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HOW MUCH DO LIQUOR LICENSES COST
How much is a Florida Liquor License?
Florida Liquor Licenses can be difficult to understand and become pricey depending on what type of license you need to obtain for your business. Knowing how to get a liquor license is only the beginning of the process. You also need to be sure that you have the proper funds available to pay for several fees.
Below is a an informational guide to help you understand what to expect.
Research the proper alcohol license for your business
There are no restrictions on the number of licenses issued to sell wine and beer in Florida. You can simply apply for one through the Florida Division of Alcoholic Beverages and Tobacco and start serving your customers in no-time. Keep in mind, there are annual fees and application fees for each new license issued.
If you want to sell liquor in Florida, you will need a quota license. The number of available licenses are based on county population and can be won in an annual liquor license lottery or purchased and sold through a broker. If you are looking to purchase from an existing owner, most quota liquor licenses cost between $50,000.00 and $500,000.00 or more.
Additionally, licenses have subcategories, which have a set of terms and rules associated with the that may type of business you own.
Understand the fees
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Annual Fee: The annual license fee for an alcoholic beverage retail license ranges between $28 and $1,820. The price varies based on the type of beverage you want to sell and county location.
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Transfer Fee: There is also a license transfer fee (not to exceed $5000) when purchasing an existing license from a current owner. This price can vary depending on each license.
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Brokerage Fee: With any major transaction involving a broker, there is a fee. This is typically 8-10% of a quota liquor license’s cost.
Financing a liquor license
Starting a new business and need financing for your liquor license? It is fairly easy to obtain, simply contact a liquor license financier to obtain a loan. They typically offer different levels of financing to get a business going.