The Various Options of Liquor Licenses
|Type||Privilege||Example Business||Annual Fees|
|1COP||Beer only||Bar / Restaurant||$280.00|
|1APS||Beer Only||Liquor Store||$140.00|
|2COP||Beer and Wine||Bar / Restaurant||$392.00|
|2APS||Beer and Wine||Liquor Store||$196.00|
|3PS||Beer, Wine, Spirits||Liquor Store||$1820.00|
|4COP||Beer, Wine, Spirits||Bar / Restaurant||$1365.00|
Use a Business Broker
Only two types of license are controlled via a Quota System. These are the 4COP and the 3PS. The rest can be obtained by application through the state of Florida. Most businesses needing a full license to sell and serve a full bar, have to work with a business broker to help them through the transaction. There is due diligence to be done:
- The binding purchase contract, agreeing to terms, has to be a legally viable document
- the license has to be “clean and transferable”
- Deposits have to be handled by a formal escrow arrangement
- The deal has to be kept together, and a successful closing performed.
A professional is well worth the fee involved, which can run from $800 – $2,500 (on average). Depending upon the depth of experience for the broker and the particulars of the deal, the fee can run higher.
Liquor can be profitable, and there are a lot of good sites (and TV shows) to help bars pour the most profitable cocktails and market them accordingly. Here are some options:
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