How much does a liquor license in NJ cost?
$350,000
The finite number of licenses means that when a license becomes available, the cost to obtain that license is often prohibitive. Licenses are purported to average $350,000 statewide, but have gone as high as $1 million at auction.
Is it hard to get a liquor license in NJ?
New Jersey has very restrictive laws when it comes to obtaining a liquor license. The licenses are issued based on population, which limits their number. This limit on the number of allowable licenses means many liquor licenses in New Jersey are bought from existing license holders.
Can you finance a liquor license in NJ?
In New Jersey, for example, a liquor license cannot be pledged to a creditor, but it may be transferred if approved by the issuing authority, depending upon the circumstances.
How do you sell a liquor license in NJ?
Transferring a Liquor License in New Jersey – “33” License
- Find the license, for sale on the private market. You will have to enter into a Purchase and Sale Agreement contingent upon successful application to the municipal ABC Board.
- Apply with the ABC.
- Notice and Hearing.
- Closing.
How much is a liquor license in NJ 2021?
Liquor licenses in New Jersey cost $350K and it’s crippling the state’s dining scene.
How many liquor licenses can you own in NJ?
Supermarkets, convenience stores, and gas stations in New Jersey rarely sell alcoholic beverages because state law prohibits any person or corporation from possessing more than two retail distribution licenses. While licenses for bars, restaurants and liquor stores are limited, other retail licenses are not.
Why are liquor licenses so expensive in NJ?
The relatively limited supply has driven up the resale price of licenses astronomically and forced smaller operators to open BYOBs, which are legal in New Jersey but suffer from slimmer profit margins than their alcohol-selling counterparts.
What is a Class C liquor license in NJ?
New Jersey Liquor License Attorney The largest class of Alcoholic Beverage Licenses (commonly referred to as a “liquor license”) is the Class C Retailer’s License. These licenses allow the licensee to sell alcoholic beverages for off-premise consumption (liquor store) and/or on-premise consumption (bar/restaurant).
What is a NJ 33 liquor license?
Plenary Retail Consumption License (identified by license number 33): This license permits the liquor license holder to sell alcoholic beverages for consumption at the licensed premises, and the sale of packaged goods for consumption off premises, the sale of packaged goods must take place in the public barroom.
Do I need a license to sell wine in NJ?
In New Jersey, a retail liquor license is required for the purpose of manufacturing and selling alcohol. General licensing requirements and the enforcement of alcoholic beverage laws are handled by the State’s Division of Alcoholic Beverage Control (ABC).
What is a Class D liquor license in NJ?
The New Jersey, Type 44 Liquor, Beer & Wine – Class (D) Liquor License Permits liquor stores & grocery stores to sell all liquor sales — beer, wine and spirits — for off-premises consumption. The NJ Type 44 liquor license grants the holder the right to sell in a specific New Jersey county.
What is a 33 liquor license NJ?