Thinking about opening a liquor store? We tell you what you need to know to get started.
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Writing Tips for a Liquor Store Business Plan
We know - writing a business plan can be a daunting task for a new entrepreneur.
There is nothing magical about a first-rate liquor store business plan. Business plans are entrepreneurial roadmaps that identify destinations for growth and the routes your liquor store will take to reach them.
Although there are many uses for a business plan, it's most important function is to guide your decision making and strategic planning.
Before you begin, we recommend reviewing a few sample business plans.
Take a Look at Competitors
Prior to opening a liquor store within your community, it's a good idea to find out how many competitors you have. Use the link below to get a list of local competitors in your city. Just enter your city, state and zip code to get a list of liquor stores in your community.
Prior to opening your doors for business, be sure you fully understand the competitive landscape and where your new business will fit in.
Turning Competitors Into Collaborators
If you are seriously contemplating launching a liquor store, it's a wise move to have a conversation with someone who is in the business. Local competitors are not going to give you the time of day, mind you. What's in it for them?
On the other hand, an individual who has a liquor store in a different city will be much more likely to talk with you, given that you don't compete with them in their area. In fact, they are often very willing to share startup advice with you. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
How do you locate a liquor store entrepreneur that lives outside of your area?
Simple. Let your fingers do the walking by using the link below.
Purchasing a Liquor Store
So you're seriously considering buying a liquor store rather than starting one from scratch. Smart move. Yet the process of buying a liquor store introduces a new set of challenges.
There are no reliable shortcuts in buying a business. A business broker is the gateway to the buying process.
A good business broker serves a number of useful purposes. From locating available companies to helping seal the deal, your broker will have the experience and skills to help you successfully navigate the purchase process.
Franchising May Be a Better Way to Go
Succeeding in small business isn't easy. But it's even more difficult when your business is a startup.
As an alternative, we advise would-be new business owners to consider the possibility of franchising. Franchise opportunities for liquor stores are readily available. Proven franchises give startup business owners access to a turnkey business concept. Instead of reinventing wheels, you can focus on growing your company.
Not all franchises will be a good fit. But our liquor franchise directory (click the link below) has the information you need to know about the franchise opportunities that exist for liquor store startups.
These additional resources regarding getting started as an entrepreneur may be of interest to you.
If you sell to liquor stores, you're in the wrong place. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.