Lake Liquor was started in 1966 by Ray and Geneva Bevans. It was incorporated in January 1967. Jim Shipman, and his late wife Ann, joined the family business in August 1980. The store went from a single-room building, to a larger facility and in 1993 was rebuilt to what stands today. It continues to be a family business with the addition of Rob Shipman and Kim Shipman Polk.