Alcohol Import License Essentials
Here’s a quick overview of the Alcohol Import License gathered from Rezzonator Services’ experience of helping thousands of clients get licensed and start operating. As usual, every case is different so contact us with your specific situation. For a limited time you can take advantage of our FREE Consultation.
License And Privileges
An importer license allows you to bring basic alcoholic beverages from a foreign country into the United States for the purposes of resale. This license is necessary for any company or person that wants to introduce a new alcoholic beverage into the United States market.
Ways To Do Business
There are two main ways to do business as an importer:
The Importer License
First, you can bring the alcoholic beverages from a foreign country and sell them to a licensed wholesaler. In this scenario, you as the importer, would get the alcohol into the United States and sell it to the wholesaler. Only the wholesaler can handle the distribution. This means that the wholesaler would sell the product to retailers such as bars, restaurants and liquor stores.
Both Importer and Wholesaler License
The second way is for your business to hold both an importer and a wholesaler license. This combination gives you the flexibility to import your alcoholic beverages as well as distribute them yourself all under one company or license. However, not all states allow you to combine both privileges. Call us with your specific situation for more details.
Depending on state regulations, an importer may have to be licensed at two levels first at the federal level and second at the state level. It is important to have both licenses before you begin business.
Another thing to consider when you become an importer is the location requirements.
Most states require that you have a minimum office space for books and records.
Office and Warehouse
Other states may require that you have both an office and a warehouse in the state where you will do business.
While some more lenient states allow you to operate out of a home office with certain restrictions becoming an importer is a great way to get started in the alcoholic beverage industry.
Call one of our experts at Resonator Services today for more information.
The Alcohol Import License Offers A Lucrative Opportunity
The alcohol import market is a goldmine of opportunities that, when tapped into correctly, can yield significant profits. This assertion is not just a mere speculation but is backed by concrete data and market trends.
According to Statista, the global alcoholic beverage market, which includes beer, wine, and spirits, has been on a steady rise. The consumption of spirits and wine, in particular, has been increasing, indicating a growing market for importers. The same source also highlights that the US alcoholic beverage market is projected to be the largest worldwide in 2027, with a market value of about 387.6 billion US dollars. This presents a massive opportunity for those considering venturing into alcohol importation.
Further supporting this is a report by Grand View Research, which states that the global alcoholic drinks market size was valued at USD 1,448.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.3% from 2022 to 2028. This growth is attributed to the increasing consumption of premium beer and the rising popularity of pubs, bars, and restaurants.
Emotionally, the allure of the alcohol import market lies in the potential for immense profits and the satisfaction of meeting the demand for diverse alcoholic beverages. Logically, the steady growth of the market, the increasing consumption of premium alcoholic beverages, and the projected expansion of the market make a compelling case for investing in the alcohol import market.