The Advisor Magazine: Issue #30

As the second half of the year kicks off so does the liquor industry.
  • if a thriving nightlife is possible for Boston;
  • the future of online lottery;
  • where to focus your marketing dollars to capitalize on trends;
  • how to e-commerce is shaping up into 2027;
  • lease numbers for Boston retail;
  • and more!

Summer Travel Impact On Business

Some Key Takeaways On How To Make The Most of Summer Travel

With summer now in full swing, many restaurant and liquor store owners are faced with the same question: what will this season look like for my business? Will people hop on a plane or into their cars to seek adventure far away from home, or will the rising costs of fuel, food, and nearly everything in between cause people to stay closer to home? Recent travel reports reveal that while many remain enthusiastic about travelling this summer, embracing a pandemic-free season, travel plans may look a little different this year due to continuing inflation concerns. Restaurants and liquor stores, like most other businesses, are also faced with the consequences of inflation, and if you are a business owner you know that keeping your hand on the pulse of who your customers will be this summer (and how long they will be staying) has never been more important.

To read the full article – check out The Advisor Magazine – Issue 29.

 

Customer Service and Consumer Habits For Retailers

Premiumization Levels Off In The Face of Inflation

A recent BevAlc Insights (by Drizly) report comments on the “premiumization trend” that surfaced during the pandemic, referring to when “consumers were trading up to higher-priced products across the beverage alcohol spectrum”, a trend that lasted well into the past year. As nights at home became standard during the pandemic, many upgraded their typical selections at the liquor store or online ordering platform to treat themselves.

To read the full article – check out The Advisor Magazine – Issue 29.

 

SUMMER SIPPIN’ & POPULAR RTDs

Here are the top 5 most popular drinks for Summer 2023

A recent BevAlc Insights by Drizly report reveals that in the past 12 months, Drizly has seen over 400 new RTD cocktail SKUs (stock keeping units) added to their catalog! Clearly, growth in this category is not slowing down any time soon. Local businesses should take note, because “By location, Boston; Northern New Jersey; Long Island, New York; Nashville; and Providence, Rhode Island all over-indexed on RTD sales on Drizly in that [12 month] time period”.

To read the full article – check out The Advisor Magazine – Issue 29.

 

Boston Liquor License Sticker Shock?

The newly established View Boston’s restaurant and lounge just paid $600,000 for their full liquor license, a price tag that has turned some heads. It seems that the price of full liquor licenses in Boston is currently at an all-time high, with the city’s restaurant and bar scene looking much different post-pandemic, as many establishments closed their doors. However, many new restaurants and bars have begun to open their doors, although who exactly is able to open these doors is resulting in some controversy.

To read the full article – check out The Advisor Magazine – Issue 29.

 

The Advisor Magazine: Issue #29

Celebrations all around this Summer with some new takes on the same old issues.
In Issue #29 of The Advisor, we discuss:
  • Boston liquor license price raises eyebrows;
  • consumer habits for retailers this Summer;
  • Summer travel impact on liquor businesses;
  • what drinkers are spending their money on this Summer;
  • and more!
Click Here To Read The Advisor – Issue #29.

The Advisor Magazine: Issue #28

Just when we think we are past some of the issues in the industry, here we are, again.
In Issue #28 of The Advisor, we discuss:
  • unlimited licenses for food stores;
  • surcharges and concerns for on premise;
  • City of Boston bottle service advisory;
  • what to stock up on for Summer;
  • and more!
Click Here To Read The Advisor – Issue #28.

The Advisor Magazine: Issue #27

We work hard to keep you in the loop.
In Issue #27 of The Advisor, we discuss:
  • where the market is for liquor stores;
  • direct-to-consumer and e-commerce claiming market share;
  • Massachusetts lottery may be going online;
  • is tequila still hot or not;
  • and more!
Keep in touch with what’s going on in the liquor industry.
Click Here To Read The Advisor – Issue #27.

The Advisor Magazine: Issue #26 –

Spring is in the air and bringing new energy into the liquor industry.
In Issue #26 of The Advisor we discuss:
  • Consumer’s purchase habits this Spring (where and when for alcohol);
  • Boston considering banning nips;
  • Drinks-to-go extended;
  • Drink trends for Spring 2023;
  • Tax season for small businesses;
  • and more!
Buyers are becoming even more active putting sellers in a good position.
If you’re considering selling, know all of your options – we can help.
Click Here To Read The Advisor – Issue #26.

The Advisor Magazine: Issue #25 –

As we start to look toward the end of Winter, there are a few surprises popping up.

In The Advisor: Issue #25, we discuss:

  • Cocktails-to-go ending April 1st;
  • Navigating consumer safety during the ongoing roofie epidemic;
  • Stocking up on booze for Spring trends;
  • Tax credits for small businesses;
  • and more!
There’s a shift on the way as the season changes – how will it impact your business?
Click Here To Read The Advisor – Issue #25.

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