Hi folks.
Anyone can share with me some details regarding income and expenditure of a bottle shop and what is their average weekly, monthly and annual profit margin? It would be great to know how much impact a location can have on this type of business?
Sorry if my questions are too naive or dumb.
Thanks
vchar
I can help, chuck me a PM.
I thought uni was over for the year? Must a late assignment. Hope this helps.
https://www.ato.gov.au/Business/Small-business-benchmarks/In…
Nah, I graduated and have been employed for several years. Just have some interest in this sort of business and keen to dig into deeper and see if it fits me well. Thanks for the link though.
All i know is that the true profit goes directly to the government as tax.
Probably fair, if the true cost of alcohol abuse is carried by the government too.
The amount of abuse compared to the tax is quite disproportionate.
I dunno. If it leads to early death then it costs the nation productivity and missed taxes too.
Bottle-o just opened in my small suburb where a 7-11 used to be, OP lives in same town imo. Walked past today and thought “will this place survive?”
6-pack for $20, and a slab is $50. That's a $7.50 bonus on every sucker not buying beverages in bulk.
I too would like a 60% markup for opening a box!
Some people are very devoted drinkers and will regularly buy until they die. 5% of a purchase made 52 times a year is more than 30% of a purchase made twice a year.
yeah 999% profit (during Dan Andrew registion day).
It's almost entirely location.
Not much on a case, but more money in 6 packs and singles. Best profit is long necks.
It also depends on what group they belong to.
More money in wine (usually no expiry date on red), but premix/alcopops was were the money was.
In the six months to December 2018, Woolworths liquor division — called Endeavour Drinks — sold $4.5bn worth of alcohol and made a $310 million pre-tax profit,
Is that a net or gross profit?
Financial statements are typically are referring to gross profit when discussing pre-tax profit.
Look at the types of people running liquor shops that aren't LL or DM. Do they look like they're happy? Look like they're rolling in cash and driving a Merc?
Small businesses are hard work for little pay in most situations.
A liquor shop survives based on location and ease of access because buying it online is much cheaper. It's insane the price difference with spirits especially.
Usually young guys capable of lifting things. Sometimes older people. Doubt you'd see the owner of a chain bottle-o manning one of their many counters.
Honestly thought this would be a thread by someone else.
@deme - surely this is something you have thought about and discussed with your peers.