what state? every state has particular laws pertaining to liquor license and legalities, and there are 3 types of license, beer & wine, SRX, and 4 cop.
1) Beer & wine is about $500.
2 )SRX is about $1200, this is a quota license, you need to sell 51% food to keep this.
3) 4cop is a full license and depending on the state they could go for as much as $120,000. and you are not required to sell food for this license.
( if it is a 4cop, most licenses will have a lien or note on them, so you need to make sure you are in 1st position)/
The most common license is the SRX and they really don't have much face value
The other problem is, is the restaurant doesn't pay the vendor, they are put on a no sale list and a lien is placed on the license.
liability - if someone leaves the bar drunk and kills someone, they can come after the restaurant, so the contract needs to be drafted properly so the lender isn't liable. - the best scenario is for the restaurant to sign the license over to the lender and they lease it back.
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Merchant wants Loan Against Liquor License
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