Is 2023 the Best Time to open a Liquor Store (And is it Profitable?)

Рет қаралды 13,787

Жыл бұрын

Today I want to tell you the reason why 2023 is a great time to open a Liquor Store! Cheers!!
What other topics should I talk about on my next video? Let me know in the comments below ↓
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Follow me on IG: / heyitzroy
Shop my store here: www.liquorplus.net

Пікірлер: 45

@user-tf8jg8xi6n 7 ай бұрын

Wish u all the success! Really cool dude that’s passionate with his business😊

@RoySoCrazy 7 ай бұрын

Thank you so much!

@chrisprak88 Жыл бұрын

Hello Roy, great insight on the industry, with that being said could you please break down a video or comment concerning the logistist of your POS sytem and PRO and CONS, how does it help from theif empoylyee prevention along with supply orders and pre- orders on the futures that help stream line the inventory and sales tax purpose. When you recieve your items from distributors , does your POS automatically update with the recent products that arrived in? ALSO you mention you made your own app and website could you do a video on that processs of steps. Thanks in advance.

@markwallace7944 Жыл бұрын

🏴󠁧󠁢󠁳󠁣󠁴󠁿👏 great insight into your business mate, all the best for 2023 👏🏴󠁧󠁢󠁳󠁣󠁴󠁿

@RoySoCrazy Жыл бұрын

I appreciate that buddy!! Cheers!!

@tylerdixson1854 Жыл бұрын

roy the man!

@RoySoCrazy Жыл бұрын

appreciate that big dog!!

@normalbehavior8826 6 ай бұрын

It's 2024. I'm currently working on opening up a liquor store, about to watch all your videos

@RoySoCrazy 6 ай бұрын

Best of Luck bro.

@normalbehavior8826 6 ай бұрын

@RoySoCrazy once I get closer, I'll be hitting up your IG account. Bombarding you with ungodly amounts of questions.

@DeanM915 Жыл бұрын

Good Luck man! Just found your channel! If I am ever in the San Antonio area I will look you up? Looking forward to checking out some more videos! Also I am a huge cigar lover... I will have to try and find some of those BT Cigars!

@RoySoCrazy Жыл бұрын

Thank you for watching! You will enjoy the BT cigars!

@blakep8914 Жыл бұрын

brodie im suppose to move to Houston and i wanted to open shop. you changed my mind and im def gunna get this started. thanks for the insight g

@RoySoCrazy Жыл бұрын

That's fire let me know we you get it open I want to see it. Keep Going Fam.

@blakep8914 Жыл бұрын

@@RoySoCrazy bet that up brodie I got you!

@na-uv3ii 7 ай бұрын

What’s the best way to get wholesale alcohol at a good price?

@kevinholley2293 Жыл бұрын

Got my pkg in the mail today , thanks it was awesome

@RoySoCrazy Жыл бұрын

Hey Kevin, that's nice enjoy my friend!! Cheers!!

@frankmastromauro5630 Жыл бұрын

Great video - continued success

@RoySoCrazy Жыл бұрын

Thank you for watching! Cheers!!

@treeoolife7101 Жыл бұрын

💪💯

@victorc8804 Жыл бұрын

Im from southern California tons of liquor stores here

@alexandervalladares2501 6 ай бұрын

Great Video Roy !!! Any stores for sale ?

@RoySoCrazy 6 ай бұрын

Thank you for watching. I don't have any stores on the market at the moment.

@OGbrick420 Жыл бұрын

be careful with the online shipping, im sure you're aware of justins house of bourbon and the controversy behind it. it appears the online front is under attack yet again. stay safe bro.

@shilohmaverick898 Жыл бұрын

Old comment, but they didn't get in trouble for simply selling online. They were probably selling fake bottles, they were also avoiding state taxes and selling where they weren't allowed too.

@benjaminaydin2461 Жыл бұрын

I’m not sure if my question makes sense but I’m gonna ask anyway. When you say you have a 20-25% profit margin does that mean you keep 20-25% of your total revenue and it goes to your pocket. Or do you have to use that 20-25% to pay rent, energy bills etc. and then the left over after all that is what u actually pocket

@josho4657 11 ай бұрын

I'm not an expert in any of this stuff but the keyword is profit meaning everything besides profits goes to restocking

@tylerdaniel6112 11 ай бұрын

Gross revenue=total sales. Gross profit=total sales minus cost of goods. From gross profit then subtract rent/mortgage, insurances, taxes, licensure, employees, supplies, utilities and bills, and new inventory purchases. What’s left over is take home. When he says 20% margins he means the store makes 20% more than it pays for inventory. If an item is $100 at cost, he’ll charge $120 for example, bringing him 20%. Now usually higher end wines are at 30% and spirits more like 15-20% and beer is usually at the lowest margin because it moves in higher volume so you compensate for the lower margin on beer by quantity sold. In his case it averages out to 20% overall margins on sales. So if his store does $1,000,000 in sales at 20% margin that’s $200,000 gross profit (because buying the alcohol to be sold cost him $800,000 in this example) then subtract operating expenses and revolving inventory, take home maybe $60,000-90,000. Hope that helps.