Liquor Store Broker Uncovers
Significant Opportunity For Local Liquor Store Owners
Boston, MA : Liquor
License Advisor notes a significant demand for local liquor stores as buyers
identify industry as “recession proof” while liquor sales increase during
COVID-19.
Liquor License Advisor has the unique ability to see
industry trends after having done over 1300 transactions over the years and
more than 35 in the past 12 months.One of those recent trends is smart
investors and buyers have recognized the value of the liquor store business.
Nielson reported U.S. sales of alcoholic beverages rose 55% in the week ending
March 21. With government officials declaring liquor stores essential
businesses, New York Post reported the
stay-at-home orders resulted in many stockpiling alcohol and even online sales
spiked to 243%.
“With the value of
liquor stores viewed at a premium at this time, coupled with the threat looming
over the ballot question on the liquor license quotas in Massachusetts, many
liquor store owners who are near retirement, have been in the business for more
than a decade or who just want to capitalize on the current demand – they are calling
us to take stock of their options to sell today,” says Dan Newcomb, Liquor
License Advisor Founder and CEO. “We are
seeing family businesses who have been around for generations getting out
because the industry is changing and it’s not what it used to be in their eyes.”
With what may be a “changing of guards” in the liquor store
industry, having big-box stores in the game has made it much more competitive
while shrinking margins for smaller retailers. Also, given the popularity of
online ordering and delivery as well as direct to consumer subscription-based alcohol
offerings, it seems the rules of the game may be changing as well as the
distribution pattern (Forbes).
Newcomb says, “If
owners were thinking of selling in the next 2-5 years, they should definitely
consider moving up their timeline to find a way out at the top of the market
that will leverage the current uptick in sales volume and the peaked interest
of numerous pre-qualified buyers looking to invest now.”
About Liquor License Advisor: Liquor License Advisor is a liquor
license and liquor store broker who assists restaurant owners, bars, liquor
store owners and others to buy or sell their liquor license. The Founder, Dan
Newcomb has literally grown up in the industry as his experience goes back to
his childhood days when his Father grew the family restaurant to a chain of 26
total restaurants in the Boston area.
Liquor License Advisor is a dedicated member of
The Massachusetts Package Stores Association, The National Association of
Licensing and Compliance Professionals, National Restaurant Association and
Massachusetts Restaurant Association. For more information on Liquor License
Advisor, visit the website: www.LiquorLicenseAdvisor.com.
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