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If you have a liquor store for sale in BC or if you decide to sell a liquor store in the future, a do-it-yourself approach can land you in hot water or wind up wasting your precious time and money. One of the biggest problems when selling a liquor store yourself is that you may not know all the LCRB rules and regulations required to even sell your license. This combined with the fact that you may be contacted by many unvetted buyers: looky-loos, flakes, low-ballers, and the like. Occasionally, you’ll get a nibble from a serious buyer, only to find that your store is not what they want, or in a location they don’t like, or, or, or…you get the picture!
Sell a Liquor Store Yourself
If you’re determined to do it yourself, you can list a liquor store for sale in BC online classified ads or trade magazines.
Craigslist & Kijiji
Craigslist and Kijiji list many different types of businesses for sale, but because so few liquor stores are advertised on either website, few motivated buyers look there. Ads are cheap, and often so are potential buyers, many of whom won’t be a good fit, if they fit at all!
Buy & Sell Websites
There are numerous online business classified services such as BusinessesforSale.com. While you may get some leads there, much like Craigslist and Kijiji, you’ll spend most of your time fielding questions from the curious rather than the serious.
Trade Magazine Ads
There are many liquor and business trade magazines that offer online advertising opportunities. The trick is in finding a magazine that gets good distribution and has the right audience. All trade publications will boast about readership or unique visits as a way to entice you into an ad purchase. Be aware that’s when selling a business, the quality of the person reading your ad is as important as the quantity. As with most online advertising, interest in your business doesn’t necessarily mean it will sell.
Sell a Liquor Store with the Help of a Thrive Liquor & Cannabis Advisors
While we do have a vested interested in saying so, based on experience, it’s always wiser to work with a trusted advisor who understands starting, buying or selling a liquor store in BC, and who is well-connected in the industry. Thrive has pre-qualified leads. We confidentially connect sellers with buyers that are serious and motivated and work with you, on your behalf from start to finish through the process. Thrive can help with guidance around the rules and regulations attributed to your license, its other assets and how to count the inventory once a closing takes place.
Buying a Liquor Store or Liquor Store License: The Flip Side of the Same Coin
Thrive Advisors also helps connect buyers with sellers. We then help facilitate the sale by auditing the liquor store that’s for sale and providing feedback and guidance to the buyer.
Once the sale is finalized, we can help with many aspects of starting a retail liquor business, including:
- Liquor license renewal
- Liquor store layout planning
- Liquor store redesign planning
- Applying for permits and applications
- Creating policies and procedures manuals
- Inventory consulting and auditing
- Annual compliance audits
- Liquor store employee recruitment
Do You Have a Liquor Store for Sale in BC? Get Thrive on Your Side
If you have a liquor store for sale in BC, contact Rebecca, CEO and Lead Consultant at Thrive Liquor & Cannabis Advisors. Take advantage of a free 30-minute consultation where you can ask questions and get more information about our services.