Yearly Income Liquor Store Owner

At 1 7 a store that has total sales of 500 000 realizes an annual profit of 8 500.

Yearly income liquor store owner. Most owners salaries fall between 20 000 and 50 000 annually. Location exerts a significant influence on the earnings of a liquor store owner. I m pretty sure that i am the only quora contributor who has actually owned a liquor store. There are too many unknown variables to this question.

Liquor stores are not very profitable owners take home on average only 1 7 of total sales. There used to be back when licenses were severely restrict. Owning a retail liquor store isn t all boozy drinks and ringing cash registers. For instance liquor store stores in alabama had profits between 47 000 and 70 000 in 2011.

As a liquor store owner you ll be facing a few additional difficulties that other retail store business owners don t have to deal with. At the mid range stores in states as diverse as california connecticut and colorado saw sales of around 100 000 to 150 000 that same year. 5 pros of owning a liquor store in the united states. Owners who are able to run their own business take home an average salary of 21 000 51 000 depending upon size location and sales.

This is because nearly all of the money earned by sales is reinvested back into stocking the shelves and is spent on employee wages building costs and licenses and fees. The liquor license the cost of the inventory the rent of the store. There is no money in the business. Is 39917 a month.

What about how much any employees get paid. How much are yearly taxes sales tax. There are long hours and hard work involved as with any other retail opportunity.