Merchant Cash Advance Blog

“It is the successful retailer that has learned how to play the game of give and take with their suppliers.” – The Balance

Alcohol is an integral part of many small businesses and restaurant, bar and liquor store owners need to stay current with the latest trends to keep the booze, and cash, flowing.  To increase alcohol sales, you need to know what your customers want and be able to offer something unique.  Here we take a look at five top trends dominating the alcohol industry.

The most successful liquor store owners keep their fingers on the pulse of entertainment and dining trends in their local area as well as changes in beverage tastes nationwide. They plan strategically for annual events - big beer orders before football season and liqueurs for the winter holidays all while also being able to move quickly when an unexpected purchase opportunity is presented.

Competing with large retail liquor stores can be a challenge for small businesses as they often hold an advantage when it comes to price and selection.  To make up for that, owners of smaller stores need to focus on the customer experience, marketing and their local community.  Here we’ve identified 5 ways to increase liquor store revenue.

Alcohol trends have an impact on a wide variety of industries including restaurants, bars, liquor stores and retail establishments. Having a healthy knowledge of trends, traditional spirits, new brands and the latest cocktails is a must for small business owners who’s sales are alcohol driven. Regardless of your industry, these are 8 trends in the world of alcohol that you should become familiar with.