Liquor Store Business Plan

A liquor store business plan is a plan to start and/or grow your liquor store business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your liquor store business plan using our Liquor Store Business Plan Template here.

There are liquor stores that sell all types of alcohol and there are others that specialize in a specific offering such as craft beers, wine or spirits.

The primary source of revenue for liquor store businesses is its liquor sales. 

The key expenses for a liquor store are the cost of goods sold, rent, and salaries. Marketing expenses also contribute to the expenses of the business.

Liquor store businesses can be financed through various lending facilities. Some options are business lines of credit, merchant cash advances or business term loans. Other forms of funding for liquor stores are angel investors, friends and family loans and credit card financing.

Read more about how to get funding: Seeking Funding from Angel Investors vs Venture Capitalists.

Starting a liquor store business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Liquor Store Business Plan - The first step in starting a business is to create a detailed liquor store business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your liquor store business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your liquor store business is in compliance with local laws.

3. Register Your Liquor Store Business - Once you have chosen a legal structure, the next step is to register your liquor store business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 

4. Identify Financing Options - It’s likely that you’ll need some capital to start your liquor store business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary Liquor Store Equipment & Supplies - In order to start your liquor store business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your liquor store business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful liquor store business:

• How to Open a Liquor Store Business