Opening a liquor store

July 19, 2006 6:32am CST
I live in Biloxi Mississippi and I am looking to invest some money I have saved up in a business. I am looking into perhaps a liquor store. I have about 30,000 that I can invest...I want to know of anybody out there that can give me some advice such as what things to take into consideration? what has worked for you all etc...thanks
1 response
@rherdey (966)
• United States
19 Jul 06
One of the things before investing I would look into is, in that area how many liquor stores are there? Is there a demand for another one? I would go visit the liquor stores see what they have and offer. Maybe talk to the owners or the clerk about the buiness. Question you want to think about, What kind of return are you looking for and how long for the investment? Usually a buiness takes 5 years to get on its feet. Are you going to be the person selling the product or have to hire some help and how will you pay the wages for a year? Do you have a building that would not take much work to put a store like that in and how long will it take you to open? Good luck and if we can help you with more questions or answers please feel free to post. Thank you.