How Much For A Liquor Store

They now claim to be the largest independent liquor group in the country employing 3 000 people.

How much for a liquor store. For mulvihill running a liquor store is a full time hands on gig. Sign up for e news. The first store opened in johannesburg in 1994 and the group has since grown to include close to 250 outlets across the country. Community answer you should expect that opening a liquor store brand new or through a transfer of ownership may cost 100 000 depending on location store success and the most expensive parts of any liquor store the inventory and equipment.

Check gift card balance. According to a recent forbes study liquor stores are among the top five least profitable businesses taking home a profit of 1 7. Decide how much time you want to devote to a store. How much profit can a liquor store make.

A full liquor store inventory may cost up to 300 000. In reality you ll likely need far more capital. Opening a liquor store is quite unlike starting any other retail business because of the specific legal requirements and regulations the owner has to comply with. How much money will i need to open a liquor store.

Is the liquor store business right for you. For instance liquor store stores in alabama had profits between 47 000 and 70 000 in 2011. At the mid range stores in states as diverse as california connecticut and colorado saw sales of around 100 000 to 150 000 that same year. Owners who are able to run their own business take home an average salary of 21 000 51 000 depending upon size location and sales.

The cost for hiring a business consultant including helping your write a business plan 2 500. Bevmax the wine and liquor superstore requires that retailers have a minimum of 150 000 in liquid capital to become part of the bevmax franchise. Again the cost of inventory will vary widely depending on the type of alcohol you plan to sell and the size of stock you want to hold. A single case of high end wine can easily cost 1 000 but you could stock a small beer store for a few thousand dollars.

Marketing promotion expenses for the grand opening of the liquor store in the amount of 3 500 and as well as flyer printing 2 000 flyers at 0 04 per copy for the total amount of 3 580. Theoretically you can open a liquor store for as little as 20 000 depending on your location rent payroll inventory license cost and legal fees. The exact answer to the above. By staying involved you ensure employees remain compliant by checking ids and not selling to anyone underage.