They might know the answer, or could put you in contact with someone who does.
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.
And, your take-home pay will vary with some years better than others depending on volume.
But, so long as you have customers who walk in the door, no one can really take away your job.
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.
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.
Mostly, it’s nice that a big company can’t swoop in and take over every liquor store in sight.
In the name of low prices, they’d shut most or all of the small stores down and open newly constructed mega-locations on the outskirts of town where land is cheap and profit maximized, laying to waste neighborhood small markets within walking distance…of like what’s happened with the grocery industry.
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.