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Beverages & More Inc., [5] [6] doing business as BevMo!, is an American retail chain focusing on the sale of alcoholic drinks. It is a wholly-owned subsidiary of GoPuff, after GoPuff announced the acquisition of BevMo! on November 5, 2020. [7] Previously BevMo! was a privately held corporation based in Concord, California.
In November, Gopuff agreed to purchase BevMo! for $350 million. [27] The alcoholic beverage chain has 161 stores in California, Washington and Arizona. [28] [29] In March 2021, Gopuff announced that it had raised $1.15 billion in funding from investors including D1 Capital Partners, Fidelity Management and Research Company, and Luxor Capital.
Many liquor stores — including Binny's and BevMo — tend to keep their lights on for a limited set of hours on Thanksgiving Day, but it depends on location.
When an East Coast startup called Gopuff paid $350 million for BevMo in November 2020, it wasn't immediately clear what a tech company planned to do with California's biggest liquor chain.
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SoftBank Vision Fund-backed GoPuff's $350-million acquisition of BevMo will give it an entry to the California market. BevMo acquired in $350-million deal as booze deliveries surge Skip to main ...
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As for Cost, a typical 750ml bottle (typical wine size bottle) sells for $1.79 (USD) at BevMo (Beverages and More)on the west coast. High end restaurants typically have a 150% - 300% mark-up or more. I've seen it at Trader Joe's for $1.50.
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