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The term ABC is, in fact, an abbreviation of Alcoholic Beverage Control commission which operates liquor stores in the state.
Is ABC Supply a franchise?
As a result, Virginia operates ABC stores where all liquor products, including limited releases, are sold. Virginia is considered a control state, a term used to describe a state where the government has a monopoly over the wholesale and/or retail distribution of alcoholic beverages.
Why does VA have ABC?
The ABC system dates back to the end of Prohibition when states implemented strict controls on alcohol to prevent monopolies and inferior products from damaging the market. As a result, Virginia operates ABC stores where all liquor products, including limited releases, are sold.
What does ABC stand for in legal terms?
The Department of Alcoholic Beverage Control provides the highest level of equitable service and public safety to the people of the state through licensing, education, and enforcement.
What is an ABC license in Virginia?
ABC grants a range of privileges, or licenses, to businesses, groups and individuals enabling the manufacture, distribution, selling and serving of alcoholic beverages in the Commonwealth. Holders of these privileges are commonly called licensees.
Company Ownership: ABC Supply was founded by Ken and Diane Hendricks and remains privately held.
How much to franchise an ABC store?
Financial requirements for this franchise: Liquid Capital:$50,000 - $100,000 What does Liquid Capital mean? Total Investment: $182,701 - $326,581 What does Total Investment mean? Royalty Fee: 3% Marketing Fee: 1%
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