Biz Business

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According to Biz Business (DCLS) the average cost of owning a liquor store, and buying a current liquor store ranges from 500,000 USD to 750,000 USD. In my case I will be creating my own store that means the costing of creating a functional liquor store will cost around 750,000USD. Obviously an average person such as myself will not have this type of money laying around. In (DCLS) order to qualify for this type of loan a down payment of 25, 0000 USD will be required. To strategically accomplish my business plan I must thoroughly comprehend the monetary aspect of running a functional business. The cost of the property rent located in Washington D.C., will cost 5,000 USD a month. Employee wages will be 11.50 USD hourly, with 30 hours a week. …show more content…
Employee wages will be 11.50 USD hourly, with 30 hours a week. There will be three employees working in the store. To operate the store will cost 10,000 USD a month, additionally the annually cost will be 120,000 USD. The calculations are correct if I include water, and electricity give or take ill end up paying close to 130,000 years. According to Tax Rate operating my business in Washington, D.C., will cost me 10% tax rate. For instance if I sell an 18 pack bottle of Heineken for 19.99 USD adding a 10 percent tax will round 22.50 USD. Every income that’ll take 10 percent must be given to the city government.

Social media is playing an intricate role in every businesses overall marketing efforts now-a-days and liquor store marketing is no different. Create a fan base and this is not just for liquor store advertising to create brand recognition but also to create patrons out of my normal buyers. Social media will my marketing to tool to develop leads. By developing leads word of mouth will also help draw in customers. In that particular area I will hire promoters to pass out flyers around in a three mile radius to bring aware to the community that a new business will open up

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