liquor store investing

[Stephen Touma]

are  there  any  real  investors  for  liquor  store  purchasing   available?   interested  to hear  from  any ,   why is  is    difficult  when   you  have  cash   flow,   credit card  payments,   and    substantial  daily   deposits ?

[Charlie MacPherson]

@Stephen Touma  One thing about a cash business is that you're employees WILL steal from you - and in a liquor store, they'll steal inventory too.

For 11 years, I owned a pack & ship store that also did Western Union and like a complete dope, I refused to believe that people who I genuinely liked and trusted would steal from me.  And then I caught one on camera stuffing $7,000 in Western Union money into his pocket and walking out the back door.

3 years later, we finally went to court.  The prosecutor said we had a very weak case because the store's manager who was on duty when the theft happened was fired right after I sold the store (at a $58,000 loss). 

Guess why he was fired?  That's right - the new owner caught him stealing money.  We settled for the cost of my insurance deductible of $500 and that vermin walked away scot-free and kept $6,500.

Be absolutely certain you have very good cash control in place.  Audit every cash register every day if not every shift.

If the numbers aren't adding up, don't trust your heart and chalk it up to cash register user errors like I did.  Trust the numbers and fire/prosecute instantly.

Remember - this is not passive income.  You're buying a job - and I hope you like it, because it's almost impossible to take your hand off the wheel.

Good luck!