What goes with liquor?

[beboppoker]

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If the closest liquor store is 20 min drive then by all means mark that [censored] up! Know your competition. Liquor is a very old and well understood business.

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Well in New York...do you think 20 minutes driving distance is that close? In a crowded city, where people walk a lot, would walking distance be more important. I'm opening the store in a crowded area, and a large number of people walk to where they need to go.

There is competition near me. But would being closer to people, say 5-10 minute walking difference make a big difference?

Do you think I could compete by either raising prices or lowering my selection because of my closer location?