How to sell a liquor license
In most states a liquor license is considered a business asset and can be sold or transferred from one retailer to another. You cannot sell a license between states, they must remain in the state and city they were issues. There are many steps that need to take place to get your liquor license sold. Below we have outlined three easy steps that you need to do.
Step 1 – Know the laws
Determine you state’s liquor license selling and transferring laws. Keep in mind that these laws will vary by state. Most states, however, generally require either a business owner or entrepreneur to purchase your liquor license and they will need to provide a background check and a valid form of identification. Liquor licenses cannot be sold to anyone with any sort of criminal background.
Step 2 – Make sure your license is valid
Before you can sell your liquor license you’ll need to make sure that it is valid and in good standings. Check with your state to determine if there are any outstanding fines or liens against your establishment and/or liquor license. In some states if you have any outstanding supplier invoices your license can be suspended until all invoices are paid.
Step 3 – List your license with a broker
Once you’re ready to sell your license you’ll need to list your liquor license with a broker. With the ever-changing economy business turnovers and closures are a constant occurrence. Contact a business or liquor license broker to check for potential buyers and to check the value of your current liquor license.
If this process seems confusing, don’t worry; here at the Liquor License Network we are here to help you along the way.
Liquor License Network is California’s leading premier liquor licensing brokerage and consulting firm. We specialize in the sale, purchase, and facilitation of liquor licenses. Liquor License Network’s professional team of experts offers more than 12 years of liquor licensing experience to many satisfied clients. Our network of experts takes the difficult task off of your hands of locating, negotiating, and acquiring or selling a liquor license for you. Just ask us how to sell a liquor license and we will help you!
We have an extensive inventory in Ca.
Liquor License Network leads the way in applying technology driven applications to the liquor license markets of today. We maintain a complete and extensive database of all recent liquor license sales within the state of California thereby enabling us to negotiate with the ease and viability available to us, ensuring that our clients are getting a fair and honest deal. In addition to the technology at our disposal, we are up-to-date in all the aspects of the processing of local and regional zoning applications and conditional use permits.
Contact us today and let us help you get your businesses liquor license sold.