Hey Fartstarver, there are typically a few main options for this - business loans through traditional banks, less traditional lending options like Kickstarter, or getting investors such as VC or through family and friends. Here are a few blogs on the topic: - koronapos.com/blog/alternative-financing-for-business-owners/ - koronapos.com/blog/how-to-qualify-for-a-small-business-loan/
Yup! It all depends on what you want to sell, but there are certainly liquors that are 1000 sq ft and smaller. Just be careful to plan your storage space accordingly.
@@Combase-usa ok thank you so much! I will definitely keep that in mind. I thought I’ve seen them that size before too but just wasn’t fully sure. I’m trying to open my business of a small gym in NY state and the existing commercial space I was looking at is 3000sq ft and has someone currently using it as a liquor store and their selling the business and leaving the lease in April and instead of just letting them leave Ive debated on offering to buy the liquor store business and just down size that business using the space of 3000sq ft to 1000 or less then the remaining space use to have my gym. I know interesting idea lol but I thought buying a existing liquor store business for additional income wouldn’t be a bad source of extra stream of income especially of a place already established. It’s right by a casino too so another plus lol but yeah If that makes sense lol thank you for your reply!
Hey Daniel, that really depends on how big your store is and what type of alcohol you plan to sell. A new liquor store will likely need 20-100k in inventory to get started.
@@Combase-usa Your entire video is about liquor stores at 15%-20% GROSS margins not net margins. That is foolish. But yeah of course some industries run at lower margins. Firearms for example average 15% but the average ring is 10X higher than most liquor stores. If you keep chiming in about 15% margins in the liquor industry you’ll have no credibility left.
