Why is a paint and sip franchise a big opportunity?
The painting and wine industry, referred to as “paint and sip,” combines the power of two dynamic and longstanding industries: the creative arts and the hospitality sector.
It also draws upon the power of the booming “Do It Yourself” market and home décor trend. Mix in hospitality partners like restaurants, bars and wineries, date night, girl’s night out and creative corporate parties, and you have a robust industry with incredible room for growth.
How is the paint and sip industry poised to have lasting power?
The latest Gomberg Fredrikson figures show that the North American wine retail market is now estimated to be worth $34.6 billion.
Over the 10 years to 2018, IBISWorld forecasts that the Party and Event Planner industry value added (IVA) will grow at an average annual rate of 4.0% compared to 2.1% annualized growth in GDP.
There are approximately 850 million visits each year to American museums, more than the attendance for all major league sporting events and theme parks combined (483 million in 2011). — American Alliance of Museums
Bottle & Bottega is excited to take advantage of the incredible growth of the Painting and Sip Industry and all the benefits it brings our franchisees, small business owners, and local communities throughout the country where we ”pop up” and establish our beautiful studios.