1 Year Later is the Liquor Store Making Money?

  Рет қаралды 15,173

InvestFourMore Real Estate

InvestFourMore Real Estate

Жыл бұрын

I bought this property that has a liquor store, mini-mart, and 3 apartments a year ago! Is it making money and what have some of the challenges been running it?
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Пікірлер: 145
@kevindahlberg7753
@kevindahlberg7753 Жыл бұрын
Call me old fashioned, if the books balance, I would consider it a win. You are a job creator, providing housing and helping the local community with the store. You may not have started out as a philanthropist, but you earned the title. You have done a wonderful thing with this property.
@shelleyzaragoza2195
@shelleyzaragoza2195 Жыл бұрын
Painting the store to remove the trees is easier to find the store is not hidden behind the trees. Build new planter boxes that have benches to tables for customers places to hang outside.
@brendanleenders61
@brendanleenders61
Ive been in the liquor game for over 30 years ... 1. remove the tree completely. 2. repaint external bricks and maybe with signage (not branded signs unless they are paying you) 3. minimise the stock holding you have there - for a store doing avg $16k thats a lot of stock there tying up your cashflow. 4. Coolroom (cooler) you could expand (and clean) using same compressor allowing all beer to be stored. 5. if not in budget, get those open cases off the floor and place a shelf above the shelves - free up more space. 6. Use as much vertical space as possible - I have a motto on shelves, HIGH (top near ceiling - super premium) HEAD (high ticket items, low turnover) EYE (your high profit lines) HIP (high turnover - less room to fall off) LOW (low margin, slow moving)
@glenbo2464
@glenbo2464 Жыл бұрын
Yes , trees should go but one concern would be people falling off of that high sidewalk. Maybe put more planters all the way across for safety ?
@kenmows4u338
@kenmows4u338 Жыл бұрын
Keep the tree, it add's personality, brings nature closer and adds shade and personality, store looks great.
@jgg204
@jgg204 Жыл бұрын
Hardest part of any business, is always the people (employees). As if the business isn't hard enough....personnel problems make it 10x worse
@pattymorado6392
@pattymorado6392 Жыл бұрын
I use to live in Pierce I've been in this store about 10 times. It looks 100% better more selection and more bright!
@austinsmith3380
@austinsmith3380 Жыл бұрын
I wouldn’t underestimate the possible seasonality of the business. Once you get some more time under your belt, you’ll have a better idea obviously.
@sapphireblue222
@sapphireblue222 Жыл бұрын
Yes, cut down the trees, paint the building, and get a large lighted sign.
@AlexMendoza69
@AlexMendoza69 Жыл бұрын
Love that your transparent about owning a liquor store. Ive been collecting tons of data the past 2 yesrs and searching for the right store / motivated seller. Im willing to sacrifice net for safety, the most profitable stores are always in the hood but i found a happy medium based on location. Knowing your client base is everything
@shawnfromportland
@shawnfromportland Жыл бұрын
cmon man, the tree is awesome, value add for the community. work with it
@j0epark1
@j0epark1
My brother and I have a liquor store and just like anything else, location is key. We are in the heart of Baltimore and we are walking distance for a lot of people. It's definitely an inventory heavy business, but to get sales up, you're going to have to run promotions better than your closest competition and maybe starting a delivery service if your state/county allows it. You have to figure out if you're going to be a high volume/low margin business, or a low-mid volume/high margin business.
@autumnsky9807
@autumnsky9807 Жыл бұрын
Giant sign sounds good and thinning out the tree maybe. Cameras.
@samanthab1923
@samanthab1923 Жыл бұрын
I like the trees with twinkle lights in them year round. Just clean them up. No white wires. Planters need tending as well. Like the idea of big signage across the top of the bldg. What’s the name of the store anyway? Deli is a great idea. Like the laundromat idea too.
@alangrund5031
@alangrund5031 Жыл бұрын
Put up a sign. A big one that says liquor. Will do wonders for business. Right now hard to see what is in the building.
@buffalostate1
@buffalostate1 Жыл бұрын
like the vids , man. keep them coming. I would remove trees and white planter boxes . Maybe go with one or two bigger planters. Maybe try and move ice machine to side of building. Just declutter the front and make more room to walk. a good power wash on the front concrete and steps . my 2 cents.
@b_lumenkraft
@b_lumenkraft Жыл бұрын
I would think trimming the trees should be fine. Trees make places nicer. People come to nice places. Maybe put some benches out so people can eat their donuts/enjoy their coffee there in summer? This will show there is a shop just as fine.
@prettyuglymonster
@prettyuglymonster Жыл бұрын
I hate stores and restaurants with outdoor seating in full sun. I'd say keep the trees, but trim them. It would look too stark without them, unless you plan more planters in replacement.
@TL-wy1nk
@TL-wy1nk Жыл бұрын
You could trim the tree so that it has fewer spread branches. This would allow you to keep it. I like the tree.
@syerega
@syerega Жыл бұрын
What about some box hedges? They would keep people safe from falling, you could see the building and they are easy to maintain and for Christmas you can put the net lights on them.
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