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PsychologicalAd1153 t1_j3whim6 wrote

How much is a liquor license anyway? I'm sure there are different tiers.

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Brudesandwich OP t1_j3x5p3a wrote

A liquor license in NJ can run into $100,000's, even millions.

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sinbushar t1_j42c3xu wrote

I've seen billboards advertising licenses for sale. I really don't know the ins and outs of the current restrictions, but the number I keep seeing as the norm is $400k.

If this actually happens, I think we could see an awesome expansion of NJ restaurants

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murphydcat t1_j3xx2lu wrote

In my town they have been selling for $50k because it is an older, urban municipality and at one time there was a bar on every corner. There are quite a few pocket licenses that owners have unsuccessfully tried to sell. In rural municipalities, licenses are more scarce and can command six or seven figures.

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