Your Quota License May be Worth More Now Than Ever!
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.
Why Are Values Rising?
Even though the 2020 census is expected to open additional licenses statewide, there's still fierce competition for quota licenses awarded through the state's liquor license lottery. A quick look at last year's license lottery data proves that. In 2020, there were 23,728 entries for the 51 available licenses. That's more than 450 entries for each license!
The odds become even more daunting when you consider the fact that quota liquor licenses are issued on a county-by-county basis and can't be moved across county lines. If an entrepreneur is entering to win a quota license in a competitive county, theirs could be one of a thousand entries for that one license.
New Legislation is Ramping Up Potential License Values
As we've previously detailed, several pieces of legislation proposed that legalize some form of to-go alcohol sales permanently. Given the governor's stated support, it seems highly likely that one bill will become law this session. That potential for new sales makes a liquor license even more valuable than ever.
Find Out Your License's Worth
At Liquor License FL, we're industry pros. We know the ins and outs of the licensing process and are happy to provide you with the current value of your state liquor license. If you've been thinking about selling your license, there may not be a better time than now to take advantage of the rising prices! Contact us to get a complimentary quote. We also have willing buyers lined up to purchase licenses, so we can get you paid in no time at all!