Re: Opened a Bar
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Thremp,
Awesome. What are the liquor license costs like where you set this place up, and do you have one already?
James
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I don't. ~1500. Other guy is taking care of that. He has one currently with no marks and went through the process.
All,
I just do the numbers side and have capital. I'm closer to a blind partner than a real partner (like 99% of the way there). I just do basic auditing/financial stuff to make sure we/I aren't being robbed.
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Wow that is CHEAP for a liquor license. Here in AZ a full beer/wine and distiled license (class 1) if I remember go for around $75,000. They are sold on the open market and there are only so many issued. There is a beer and wine license you can get if you are designated a restaruant that sell for $2,000 last I looked, but only 40% of total profit (or something like that) can come from alcohol sales.
A friend and I looked into opening a bar around campus a few years ago, but Arizona makes it really hard to do this.
Good Luck
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