Buying The Liquor License On The Open Market
Because the lottery is so limited and restricted, many prospective liquor business owners will buy their quota license from an existing license holder on the open market. Florida does not have any regulations in place for pricing. The license cost is determined simply by supply and demand.
Quota license transfers typically sell for between $100,000 to $500,000 dollars. Once the parties agree upon a deal, the recipients must also pay up to $5,000 in transfer application fees. Additionally, they must submit all of the same paperwork mentioned in the application documentation above.
For this reason, many entrepreneurs will choose to open establishments that skirt around the quota law limitations, such as opening restaurants or breweries, etc. In addition, if they do choose to purchase a quota license from an existing license holder on the open market, most business people will hire lawyers and/or brokers to help them deal with such a complicated and costly transaction.