Franchise FAQ

is spec's liquor a franchise

by Don Kirlin Published 2 years ago Updated 1 year ago
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SPEC started offering franchises in 2008. SPEC was founded 18 years ago in 2004.

Is Spec's a liquor store?

Spec's Family Partners, LTD, doing business as Spec's Wine, Spirits & Finer Foods, is a Texas family-owned liquor store chain, with headquarters in Midtown, Houston.

What is spec's wine called now?

Spec's Wine, Spirits & Finer Foods. Spec's Family Partners, LTD, doing business as Spec's Wine, Spirits & Finer Foods, is a Texas family-owned liquor store chain, with headquarters in Midtown, Houston.

Is there such a thing as a liquor store franchise?

Please also remember that liquor store franchises are just one of many food franchises available. Other opportunities include: buffet franchises, convenience store franchises and fast food business opportunities.

Is there a spec's liquor store in Galveston TX?

In 2008 Spec's acquired Palms Liquor in Galveston, giving the chain its first Galveston store. In 2009 Spec's announced plans to open a store in Live Oak, giving the chain its first store in Greater San Antonio.

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Is Spec's only in Texas?

For 55 years, Spec's has been your Texas go-to for good times and gourmet foods. Now, with more than 100 stores across Texas, and more on the way, we're bringing savings and selection to every corner of the Lone Star State.

How many Spec's liquor stores are there in Texas?

Number of location by each stateState NameNumber Of LocationsTEXAS153Apr 22, 2021

Who owns Twin Liquors?

With many years of service to the public, Twin Liquors is truly a “family owned and operated” business. The Jabour family has lived in Austin since the late 1800s, and is one of only a few families in the United States with industry roots dating back to Prohibition.

Do liquor store owners make good money?

How Much Can a Liquor Store Owner Make? As you might imagine, store earnings will vary depending on location. Stores located in a less populated area or state can expect to make around $70,000 per year. In more high-traffic areas, stores will make an average of between $100,000 and $150,000.

How much is a specs franchise?

The minimum investment amount required to open a SPEC franchise is $170,300 and can go all the way up to $1,670,800. Keep in mind, you should also allocate additional funds to live off of while the SPEC business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity.

Who is the owner of specs?

"Spec" Jackson and Carolynn Jackson founded the store. "Spec" Jackson wanted to work for himself and make enough money so Carolynn would not have to work. The store's name originated from his nickname, "Spec's," referring to his eye spectacles. "Spec" Jackson spent $7,000 to have his first store opened.

Who is the CEO of Twin Liquors?

David Jabour - President - Twin Liquors | LinkedIn.

How many Twin Liquors locations are there?

This year, Twin Liquors celebrates its 77th anniversary. The third generation of owners has expanded the business from a small store in 1982 to a successful company consisting of 75 locations across 13 counties in Central Texas.

Is a liquor store a good investment?

Owning a liquor store, and operating it well, can be a highly profitable venture. Ideally, buying a well-located, profitable and well-run liquor store is a solid financial investment that can pay dividends for years to come, plus a big financial pay-off when you sell the business down the road.

What's the most profitable business?

What's the Most Profitable Business to Start in 2022?22 Profitable Businesses to Start in 2022. ... Ecommerce Business. ... Dropshipping Business. ... Vacation or Home Rental. ... Online Courses. ... Bookkeeping or Accounting Services. ... Graphic Design Business. ... Digital Agency.More items...•

How much capital do you need to start a liquor store?

If you want to start a liquor store, you can expect to spend between $50,000 to $100,000 minimum. The costs will range from items like inventory and equipment to staffing and legal requirements. Here's a breakdown of a few of the items. The money liquor store owners need to stock shelves can add up to $35,000.

How many specs are there in Houston?

The Warehouse Store is the crown jewel of the 28-store operation. With over 40,000 labels of wines, spirits, liqueurs, beers, and finer foods, Spec's indeed fills all 80,000 square feet of selling space. The walk-in cigar humidor offers over 900 cigars--more than many tobacconist stores.

Why can't Texas sell liquor on Sunday?

It forced many stores to close on Sundays and others to rope off sections with stuff they couldn't sell. The 1985 Legislature killed the Blue Law, save for the portion covering package liquor stores and auto dealers, effectively keeping them closed on Sundays." More laws in Texas:Alcohol-to-go becomes legal in Texas.

Can I buy liquor on Sunday in Texas?

Can you buy liquor on Sunday? Despite changes in Texas law on when beer and wine can be sold, liquor is still not allowed to be sold on Sunday at liquor stores.

Does specs ship out of state?

We ship accessories and gourmet food to all 50 states. Due to current laws that prohibit the shipment of alcohol, we can only ship alcohol where legal.

Where is Spec's Wine and Spirits located?

Spec's Wine, Spirits & Finer Foods. Spec's Wine, Spirits & Finer Foods, is a Texas family-owned liquor store chain, with headquarters in Midtown, Houston . Vicki Vaughn of the San Antonio Express-News said that Spec's is "known for its sprawling stores". It is the largest vendor of liquor in Greater Houston .

Who owns Spec's snacks?

In 1996 the Jacksons died, with one dying six months after the other. Lindy Rydman, the daughter of the Jacksons, and her husband John Rydman took ownership of the chain. After a customer suggested that Spec's carry snacks, Spec's began to offer delicatessen items. In 2002 the chain had 475 employees and 24 stores in Greater Houston.

What is the largest liquor store in the world?

Nicole Potenza-Denis of the Specialty Food Magazine said that the Downtown location, which the Rydman family calls the "mothership" store , is "reportedly the largest single wine and liquor store in the world.".

When did Spec's open in San Antonio?

In 2009 Spec's announced plans to open a store in Live Oak, giving the chain its first store in Greater San Antonio. After the City of Killeen legalized the sale of packaged liquor at the end of 2010, Spec's scheduled the opening of its Killeen store on August 5, 2011.

What is Spec's Charitable Foundation?

The Spec's Charitable Foundation, established in 1996, supports educational programs. Spec's holds an annual event, the Vintage Virtuoso dinner and wine tasting, which benefits the Houston Symphony.

When did Spec's expand?

The store had been expanded to its current size in the 2000s, as part of the Rydmans' celebration of the chain's 40th anniversary. As part of the expansion, Spec's purchased two pieces of land on both sides of the warehouse and pieces of land along the streets between the warehouse, adding one block of land. John Rydman said that it would have been easier for Spec's to build a new store and warehouse on another city block, rather than renovate the original store and warehouse, but "we are locked on retaining the original warehouse and we want to preserve the look and feel we currently have." The original wine storage facility was several blocks away; John Rydman said that it was not sufficiently efficient.

Where did the name Spec's come from?

"Spec" Jackson and Carolynn Jackson founded the store. "Spec" Jackson wanted to work for himself and make enough money so Carolynn would not have to work. The store's name originated from his nickname, "Spec's," referring to his eye spectacles.

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