Saturday, April 21, 2012

Is there still a market for Montana liquor licenses?

It seems to be one of the main discussion points with commercial real estate, "Is there a liquor license included?"  I hear that question asked more than probably any other when dealing with downtown commercial properties, and rightfully so.  "Liquor License" was such a buzz word in the past decade as they skyrocketed in value and diminished in supply that everyone was intrigued by it whether they knew real estate or not.  Today, liquor licenses have slipped in value like most other goods from a high in 2009 of approximately $825,000 to $688,000 in 2010.  2011 saw that average sales price for a license rebound to $734,000 with multiple sales over $800,000.  Is there a market to sell your license?  I believe there is.