If you are a business person and have been doing for long or if you are a newbie than this article is for you .
What step you need to take in order to run a successful liquor business .
Every states in usa has different rules to apply for liquor business but let me take an example -How to run successful business in new jersey .
These are not exact guidelines but after knowing these you can step your mind to start a liquor business anywhere in usa .
So,please follow steps to be a successful liquor business owner
1)first step you have to take is ,look for liquor license seller – A person who is ready to sell his new jersey liquor license which you can buy in range from $100,000-$400,000
Reason behind buying license is ABC (alcohol beverage control of new Jersey )now a day -Don’t issue new license
But may be in future they might start again to issue new license .
2 )once you locate a liquor license owner who could be a shop owner or just a guy want to sell his liquor license .
Your basic step here is talk with a liquor license person and negotiate with him about buying license from desire price you are looking for – once you convinced him about your desire price ,you won half the battle in liquor owning business.
3 )Apply for license transfer application in ABC New Jersey which very simple process and they have very nominal fees.
To transfer a license normally takes 5-6 month during this time ABC check your
credit history ,
criminal records if any
,your financial statement from last 3 years
And few other paper work if they want from you.
Once they are satisfied with paper work which you have provided then they will issue you transferred license under your business given name.
Once you acquired the license there are 2 steps to follow
1)look for liquor store to buy.
2)look for retail location to buy.
3)once you spot the location with
Nice parking lot for customer.
Having enough space to placed liquor inventory.
Customer traffic to buy liquor,wine,beers.
And most important good neighborhood location.
Along with liquors store look for new jersey lottery if a store has any .
Look for ATM LOCATION AROUND THAT AREA .
These could be a good source of income in future after you began your liquor business.
Ok,your are almost set now let’s repeat what you are having now
A transferred license
Location
Customer
ATM
Liquor beer and wine inventory
- Now the last step – set a date to count an inventory and call inventory guy who can help you out to count inventory for you with the help of computer and inventory scanner
These guys charge verify Nominal fees to count inventory for under $1000.
Once they count inventory which normally take 3-4 hours or depends how big the store is to count inventory .pay previous owner amount of money you owe him for license or inventory and any assets or liability he has to show you.
Yuppy!!!
Congratulations! !
You are now a liquor store owner .
Above points are just to inform you about basic guidelines to acquiring liquor business .
Please comment or advise below if i forget to mention with respect to basic step to obtain liquor business .