Beer, Wine & Liquor Stores in Florida
The Beer, Wine and Liquor Store industry in Florida includes stores that are licensed to sell alcoholic beverages for off-premise consumption. Florida has relatively strict regulation when it comes to the distribution of alcohol. It has one of the highest state excise taxes on wine and a more modest excise tax on beer and liquor. Since the state enables several different types of businesses to sell beer, wine and liquor, the industry is much more fragmented than other states. Grocery stores, gas stations and convenience stores also compete with beer, wine and liquor stores, making the industry hypercompetitive and keeping overall revenue growth slow. Over the five years to 2022, the industry is expected to grow as rising incomes spur more spending on discretionary goods such as alcohol. According to a survey by the US Health and Human Services Department, millennials drink more often than other age groups. Since millenials are one of the largest age demographics, as more millennials reach the legal drinking age, industry revenue is expected to grow.
Operators in this industry include retail stores specifically licensed to sell alcoholic beverages for off-premises consumption. This industry excludes wholesale, grocery, convenience and gas station stores.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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