Hi Ya'll!
I am seriously thinking about opening a nice and classy Liquor/Wine store in the Gulfport/Lyman area, similar to Pooh's liquor store on Hwy 49 for those of you familiar with it. I have been wanting to have my own business for years now, and it seems that Liquor stores do better than say opening a Subway shop. However the only thing I know about opening a liquor store in MS is that you have to buy the liquor from the state and just choose from whatever they have in inventory.
I really need input from anybody here who has knowledge/experience about doing this, such as:
What permits, licenses do you need and where to get them?
How profitable are liquor stores?
Can you live off the profits of a liquor store if you have a good sized one like Pooh's on Hwy 49 or not really?
What's the average markup for the liquor?
How hard is it to get a bank loan for opening this type of business?
I would really appreciate this info or any other info you have about doing this, because due to this economy being so bad, I really can't afford to mess up here..lol. Feel free to private message me any info too.
Thanks ya'll!