What are the exact steps in opening a liquor store?

heather22

I was wondering if anyone had any information or suggestions on opening and successfully operating a liquor store in Tennessee. Currently, I am only at the idea stage. Please help me obtain a more thorough understanding of becoming an entrepreneur.

robertj

My first step would be to find out what is required (licenses, permits, etc) to operate this type of business is Tennessee. Contact the State liquor authority and local governments to find this info.
 
Then I would do a short "feasibility" analysis.
   List (on paper or spreadsheet) the major costs involved (rent, inventory, employees, etc) to:
         Start up
         operate monthly
 
This should help you determine the amount of revenue you will need to generate and the amount of startup capital that will be required.
 
With this info - you can begin to plan how to acquire this capital.
 
robertj11/16/2008 12:26 PM

RetiredMember5

You should reference the Tennessee Alcoholic Beverage Commission at:  http://www.tennessee.gov/abc/ to determine which permits and licenses that you may need.  Such Commission is responsible for the enforcement and regulation of all phases of the alcoholic beverage industry in the State of Tennessee.
 
You may also want to reference Innoventum, Inc.`s free 60-page interactive step-by-step guide on how to start a business in today`s web 2.0 world.   Hope this helps.
 

infinique

I would seriously recommend that anyone who wants to start a business should know the insides of the business before venturing out. You might want to work for a competitor to learn the ropes before starting out.