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Updated about 8 years ago on . Most recent reply

User Stats

400
Posts
306
Votes
Ash Patel
  • Full time investor
  • Cincinnati, OH
306
Votes |
400
Posts

RE Auction + liquor licenses?

Ash Patel
  • Full time investor
  • Cincinnati, OH
Posted

There is an upcoming auction in a rural town for a building that was formerly a bar.  After the building is auctioned, they will auction the liquor licenses which include beer, wine, liquor, Sunday sales and extended 2:30am sales.  I know there are no more licenses available for this area. 

I have never applied for a liquor license so my questions are:

Is there typically a significant holding cost for these licenses?  

If I don't plan on using them for some time, Do I need to apply for them or do I still own the rights?

If I do lease out the bar, do I have the tenant apply for the liquor license or does it stay in my name? (not asking for legal advice just typical protocol)

Thank you!

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