Starting a Liquor Store

One reason I don't drink, is that I want to know when I am having a good time.- Lady Astor

For some, this might not be the case! They know they are having a good time when they get drunk. Getting sloshed and drunk apart, with the world full of people who like to drink, I wonder how amazing it must be for those who prepare and sell liquor. Some businesses are such that they are never affected by season or anything! Liquor business never slackens down and this business is never out of customers! On a serious note, though, starting a liquor store can be a fantastic business opportunity. Tempted to know more? Then hang in there!

Opening a Liquor Store

Well, owning a liquor store is not as easy as sipping a few pegs. A lot of things go into setting up a liquor store.

Reading and Research
Read and research about this business, get the intricacies and understand the requirements of the business. The most important part of the research is to check out the local and federal laws regarding setting up a liquor store. If possible ask a liquor store owner about the tricks of the trade and how he set everything up, before starting a business.

Where's the Party Tonight?
All through with the rule book? Good. Now you will obviously need a shop space for the shop. Either you yourself can search a building zoned for liquor sales with variable traffic or if you want to spare yourself that task, get in touch with a commercial real estate agent close by and tell him your requirements. An important thing to remember here is that the agent will need to be told by you that the property will have to be held by him for a minimum of 90 days. These 90 days will give you a breather to get all the requisite licenses and permits and most importantly the business plan. The agent may ask you for money for doing this. These are small things you have to take care of while starting your own small business.

Intoxicating Papers, Again
Well, you cannot escape the legalities while starting a business, right? So the city or county office is the place to be to apply and obtain for a permit or license for the same. Sole proprietorship will be an easier option to deal with while filling in the details of the business. Applying for your state's Department of Revenue tax ID number is next on the cards for starting your own liquor store.

The Drinking Plans
A liquor store business plan is very important, whether you want to start a small liquor store or a big one. Marketing section will be perfect if it focuses on ways for getting as much as customers possible. The management section of the business plan has to be done in a manner that it reflects what you are doing everyday towards starting your store. Then you will also have to deal with the financial aspect of this business.

Time for the Real Stuff
After you are done with all the permits and the like, it is time to approach the liquor manufacturers and buy liquor, to actually and finally kick start the business. Choose the types of liquor you want to stock wisely, and do a lot of research on them.

All you have to do now is to make sure that all the permits and licenses are in order. Avoid opening the store without being absolutely sure of that. Also, get a video surveillance system set up in the shop.

Now the only consideration left is how much does it cost to start a liquor store. Well, that is a question which is a little tough to answer. Just to give you an idea, in some states, the licenses itself are supposed to be in a 6 figure amount. Add to the cost of the liquor and the shop expenditures, you have a hefty amount to go in as an answer for how much to start a liquor store! But that will come much later! Experts say that focusing on concentrating on the business plan, is what tops the charts! I sign off here! Cheers!