Looking into retail Liquor store

[Kcwhippet]

Your licensing and other such regulatory questions are best answered by your local authorities. I work at a shop which sells wines, beers and spirits. The sales area of the shop is about 5000 square feet. The total costs to fix up the shop and stock the initial inventory came to about $180,000. Our sales run about $40,000 per week. One thing you have to do is create a business plan and that will require some research on your part - we can't help you with that here. You have to research your local market to determine the demographics and what products are selling. When you've figured out what products you'll need to fill the shop, you have to determine what margins you'll need to make to keep the shop in business (utilities, services, insurance, payroll, your wages, continuing inventory, etc.). It certainly helps if you have some experience in the business or you can rely on the expertise of someone locally who has that experience. There's quite a bit more to do than just having the desire to get into the business. Foodie can probably vouch for that.

[This message has been edited by Kcwhippet (edited 02-13-2004).]