Love the updates, especially the liquor store. Store looks so much better inside and out, fantastic job of turning a business around for bigger profit. As always, Thanks for taking the time from your job to share your knowledge and expertise with us!
Hi Mark, i live in NC and here they call liquor stores 'ABC' stores. I don't drink much more than a shot of something in a coffee or green tea but it's AMAZING how much better of a deal is available when I buy a big bottle for a few dollars more than a smaller one when you calculate the % extra in a big bottle for the smaller increase in price. Yes the Pepsi VS Coke 'war' is like the Yankees and Red Sox competition!
I used to work as the receiver in a supermarket. I retired at the beginning of 2020--so I retired two and a half months before Covid hit. We had some odd supply-chain issues even before that. I noticed that the section on our shelves tagged for Cherry Crush was always filled with Orange Crush. No other store in my town had had Cherry Crush in stock for several years, either. One time I asked the Pepsi driver why we never got Cherry Crush any more. His response was, "I dunno! The warehouse is full of it!" Go figure.
Great job Mark. Store looks good inside and out. As I’ve stated before I have over 30 years in retail grocery experience. One of the most important things I’ve learned is to be consistent. Your customers notice that. That’s how you build customer loyalty. Consistently have all of your core items like milk, bread, etc. even if it means a few perishable items go out of date occasionally. You should be able to get credit from the vendor for out of date items. The only way to reduce out of date items is by faithfully rotating every time a restock is done. EVERY SINGLE TIME! I’m aware it takes an extra few minutes but it is worth it. If you are consistently out of the basic items customers will take note and eventually lose faith and move on to another establishment. You have a gold mine in that little town. Keep up the good work. I always look forward to your videos on the liquor and convenience store.
Great insights as always Mark! I'm still tempted to gift you a free liquor/c-store specific POS system so you and your manager can see how much easier life is using a POS system designed for liquor stores than a generic retail POS system like Clover.
Have you looked into those drive-up Ice Vending Machines? You'd have to supply it water, but they make them that freeze and bag their own ice and dispense it when the customer pays for it via card swiper or wait for it, coin-op. Be good in the empty lot. You might be able to lease one versus buy. Just a thought.
@@investfourmore you oughtta. They place them in parking lots here in NC at shopping centers, esp. ones with grocery stores. I'm not sure the name of the company "Arctic something maybe, but i'm sure u can google something generic and find it.
The liquor store videos are always my favorite. This was the first one I remember in a while where you didn't talk about alternative ideas for the place. I know you mentioned your manager wanted to add gas pumps but that's not an idea you like. Wasn't there an idea for a coin laundry? A coffee stand? I forget the other some of the other ideas for monetize some of the unused space.
Killing demand does help reduce inflation by sending the share for small businesses to large retailers who get even better discounts. It destroys small businesses but makes Walmart a juggernaut.
@@investfourmore It's brewed a bit differently, which takes away some of the hoppy bitterness, as well as some of the floral sweetness at the end. That makes it more "drinkable" than traditional IPAs, which most people can only have one or two of.
Good news as a result of your attention to detail 👏 What do you think of turning that side lot into a nice seating area and begin using that back kitchen to serve take-out? Which diners would eat in that prettied-up side-lot. 🖖🙏
@investfourmore Sorry, I should have said the yet-to-be-built back kitchen 🙏Creating a small high-efficiency commercial kitchen in that back area'd allow you to upgrade your in-store offerings. A pleasant place to sit and eat during good weather, a play yard, climbing frame, etc. might increase traffic and sales, no? Besides, it's not earning you anything, just sitting there serving as parking. 🖖🙏
Yes, most stores have way more inventory. Some of the liquor stores I've seen for sale have 400k to 500k inventory. You have to buy by the case to get decent prices
An idea for getting the bigger discounts for a smaller liquor store. You've probably thought about this, but here goes anyway. Start four or five more small ones, from scratch -- using the existing one as a template, and have a warehouse somewhere for receiving the larger shipments, which would then be distributed out to the stores by your personnel. Promote your manager to district manager to handle all of this.
I would have someone screw a board up on the inside of the old door in the liquor storage area. You can source used ice machines that work just fine i bet.
Shooters are just plain fun! Dump a variety in a bucket, like 20 or 30 of them, host a party w/drinking games, where ya have to reach in and pull out a random one, even if you pick a gross one you have to drink it. LoL
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Front of the store looks so much better. Clean, less cluttered & love the planters 🌻
Agreed!
Love the updates, especially the liquor store. Store looks so much better inside and out, fantastic job of turning a business around for bigger profit. As always, Thanks for taking the time from your job to share your knowledge and expertise with us!
Thanks!
The store looks great! Especially the front.The two trees are lovely. Your doing a great job.
Thanks!
Hi Mark, i live in NC and here they call liquor stores 'ABC' stores. I don't drink much more than a shot of something in a coffee or green tea but it's AMAZING how much better of a deal is available when I buy a big bottle for a few dollars more than a smaller one when you calculate the % extra in a big bottle for the smaller increase in price. Yes the Pepsi VS Coke 'war' is like the Yankees and Red Sox competition!
I used to work as the receiver in a supermarket. I retired at the beginning of 2020--so I retired two and a half months before Covid hit. We had some odd supply-chain issues even before that. I noticed that the section on our shelves tagged for Cherry Crush was always filled with Orange Crush. No other store in my town had had Cherry Crush in stock for several years, either. One time I asked the Pepsi driver why we never got Cherry Crush any more. His response was, "I dunno! The warehouse is full of it!" Go figure.
Great job Mark. Store looks good inside and out. As I’ve stated before I have over 30 years in retail grocery experience. One of the most important things I’ve learned is to be consistent. Your customers notice that. That’s how you build customer loyalty. Consistently have all of your core items like milk, bread, etc. even if it means a few perishable items go out of date occasionally. You should be able to get credit from the vendor for out of date items. The only way to reduce out of date items is by faithfully rotating every time a restock is done. EVERY SINGLE TIME! I’m aware it takes an extra few minutes but it is worth it. If you are consistently out of the basic items customers will take note and eventually lose faith and move on to another establishment. You have a gold mine in that little town. Keep up the good work. I always look forward to your videos on the liquor and convenience store.
Thanks! We realized the last manager was simply leaving old stock in the back room and always taking new stock instead of rotating them!
@@investfourmore That's grounds for dismissal.
@@bigscarysteve yup
Great insights as always Mark! I'm still tempted to gift you a free liquor/c-store specific POS system so you and your manager can see how much easier life is using a POS system designed for liquor stores than a generic retail POS system like Clover.
Hi, I am on the market for a POS.
@@Supastallsta What city and state are you in?
Have you looked into those drive-up Ice Vending Machines? You'd have to supply it water, but they make them that freeze and bag their own ice and dispense it when the customer pays for it via card swiper or wait for it, coin-op. Be good in the empty lot. You might be able to lease one versus buy. Just a thought.
I have not
@@investfourmore you oughtta. They place them in parking lots here in NC at shopping centers, esp. ones with grocery stores. I'm not sure the name of the company "Arctic something maybe, but i'm sure u can google something generic and find it.
Love the video, thank you for uploading and being so transparent!
👍👍
Aha ! You took a bit of my advice and did the old style sign on the side !! I like the white with the black !!! Nice !!!! ❤
The liquor store videos are always my favorite. This was the first one I remember in a while where you didn't talk about alternative ideas for the place. I know you mentioned your manager wanted to add gas pumps but that's not an idea you like. Wasn't there an idea for a coin laundry? A coffee stand? I forget the other some of the other ideas for monetize some of the unused space.
Killing demand does help reduce inflation by sending the share for small businesses to large retailers who get even better discounts.
It destroys small businesses but makes Walmart a juggernaut.
If it kills Walmarts competition then Walmart can raise prices though... Plus all of Walmarts suppliers have higher costs with higher rates.
Found the video interesting. Wondering how u handle payroll ? Do u use outside company?
I saw you have an awesome new Cold IPA in that Craft Beer cooler! 😄
What exactly is a cold IPA?
@@investfourmore It's brewed a bit differently, which takes away some of the hoppy bitterness, as well as some of the floral sweetness at the end. That makes it more "drinkable" than traditional IPAs, which most people can only have one or two of.
Good news as a result of your attention to detail 👏 What do you think of turning that side lot into a nice seating area and begin using that back kitchen to serve take-out? Which diners would eat in that prettied-up side-lot.
🖖🙏
We don't have a back kitchen. Just a hot dog roller and food warmers
@investfourmore Sorry, I should have said the yet-to-be-built back kitchen 🙏Creating a small high-efficiency commercial kitchen in that back area'd allow you to upgrade your in-store offerings. A pleasant place to sit and eat during good weather, a play yard, climbing frame, etc. might increase traffic and sales, no? Besides, it's not earning you anything, just sitting there serving as parking.
🖖🙏
@@saadgt2009 that would take a lot of staff and more upgrades to the license. Not ready for that
And you kept the trees, yay!
how do you find distributors for your business? I'm looking to start up a business myself but have no idea where to get started with inventory
Wow new manager is keeping it looking good. Also which tequila is good?
Is having a huge backroom inventory normal in liquor stores? I was quite surprised at the amount of merchandise you have in your back room.
The opportunity for shrink / theft is crazy at his store. Its been my worry for him since he bought it.
Yes, most stores have way more inventory. Some of the liquor stores I've seen for sale have 400k to 500k inventory. You have to buy by the case to get decent prices
An idea for getting the bigger discounts for a smaller liquor store. You've probably thought about this, but here goes anyway. Start four or five more small ones, from scratch -- using the existing one as a template, and have a warehouse somewhere for receiving the larger shipments, which would then be distributed out to the stores by your personnel. Promote your manager to district manager to handle all of this.
I would have someone screw a board up on the inside of the old door in the liquor storage area. You can source used ice machines that work just fine i bet.
The outside door? It's permanently locked
Wray and Nephews overproof rum is a winner!
Shooters are just plain fun!
Dump a variety in a bucket, like 20 or 30 of them, host a party w/drinking games, where ya have to reach in and pull out a random one, even if you pick a gross one you have to drink it. LoL
Store looks wonderful!👍🏻
man thats wild he had a replacement part for that specific wheel.
If you don't like gas pumps, why not install some electric chargers?
Maybe
@@investfourmore hah! Good luck. :)
Are you selling Bud Light?
lol you funny
Mark has it in stock--but no, he's not selling it.
@@bigscarysteve that’s a waste of money. How do you know?
@@kingmichaeln1 I know because Mark said so elsewhere in the comments on this video.
I always laugh at people's business suggestions sometimes...add a gas station Red Lobster ect😮💨
Is the Bud Light stuff real?
Our sales for BL definitely decreased
Have you reached out to competitors (of similar size) to see if you can order together to get bulk discounts?
I don't think that would work since they are all in other towns and deliveries and companies would be different..
It's hard to over-emphasize how important the soft skills are in a customer facing positions.
true
Some things don't make money, but they'll cost you business if you don't have them.
Great information
Glad it was helpful!
this is a great episode
Truely interesting
Jello shots in the fridge
Beer expires? I didn’t know that.
Me either! So does soda!
@@investfourmore Bottled water has an expiration date on it too. Since when does water expire? That's solely a result of idiotically-worded laws.
@@bigscarysteve only thing I can 5hink of is plastic degrades over time?
Why don't you put a car wash where the manager would put a gas station?
Good video
Leinenkugal!!😊
Put a coin three bay car wash behind that store.
Sell propane canisters
Wassup
Waz happenin
that garbage can next to the tobacco is ripe for inside theft
They are going to steal the garbage can?
@@investfourmore they steal things by putting them in the garbage bag.
@@jenniferwilson3489 Do you mean theft by the employees?
@@bigscarysteve yes
Not turning the city into a bunch of drunks?
Apparently he hates it when the neighbors to his hoarded properties do drugs but has no quarrel with making money off them.
@@myster.eI won't be suprised if we find out he's part of some drug ring.....
@@myster.e when did I say anything about that?
Would you rather people drive 10 miles instead?
@@investfourmore I see you're still an awful person
theft
If you need help , message me. I think I could help