As a liquor store owner, you will encounter many obstacles. From stocking the trendiest beverages to facilitating overhead requirements, you will need adequate working capital to keep the business operations running. A merchant cash advance for a small business is a hassle-free financing solution that helps to make things happen when and how you want them to. Here are some of the ways a cash advance can help.
Purchase Inventory and Expand
When customers walk into your store, they hope to find the shelves stocked and not half empty. Running a liquor store on low inventory is a recipe for disaster. With timely liquor store financing, you can do away with a long application process as well as the strict documentation process and instead use future receipts to purchase inventory today. You can also choose to add a new location, change the store itself or expand the place.
Renovate and Increase Your Services
Your liquor store will need regular maintenance, upkeep, newer equipment, renovation, and even better space to keep your customers coming back. With funds at your disposal, you can even add even a bar area for customers to stay longer or even serve food. Whatever innovative idea you may have, liquor store financing can make it happen. By investing your future money today, you can expand, grow and increase sales.
Hire Staff and Grow
If you’ve expanded your business, the next step is to hire staff. Additional employees equal additional expenses. This can be especially tough with a business that experiences highs and lows during seasons. With a cash advance, you can pay your staff, which in turn will help to increase the revenue and sales. Add a beverage consultant to your payroll and expand the wine section, and you’ve got a chance to beat the competition. A Merchant cash advance for small businesses can provide flexible, affordable, and fast solutions for your liquor business.
2020 Mantis Funding. All Rights Reserved