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If you run a hospitality business in British Columbia, eventually you’ll have questions about or require assistance with BC liquor licensing issues: applications, renewals, inventory, staff training and compliance.It takes experience to understand and fulfill the liquor licensing requirements of various operations, and it’s a time consuming and costly process, particularly if it’s not done correctly.
While liquor business owners and managers are capable people, they are frequently too busy running their business to manage licensing, compliance, and strategy. Businesses often hire a hospitality consulting firm with liquor licensing experience to do the time-consuming and sometimes complicated work. By doing so, owners and managers free up their time and can be confident that the job is done right.
What is Hospitality Consulting?
Hospitality consulting companies typically work with any business in the hospitality sector: hotels, casinos, resorts, cruise ships, entertainment venues, private liquor and wine stores, restaurants, pubs, lounges, manufacturer’s tasting rooms and other businesses that make, serve or sell alcohol.
How Thrive Hospitality Consultants Work with BC Liquor Licensees
Thrive Liquor & Cannabis Advisors works with BC liquor licensees at every point along the business lifecycle from start-up to the sale of the business and every point in between. Many liquor licensing consultants provide liquor license application and renewal services, never to be seen again once applications are approved. Thrive’s consultants often work as part of the business’s team well after licenses are secured and the business is up and running.
We work with hospitality-sector businesses at pivotal points of growth or change:
Liquor Business Startup
Start-ups usually require local market research, municipal and provincial licensing requirements research and application completion, business layout/floor plan and build management, inventory selection, staff training, and marketing.
Existing businesses hire our BC liquor licensing consultants for license renewal, license change applications, inventory audits, compliance audits, staff training and strategic planning.
Businesses Changing Ownership or Management
When a BC liquor business changes ownership or management, our consultants are sometimes hired prior to the sale to assess the continued viability of the business, including reviewing financials against industry benchmarks, inventory, and operations. The new business owner may want to “optimize” the business for profitability, remodel, offer other services, cut expenses, and/or train a new roster of employees.
Businesses Remodelling or Adding Other Service Areas
When a business wants to remodel or add other service areas, our hospitality consultants ensure that provincial and municipal licensing requirements are fully understood and met. Because our consultants have experience with many types of liquor businesses, we provide guidance based on real-world experience.
Businesses at End of Life
When a business is at the end of its life, owners may want to sell their operation, inventory, equipment and other assets, or reduce their hours and become semi-retired by finding a partner-manager.
Chat with a Hospitality Consultant About Your Liquor Business
If you require help with BC liquor licensing, operations, or strategy, Thrive Liquor & Cannabis Advisors can make running a business, and succeeding in business, easier than you think! If you have questions about our hospitality consulting services, or would like to find out how our consultants can help you, take advantage of our free consultation!