It's understandable if you've been holding off on selling your Florida quota license. However, recent developments have made this the perfect time to put yours up for sale, especially if your business still hasn't picked back up to pre-pandemic levels.
Earlier today, Florida Governor Ron DeSantis signed into law a bill that makes permanent his popular COVID-19 emergency order that allowed restaurants to sell alcoholic drinks with take-home meals.
The value of a Florida quota license continues to rise, making it a top asset for bar and restaurant owners across the state. If it's been a while since you obtained your license, you might be pleasantly surprised at its current worth.
Last post we mentioned that numerous bills had been presented this legislative session, with folks in Tallahassee looking to help state bars and restaurants make up for pandemic-related losses by offering to-go sales of alcohol.
Recently, Representative Toby Overdorf of Palm City sponsored new legislation that permits to-go sales of mixed drinks and frozen cocktails containing alcohol for bars and restaurants that hold a liquor license.
If you've been holding onto your Florida liquor license throughout the pandemic, we congratulate you on your tenacity. You see, the supply of available licenses has dried up throughout the state. With fewer licenses available, we're now in a seller's market that offers you the chance to command the most money for your license should you choose to sell.
At a recent press conference in Orlando, Florida Governor Ron DeSantis announced that the state would not be imposing any further restrictions or mandates due to the coronavirus pandemic, going so far as to specifically state that there would be “no lockdowns, no fines…nobody’s losing their livelihood or their business.”
Recently, Halsey Beshears, Secretary of the Florida Department of Business and Professional Regulation (DBPR), announced that the department was operating with network limitations as part of an overall effort to ensure that their information technology assets are safe and secure.
Recently Florida announced that the state's reopening is entering Phase 3, meaning that bars and restaurants are now finally able to operate at full capacity again. While a welcome move, there are some things to keep in mind as you plan your next steps.