From Tat to Vino!

[minestrone]

Girly has been telling me for years above 50 units a week and you are going to eventually hit a problem, I have been drinking 50+ for a couple of decades and I can still run a marathon and hold down a 6 figure salary.

[HairyArsedBloke]

It does look like a sector with an uncertain future. Figures the other week show consumption is falling. There has been governments with odd ideas. Diageo came out with really stupid suggestions. Wetherspoons have chipped in too saying that the government should have a go at non-pub retails.

[AtW]

Specialist & Premium will be the natural diversification for an independent retailer.

Maybe selling £10k+ bottles of wine to City gamblers can actually work (so long as casinos are still running), but outside who can be sure?

In the last 5 years a few wine shops gone bust on high street - supermarkets sell booze way too cheap, maybe if Govt imposes minimum sale price per unit it could work, but it probably won't.

[MarillionFan]

Maybe selling £10k+ bottles of wine to City gamblers can actually work (so long as casinos are still running), but outside who can be sure?

In the last 5 years a few wine shops gone bust on high street - supermarkets sell booze way too cheap, maybe if Govt imposes minimum sale price per unit it could work, but it probably won't.

So......

You have to remember that a Wine Shop/Off License doesnt just sell booze.

Categories would be

Wine
Spirits
Beer
Ciders
Champagne
Gift Boxes(Spirits/Champers)
Non-Alcoholic Drinks
Carbonated Drinks
Energy Drinks
Fruit Drinks
Mixers
Cigarettes
Cigars
Rolling Tobacco
Matches/Lighters
Confectionary
Crisps
Gift Boxes(Chocs)
& possibly
Ice Cream
Greeting Cards/Gift Wrap
& Teddy bears for those dads who got pissed the night before and shagged a hooker have been kicked out of the house and now buy a toy with their Vodka on the way to their weekly visitation rights.

[HairyArsedBloke]

I've just had a think. Way before I got poorly, when I was living it large.

I think I was doing around GBP 5000 pa on booze!

[AtW]

You have to remember that a Wine Shop/Off License doesnt just sell booze.

I'd strongly recommend you to stick to your core competences - wielding multiple sockies on here and also making bedwetters cry.

[mudskipper]

I'd strongly recommend you to stick to your core competences - wielding multiple sockies on here and also making bedwetters cry.

The offy could sell pampers - I'm sure I read somewhere that your average dad shops for beer and nappies.

[MarillionFan]

The offy could sell pampers - I'm sure I read somewhere that your average dad shops for beer and nappies.

That is a brilliant spot! And very true(unless it is urban myth that I was taught as a consultant to believe!).

Back in the days this was used as an example in the industry for the benefits of data capture/loyalty cards. It was discovered that there was an a correlation in the increase of beer and nappies in the early evening. On further analysis, it was discovered that dads where popping in and buying both beer and nappies. So a beer shelf was placed nearer the nappies and lo and behold a significant percentage increase in both.

[MarillionFan]

I'd strongly recommend you to stick to your core competences - wielding multiple sockies on here and also making bedwetters cry.

Go to bed AtW. The adults are talking.

[MarillionFan]

Rightio the figures are in. Who wants to invest?

Looks like the existing business does £240000 per annum. It is open for 72.5 hours per week and operates 60% of the time under one member of staff who is probably on 30% more than average wage. The other 40% there are two staff. It is believed that the upside would be another 20%.

The GP is approx 28%.

The property is on the market for £210,000 and is rented out at £18,000. By buying the freehold I do not have to pay the rent. The amount borrowed would be at an average rate of 0.48% above base. The rates payable are £3600 per year.

Assuming business insurance of £1000 per year & bills at £3000 per year, based on myself working 40 hours per week and covering with staff the rest of the time, would I be better off purchasing the freehold, walking to work & working there myself or would I be better off contracting at an average rate of £400 per day for 42 weeks per year and commuting?