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Message
re: Liquor store- good investment?
Posted on 7/6/23 at 9:27 pm to Rendevoustavern
Posted on 7/6/23 at 9:27 pm to Rendevoustavern
That is what threw me off! They only have 4 employees.
I don't know where in the world the revenue is going?
I don't know where in the world the revenue is going?
2
Posted on 7/6/23 at 10:11 pm to Random MsState Fan
quote:
don't know where in the world the revenue is going?
COGS probably
In NJ seems hard for smaller places to compete on price due to rips
You will get liquor license? Also in NJ debt follows that license
This post was edited on 7/6/23 at 10:13 pm
Posted on 7/7/23 at 9:48 am to Random MsState Fan
I’d think their margin is somewhere between 18-25%. I know 24 packs are almost 50% markup. That said, on 900k rev you’re looking at 700-750k in COGS. I’d be interested in understanding more about the SG&A. Could be a glaring issue or cost that is driving the earnings down that is easily fixable.
If you have more details you could share without breaching a NDA, we can give more advice but based on this alone - no way I’d jump on that.
If you have more details you could share without breaching a NDA, we can give more advice but based on this alone - no way I’d jump on that.
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