Can I Sell My Alcohol License?

 Can I Sell My Alcohol License?

October 19, 2022

If you own an establishment that sells or serves alcohol and are interested in selling the business, you may be wondering if you can sell your liquor license in Florida. 

Can I Sell My Liquor License? 

The short answer is yes. However, it’s more complicated than that. Only one type of liquor license available in Florida has any resale value that can be sold. It’s called a quota license, and there are two variations. 

4COP Alcohol License 

A 4COP quota license allows the consumption of beer, wine, and other spirits, on-premises regardless of any accompanying food sales. Bars and limited food service businesses typically use a 4COP license. 

3PS Liquor License 

A 3PS quota liquor license only allows off-premises sales of bottled and sealed beer, wine, and spirits. Typically, liquor stores use a series 3PS quota license for their businesses. 

What is the Value of a Quota License? 

Since the pandemic and 2020, quota licenses have skyrocketed in demand, driving prices through the roof across the entire state of Florida. Although the cost of a quota liquor license varies depending on the county where the license was issued, prices can range from 75K to well over 700K.  

Even a failing business with a quota license could sell it for a tidy profit. A liquor license is an extremely valuable asset worth a good deal of money if sold correctly. Purchasers, however, must be qualified to hold an alcohol license in Florida.  

How to Obtain a Quota License 

Quota licenses are issued annually by the state depending on population increases in specific areas of Florida. Applicants must submit a lottery entry form to the Florida Division of Alcoholic Beverages & Tobacco within the open entry period. If an applicant is not successful in the lottery, they can work with an attorney or license broker to find an alcohol license on the open market from an existing licensee. 

After closing, the license will need to be immediately transferred to the new Buyer.