🧠 Valuation Insight: Liquor Stores Aren’t Just About the Bottom Shelf

Ā šŸ· Liquor store valuations are often oversimplified—but they come with unique risks:

  • Inventory misclassified or misvalued
  • High reliance on cash sales or unrecorded revenue
  • Unrealistic gross margins compared to industry benchmarks
  • Owner’s lifestyle expenses flowing through the P&L

šŸ“Œ Inventory cycles, weekend labor coverage, and shrinkage all matter when estimating cash flow.