A liquor business can be lucrative if strategically located and well-managed. The state of Florida is known as a tourist destination and millions of tourists go there every year to see the beaches and party. Setting up a liquor store in this area assures you of constant foot traffic and a steady supply of people who are in need of wines and spirits.
If you want to get started, read on for these three important bits of advice:
1. Make Sure Your Licenses are Ready
You won’t be able to legally operate your store if you don’t have the required liquor license, says The Liquor License Guy. If you don’t want to be hassled by red tape and dozens of trips asking you to produce different requirements, better get in touch with a company that does this professionally. They’ll give you a complete list of the things you will need and you won’t have to line up to submit them.
2. Complete Your Inventory
Having a well-stocked inventory is key to brisk sales. You don’t have to carry the most expensive single-malt whiskies if this isn’t what your target audience is interested in. If the crowd prefers tequila, beer, wine, and vodka then make sure you have plenty of that and in different price points as well.
3. Location, Location
Finding the best place to set up your store is the top priority. It would not be helpful if you set up shop in an area where there are plenty of tourists such as near the beach or in a commercial area. Choose one where there are people 24 hours since this increases your chances of selling more. Also, if you can find a spot near a police station, that would also be to your advantage.
Putting up your own liquor business also entails good marketing skills. Make sure you know how to excite the crowd and give discounts to boost sales.