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In fact, aside from the distributor monopolies and the cumbersome government licensing process, it just might be a model worth considering for distribution of other commodities, like fresh food. You'd be surprised how many alcohol related startups are popping up all over the place. Try to find a pitch video where they talk about traction, or a blog post.3) Call a similar business.
Sure, I wish the store was a huge cash cow; you know, pay myself a nice salary every month and do whatever I want all day. And, it’s nice that the liquor store provides a comfortable income.
Sounds great in theory but as a member of the community I’m glad it’s not so easy because big corporate greed would quickly follow. That way the owner is highly unlikely to sell booze to minors – there’s too much at stake to break the law for a few extra bucks.
I found a competitor in a different country, and set up a call with them. They were more than willing to tell me anything.2) Look for new businesses in your niche that are currently pitching.
I just stopped at a new distillery in Ennis, Montana. If you can't get a competitor to tell you the info, then you could consider calling a similar business.
The wine, liquor and beer industry is a very large and well thriving industry in every parts of the world.
It is a profitable industry that is always opened for aspiring entrepreneurs to establish his/her business.I bought a liquor store last year…was sort of an accident. As I walked around with the owner, it became clear that the liquor business was being sold with the building. I remember thinking, before I ever contemplated the notion of liquor store ownership, retail liquor stores enjoy a tidy little monopoly. Seems reasonable to keep tabs on who’s moving liquor around the state. Every licensed distributor has a complete monopoly on every product they sell. If you read my About page you’ll see that I have a day job in a completely separate industry. I hired a manager to run the operation and she supervises a handful of employees who staff the store when she can’t be there. I liked the building, especially the location in the heart of Pueblo’s Mesa Junction neighborhood. With the building under contract I began due diligence. If you were thinking that a liquor store is like an advanced lemonade stand you’re completely underestimating the task. Communities need opportunities for individuals to learn how to run a complex business with full P&L responsibility. As a retail liquor store owner I am only allowed to purchase inventory from a licensed distributor. Owning and operating a small liquor store can provide a comfortable income and job security but it’s no cash cow.They might know the answer, or could put you in contact with someone who does.They could also have tips on how they calculated it.4) Find a mentor.EXECUTIVE SUMMARY Opening a wine store is the type of business that thrives and succeed in communities where its residents consume wine.The business is basically about selling pre-packaged alcoholic beverages to customers who are likely to take it somewhere else to consume.Find someone who started the same business in the past, and has since retired.Tell her what you're doing, and ask her how she calculated it. Revenue projections are almost completely worthless because they're projections.Figure out how much you'll make when you sell all of your inventory. In the initial stages, the store may not make a lot of money.