Backstory: I already own a few restaurants and am looking to open a liquor store in a nice area that doesn’t have one. The area is known for smaller boutique/locally owned shops. About 10k residents about 10-20 minutes away from the closest shop with a median income of $150k.
Vision: I know that this community would like a shop here, but I don’t want to run a traditional liquor store with 100,000 items. Has anyone seen a small liquor store work and what other items have you seen work well in the same business?
I would love any suggestions or experiences!
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Different business model, but you might get some good ideas from reading Joe Coulombe’s book, “Becoming Trader Joe’s.”
You seem to be in an affluent market, so you can copy what other affluent location stores do. For example, this one in Whittier which has a great vibe: https://thecellarbottleshop.com/
For wine - go to mid to high price, have only wines with 90+ and maybe 20 wines from each area and type (e.g. cabarnet from france), but for only 10-15 types. so 300 different bottles al together.
For spirits, you can stock for harder to find vodka’s (e.g. Van Gogh, Pappy). And same for beers.
It would be important to stock things, that are just very hard to find in other things, even at a higher price point. That place in Whittier does that well.