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My Liquor Store makes $1M/yr, but I earn ____

Cory Weigel

1,268,227 views

How profitable are liquor stores... really?

1 year ago I bought this shop under the impression that liquor stores are one of the best investments you can own.

They're notorious for being essential, in demand, and just a big money-making machine.

Well after a year of re-pricing all my product, hiring a full team to run the store, and upgrading everything I could - I'm here to uncover the age old myth...

Do liquor stores live up to the "cash cow" status everyone makes them out to be? Or are they an overrated business model now passed their prime?

Thank you all for the support on here recently...

Would mean the world if you hit the sub - big plans in the works for this channel!

Find me on Instagram: https://www.instagram.com/coryjweigel...

Email: contact@coryjweigel.com

20 Comments

@coryjweigel Creator 2 months ago (edited) Pinned

Here's the secret...

I bought this place with little to no money out of pocket (leveraged) - $40k/yr is a pretty good return on the cash I have in

The equity earned in the first year was fairly substantial

THESE are where the real money is made👍

Hope yall enjoyed the transparent look at all this. What else do you want to see?👇

@ku22in 2 months ago

You should do vehicle storage out back. Boats, trailers, etc. self storage is a great stream of revenue

@Nick351W 1 month ago

Weekly food truck / Farmers market in the summer, winterized boat storage in the winter for the lot!

@matthewmartin5599 2 months ago

When you close out that debt though you are going to be pulling in 3x your current salary

@cadentobin453 2 months ago

You can turn that lot into a UHaul dealer lot. They keep trucks and trailers back there, and all you do is rent and return trucks. All vehicle maintenance, software, sales systems and towing is done through uhaul. You literally just need a parking lot and a computer to run the POS system

@traderz4788 2 months ago

This guy shows the truth of most small businesses glorified hamster wheels

@Marian_123mnop 1 month ago

You could build a bunch of storage units in the yard, they run by themselves and you could automate rent with a simple website. Also, in most states, after like 1,5 months of unpaid rent, you can legally keep what’s in the storage.

@nikeetkumar4078 2 months ago

While the immediate cash flow might seem low, remember that the $73k includes principal repayment. You're building equity with every payment; once the debt is cleared, that full amount turns into pure profit.

@realssain 2 months ago

bro is bribing alcoholics with alcohol to do promos 0:34 big corps should take notes from you

@cookedmarbles4888 2 months ago (edited)

For that backlot, if it's large enough, you could probably rent it out for semi trailer storage

@Triumph_RBX 2 months ago

a trailer park behind the store would print

@BELLEVERIC 2 months ago

You just got a sub man. So satisfying to listen to and exactly the content I needed

@htownblue11 2 months ago

Big Liquor store here in Texas called Spec’s..they built their business by bright exterior colors, clean highly lit stores inside, high traffic locations, and always having best sellers in stock. You’ve done fantastic so far. A few minor tweaks to exterior and interior would make the store very welcoming.

@Michael-ud5og 2 months ago

Good breakdown on the business. Thanks for sharing

@NoreagaMan 2 months ago

Too many employees, no snacks and food or non alcoholic drinks and no lotto is the clear loss. Whatever law that prevents liquor stores from selling food and snacks in Alberta is ridiculous.

@KonkinWasRight 2 months ago

This video is a slam drunk... I mean dunk. But really, I love the transparency and how you broke it all down. This will be really helpful to a lot of people.

@ChestnutFarmHome 2 months ago

5:35 Move that racking and whatever is on the floor away from the Emergency Exit door before you get a huge fine or even worse if their is actually a fire and someone can't get out.

@miketanner6258 2 months ago

First thing I thought of before you said anything was self storage…. Not sure how big that lot was but it looks perfect! I seen vehicle storage in the comments anything like that would also work but self storage would be the best in my opinion.

@Baloo357 2 months ago

I used to own 3 liquor stores and two of them brought me in around 85k (Au) (approx 60k us) a year each within a location like yours. The third was on a Main Street with a lot of shops and traffic flow. After taxes that brought me in around 360k a year. I’m now retired. All i can say is with any business … location, location, location.