Call me old fashioned, if the books balance, I would consider it a win. You are a job creator, providing housing and helping the local community with the store. You may not have started out as a philanthropist, but you earned the title. You have done a wonderful thing with this property.
Painting the store to remove the trees is easier to find the store is not hidden behind the trees. Build new planter boxes that have benches to tables for customers places to hang outside.
Ive been in the liquor game for over 30 years ... 1. remove the tree completely. 2. repaint external bricks and maybe with signage (not branded signs unless they are paying you) 3. minimise the stock holding you have there - for a store doing avg $16k thats a lot of stock there tying up your cashflow. 4. Coolroom (cooler) you could expand (and clean) using same compressor allowing all beer to be stored. 5. if not in budget, get those open cases off the floor and place a shelf above the shelves - free up more space. 6. Use as much vertical space as possible - I have a motto on shelves, HIGH (top near ceiling - super premium) HEAD (high ticket items, low turnover) EYE (your high profit lines) HIP (high turnover - less room to fall off) LOW (low margin, slow moving)
My brother and I have a liquor store and just like anything else, location is key. We are in the heart of Baltimore and we are walking distance for a lot of people. It's definitely an inventory heavy business, but to get sales up, you're going to have to run promotions better than your closest competition and maybe starting a delivery service if your state/county allows it. You have to figure out if you're going to be a high volume/low margin business, or a low-mid volume/high margin business.
like the vids , man. keep them coming. I would remove trees and white planter boxes . Maybe go with one or two bigger planters. Maybe try and move ice machine to side of building. Just declutter the front and make more room to walk. a good power wash on the front concrete and steps . my 2 cents.
I wouldn’t underestimate the possible seasonality of the business. Once you get some more time under your belt, you’ll have a better idea obviously. We own an ice cream shop here in Pennsylvania, and as you can imagine it’s extremely seasonal.
I like the trees with twinkle lights in them year round. Just clean them up. No white wires. Planters need tending as well. Like the idea of big signage across the top of the bldg. What’s the name of the store anyway? Deli is a great idea. Like the laundromat idea too.
A geyser of water shooting out of broken off fire hydrant barrels usually only happens in movies. When you open a hydrant, the valve at the bottom actually lowers as you turn the upper nut. When the valve is closed, water pressure is against it, holding it tightly closed. That hydrant was probably installed with the wrong bolts - breakaway bolts are supposed to be used so nothing is damaged upon impact. Maybe try pruning the trees drastically so you can see through them and see how that looks. In some areas, the city owns the trees along sidewalks.
Nice store. It remind me of mine. We have similar sales, and I profit about 20K per month. You should look into opening a meat market inside your store. You can start with a 12 foot display. My butcher is selling about 20K per month and the profit margins are much higher.
My brother and I ran 3 pizza places 20-25 years ago. Sales were a success, but dealing with employees was a non stop full time job. We sold and haven't looked back. For that place, I would stabilize it (looks like it is there) and sell it.
What about some box hedges? They would keep people safe from falling, you could see the building and they are easy to maintain and for Christmas you can put the net lights on them.
I would think trimming the trees should be fine. Trees make places nicer. People come to nice places. Maybe put some benches out so people can eat their donuts/enjoy their coffee there in summer? This will show there is a shop just as fine.
On liquor store side put in a drive though . The tree got to go I love trees but those ones need to go . Where that tree is put in some rails and 2 person tables when you get your deli side up and running . Also you might want to look in to lottery sells .
Hello, I manage two liquor stores. Don’t know where you’re located but generally liquor sales drastically drop January and February. November-December are some of the best months due to the holidays. I would suggest that you’re open as frequently as possible during the holidays.
I don't own a store, but I have worked in retail for over 20 years. Employees are always one of the biggest issues, especially in retail. One suggestion: I did not see any shelf labels for your products stating how much everything costs. That might help your sales, if the customers could easily see the prices.
i wouldn't doubt the economy is hurting sales... pretty good sales though.. have you been watching each item in inventory and seeing which ones don't sell and others that sell really well? .. are most of the sales coming from the liquor store or the convenience store? betting beer is your biggest seller .. remember to have the cashier ask.. have you found everything you needed and then make a list if you don't carry it and decide if you can. .. catch you next time.
How difficult will it be removing the trees? Maybe some kind of railing to define steps and keep people falling off edges. Or just extend steps all the way across the front.
Love that your transparent about owning a liquor store. Ive been collecting tons of data the past 2 yesrs and searching for the right store / motivated seller. Im willing to sacrifice net for safety, the most profitable stores are always in the hood but i found a happy medium based on location. Knowing your client base is everything
I can’t imagine either of those stores are big enough to offer enough variety. Have you considered devoting all floor space to either the connivence store or the liquor store but not both?
I think it’s great he offers both. I know he doesn’t have everything but enough to save many people having to run further to pick up a few things they need. Plus I think it would be hard to pick which one to keep.
I like the trees, but you cannot see inside the store. Is there no way to un blind the windows so people driving by can see all improvements inside. I pass by stores I can’t see into well especially if it’s a liquor store
Trees should go because they seem to block the entire building. Maybe put in something small for curb appeal. Also, from what I see, there is a huge lack of signage. I think I would drive right by and not even notice the business. Good luck!
Remove the tree and plant bushes. I don’t know how you find employees that show up everyday. I have a landscaping business and finally gave up on helpers 7 years ago. I do everything myself now and make a fraction of what I did 10 years ago. Everyday I’m trying to figure out other ways to make money that isn’t manual labor.
Here are my suggestions for two scenarios: One-Get rid of the tree because it blocks the view of your business. Put more rocks by the fireplug and other areas to smarten them up. Put an awning up high with no hang down edge so it doesn’t block your signs. Move that clunky intrusive ice machine to the side of the building by the door. Put several tables and chairs in front and get a large (tasteful) sign for the black backdrop. Or Two-Sell firewood and/or bundles out front year-round from a long, low stand that doesn’t intrude above the black store front. Selling wood for firepits, fireplaces, and campfires usually has a good profit margin and is always in demand. Make sure you get a supplier who has tidy bundles because those actually generate a bit more per bundle, plus it doesn’t make the store look junky. Hope any of this helps! I sure enjoy your videos!
I think the tree's need to go. They keep the sidewalk dirty and moldy looking and hide to much of the storefront. Looks like the wood around all the windows is beginning to rot. The building could use a good paint job.
Your snack section is bigger than other liquor stores. I honestly would love to see how much are the weekly or monthly sales for this section alone. I’m thinking on make it bigger as well. Thank you
Maybe a bar/pub or lease out the space to a microbrewry (like building a liquor/food ecosystem) instead of a laundromat. Also, seems like this space is more of a convenience store than a liquor store with all the product offerings (chips, milk, etc.). Would be curious to see if the sales and investory re-up is biased to foodstuf vs liquor.
Great video! You are actually doing very well both margin and gross sales wise compared to other small town liquor stores that I am familiar with. I feel like I should buy you a convenience and liquor store specific POS system as a way of saying thanks for all the investment advice that you give! The theory is that a niche specific POS system should add another 3% to 5% in net profit. I'll pay for the POS system and you can document whether you see an increase by using a niche specific POS system instead of a generic retail POS system.
The only signs I see say liquor. Since you have a mini market & will branch out into deli foods, indicating it on the outside would increase people stopping. Also change the curb appeal. It does not look as nice on the outside as the inside.
That’s highly suspicious that sales drop off during Thanksgiving, Christmas, and New Years with the inventory improving. At the least I would expect that sales would stay steady during that period. That warrants further investigation.
Looking at a liquor store now, and the P&L looks like absolute dogshit. I think its so bad its not even purchasable. Curious to have a seasoned expert like you give their opinion!
Keep the trees and power wash the sidewalks. Paint mini mart and liquor store on the brick facade below the apartment windows. Remember first impressions will attract customers! I like to shop local but as an older woman I don’t want to go someplace that looks dirty, or looks to attract low life. You really haven’t given the business the opportunity to prove themselves, give it another year then decide especially as you were tinkering with inventory and management for the year.
I would consider cutting the trees down and painting. Choose colors that visually attract people's attention - maybe bright blue outlined with bright orange
Blue collars workers are hard to find that are honest and that get the job done. We had 4 out of 5 fail. Some just don't have a moral compass. Some just want the high pay, without the work ethic.
If you have a good manager do what you can to keep her. Maybe manager can get connected with a wedding planner and offer good deals for liquor. When I got married in Craig back in the 1980s we drove to Denver to get liquor for the wedding.
Sometimes inventory walks or customers are undercharged? Consider more cameras and more frequent inventory counts. The numbers are telling you to dig deeper.
Foods good idea ,trees no they've got to go.Sinage urgently needed something with kerb appeal as we say in the UK give the store a catchy name that people remember it's to anonymous outside at the moment.The spirits need securing at the till area that way you have them secure.They way you have them is never done any where in the UK In a mini mart.I hope the stock rooms are secure during opening hours yours were open.All the best.
I always think trees should be planted rather than taken out, especially for shade in the summer, but perhaps these aren't in the best spot. Have you thought about putting up an awning for shade? I like the idea of rails, maybe a bench. Could you make a table area, like street dining or a little patio on one side so people can eat their sandwiches there? The Corona flag is tacky, the ice machine is kind of an eyesore, too.
Talk about inflation and RC Coke a Cola and Moon Pie was $.25 in 1965. RC beat out Pepsi in those days. The trees are just plain ugly even in summer although it needs trees in front. Perhaps two Dwarf Magnolia trees. Also just a suggestion... power wash the concrete and paint the Black a nice clean white with red border or maybe have an old fashioned painted Liquor Store sort of sign to match the building. Red is used in fast food places to draw attention to the building. Look up Red for stores on the internet. You have really increased the value in this building. Well done Mark
@@investfourmore I’m nothing to try offend you or your employees just try to explain the nature on those businesses need to have certain attention. I used to be owned Seven Eleven store for 2 years and I also trusted my employees but it just a human nature. When you see cash and if stocks are hard to count for everything single thing people appear to be tempting. 2 years later I sold store. Didn’t want to deal with all those disappointed I was getting
If you're in it for the long term. Just prune the tree. It will grow big, and eventually, it will not even be an issue with blocking your store frontage.
@Mark Ferguson - InvestFourMore True. That's the problem with planting tree's they grow into tree's. 😆 Well, whatever you do. Remove those lights first.
Shouldn't there be a sign that tells just exactly what kind of store it is. It's not a pure liquor store, it's not a grocery store, it's kind of a 7-11 type store with more variety of liquor. Are there any regular grocery stores nearby or is this it? I'd paint the building, cut down the trees and put some greenery in it's place including flowers in the spring. Would you make more money over a 10 year period with this store or by just putting the money into the stock market? I like the idea of owning actual business. I just wonder how much profit there actually is in retail. No one ever seems to get "rich" with laundromats, car washes, and small convenience stores. They are really very scalable and the profit margins can't be that great considering all the fix costs.
100% correct. Often the liquor stores and minimarts (gas station) that are independently operated are what people call “owning a job” or “buying a job”. Meaning people who own the business are working in it all day. By the time you pay out employees there is not much profit to be made at all.
@@Travelguy1 exactly.. my sister owns a liquor store and she bought a job.. $30k a year and health insurance is what she gets… and the actual building and property will be paid off at some point.
Are you going to add any walk in coolers?Make sure the employees are super knowledgeable on the laws on selling alcohol.Fountain drinks with a built in ice maker help deli sales.Tell the manager to keep the products front faced.If you remove the tree can you put up a canopy?Maybe under some boards to give the apt windows some outside sills.Can you arrange the register area so the alcohol is stored behind it to cut down on grab and dashes?
Remove the trees, or trim them back heavily & paint the storefront in a bright colour (Yellow OR Red White & Blue stripes = get rid of the Black) + sort out the weird front pavement & steps. Those steps look dangerous in the front. You need planter boxes & handrails to make it look safer and more welcoming.
Hi big difference in the store great work,trim tree alot get rid of white planter boxes maybe talk to one of the distributors for hot food ideas without a deli because u would need an extra employee during deli hours I don't think deli sales would justify adding another employee honestly I would paint liquor store on side of building like u said ASAP maybe a bigger sign on the front as well
Get rid of the trees, fix the concrete, repair and paint the building. Inside needs more remodel and the back rooms are a disaster. Just telling it straight. If you leave it like it is, you will get the same results.
Leave the trees, or trim them if you need. To be honest, it's Pierce... people know where the market and liquor store is. You aren't getting random traffic off of the highway. People driving by know it, and people driving on the highway won't be stopping randomly in a town that doesn't even have a gas station. Just my opinion, I like the trees, they make it feel more comfortable.
@@daviddinkins7009 Of course it does. Did prohibition cause more or less problems? Some people like to drink. They have for centuries. Having fewer liquor stores may cause more problems like drunk driving, more binge drinking etc.
Call me old fashioned, if the books balance, I would consider it a win. You are a job creator, providing housing and helping the local community with the store. You may not have started out as a philanthropist, but you earned the title. You have done a wonderful thing with this property.
Thank you. I know the town loves it
I agree! That’s why I think he mentioned NO on the restaurant! 🤣 He’s already doing SO much for this community! He can’t run the entire town! 😝
Painting the store to remove the trees is easier to find the store is not hidden behind the trees. Build new planter boxes that have benches to tables for customers places to hang outside.
👍
Ive been in the liquor game for over 30 years ... 1. remove the tree completely. 2. repaint external bricks and maybe with signage (not branded signs unless they are paying you) 3. minimise the stock holding you have there - for a store doing avg $16k thats a lot of stock there tying up your cashflow. 4. Coolroom (cooler) you could expand (and clean) using same compressor allowing all beer to be stored. 5. if not in budget, get those open cases off the floor and place a shelf above the shelves - free up more space. 6. Use as much vertical space as possible - I have a motto on shelves, HIGH (top near ceiling - super premium) HEAD (high ticket items, low turnover) EYE (your high profit lines) HIP (high turnover - less room to fall off) LOW (low margin, slow moving)
Yes , trees should go but one concern would be people falling off of that high sidewalk. Maybe put more planters all the way across for safety ?
Good point
Idk the tree looks cool decorated...
Sells poison and you think this lame has any concerns for people?
@@slickfirmament5934 Alcohol in moderation is actually good for you. You might want to actually do some research...🤷♂️
My brother and I have a liquor store and just like anything else, location is key. We are in the heart of Baltimore and we are walking distance for a lot of people. It's definitely an inventory heavy business, but to get sales up, you're going to have to run promotions better than your closest competition and maybe starting a delivery service if your state/county allows it. You have to figure out if you're going to be a high volume/low margin business, or a low-mid volume/high margin business.
Where are you guys in bmore? Or name of company? I'm in bmore county
Keep the tree, it add's personality, brings nature closer and adds shade and personality, store looks great.
like the vids , man. keep them coming. I would remove trees and white planter boxes . Maybe go with one or two bigger planters. Maybe try and move ice machine to side of building. Just declutter the front and make more room to walk. a good power wash on the front concrete and steps . my 2 cents.
I wouldn’t underestimate the possible seasonality of the business. Once you get some more time under your belt, you’ll have a better idea obviously.
We own an ice cream shop here in Pennsylvania, and as you can imagine it’s extremely seasonal.
We have icee machines coming soon speaking of seasonal treats haha
I use to live in Pierce I've been in this store about 10 times. It looks 100% better more selection and more bright!
Thank you!
Put up a sign. A big one that says liquor. Will do wonders for business. Right now hard to see what is in the building.
I like the trees with twinkle lights in them year round. Just clean them up. No white wires. Planters need tending as well. Like the idea of big signage across the top of the bldg. What’s the name of the store anyway? Deli is a great idea. Like the laundromat idea too.
Hardest part of any business, is always the people (employees). As if the business isn't hard enough....personnel problems make it 10x worse
Yup
Amen! I got away from businesses with employee and life is stress free now
Giant sign sounds good and thinning out the tree maybe. Cameras.
Yes, cut down the trees, paint the building, and get a large lighted sign.
A geyser of water shooting out of broken off fire hydrant barrels usually only happens in movies. When you open a hydrant, the valve at the bottom actually lowers as you turn the upper nut. When the valve is closed, water pressure is against it, holding it tightly closed. That hydrant was probably installed with the wrong bolts - breakaway bolts are supposed to be used so nothing is damaged upon impact.
Maybe try pruning the trees drastically so you can see through them and see how that looks. In some areas, the city owns the trees along sidewalks.
Dang lol
Actually, it happens all the time in San Diego. th-cam.com/video/Vmx4cesAt5M/w-d-xo.html
th-cam.com/video/dgOJJhdPsRQ/w-d-xo.html
Nice store. It remind me of mine. We have similar sales, and I profit about 20K per month. You should look into opening a meat market inside your store. You can start with a 12 foot display. My butcher is selling about 20K per month and the profit margins are much higher.
It used to be a meat market!
@@investfourmore even better. Maybe it already has the preparation. Grease trap, 3 compartment sink, etc.
Hey, how many of your customers have or will get cancer from you profiting off death?
@@slickfirmament5934 as many as it takes to take care of myself. That's everyone's choice and responsibility.
My brother and I ran 3 pizza places 20-25 years ago. Sales were a success, but dealing with employees was a non stop full time job. We sold and haven't looked back.
For that place, I would stabilize it (looks like it is there) and sell it.
Yeah dealing with employees sucks. I don’t miss it at all. It’s the worst thing about running a business besides taxes.
You could trim the tree so that it has fewer spread branches. This would allow you to keep it. I like the tree.
What about some box hedges? They would keep people safe from falling, you could see the building and they are easy to maintain and for Christmas you can put the net lights on them.
I would think trimming the trees should be fine. Trees make places nicer. People come to nice places. Maybe put some benches out so people can eat their donuts/enjoy their coffee there in summer? This will show there is a shop just as fine.
On liquor store side put in a drive though . The tree got to go I love trees but those ones need to go . Where that tree is put in some rails and 2 person tables when you get your deli side up and running . Also you might want to look in to lottery sells .
The tree is kind of in the way, if it's gone then you can put up a bigger sign or fly up a Colorado or US flag and it'd totally look nicer.
Hello, I manage two liquor stores. Don’t know where you’re located but generally liquor sales drastically drop January and February. November-December are some of the best months due to the holidays. I would suggest that you’re open as frequently as possible during the holidays.
I don't own a store, but I have worked in retail for over 20 years. Employees are always one of the biggest issues, especially in retail. One suggestion: I did not see any shelf labels for your products stating how much everything costs. That might help your sales, if the customers could easily see the prices.
We tried that but prices are changing so fast right now it is really tough to keep them correct.
i wouldn't doubt the economy is hurting sales... pretty good sales though.. have you been watching each item in inventory and seeing which ones don't sell and others that sell really well? .. are most of the sales coming from the liquor store or the convenience store? betting beer is your biggest seller .. remember to have the cashier ask.. have you found everything you needed and then make a list if you don't carry it and decide if you can. .. catch you next time.
How difficult will it be removing the trees? Maybe some kind of railing to define steps and keep people falling off edges. Or just extend steps all the way across the front.
Love that your transparent about owning a liquor store. Ive been collecting tons of data the past 2 yesrs and searching for the right store / motivated seller. Im willing to sacrifice net for safety, the most profitable stores are always in the hood but i found a happy medium based on location. Knowing your client base is everything
I can’t imagine either of those stores are big enough to offer enough variety. Have you considered devoting all floor space to either the connivence store or the liquor store but not both?
I think it’s great he offers both. I know he doesn’t have everything but enough to save many people having to run further to pick up a few things they need. Plus I think it would be hard to pick which one to keep.
I like the trees, but you cannot see inside the store. Is there no way to un blind the windows so people driving by can see all improvements inside. I pass by stores I can’t see into well especially if it’s a liquor store
Trees should go because they seem to block the entire building. Maybe put in something small for curb appeal. Also, from what I see, there is a huge lack of signage. I think I would drive right by and not even notice the business. Good luck!
Remove the tree and plant bushes. I don’t know how you find employees that show up everyday. I have a landscaping business and finally gave up on helpers 7 years ago. I do everything myself now and make a fraction of what I did 10 years ago. Everyday I’m trying to figure out other ways to make money that isn’t manual labor.
cmon man, the tree is awesome, value add for the community. work with it
Question how much do you pay your manager and how do you keep track of lost items/stolen items and stolen money?
Here are my suggestions for two scenarios: One-Get rid of the tree because it blocks the view of your business. Put more rocks by the fireplug and other areas to smarten them up. Put an awning up high with no hang down edge so it doesn’t block your signs. Move that clunky intrusive ice machine to the side of the building by the door. Put several tables and chairs in front and get a large (tasteful) sign for the black backdrop. Or Two-Sell firewood and/or bundles out front year-round from a long, low stand that doesn’t intrude above the black store front. Selling wood for firepits, fireplaces, and campfires usually has a good profit margin and is always in demand. Make sure you get a supplier who has tidy bundles because those actually generate a bit more per bundle, plus it doesn’t make the store look junky. Hope any of this helps! I sure enjoy your videos!
Keep the tree because it is harming no one. Pour the poison known as liquor into a pit and burn it all.
Yes, the view blocking 🚫 trees 🌳 need to be replaced , maybe with short sturdy plants that need little upkeep, 😊👍💕💕💕
As an Indian, I love your venture. I thought it was only for us, but good to see others getting into this business. Good Stuff!
Thank you!
Im not into real estate but i enjoy watching all your videos. Cherry RC would be a sellout! I might think about driving 2000 mi to get some.😁
I would remove the trees- maybe replace with smaller bushes. That would still give some greenery and look nice
I think the tree's need to go. They keep the sidewalk dirty and moldy looking and hide to much of the storefront. Looks like the wood around all the windows is beginning to rot. The building could use a good paint job.
It does make the sidewalk dirty.
Those are street trees. Where I live you can't cut them down. I don't know what the laws are there but check into it before you get the chain saw out.
How can you be closed on Thanksgiving and Christmas as a liqor store owner?
That season is the best to make money for a liqor store.
It needs a better sign, something inviting like " Liquor / quick snacks" , All in all you have done a wonderful job on the store , 😊👍💕💕💕
Seasonal sales drop; summer ramp up than leverage wine tastings to keep customers this year for autumn
Are those window sills wood or stone? They look like their rotting
The classy interior needs to be reflected outside…outside looks sad and dirty, ice machine and signage need some improvement.
Your snack section is bigger than other liquor stores. I honestly would love to see how much are the weekly or monthly sales for this section alone. I’m thinking on make it bigger as well. Thank you
Maybe a bar/pub or lease out the space to a microbrewry (like building a liquor/food ecosystem) instead of a laundromat. Also, seems like this space is more of a convenience store than a liquor store with all the product offerings (chips, milk, etc.). Would be curious to see if the sales and investory re-up is biased to foodstuf vs liquor.
Liquor has higher sales volume
Great video! You are actually doing very well both margin and gross sales wise compared to other small town liquor stores that I am familiar with. I feel like I should buy you a convenience and liquor store specific POS system as a way of saying thanks for all the investment advice that you give! The theory is that a niche specific POS system should add another 3% to 5% in net profit. I'll pay for the POS system and you can document whether you see an increase by using a niche specific POS system instead of a generic retail POS system.
The only signs I see say liquor. Since you have a mini market & will branch out into deli foods, indicating it on the outside would increase people stopping. Also change the curb appeal. It does not look as nice on the outside as the inside.
As a business owner i would definitely cut the tree and paint the edge of the steps yellow for better visability. They look kind of dangerous
All employees have to be certified also. I've also ran a service station had to make sure everyone was certified
That is not what our health department said
I vote trim and save the trees out front!
I wud trim the trees 🌳 back. Gives a warm welcome
@user-xm8pq8bg5y no thank u
You should have a punch card. Buy 6 coffees/fountain drinks and get the 7th one free. Most people will likely buy something to go with their beverage.
We have some specials like that.
Build up the business and sell it on. Then just collect the rent.
How do you have the energy to get involved in this minutae ?
That’s highly suspicious that sales drop off during Thanksgiving, Christmas, and New Years with the inventory improving. At the least I would expect that sales would stay steady during that period. That warrants further investigation.
The problem is that the store is closed and the up tick in sales does not make up for the time closed
@@investfourmore gotcha. Good luck!
new subscriber really enjoy your flips & cars
Thank you and welcome!
Looking at a liquor store now, and the P&L looks like absolute dogshit. I think its so bad its not even purchasable. Curious to have a seasoned expert like you give their opinion!
There are many that make zero money or the owners take the cash and don't report it.
@@investfourmore it’s crazy, the owners cash flow they reported was like less than a minimum wage job. Full time staffed by the owners too… insanity
@@JAK3CAL it's pretty common and crazy!
Keep the trees and power wash the sidewalks. Paint mini mart and liquor store on the brick facade below the apartment windows. Remember first impressions will attract customers! I like to shop local but as an older woman I don’t want to go someplace that looks dirty, or looks to attract low life. You really haven’t given the business the opportunity to prove themselves, give it another year then decide especially as you were tinkering with inventory and management for the year.
I would consider cutting the trees down and painting. Choose colors that visually attract people's attention - maybe bright blue outlined with bright orange
Love the vids . Lose the trees!!🙂
Place looks good. Nice work!
cigar club ?
Blue collars workers are hard to find that are honest and that get the job done. We had 4 out of 5 fail. Some just don't have a moral compass. Some just want the high pay, without the work ethic.
If you have a good manager do what you can to keep her. Maybe manager can get connected with a wedding planner and offer good deals for liquor. When I got married in Craig back in the 1980s we drove to Denver to get liquor for the wedding.
Sometimes inventory walks or customers are undercharged? Consider more cameras and more frequent inventory counts. The numbers are telling you to dig deeper.
We have cameras but they haven't been monitored well
Foods good idea ,trees no they've got to go.Sinage urgently needed something with kerb appeal as we say in the UK give the store a catchy name that people remember it's to anonymous outside at the moment.The spirits need securing at the till area that way you have them secure.They way you have them is never done any where in the UK In a mini mart.I hope the stock rooms are secure during opening hours yours were open.All the best.
So same update as last vid on this place.
Very interesting
and erm......loose the trees and get more visibility from the street
looks good, nice job
the back room has a door. hmmmmm. why not turn that into a small daytime cafe/hot dog/ taco/ pizza place. you know just thoughts :D😁
I always think trees should be planted rather than taken out, especially for shade in the summer, but perhaps these aren't in the best spot. Have you thought about putting up an awning for shade? I like the idea of rails, maybe a bench. Could you make a table area, like street dining or a little patio on one side so people can eat their sandwiches there? The Corona flag is tacky, the ice machine is kind of an eyesore, too.
Keep the Lorax tree🌳
Remove the trees and pressure wash the sidewalk.
And leave the trip hazard??
Talk about inflation and RC Coke a Cola and Moon Pie was $.25 in 1965. RC beat out Pepsi in those days. The trees are just plain ugly even in summer although it needs trees in front. Perhaps two Dwarf Magnolia trees. Also just a suggestion... power wash the concrete and paint the Black a nice clean white with red border or maybe have an old fashioned painted Liquor Store sort of sign to match the building. Red is used in fast food places to draw attention to the building. Look up Red for stores on the internet. You have really increased the value in this building. Well done Mark
Your manager May steeling sometimes that’s why sales are go down
I trus tmy manager maybe not everyone els.
@@investfourmore I’m nothing to try offend you or your employees just try to explain the nature on those businesses need to have certain attention. I used to be owned Seven Eleven store for 2 years and I also trusted my employees but it just a human nature. When you see cash and if stocks are hard to count for everything single thing people appear to be tempting. 2 years later I sold store. Didn’t want to deal with all those disappointed I was getting
If you're in it for the long term. Just prune the tree. It will grow big, and eventually, it will not even be an issue with blocking your store frontage.
If it gets too big it might start heaving the concrete
@Mark Ferguson - InvestFourMore True. That's the problem with planting tree's they grow into tree's. 😆
Well, whatever you do. Remove those lights first.
Big old fashion liquor sign, cut down the trees
Shouldn't there be a sign that tells just exactly what kind of store it is. It's not a pure liquor store, it's not a grocery store, it's kind of a 7-11 type store with more variety of liquor.
Are there any regular grocery stores nearby or is this it? I'd paint the building, cut down the trees and put some greenery in it's place including flowers in the spring.
Would you make more money over a 10 year period with this store or by just putting the money into the stock market? I like the idea of owning actual business. I just wonder how much profit there actually is in retail.
No one ever seems to get "rich" with laundromats, car washes, and small convenience stores. They are really very scalable and the profit margins can't be that great considering all the fix costs.
100% correct. Often the liquor stores and minimarts (gas station) that are independently operated are what people call “owning a job” or “buying a job”. Meaning people who own the business are working in it all day. By the time you pay out employees there is not much profit to be made at all.
@@Travelguy1 exactly.. my sister owns a liquor store and she bought a job.. $30k a year and health insurance is what she gets… and the actual building and property will be paid off at some point.
We are making money with very little work from me
@@investfourmore I don’t know what that means.
@@Travelguy1 typo sorry
Hi Mark
Are you going to add any walk in coolers?Make sure the employees are super knowledgeable on the laws on selling alcohol.Fountain drinks with a built in ice maker help deli sales.Tell the manager to keep the products front faced.If you remove the tree can you put up a canopy?Maybe under some boards to give the apt windows some outside sills.Can you arrange the register area so the alcohol is stored behind it to cut down on grab and dashes?
With a 30% profit margin at ~$15K a week that gives you $4500 a week or $18K a month in profit. And you're not happy with those numbers??
That's if we had no utilities, employees, insurance, rent etc
@Mark Ferguson - InvestFourMore that's what I thought. Your response confirmed my side of the conversation I had with my wife 😉
Remove the trees, or trim them back heavily & paint the storefront in a bright colour (Yellow OR Red White & Blue stripes = get rid of the Black) + sort out the weird front pavement & steps. Those steps look dangerous in the front. You need planter boxes & handrails to make it look safer and more welcoming.
Hi big difference in the store great work,trim tree alot get rid of white planter boxes maybe talk to one of the distributors for hot food ideas without a deli because u would need an extra employee during deli hours I don't think deli sales would justify adding another employee honestly I would paint liquor store on side of building like u said ASAP maybe a bigger sign on the front as well
Real video starts from 10.40.
I vote for removing the tree.
Get rid of the trees, fix the concrete, repair and paint the building. Inside needs more remodel and the back rooms are a disaster. Just telling it straight. If you leave it like it is, you will get the same results.
Leave the trees, or trim them if you need. To be honest, it's Pierce... people know where the market and liquor store is. You aren't getting random traffic off of the highway. People driving by know it, and people driving on the highway won't be stopping randomly in a town that doesn't even have a gas station. Just my opinion, I like the trees, they make it feel more comfortable.
So you sell poison.
Did you think prohibition went well?
@@investfourmore You selling poison and prohibition have nothing to do with the fact that alcohol is poison.
@@daviddinkins7009 Of course it does. Did prohibition cause more or less problems? Some people like to drink. They have for centuries. Having fewer liquor stores may cause more problems like drunk driving, more binge drinking etc.
@@investfourmore it's still poison.
@@investfourmore th-cam.com/video/Z3goyb_FiYk/w-d-xo.html