$20,000 to $50,000 annually
People also ask
How profitable is it to own a liquor store?
The profit margin in the liquor business is typically quite low. On average, owners only take home about 1.7% of total sales. Stock, wages, building costs, licenses and fees tend to eat up the rest of the profit margin. However, running a store can be fulfilling and still profitable.
How much do liquor store retail jobs pay?
Average LIQUOR STORE hourly pay ranges from approximately $7.25 per hour for Customer Service Representative to $17.32 per hour for Line Cook/Prep Cook. The average LIQUOR STORE salary ranges from approximately $20,000 per year for Cashier to $69,296 per year for General Manager.
What is the profit margin of a liquor store?
Liquor stores can have an overall profit margin of between 20% and 30% annually. What Is The Profit Margin On Alcohol? As of 2019, the gross profit margin for alcohol suppliers was about 53.51%, the (EBITDA) margin came in at 19.37%, and the net profit margin was 15.28%. What Is The Average Markup In A Liquor Store?
How do liquor stores make money on markup?
Liquor Store Markups In order to make money, liquor stores charge a markup on the items they sell: an additional charge over the cost at which they received the item from a supplier or distributor. In some states, this markup is fixed by the state government and is the same throughout the state; in other states, markup can vary.