Any posters have experience running/managing/owning a liquor store?
Believe it or not, my current town is just now about to be able to sell liquor. Governor still has to sign the bill and a few other formalities but it looks like it will all happen in the next 3 to 4 months.
Is there legitimate money to be made opening a liquor store. Town is approximately 18,000 in population and the county as a whole is probably 35,000. Another rule is that liquor stores cannot sell beer so revenue would be strictly from wine and liquor.
Knowing the town, my guess is the majority of sales would be more along the lines of Evan Williams and Jim beam as opposed to makers mark or the equivalent (and smirnoff as opposed to grey goose) and below $20 wines.
I think it might make sense to become a distributor as well and buy in bulk to sell to the local restaurants and bars as a more stable source of revenue but I will obviously have to look further into that.
Hiring trustworthy/dependable people seems like it might be a difficult endeavor. Especially considering I would want to continue with my current profession also.
Was just hoping for some insight and stories from any current posters in this line of work.
Believe it or not, my current town is just now about to be able to sell liquor. Governor still has to sign the bill and a few other formalities but it looks like it will all happen in the next 3 to 4 months.
Is there legitimate money to be made opening a liquor store. Town is approximately 18,000 in population and the county as a whole is probably 35,000. Another rule is that liquor stores cannot sell beer so revenue would be strictly from wine and liquor.
Knowing the town, my guess is the majority of sales would be more along the lines of Evan Williams and Jim beam as opposed to makers mark or the equivalent (and smirnoff as opposed to grey goose) and below $20 wines.
I think it might make sense to become a distributor as well and buy in bulk to sell to the local restaurants and bars as a more stable source of revenue but I will obviously have to look further into that.
Hiring trustworthy/dependable people seems like it might be a difficult endeavor. Especially considering I would want to continue with my current profession also.
Was just hoping for some insight and stories from any current posters in this line of work.