Seeking a Liquor License Investor in Cincinnati, OH

[Scramble]

Hey all:

I'm seeking a liquor license investor for a small lounge in Cincinnati, OH. The investor would be paid a flat rate for use of the license per month, and would not be tied to any risks inherent in the venue. There would be a compensation system in place to protect the investor in case of any license violations (I'm an experienced bar owner with NO violations on my record).

Liquor licenses in Ohio are skyrocketing in value each year. Just four years ago, the average license cost 25k. Now, finding one at 38k is a deal. This is a great chance to invest in one with no risk-- if the venue fails, selling the license is an easy and immediate process for you. No matter what, you've acquired something that is rising in value exponentially.

For me details, just email me at scramblenetwork at gmail.com. Thanks!

[realityrox.com]

It seems there is still a very high risk of liability involved on possible violations on the license...

[Largo Robert]

I don't know about OH, but in FL it is LAW that the license MUST be in the name of the user. There is no lend/lease/use of a license in someone else's name.

I'd be surprised if that is not common law in most every state.

[Largo Robert]

<^^^edit^^^>

I just sold a 4COP in Pinellas for $210k. $38k is a serious bargain. If you can't afford that with the myriad license financiers out there, you shouldn't be in business.

[excellentbars]

Scramble

Hey Buddy, Largo is correct you need to be aware of the amount of capital you have available for the project.....

Opening underfunded is one of the leading causes of business failure, You need to have the needed capital to execute your business practices over a preset time period, say 3 months of total Burn Expenses...

1-Rent
2-Salary Positions
3-Utilities
4-Insurance
5-1 months of liquor and beer orders

Add these together and you should get a number for your venue that should be a safety cushion for your business....Once you have been operating an open for a time you can then modify the buffer you wish to keep as your reserve.

I would look into trying to purchase the Liquor Lic on a payment schedule at the $25k number
Or getting on the Fundraising trail again! If you are that far into the project that you need a Liquor Lic you have a tangable asset and a real project not a dream.

Cheers

[crizco]

In Ohio you are taking on alot of liability to buy a license and can get in big trouble if not associated with the business. I would advise against this unless you have a vested interest in the business.

Chris
Cleveland, Oh

[Michael Black]

Any bank should loan you the $ with the license being a marketable collateral asset.

[owneroper]

there is a rule in ohio about the license owner being active. I dont think I would ever rent a license. If I lose it I have a place to hold Sunday sermons and that wasnt exactly what i was aiming for.

I have seen one recently sell for 40 and one for 50 but i am guessing its a big name buying them. And yes that is really high in greater cincinnati area. In ky you can get them for as little as 10000 on a good day and 20-25000 everyday of the week. Actually in one county they are passing them out like candy but its a growing county. Anybody interested in moving to Northern KY, Boone County is the place to be