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Oprning an off license

  • 26-11-2008 6:29pm
    #1
    evxx
    Closed Accounts Posts: 7 ✭


    Just want to know how this industry is at the moment,has sales decresed or just leveled off?whats the cost of the license to operate such a business?


Comments

  • #2
    sm.org
    Closed Accounts Posts: 456 ✭✭sm.org


    Are you sampling potential products right now?


  • #3
    TechieEddy
    Closed Accounts Posts: 185 ✭✭TechieEddy


    Are you sampling potential products right now?

    :)


  • #4
    evxx
    Closed Accounts Posts: 7 ✭evxx


    yea im completly drunk right now:confused: iv been sampling all week now,its great fun you should try it?


  • #5
    elgransenor
    Closed Accounts Posts: 117 ✭✭elgransenor


    evxx wrote: »
    Just want to know how this industry is at the moment,has sales decresed or just leveled off?whats the cost of the license to operate such a business?
    I sold one for €172k a couple of years ago.I would say the price has softened since that due to the decimation of the pub business so they would be freely available and you would probably pick one up for 150-160k now given the difficulty of raising finance and the shutting down of pubs all over the place.
    The licence is a pub licence which you transfer.


  • #6
    DubTony
    Registered Users, Registered Users 2 Posts: 3,267 ✭✭✭DubTony


    Last licence price I heard was 140K. I've been told they are still falling. Off-licence business is tough at the moment. The multiples (supermarkets) are still using the stuff as loss leaders, which could bring interference from government as the "spirit" of the new regulations isn't being adhered to(retailers agreed to curb promotioms but it doesn't seem to have happened). This could be good or bad for off-licences. It's hard to know. The legislation seems to be designed to push business back to the pubs (no surprise there).

    I heard recently that Eurospar in Tallaght (Kiltipper, I think) is / was pretty much a glorified off-licence, and when a pub opened across the road his booze business, and hence most of his business, disappeared.

    It's a tough business at the best of times. Good luck if you decide to go ahead with it.


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