Get Ready for Summer Break!
March 2021 brought growth back to Florida bars, nightclubs and restaurants, as travelers and locals enjoyed Spring Break with its multiple events. There isn’t a better time to obtain a liquor license and enjoy Florida than in the spring; between January and throughout the entire summer break, there are many opportunities to turn your business’s profits from red to black.
Spring Break 2021 showed bar, nightclubs and restaurant owners that Florida is officially back in business. Especially compared to last Spring Break, bars, nightclubs and restaurants thrived this year. This upward trend won’t stop at Spring Break, either. With Florida considered one of the top vacation excitement destinations in the United States, there will be many opportunities to continue turning a profit, even after Spring Break.
What To Look Forward To
May is swiftly approaching, and with it comes a plethora of summertime holidays that your bar, nightclub or restaurant shouldn’t miss. May is just the start of all of the excellent opportunities for your business.
Summer events your bar, nightclub or restaurant won’t want to miss:
- The Kentucky Derby
- Cinco de Mayo
- 4th of July
- Summer Holidays
May is Just Around the Corner
The Kentucky Derby kicks off on May 1, which will kick off Florida’s summer with a bang. Despite not taking place in Florida, the Kentucky Derby is a highly-televised and top-rated event. Many people across the country bet on competing thoroughbreds; Florida is no exception. The event will drive a lot of traffic to sports bars and restaurants, as people gather to watch the event with friends over drinks.
Soon after the Kentucky Derby is Cinco de Mayo, which is a massive celebration throughout Florida. Cinco de Mayo is a celebration commemorating the Mexican Army’s victory during the Battle of Puebla in 1862.
While different from Mexican Independence Day on September 16, Cinco de Mayo is recognized as a way to get together with friends and celebrate. It is an important day for any bar or restaurant owner to prepare for, as well. Since it is celebrated worldwide during the start of Florida’s summer, expect both travelers and locals to be participating in Cinco de Mayo festivities.
Summer comes near the end of May for students in Orange County. Other counties in Florida end the school year, as well. With school out for the summer, many families will start making their vacation plans for the summer. Even families outside of Florida will undoubtedly begin making plans to travel here, which is why bars, restaurants, and hotels should be ready for summer.
Was 2020 Too Hard for Your Business?
Despite the success from Spring Break 2021, your business still might be in the red from 2020’s drop. Thankfully, for companies that have been struggling, there is a solution. Selling or Refinancing a liquor license could help your business get the money it needs to operate successfully and renew itself.
At Liquor License Professionals, we offer many ways to turn your liquor license into a profit for your business. May and summer vacation are the perfect time for restaurants to maximize their profits and regenerate. If you feel that the risk is too high, we are happy to offer you other services that might fit your business’s needs better:
- Refinance a Liquor License
- Sell a Liquor License
- Business Consulting
Not everyone needs a liquor license. Sometimes it’s okay to accept that and restructure a business. At Liquor License Professionals, we can help establishments understand that.
Refinance a License
Sometimes, the liquor license itself can be a factor that puts a business into the red. Even if your business is making money from liquor sales, it might not still be enough to cover the initial cost of the liquor license. Liquor licenses are, in fact, expensive, which makes them hard for many businesses to successfully afford them.
Thankfully, we offer refinancing options for liquor licenses, which will allow your business to get the extra cash it may need, all while maintaining your liquor license. Refinancing is an excellent option for businesses looking to keep their liquor license, despite its cost.
Sell a License
If full liquor hasn’t helped your business turn a soli profit, then the best option might be to sell the liquor license altogether. If your business is on the verge of closing, selling the liquor license might be the best way to gain some capital to restructure.
Selling your liquor license would be a way for another business owner to get a chance to sell full liquor. Since licenses are often difficult to come by, selling your liquor license may bring you a higher cash value than you realize.
At Liquor License Professionals, we can mediate the buying and selling process, acting as a third-party between you and another establishment.
If you don’t have another establishment in mind, don’t worry. We have the ability to purchase your liquor license and provide a fast, easy way to obtain funds needed. We are liquor license market experts, and we’ll help provide the best value for a liquor license so your business can turn a profit, moving forward.
Hospitality Business Consulting
Sometimes a business doesn’t need to refinance or sell its liquor license; it needs a complete overhaul and refresh. This is increasingly common nowadays, with many companies having to restructure to match the fluctuating ever changing market.
If your business needs support during the restructuring process, Liquor License Professionals is here to help. We offer hospitality consulting, effective in pinpointing weaknesses or strengths in your business. Sometimes, having a third-party evaluate your business can help point out where change might be necessary to drive a profit.
Even successful businesses can benefit from consulting. Hospitality business consultation can help a business adapt to new trends and markets, allowing it to stay relevant.
Contact Liquor License Professionals
Whether you’re getting ready for May and buying a liquor license, selling or refinancing one, or need hospitality business consulting, Liquor License Professionals is here to help. We know the ins and outs of Florida liquor licenses being a trusted source with over 30 years of industry experience, using our knowledge of the hospitality industry to help businesses obtain a liquor license and create the business they have envisioned.
To receive more info about what we offer, contact us by calling (321) 274-7104 or (386) 222-9668. Establishments and their Owners can also reach us by sending an email to firstname.lastname@example.org.