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POS for liquor store

The POS for liquor store helps in managing the business.

Can't disclose

My husband and I own a liquor store in Bayside, Melbourne Australia. And yes, we keep a very close eye on our 4 employees. Actually I have needed to baby-sit the Manager just to make sure he was ording the right product (he would purchase for himself!!) Also we use ALM (Australian Liquor Marketers for our product...what a joke they are. I would hardly call them "wholesale". They are more expensive than retail. So hubby and I have to go to Costco, Dan Murphys, BWS, Vintage cellars to get our stock, bring it back to our shop and put a mark-up on it. There is no such thing as Wholesale here in Australia!!! Our profit margin had to be raised to 29% just to survive. Our Mananger had our stock at only 18-22% and stock just flew out the door. So yes...got to watch staff and shop everywhere for product. No chance of going on holidays. !! Knowing what we know now, we would never have bought it. I hope this helps somebody out there. Don't own a Chain or Franchise, be independant if you are going to own a liquor store and employee trusted Family as mentioned above.

Fred

You definitely understand the work involved in running a liquor store. It seems that everyone wants to own a liquor store or a restaurant, but no one wants to do the hard work that is involved with making the business a success. It always amazes me that people think business is so simple and anyone can just start off and be successful.

Pat

Is anyone using the muliples of the gross sales to value the business? All the listings show gross Sales and Maybe Cash Flows or maybe net profits, so what are they advertising the gross Sales as a start to price for the business?

Jim McMillen

If interested in a pos system when starting the liquor store then check out http://Rapidpos.com for more information as you can never have too much.

Marc

It sounds very similar to the video games and movie industries in terms of how well they're doing during a recession. Both of those areas are seeing a lot of growth as well, probably for the same reason liquor businesses are doing well; people want to forget their troubles and the economic position we're in.

Richard

GREAT COMMENTS MARK - THANK YOU. IN FACT, WE COVER OFF POS SYSTEMS, INVENTORY, THEFT ISSUES AND ALL OTHER CONSIDERATIONS WHEN BUYING A LIQUOR STORE IN OUR GUIDE 'HOW TO BUY A GOOD LIQUOR STORE AT A GREAT PRICE' - CHECK IT OUT AT: www.howtobuyaliquorstore.com

markp

While there's many aspects of liquor stores, you touched on one thing without mentioning how to control it. Inventory is probably one of the most important things to control in the liquor store industry.

Both point of sale, and surveillance are, in our belief structure, are required to run a store that doesn't sap your time and control your life.

While i would recommend CCS POS by www.cafecartel.com, there are many systems that a owner can look at.
*Inventory Lists to Help the New Store Open
*Age Verification by Driver's License
*In House Inventor Control and Reconciliation
*Recipes Included for Lookup by Cashiers
*Label & Barcode Printing

Surveillance, I would say check out www.sintelsystems.com, is equally important. Having an adequate number of cameras. Camera's that have the right lumins scope, the right coverage. And the right playback system with DVR is so helpful to prevent theft.

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