Sometimes it’s just best to learn from other peoples mistakes.

I love wine and would be lying if the thought of opening a wine shop hadn’t crossed my mind. As romantic as it sounds I still stress finding out the realities of running any type of business, so that’s why I though this article was so refreshing. The best part is that The Green Grape wine shop came about when Jason Richelson asked Amy Bennett to start a wine shop while on a date. Would you start a business with someone you just started dating?

HOW THEY DID IT
Amy and Jason financed the shop by selling one apartment and taking out equity on another. He has since opened a second wine store in Manhattan.

Security deposit= $5,000
Construction= $41,710
License= $4,198 (three yrs.)
Lawyer=$6,005
Start-Up Inventory= $100,000
Total Start-Up Cost= $156,913

Rent & Utilities= $3,674 a month
Staffing= $7,000 a month
Inventory= $35,000 a month
Insurance= $1,083 a month
Marketing= $3,000 a month
Rough Monthly Expenses= $49,757

How many $18 bottles of Ex Libris they need to sell a day to break even= 92

Click here to read the rest on what it really takes to start your own wine shop.