State laws often require owners buy items from licensed vendors, and might have different restrictions on purchases of beer or wine versus hard liquor.
Small-business owners familiar with state purchasing guidelines can avoid potential delays or mistakes with product purchases.
Opening a liquor store requires a solid business plan and well-stocked shelves.
Specialty shops face a lower turnover rate than larger stores, but for each, properly stocking store inventory requires knowledge of the product, the market and the type of customer the store wants to attract.
Wholesale alcohol prices fluctuate widely based on the type of alcohol, quality, availability and quantity bought.
Despite the wide variety and cost of products available, small liquor store start-ups can properly stock inventory by making purchases based on the business plan, mission statement and budget.
By using a business plan, start-up liquor stores can make smart inventory purchases based on their plan's market research, mission, sales goals and budget.
Stores that sell alcohol face start-up costs to get and retain a license, so inventory costs should be kept as closely in line with the budget as possible.
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