$20,000 to $50,000 annually
People also ask
How much do liquor store managers make?
The base salary for Liquor Store Manager ranges from $40,271 to $54,084 with the average base salary of $46,028. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $42,390 to $58,814 with the average total cash compensation of $49,383.
Is owning a liquor store profitable?
Unless you live in a state where all liquor sales are state-run, opening a liquor store is a popular option for a lot of ambitious entrepreneurs. But is owning a liquor store profitable? Liquor store owners can take a variety of different strategies when opening a new shop. Margins on wholesale alcohol are also reasonably high.
What are the profit margins for liquor stores?
Profit margins for liquor stores range based on a number of factors, including your overhead costs, inventory, suppliers, and clientele. Cheaper alcohol will have lower margins than high-end items. According to one in-depth study of liquor store operations, a well-run shop should net between 15% and 20%.
What are the barriers to owning a liquor store?
City, state, and federal regulations provide a substantial barrier of entry for new liquor store owners. Even existing owners who want to scale to new locations are forced to reapply for permits and licenses. Each state has its own Alcohol Control Board that regulates how liquor is distributed and sold.