How Much Does It Cost To Open A Bottle Store In South Africa?
The cost of starting a new Liquor City store varies according to size and location. The average store costs between R1. 7 million to R2 million. There are fewer costs incurred if converting from an existing store.
Is owning a liquor store profitable in South Africa?
South African liquor stores have the highest turnover in the country, a new report by retail software platform Vend found. The Retail Benchmarks Report for independently operated stores found that South African liquor stores have an average monthly revenue of R506,251, followed by shoe stores with R325,015.
How do I get a liquor store license in South Africa?
Premises. You need premises before you can even apply for a Liquor License.
SARS clearance. Apply for your Tax clearance certificate at SARS.
Liquor License. Contact a reputable Liquor License Consultant to give you a quote clearly confirming all costs.
Start planning your shop. Decide on your target market.
Budget. You only require a license if you are selling or supplying alcohol for people to drink. … However, it should be noted that running a ‘cashless’ bar (where a bar at an event supplies alcohol for free, which is then paid for by the event organizer or customer at a later date) would require a license.
How do I open a liquor store?
Create a Liquor Store Business Plan.
Find a Location.
Form a Legal Entity.
Set Up Business Accounting & Banking.
Acquire Permits & Licenses for Selling Alcohol.
Get Your Liquor Store Insured.
Create Your Liquor Store’s Brand.
Launch a Website.
What are the requirements for a liquor license?
Liquor Licence application forms filled out in triplicate.
Board of Inland Revenue File (BIR) Number.
Floor plan of premises to be licensed.
Valid Police Certificate of Good Character of owner/applicant.