How Do You Buy A Liquor License?
A liquor license is needed to legally retail alcohol. Such licenses are usually issued by local municipal authorities. Most states limit the number of licenses a city can issue, based on a quota per capita. In many cases, no new licenses can be issued, which means a new business can only obtain a license by acquiring it from an existing license holder. Find an available license. The hardest part of buying a liquor license is finding one that’s available. A variety of private service firms maintain databases of local liquor licenses and act as brokers for license transactions. If you don’t have any particular insight into available licenses, it’s highly recommended that you consult with a local license finder or legal professional. Examine and price the license. A liquor license can carry with it certain encumbrances related to the activity of previous owners. These can include disciplinary limitations, tax liens, and other claims to the title. While these encumbrances are not necessari
