Here's how much it costs to open a bottle shop like Liquor City, Tops, or Overland Liquors | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

South Africans drink a lot of alcohol - and dozens of businesses exist to take advantage of this. Many of these are franchises that are turnkey booze businesses. | News24_Business

that it alone contributes around R18.5 billion towards SA's fiscus in excise duties, PAYE, VAT, and income tax.

Many of these businesses live in closed ecosystems - they're either run by a corporate head office or, in the case of some supermarket liquor outlets, paired only with an existing supermarket franchise. This, together with logistical tasks like obtaining licenses, forming partner agreements, and organising cash collections, makes opening a new liquor store in a prime location difficult, but not impossible.

Liquor City opened its first store in South Africa in 1994 and became its largest independent liquor group. It only began franchising the brand in 2007, and since then, many stores under its umbrella are now franchisee owned and run.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 4. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes