In its 2018/2019 annual report released Thursday, the LCBO is reporting earnings of $2.37 billion on total revenue of $6.39 billion. Thomas said those profits go to the provincial government and pay for vital public services like health, education and highways.
How much does LCBO make a year?
Our customers are standing alongside the LCBO as we embark on this incredible exploration – with the net total sales of Ontario wine, craft beer, cider and spirits hitting a record-breaking $690 million this year.
Can you get LCBO franchise?
The LCBO is also a franchisor . They run what they call agency stores: liquor and beer sales through rural grocery and convenience stores. These are franchise agreements as defined by Ontario provincial law.
Is the LCBO a private business?
The LCBO (Liquor Control Board of Ontario) is an Ontario government enterprise and one of the world's largest buyers and retailers of beverage alcohol. ... Net income from LCBO sales goes to the province in the form of an annual dividend.
Is the LCBO a Crown corporation?
The Liquor Control Board of Ontario (LCBO; French: Régie des alcools de l'Ontario) is a Crown corporation that retails and distributes alcoholic beverages throughout the Canadian province of Ontario. ... By September 2017, the LCBO was operating 651 liquor stores.
Who is the largest wine buyer in the world?
There's an interesting interview with the world's biggest wine buyer, Dan Jago at Tesco, in Wine Business International.
Is LCBO open tomorrow?
LCBO stores are open 11:00 a.m. until 6:00 p.m. on Sundays . Customers are encouraged to check the store locator feature, as their local store hours may vary.
Can I sell alcohol in Ontario?
Permissible hours of sale for all retail stores that may sell liquor in Ontario are: Monday to Sunday 7:00 a.m. to 11:00 p.m.
What is the largest LCBO in Ontario?
TORONTO – The Summerhill LCBO location is one of Toronto's largest and best stocked liquor stores.
Where do LCBO profits go?
The LCBO is a proud contributor to the Government of Ontario . The revenues it generates supports key public programs and services for Ontarians, including health care, education, and infrastructure, both at a provincial and local level.
Who is in charge of Crown corporations in Canada?
Crown corporations are created through either an Act of Parliament or by articles of incorporation under the Canada Business Corporations Act. They are accountable to Parliament through the minister responsible for that particular corporation.
What is the highest proof alcohol in Ontario?
Everclear 190 Proof Grain Alcohol .
Is The Beer Store losing money?
News broke this month that The Beer Store (TBS), Ontario's monopoly beer-seller, is losing money and lots of it. According to its annual financial statement, TBS operated at a $50.7 million loss in 2020.
Why is The Beer Store losing money?
The Beer Store loss grows to $51 million amid competition, COVID. ... The retailer, majority owned by Molson Coors and Labatt, had an operating loss of $50.7 million in 2020, as competition from grocery stores and restaurant bottle shops grew, and keg sales were crushed by COVID-19 restrictions.
What is the busiest Beer Store in Ontario?
Amstel became the busiest beer store in Canada.
