Industry Analysis & Industry Trends
Operators in the Beer, Wine and Liquor Stores industry remained in high spirits over the five years to 2016, despite having experienced virtually no revenue growth over the period. Due to rising consumer confidence, more consumers have purchased high-margin products such as craft beer, bolstering industry profitability. Furthermore, deregulation of the beer, wine and liquor market in many states has allowed more stores to enter the industry. This trend is a double-edged sword, however, as deregulation has also heightened competition by providing an opening for supermarkets, grocery stores and gas stations to enter the market. Nevertheless, revenue is expected to grow over the next five years as stores generate greater sales of high-margin products... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the Beer, Wine and Liquor Stores industry include stringent state laws, competition and high initial costs. Additionally, state law requires industry operators to apply for licenses to sell alcohol. In 18 states, the government is directly involved in the retail sale of liquor by operating through a small number of selected stores or through government-owned stores.
Every retail dealer is required to register their business with the Alcohol and Tobacco Tax and Trade Bureau. Retailers may not sell any alcohol to another retailer for resale until they obtain a basic permit as issued by the TTB... purchase to read more