch 

Who are we 

Who are we? We are the new generation of prestige. The Prestige Wine & Whiskey Bar intends to introduce elegance and divinity to the world. As quality and attention to detail are this company's core attributes and values, we have a chance at rapid growth, expansion, and longevity. In comparison, we will offer a fully stocked bar and the best selection of wine, whiskey, and cigar service. There is no doubt in my mind that together we will take the world by storm. 

Problem 

Since the pandemic was declared, As many as 110,000 restaurants have closed according to the National Restaurant Association. The United States Census report stated that the ongoing pandemic had damaged the sales of restaurants and bars by up to $280 billion dollars. This leaves many people with an awkward sense of mental health because of their lack of socialization.  

Solution 

We can fix this! Giving people back that face-to-face interaction will increase self-health, allowing them to do something good for themselves. We plan to offer a serene environment to relax which is a major plus now that everyone is back working. 

Achievement & Traction 

While working closely with known brands like but not limited to Casa De Montecristo, Lynfred Winery, and Spirits and Spice. I have learned the value and production of wine, whiskey, and cigars. This allowed me to create a mobility brand that caters to these choices of spirits and luxury. With certifications in this craftsmanship, we tend to provide customers with a full experience offering an extensive background on the wide range of Wine, Whiskey, and Cigars throughout all regions.  

Market 

The market size of the bar and nightclub sector in the United States reached 20.04 billion U.S. dollars in 2020, down from 29.15 billion U.S. dollars the previous year. The market size of the sector was forecast to increase to 25.09 billion in 2021. The market size, measured by revenue, of the Bars & Nightclubs industry, is $26.7bn in 2022. 

The global cigar and cigarillos market size was estimated at USD 17.45 billion in 2019 and is expected to reach USD 17.96 billion in 2020. 

Due to the COVID-19 pandemic, the global Cigar market size is estimated to be worth $18.130 million in 2022 and is forecast to a readjusted size CAGR of 2.5% during the review period to Worth Around $ 25.26 Billion by 2030 and it is projected to witness a CAGR of 11.54% by 2026. 

Competition 

Knowledge is key! Of course, all companies have competitors but if everyone focused on their competition there wouldn't be much room for personal growth. The key to growth is to never stop learning, even though ironically enough history repeats itself. Having the ability to consistently learn about the different changes and products of this industry is what will set us apart from our competitors. Offering a range of new products and selections to our customers while providing growth and expansion for our distributors opens the doors to massive change and growth for our company. 

Business Model 

Revenue Sales Include: 

Crafted Cocktails 

Wine By The Glass And Bottle Sales 

Wine Table Service 

Crafted Whiskey By the Glass (includes scotch from all regions) 

Whiskey And Wine Promotion  

Single and Box Cigar Sales 

Cigar Service 

Membership Cigar Lounge 

Promotional Events 

Event Services  

Cafe and Appetizer Table Service  

Team 

I can't say that I have a normal team because that would be an understatement. My team is a wide range of business owners who have and will continue to help me along my journey. Incredible is a bit shy of the people I get to network with and learn from. Equip with the knowledge of individuals who run multiple successful corporations in this industry along with my drive, ambition, and attention to detail we are sure to propel this company to new heights.  

Use of Funds 

Funding Request. The total funding request is $500,000.00. 

$5,000.00: Marketing  

$50,000.00: Staffing This portion of funding is intended for hiring employees to produce the services and assist marketing and sales efforts. 

$200,000.00: Location, Permits, Licensing, Furniture, Humidors 

$200,000.00: Cigar, Wine, Spirits Distribution  

$45,000.00: Capital