Owning a retail liquor store isn’t all boozy drinks and ringing cash registers. Posted by 2 years ago. Some come in drunk. 17. 1. Does anyone know how I would go about finding out about new development planning, anchor tenants etc etc. It can be a dangerous business too, dealing with drunks on a daily basis. You should also use your predicted customer base to create sales and cost projections. Like any small business owner, a liquor store owner gets to wear many hats, Mulvihill said. Some start trouble. Is purchasing a liquor store a good investment? On any given day, Mulvihill might be meeting with liquor wholesalers, placing orders, receiving shipments, or working the cash register and chatting with customers. As a liquor store owner, you’ll be facing a few additional difficulties that other retail store business owners don’t have to deal with. This is obviously going to get worse in the more dangerous areas. Can't say exactly what they are. Close. Margins aren't bad. Ideally I'd like to own a liquor/ bar. Research the area’s average ethnicity, age, marital status, and income to help you decide, since these factors heavily influence drinking habits. Is purchasing a liquor store a good investment? I don't really drink myself, and I grew up in the restaurant industry (father owns a restaurant, mom owns a cake business.) I am looking into buying a liquor store. Benefits of owning a liquor store. The 3 Cons of Owning a Liquor Store. Our best sellers are Carlsberg beer and a local UK tonic wine called Buckfast (which is really popular among the drunks). Buying a liquor store - school me edit: everyone thank you so much, this is amazing, so much information and help in such a short amount of time, I'm astounded! Hi, I would like to establish a 5-10 year plan to own a liquor store. I dont own a liquor store, but i was in the process of opening one, it takes a huge amount of capital being tied up for a small return. Archived. There are long hours and hard work involved, as with any other retail opportunity. To open a liquor store, first buy a shop in a lucrative neighborhood with little to no competition. The customers can be so annoying. I haven't found much info of what to do right, just a lot of info on what not to do. is there a type of firm I can engage to research this when the time comes?