Turning Your Liquor License into Cash: How a Broker Can Help

Selling your liquor license is a great way to generate more revenue for your business. Liquor licenses are valuable assets that can be sold at any time. The proceeds of these sales can provide substantial cash flow for business owners looking to sell their businesses or retire. If you are interested in selling your liquor license, check out this blog post on how our professionals help!

Why Sell Your Liquor License?

In addition to providing a source of revenue for your business, selling your liquor license can also provide you with cash that can be used for different purposes. You might use this money as a down payment on another property or invest it in new products and services.

If you’re looking for a way to quickly generate significant amounts of capital, then selling your liquor license and using a broker maybe your best.

While selling a liquor license is not difficult, it does require some research and knowledge of the local market. Before you can begin to sell your liquor license, you need to ensure that all State and Federal laws are followed for this sale to be legal. This requires extensive legwork on your part, but you don’t have to worry about that if you hire a liquor license broker to do it for you.

Suppose your city has specific rules and regulations about the sale of alcohol licenses. In that case, these brokers will know exactly what those are and can use that knowledge to their advantage when selling your license and help you navigate through any such bureaucracy should there be an issue with your desired location. Liquor License Professionals can help ensure that you are following all the rules when selling your license.

Avoid Costly Mistakes

The alcoholic beverage industry is governed by complex regulations and frameworks, varying by state. Partnering with a professional liquor license broker in Orlando, Fl, will keep you from costly yet avoidable mistakes. These mistakes often lie in business licensing, permitting, and regulatory compliance. Something as simple as the seller using the buyer’s newly acquired license during the post-closing process can lead to enforcement action taken upon the buyer and seller unless otherwise stated in the agreement.

Why Consult with Liquor License Professionals?

Florida rules and regulations make it difficult for people to navigate the liquor license transfer process. As liquor license professionals, we can help the two businesses properly conduct the transfer. 

Liquor License Professionals’ expert team is highly knowledgeable about the liquor license transfer process. We can assist both business owners in the liquor license transfer completing the process fast and efficiently.

We know the ins and outs of Florida Beverage regulations to help any business navigate the many laws in play for Florida. Our team of professionals is here to help any business conduct their transfer of a liquor license legally.

Our knowledgeable team helps prevent enforcement issues and keeps both parties moving forward. We make sure they know the various conditions of the license transfer agreement and how to complete them.

The team at Liquor License Professionals will make sure both businesses have the paperwork in proper order needed to ensure a smooth liquor license transfer. 

How a 4COP License Can Help You

The Quota (4COP) licenses are meant to sell beer, wine, and liquor on their premises and allow for consumption on-site. Drinks can also be sold in sealed containers to take off-premises as well. These types of licenses are perfect for bars, restaurants, nightclubs, and more. Having one can help your business during the holiday seasons, especially when many people are looking for a place to have an after-party. Judging from our previous experiences in this area, there is always a massive demand for these months and many others.

The liquor license process can be completed on time, which means you could have your new license before New Year’s Eve! The most significant advantage of having it procured before the holiday season is that you will have the advantage of selling alcoholic beverages for many corporate, private, or non-profit events that may need services to be provided.

Alcohol sales generate significant revenue for mid-tier and fine dining restaurants. Even a restaurant that sells a moderate amount of alcohol will aim for liquor to account for a share of the total revenue. The most successful restaurant owners aim for a 50 percent profit margin. This is why the best restaurants have wine list options by the glass or bottle as expensive as the meals they accompany. In some cases, the price of fine wine can exceed the price of a full course meal.

The more revenue a restaurant brings in, the better it looks to investors and lenders. A large percentage of revenue is generally used to pay for rent and utilities. The rest usually goes toward inventory and payroll, followed by marketing and administrative costs like legal fees. For restaurants that can bring in more than $1 million per year, 25 percent of gross income can mean a lot for their bottom line.

Contact Liquor License Professionals

Whether you’re gearing up for the season by refinancing your liquor license or planning on selling your liquor license to turn a profit, Liquor License Professionals can help you every step of the way. 

With over 30 years of experience in the liquor license and hospitality industries, it’s safe to say our team knows the ins and outs of Florida liquor licenses and the hospitality industry.

Our direct experience in the hospitality industry can help your business start turning a profit from your liquor license this year. We always strive to help business owners create the business they’ve envisioned by giving them the tools they need to succeed.

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 info@liquorlicenseprofessional.com. 

Please work with the best we are always available in person, by phone, or by email. Cheers.