Friday, January 21, 2022

How To Open A Liquor Store In New York State

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Why are liquor stores considered an essential business?

Yes, Sections 106.6 and 105.22 of the ABC Law prohibit gambling in businesses licensed for consumption on and off the premises. This includes social, casual and professional gambling. Exceptions are the sale of lottery tickets when licensed by the Division of the Lottery and bingo or games of chance when authorized by the State Racing and Wagering Board.

Need To Know How To Get A Liquor License In New York State

For years, when people need to know how to get a liquor license in NY State, they’ve relied upon the experts at New York State Liquor Authority Consulting. We have assisted in the processing of well over 6,634 approved liquor license applications. Save yourself time, money, frustration and having to do the whole process all over again.

Can Customers Bring Home A Bottle Of Wine From A Restaurant

New York state liquor laws allow for the removal of one partially consumed bottle of wine if the restaurant has the appropriate wine or liquor license, the bottle is purchased in connection with a full course meal, the patron consumes a portion of wine with the meal, the wine is securely resealed, placed in a one-time-use tamper-proof transparent bag, and a dated receipt for the full course meal and wine is provided to the patron.

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Step : Open A Business Bank Account & Credit Card

Using dedicated business banking and credit accounts is essential for personal asset protection.

When your personal and business accounts are mixed, your personal assets are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil.

Additionally, learning how to build business credit can help you get and other financing in your business’s name , better interest rates, higher lines of credit, and more.

Open a business bank account

  • This separates your personal assets from your company’s assets, which is necessary for personal asset protection.
  • It also makes accounting and tax filing easier.

Recommended: Read our Best Banks for Small Business review to find the best national bank, credit union, business-loan friendly banks, one with many brick-and-mortar locations, and more.

Open net-30 accounts

When it comes to establishing your business credit, net-30 vendors are considered the way to go. The term “net-30,” which is popular among vendors, refers to a business credit arrangement where the company pays the vendor within 30 days of receiving goods or services.

Net-30 credit terms are often used for businesses that need to obtain inventory quickly but do not have the cash on hand.

Besides establishing business relationships with vendors, net-30 credit accounts get reported to the major business credit bureaus . This is how businesses build business credit so they can qualify for credit cards and other lines of credit.

Should I Hire A Liquor License Attorney

Are Liquor Stores Open on New Year

Despite the application process being fairly easy and straight forward, the specifics of the laws and the proper use of your license can be confusing at first. If you are concerned with any part of the liquor license application process do not hesitate to contact us through this website.

The New York State Liquor Authority Homepage is a good place to start and consulting a law professional can help you to understand the specifics of the ABC laws and various permit and license types.

Many offer free consultations or seminars and since they understand the laws associated with the application process, they can generally help expedite the entire process.

Of course, hiring a Liquor Licensing Attorney is the more expensive route to take initially, but it can help you get your license quicker and it can help you avoid making a mistake on the application that could force unwanted, costly delays.

Many people ask How much does a liquor license cost? That depends on the type of permit you are applying for.

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Set Up Business Accounting & Banking

An important step to opening your liquor store is to ensure that all of your finances are in order. Youll want to choose a bank and open business accounts to run your business from. You may also consider opening a line of credit for your business.

Hiring a business accountant to consult with is a smart move here, especially if the finances of running a business are completely new to you. Its much better to go in the right way rather than making a mistake that could cost you.

Write A Business Plan

Before you get to setting up your business, you’re going to need to write a business plan and do quite a bit of research. Like we mentioned, liquor stores are some of the most difficult businesses to start and keep running so you want to make sure you do your due diligence before launching your business. If you’re buying a liquor store that’s doing well already, this step will be easier than if you’re building one from the ground up and just starting one.

Your business plan, whether you write it on your own or use a business plan template, should include market research showing that there is a strong demand for a liquor store in your area. If there are competitors, you should also do your research on them, what they offer, and how you can do it better.

You should also consider where you’re going to source your products from. When you’re putting together your business plan for opening or buying a liquor store, among your biggest factors will be inventory. But in the liquor store business, your inventory considerations will kill your business if you don’t know how having fully stocked shelves factors into the way customers perceive your shop among the landscape of others.

Your plan should include details on where you’ll get funding, when you plan to turn a profit and other financial projections, the organization of your business, and the marketing and sales plan you have.

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Alcohol Sales Age Regulations

In most states the legal age for serving alcohol is 21. That can change and dropped to 18 in some situations. Like where food is involved. There are other exceptions. Over half of the states allow minors to consume alcohol during a religious ceremony.

Serving alcohol to a minor in your bar is illegal. In states like Florida you can be held responsible for any damages or injuries caused. More penalties can be doled out to the person who holds the liquor license.

When Are Liquor Stores Open Over New Year’s 2022

Flocking to liquor stores amid COVID-19

New Year’s Day – January 1, 2022 – typically has some lenient rules when it comes to purchasing alcohol.

Majority of grocery stores will remain open for the holiday, including places like Target and Whole Foods. Hours may vary depending on location, but will typically run as normal.

Some grocery stores that sell alcohol that will be closed on New Year’s Day include Trader Joe’s, Costco, and ALDI.

According to Holiday Shopping Hours, “Some stores and malls will open late on New Years Day. Restaurant hours vary. Most convenience stores will be open regular hours on January 1.”

There are a few states that limit the sale of alcohol on New Year’s Day, however, including:

  • Alabama

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Build A Marketing Strategy

Further expanding on your stores brand, youll want to create a sound marketing plan to get your business up and running. Build upon your web presence by creating a Yelp, Facebook, and Instagram page to advertise sales and new products.

What kind of signage will you have in and around your store? Will you send out mailers to homes in your neighborhood? Will your store host events such as wine tastings or cocktail mixing lessons? These are the types of questions you should answer with a solid marketing plan.

How Much Does It Cost To Open A Liquor Store

If you want to start a liquor store, you can expect to spend between $50,000 to $100,000 minimum. The costs will range from items like inventory and equipment to staffing and legal requirements. Heres a breakdown of a few of the items.

  • The money liquor store owners need to stock shelves can add up to $35,000. Youll need a good selection of beer, wine and liquors.
  • Renovations like new racking and shelves can run up to $20,000. These can be an expensive purchase.
  • Insurance like Workers compensation and liability can set you back $2,400 in premiums.

There are other costs to opening a liquor store. But these give you a place to get started.

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Are There Any Dry Counties In New York

New York does not have any dry counties . However, individual cities and towns are permitted to become totally dry, by forbidding any on- or off-premise alcohol sales, or partially dry by forbidding one or the other or by prohibiting only beer, wine or spirits. Currently there are a very limited number of dry towns in the state, most of which are rural areas in upstate New York.

What Are Some Insider Tips For Jump Starting A Liquor Store

New York liquor stores are considered

The following are some insider tips from individuals who have found success in this highly competitive industry:

  • Hire a knowledgeable attorney. The laws governing the handling and sale of alcohol can be quite complex. A lawyer can assist you in deciphering the language and ensuring no detail is missed.
  • Location, location, location. Your goal should be to open your market in an area that isnt already saturated with competition. But, the locations importance goes beyond that. Depending upon where you live, there could be local laws restricting the sale of liquor near churches, schools, libraries, and hospitals.
  • Open your liquor store near a grocery store that doesnt sell liquor. Consumers like the efficiency of running multiple errands at once. If your shop is near the grocery store, theyre more likely to stop in.
  • Set your business up as an owner-operator establishment. Due to high payroll and inventory costs, this is the most effective way to ensure a profit.
  • Before signing on the dotted line on a building, consider contacting your local chamber of commerce. They can offer valuable insight into the demographic youll be serving and, in turn, how your business should be structured.
  • Maintain a balanced inventory at all times.

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The Modern Consumer Is Smarter Than Ever Before So Be An Expert In Your Field

Before customers get to your store, you can bet theyve already done their research with customer review sites and product ratings. Shopping is no longer something that begins when a customer enters your store often, the experience is almost done by then. With services like Drizzly and Minibar, many customers are even trying to avoid in-person interactions altogether.

Mayer says education is what makes the differencewhether they’re reading reviews, blogs, or something else.

“, people didnt know about wineries,” says Mayer. “Now people check on ratings. People check on deals. People check on how the wineries are doing.

When you’re thinking about opening or buying a liquor store, you’ll want to make certain you’re prioritizing your own education. If retailers are going to impress the demands of the wiser and financially savvier consumer, theyre going to have to reach a level of mastery in their field. To stand apart from other liquor stores on the block, Mayer points to his decade-plus of experience in the alcoholic beverage industry. He worked in wineries since the age of 17 before hosting tastings for companies for several years.

“I have a lot of people come especially to me because they know I understand a little how the palate works,” Mayer says. And The Wine Cave’s Yelp reviews prove that if youre looking for suggestions on what to pair with your next dinner or simply a taste of the next exotic spirit, Mayer knows how to pass the taste test.

Step : Obtain Necessary Permits And Licenses

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

State & Local Business Licensing Requirements

You will need to obtain a liquor license from the appropriate state agency. Learn more about licensing requirements in your state by visiting SBAs reference to state licenses and permits.

Most states also require retail businesses to obtain a sellers permit. A sellers permit enables states to record and collect taxes from goods sales.

Most businesses are required to collect sales tax on the goods or services they provide. To learn more about how sales tax will affect your business, read our article, Sales Tax for Small Businesses.

In addition, certain local licensing or regulatory requirements may apply. For more information about local licenses and permits:

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How Much Does A Liquor Store License Cost In New York City

As of 2020, the cost to hold a liquor store license in New York City is $4,098 every 3 years. The first payment must be submitted to the SLA upfront along with the initial application. If the license is disapproved, you will get refunded. Outside of New York City, the cost to run a liquor store sis considerably less: for instance the cost of a liquor store license in Suffolk County, Long Island, is $1,536 every three years. The cost for a wine store license in NYC is $1,920 every three years. See the NYSLA License Retail Fee Chart here.

Pros And Cons Of Owning A Liquor Store

Lawmakers approve dramatic overhaul of NM liquor laws

Pros:

Owning a liquor store offers the opportunity to work in a customer-facing business where you can interact with people in your community daily.

License states allow owners to move more quickly, control states assure you a customer base.

Money in control states can go to benefiting the community and can lower your tax rate.

Cons:

With tight profit margins, liquor stores may be some of the least profitable businesses.

Keeping up with the licenses, rules and regulations may be difficult if they change frequently in your state.

Obtaining a license may be highly competitive and costly in states where theyre limited.

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How To Open A Successful Liquor Store In 2021

Alcohol sales in the United States is a multi-billion dollar a year industry. These types of businesses are highly regulated however. If you have a dream to open your own liquor store, this guide will walk you through every step of the process to ensure that your business is successful and compliant with all laws and regulations.

While this guide is thorough, it still may be helpful to enlist a business advisor or consultant to assist even further.

WHAT WELL COVER:

Acquire A Liquor License And Permits

A liquor license gives your business the authority to serve alcohol. Each state has individual rules for licenses. Some even have quotas on available permits.

Each state has an Alcohol Beverage Control Board overseeing distribution, sale and production. Different state definitions include some of the following:

  • How much you can charge.
  • The amount that you can serve to a customer.
  • Who can be served.
  • Who can serve alcohol and in what kind of containers.
  • The times and places that you can serve alcohol.

The first step is contacting the right alcohol beverage control board.

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Beware Of Imitators When Trying To Figure Out How To Get A Liquor License In Ny State

While New York State Liquor Authority Consulting has assisted in the processing of thousands of approved liquor license applications, and our staff includes former State Liquor Authority officials, there are others in New York State who claim to be liquor license expediters.

In the end, other alleged liquor license expediters may only expedite the money from your wallet.

Liquor license consultants on Craigslist and other websites will claim that they can help you get approved for a NY liquor license, but too often they’ll take your money and never file your liquor license application.

New York State Liquor Authority Consulting regularly works with liquor license attorneys. When you work with us to figure out how to get a liquor license in NY, you can be confident that you’re partnering with trusted, experienced liquor license consultants.

Frequently Asked Questions And Answers

CITY LIQUORS

What did people search for similar to liquor stores open late in New York, NY?

People also searched for these in New York:

What are people saying about beer, wine & spirits in New York, NY?

This is a review for beer, wine & spirits in New York, NY:

“These guys are the best! By far the most reasonably priced place around and they have a great collection of spirits. The local deliveries they’ve started doing since Covid are quick to insanely fast. The in store employees were always good to me when I used to do in store shopping and I can’t imagine the varieties of stuff they have to deal with. After getting their storefront smashed over the summer they kept going and even offered discounts. I’m so glad they’re still there after this past year of hardships and hope they will stay for many years to come!”

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In What Instances Will Criminal Convictions Or Administrative Actions By The Sla Disqualify My Application

Individuals not eligible for a license include: a person convicted of a felony in NYS, including felony DWI a person convicted of a crime in another state or federal jurisdiction which would translate to a felony conviction if committed in NYS a person convicted of misdemeanors under sections 230.20 or 230.40 of the NYS Penal Law or 1146 of the former NYS Penal Law a revoked license will disqualify the licensee for a period of two years if the revoked licensee was a corporation any officer or director may also be disqualified.

Note: If an executive pardon or a certificate of relief from disabilities is obtained, the convictions are no longer disqualifying in and of themselves, although all convictions may be considered as part of the total merit of the application.

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