How to Start a Beverage Distribution Business
If you want to start a beverage distribution business, you will need to work out a solid plan. There are legal issues that you have to settle and knowing the law would be an advantage.
You can avoid possible problems with a legit business. Another thing is that you must have a great location and a reputed supplier.
Have you ever thought of entering the wholesale industry? If you want to own a fun and profitable business, you can opt for a beverage distribution business. The good thing about this business is that you can make good money from limited customers. People need something to quench their thirst, aside from drinking plain water. Such products can be sold to the same customers almost everyday! Finding manufacturers of beverage items is also quite easy and you can make around 70% on the profit margin.
Guide on Starting a Beverage Distribution Business
Find a store space that you can lease. You can negotiate with the owner for the monthly rentals since you’re just starting out. Most landlord is willing to offer a slightly lower price if you use your charisma and convincing power. When you apply for a beverage license, you will need to consider the types that you plan to sell and where such products are going to be consumed. There are certain laws or regulations that you need to follow as the business owner. For instance, if you’re going to sell alcohol, you shouldn’t sell to intoxicated persons and minors. As the licensee, you have a huge responsibility to observe sale requirements, as well advertising restrictions.
The application will already contain the instructions as to how you can obtain the license. You can check with the county or city office near you, so you can already submit the required documents or paperwork. Securing the license may involve a small fee and it is renewable every year. Find a supplier of the beverage to get the items at a low price. This will allow you to sell the items at a much lower price than your competitors. Establish the pricing of the beverage and start with the marketing efforts.
Setup the store. There are some things that you need to purchase like display racks, shelving, cash register, and other supplies. When the store is finished, you can now purchase inventory and make sure that you have sufficient items to sell to customers. You can focus on certain beverages like soda, alcohol, wine, or juices. If you want, you can sell any liquid products. As mentioned earlier, you have to secure the appropriate license based on the products that you’re selling. With a legit business, you can avoid potential problems in the future. Start with the promotions. You can give away business cards and you can even offer special deals upon opening. If you have a plan, you can accomplish all the startup tasks with ease.
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