Sell A Liquor License
Liquor Licenses are a valuable asset. We will help you with the sale or purchase of an existing retail liquor store license, business, restaurant license, and more! We will also work with the transition of ownership of just the liquor license.
I have a liquor license and want to sell it. How much is it worth?
Essentially, what is someone willing to pay for it. It depends on a few factors:
• What type of license is it? (ie. is it a "controlled" license, like a Type 47, 48, 75, 20 or 21 that is typically unavailable directly from Dept. of ABC)
• What county is it in?
• Is it the liquor license only or are you trying to sell the business? Do you have a good lease?
• How long are you willing to wait to get paid?
The secondary market fluctuates based on quantity of licenses in the market, whether or not a lottery is coming up, and how many people are trying to get a license at the time you're ready to sell.
State law requires that payment for an ABC license goes through an escrow, and the escrow requirements for liquor licenses are specific. So make sure you reach out to us before you accept any money from a potential buyer.
I want to sell my license. Where do I start?
We get inquiries from potential buyers all the time, and also know when our current clients may be ready to upgrade. We prefer to find buyers within our client base because when we manage the ABC application process, we have a bit more control about timing and trying to get you paid as quickly as possible (which usually can't happen until the license issues and escrow closes).
Let us know right away if you're considering selling so we can help you understand the process.