Liquor Store For Sale In South Africa
What is Liquor Store?
A liquor store is a retail shop that predominantly sells prepackaged liquors – typically in bottles – usually intended to be consumed off the store’s premises. Depending on region and local idiom, they may also be called an off-licence, off-sale, bottle shop / bottle-o liquor store or other similar terms.
Liquor Store For Sale In South Africa
Find liquor store ads in the Businesses For Sale section. Search Gumtree free online classified ads for liquor store and more.
Frequently Asked Questions
Is owning a liquor store profitable in South Africa?
Even with the high taxes on liquor sales, people still buy alcohol regularly. A liquor store can be a highly profitable venture, especially if you go the franchise route in which the franchisor helps you through the entire set-up process.
How much money do you need to start a liquor 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?
On average, liquor stores tend to have an overall profit margin of between 20% and 30% annually [4]. There are pros and cons to aiming for higher profit margins since you’ll need to charge customers higher prices for your products, which might not make your store as appealing as a lower-priced competitor.
Do bottle stores make money 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 much is a liquor license in SA?
A liquor license in South Africa typically costs between R1,500 and R4,000, depending on the type of license and the location of the business. For a restaurant or bar, the cost is usually on the higher end, while a liquor store may be able to get a license for the lower end of the scale.
How long does it take to get a liquor license in South Africa?
Make sure you know what is included and what is excluded in the quotation. Apply as soon as possible because a Liquor License Application can take a long time. (4-6 months or longer) You can apply on an existing premises or on a stand on which there is no building yet.
Where can I get a liquor license in South Africa
Your local Municipality`s Planning Department or Land Use Department can confirm the suitability of a premises for an application for a specific Liquor License, should it be a Liquor Store, Restaurant, Tavern, Club or any other Liquor License.
How do I get a license to sell alcohol in South Africa?
The liquor license requirements are certified copies of IDs, business registration forms, proof of address, and premises layout approved by the municipality. You will also need a tax clearance certificate and a BEE certificate, if applicable.
How much does alcohol make in South Africa?
The alcohol industry contributes R172 billion or 3% of GDP to the South African economy. South Africa’s GDP declined by -8% in 2020 according to StatsSA and the alcohol industry contributes R172 billion or 3% of GDP to the South African economy.
How much is a liquor license in SA 2022?
The cost is between R15,000 and R25,000. The New Liquor Act, which went into force earlier this year, served as the foundation for these. It must be demonstrated that the targeted region needs a liquor store.
Can you lease a liquor license in South Africa?
The practice of renting a liquor license is unlawful and can result in the closure of the business and the possibility of further legal action.
Can I get a liquor license to sell from home?
Therefore you cannot apply for a liquor license on a residential property. The only way to ensure that your land use right is acceptable for an application for a liquor license is confirmation from your local Municipality (planning department or land use department).