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Updated almost 8 years ago,
RE Auction + liquor licenses?
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!