Raise a glass: Large-scale operators will continue to gain market share despite external competition

The Beer, Wine and Liquor Store industry in Florida includes stores that are licensed to sell alcoholic beverages for off-premise consumption. Florida has relatively strict regulation when it comes to the distribution of alcohol. It has one of the highest state excise taxes on wine and a more modest excise tax on beer and liquor. Since the state enables several different types of businesses to sell beer, wine and liquor, the industry is much more fragmented than other states. Grocery stores, gas stations and convenience stores also compete with beer, wine and liquor stores, making the industry hypercompetitive and keeping overall revenue growth slow. Over the five years to 2022, the industry is expected to grow as rising incomes spur more spending on discretionary goods such as alcohol...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
0.3%
Forecast Growth 17-22
Profit
Employment
8,169
Businesses
1,967

Industry Threats & Opportunities

  • Large-scale operators have carved out greater market share as small independent operators have been forced to close
  • Changing consumer taste to premium products has contributed to higher revenue
  • Per capita disposable income in Florida is expected to post strong growth
  • Industry Report - Industry Analysis Chapter

    The Beer, Wine and Liquor Stores industry in Florida has grown over the five years to 2017 at an estimated annualized rate of 0.3% to $2.3 billion. Demand has grown as per capita income in Florida has increased, the industry experiences many external and growing threats from grocery stores, gas stations, and convenience stores. Therefore, growth has been slow and profit margins have been squeezed, particularly as labor costs have increased. Additionally, per capita consumption of alcohol in Florida has decreased an annualized 1.9% over the five years to 2017, mitigating growth. Overall, industry growth is expected to be slower than the national industry’s projected growth of an annualized 1.7%. The...purchase to read more.

    Additional Insights for the Beer, Wine & Liquor Stores in Florida Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Beer, Wine & Liquor Stores in Florida Industry are

  • Close monitoring of competition
  • Use of high volume/low margin strategy
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Per Capita Alcohol Consumption in Florida and Per capita disposable income in Florida in the Beer, Wine & Liquor Stores in Florida industry impact industry performance..

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    What's in this report

    What is the Beer, Wine & Liquor Stores in Florida Industry?

    Operators in this industry include retail stores specifically licensed to sell alcoholic beverages for off-premises consumption. This industry excludes wholesale, grocery, convenience and gas station stores.

    Industry Products
  • Liquor
  • Wine
  • Beer
  • Industry Activities
  • Beer retailing
  • Wine retailing
  • Spirits retailing
  • Cider, mead and other alcoholic beverage retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per Capita Alcohol Consumption in Florida
  • Per capita disposable income in Florida
  • Total recreation expenditure
  • Excise tax on beer
  • Healthy eating index

  • Current Performance
  • Rising wages
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising wages
  • Industry landscape
  • Table: Beer, Wine & Liquor Stores in Florida Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Beer, Wine & Liquor Stores in Florida Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beer Wholesaling
  • Breweries
  • Wine & Spirits Wholesaling
  • Wineries

  • Products & Services
  • Liquor
  • Wine
  • Beer
  • Chart: Beer, Wine & Liquor Stores in Florida Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 21 to 44
  • Consumers aged 45 to 64
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Beer, Wine & Liquor Stores in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Rent and utilities
  • Wages
  • Chart: Cost Structure Benchmarking – Sector vs Beer, Wine & Liquor Stores in Florida

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Beer, Wine & Liquor Stores in Florida Industry

  • ABC Fine Wine & Spirits, Knightly Spirits, Mega Wine & Spirits, Total Wine and More,
  • Table: ABC Fine Wine & Spirits - financial performance
  • Table: Knightly Spirits - financial performance
  • Table: Mega Wine & Spirits - financial performance
  • Table: Total Wine and More - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Beer, Wine & Liquor Stores in Florida Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Beer, Wine & Liquor Stores in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Expenditure on Alcohol (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Alcoholic Beverages
  • A beverage category that includes beer, wine and liquors.
  • Mom-And-Pop Store
  • A business that is owned and operated in a single location with few or no employees other than the owner or owners.
  • Off-Premises
  • The purchase of liquor in packaged form (bottles, cans or casks) for consumption at home or anywhere other than the location of purchase.
  • On-Premises
  • The purchase of liquor for immediate consumption.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Beer, Wine & Liquor Stores in Florida provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Beer, Wine & Liquor Stores in Florida:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Beer, Wine & Liquor Stores in Florida market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Beer, Wine & Liquor Stores in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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