Liquor Store POS Software Solutions
The Challenges and Rewards of Owning a Liquor Store
Liquor storeowners face several challenges that are not shared by other types of retailers. However, the rewards of owning a business that thrives in both good and bad economic times certainly offsets the added hurdles one must face to do so.
A $40 Billion Industry
The US beer, wine, and liquor store industry includes approximately 30,000 stores with combined annual revenues of about $40 billion. And with no prominent national chains to offer competition, the independent liquor storeowner will find a less crowded path to attracting new customers.
As with any business, however, the more time that is devoted to research and education, the more likely the result will become a stable, profitable venture.
Comcash offers several resources for entrepreneurs considering ownership of a liquor store, or those already in the process of building or purchasing this unique type of retail establishment.
Tips to Get You Started
Sometimes the number of details to address when starting any new business can be daunting. Opening a liquor store carries additional considerations that must also be fulfilled, or the owner may face a wide assortment of legal concerns.
Here is a brief overview of some of the most prominent issues. For additional information, other resources are listed below.
- Hire an Attorney
Since you will have to deal with federal, state, city and country rules and restrictions regarding the sale of alcohol and the location of your store, it's advisable to hire an attorney experienced in such matters.
- Safety First
A security system, particularly one that incorporates video surveillance, is an essential step to protecting your customers, employees and inventory.
- Customer Service is Key
What separates one liquor store from another? Besides price and product selection, customer service may be the most important factor. Be prepared to answer questions about the best wine choice for a special event, and invest in an efficient and reliable POS (point-of-sale) system to expedite purchases so customers can get in and get out on their schedule.
- What's In a Name?
Choose a name and logo for your business that is unique and easy to remember. If you can find a name that is also available as a website domain, that will help new and returning customers find you online.
- Get Organized
Even after legal and zoning issues have been resolved, running a liquor store business means keeping track of customer and product data and using that information to better serve your market. Many POS systems, such as the one provided by Comcash, also offer inventory management and back-office administration reports that can impact management decisions.
- Check out the Competition
What are liquor stores in your city doing to attract customers? More important, what are they not doing? By visiting your competition, you will not only find ideas that can be adapted for your store, you may discover an untapped niche that your business can serve.
Read our whitepaper on "The Liquor Store Owner's Strategies to Success"
Check out our FAQ page for answers to the questions many prospective liquor storeowners ask.
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