Friday, September 29, 2023

How do you open a state liquor store? Know the cost, profit and how the license registration will be done

How to open a state liquor store: If you want to start your own business and don’t understand it. Whatever business you start, you can start the most widespread business in the world, selling liquor.

The highest income is made in the liquor business, this business runs for years and never stops. At any party, festival or even on everyday days, the liquor vendors are always crowded.

When you travel to any state of India, you will always encounter crowds in the shops. Anyone who wants to open a contract business can use this to create a cost estimate. How much more profit does starting a government contracting company bring?

If you want to open a government contract, you must follow the eligibility requirements, rules, etc. prescribed by the government. The central government has more control over government contracts, but the state government has less control.

How to open a state liquor store

The government allows the opening of two types of contracts: private contracts and government contracts. The guidelines for applying for licenses for both contracts are the same.

Opening a contract requires a lot of hard work and a lot of money also needs to be invested. If you know the entire process of opening the contract from the beginning, it will be easy for you to get the license.

Types of State Liquor Sales

As we all know, there are different types of liquor available in the stores. There are different costs for opening local and foreign liquor stores.

  • State Country Spirits Contract

Friends, as we all know, even today people in villages and remote areas prefer to drink country liquor. There is a demand for country liquor in some states of India as it is cheap and also costs less.

If a person opens a local liquor store, his expenses will be less than foreign liquor stores. However, you should complete the contract according to the requirements of the people in your city, otherwise you may have to suffer big losses.

  • Foreign Liquor Contract

In all states, foreign liquor sellers can be seen at a distance of 4 to 5 kilometers. Because as time progresses, city dwellers demand foreign spirits.

You can earn good money from foreign liquor contracts if you want to apply for foreign contracts. So it may cost you more money as the foreign contract license also becomes very expensive.

Total expenses for entering into a state liquor contract

In order to open a liquor store, you not only need to obtain a license, but you also need to take other precautions. In addition, additional fees apply for accepting the contract.

So for this you have to spend according to the contract. If you do a government contract, it will cost 30 to 40 lakh rupees. And of course, if you do a foreign contract, it costs 50 to 70 lakh rupees.

State Liquor Sales License

The document required to open a state liquor store is a license. If you don’t have a license, you can’t sell. If you are caught without a license, you could face hefty fines and even prison time.

If you want to open a liquor store, first obtain a license to sell liquor. There are two types of licenses.

1. On-site license –

There are two types of liquor contracts, one of which is such a liquor contract. Where you can sit and drink the liquor after buying the liquor. There is no hotel or restaurant there, only a small arrangement is made.

To obtain a license for this type of contract, an on-site license must be purchased.

2. Offsite License

You can make money by simply selling liquor under liquor contracts. Such contracts exist everywhere. If you want to open such a contract, you must apply for an off-site license.

Documents required to open a government liquor store

  • Aadhar card
  • Pen card
  • Caste residence certificate
  • Proof of address
  • Bank details
  • mobile number
  • Reference certificate
  • Business information
  • Online banking
  • Stock information
  • Income tax return documents
  • Information about where the contract is opened
  • Land documents
  • I certificate
  • Business pen card
  • GST number
  • Shop number

How is a license to open a state liquor store registered?

To get a license to sell liquor, you need to register for the license with the excise department. Liquor license costs between Rs 1 lakh and Rs 6.7 lakh.

Here you can purchase a restaurant bar license, a hotel bar license, a resort bar license and a civil club license. And purchasing the alcohol costs Rs 4 to 8 lakh.

Take advantage of state liquor contracts

There is a lot of profit in the liquor business. Many people can make a profit of Rs 2 to 7 lakh per month by selling wine, whiskey, beer and branded liquor.

Since it is not easy to open a liquor store in India, permission must be obtained from the excise department to open a liquor store.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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