FORT LAUDERDALE, Florida. Florida liquor licenses are expensive. If you’re trying to buy one or start your own business, the liquor license alone could eat into your startup costs. Yet, if you want to open a bar or sell liquor in Florida, you’ll need one before you are permitted to open your doors.
According to the Tampa Bay Times, if you’re trying to buy a liquor license, you could pay as much as $300,000. And in some counties, where tourism is heavy, business owners can end up shelling out as much as $500,000 for the licenses. Yet, if you win the license from the state’s annual liquor lottery, your costs can be much lower.
According to the State of Florida website, the entry period to apply for the liquor license lottery begins on the third Monday of August and lasts for 45 days. So, if you want to apply for a liquor license, the window is fast approaching.
For every increase in population by 7,500 people, a county is issued a new liquor license. In faster-growing counties, more licenses will be issued, while fewer will be issued in slower-growing counties. For business owners who want to sell liquor, getting a license is an essential and challenging process in opening a new business. For example, owners might wonder what their chances are of winning the lottery. Or, they may wonder whether they should just fork over the money and pay for licenses already on sale.
In order to qualify for a liquor license in Florida, individuals must be 21 years old, have no felony convictions, and agree to get fingerprinted. The cost for a Florida issued liquor license is $10,500, if an applicant wins the lottery. Some individuals choose to enter the liquor license lottery solely because the licenses are so lucrative. If you have a liquor license and sell it, you could make quite a bit of money.
For some people, entering the liquor license lottery gives them a better chance of winning something of value than entering the ordinary lottery, where the chances of winning are about the same as getting hit by lightning. The odds of winning vary by county, but according to the Tampa Bay Times, the odds average 1 in 450.
For business owners who rely on getting a liquor license to operate, winning the lottery means that they have less to put down in investment to open a bar or establishment. When buying a liquor license from another individual, it is important that you do your homework. You want to make sure that the license is clean and that you can start selling liquor once you buy the license. If you are considering buying or selling a liquor license, consider speaking to a qualified liquor license lawyer in Fort Lauderdale, Florida.  Our firm helps small businesses and new businesses meet requirements and get the licensing they need to operate. Some businesses selling alcohol may not need to purchase a more expensive liquor license because there are several types of licenses in Florida. Before spending hundreds of thousands of dollars on a liquor license you may not need, consider speaking to liquor license lawyers in Fort Lauderdale, Florida today. We can help you identify which type of liquor license is right for your business and help you acquire the correct licensing so you can open your doors and start making money.
 

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