How Much Should You Expect to Spend on a Florida Liquor License Application?

How Much Should You Expect to Spend on a Florida Liquor License Application?

WHERE WILL YOU OPEN THE BAR?

Determining the cost of a Florida liquor license
can help you to plan your new venture.

For business owners in some situations, a quota liquor license is the most economical way to go. The cost of a liquor license application is based on the county’s total population, so if you live in a more rural area, the cost is much lower. However, authorities in rural places may not have as many licenses to give out, so you might have to apply early in the year to get one.

The actual cost of the license can vary based on many different factors, including where you plan to open the bar, the time of year, and how long you want to stay in business

Location can affect the type and cost of the license that you apply for. Location is crucial to the success of your restaurant business.

Operating in a more well-known location will cost you more, as liquor licenses carry a higher price in densely populated areas. Business owners in Miami or Fort Lauderdale can expect to spend a lot more on a Florida liquor license in anticipation of making higher profits and welcoming larger crowds. One of the best ways to handle this expense is to use financing which allows you to make regular payments toward the cost of the license instead of paying it all at once.

HOW LONG IT TAKES FOR A LIQUOR LICENSE APPLICATION

As you plan to open a new bar or restaurant, you can prepare yourself by anticipating many of the expenses associated with opening a new establishment. However, predicting how much you’ll need to spend to get a Florida liquor license can be hard for a new business owner. You’ll find no one dollar amount applies to every situation. The actual cost of the license can vary based on many different factors, including where you plan to open the bar, the time of year, and how long you want to stay in business. With these factors determined, you can get a better idea of your total expenses. Another way to predict this cost is to work with an experienced business, like Liquor License Outlet that can help you understand how to buy a Florida liquor license and how much it will cost.

For some business owners, a temporary business is an ideal way to dip a toe in the water and see if a permanent business is right for them. Seasonal or temporary licenses are less expensive than those that cover year-round businesses. You can operate during a popular season in your town and get a temporary second income while working for yourself. For example, some business owners in tourist towns only stay open in the summer, when visitors flood the beach area and spend more on snacks and drinks.

WHAT WILL BE ON YOUR MENU?

Florida Liquor Licence Application Costs

Whether you plan to serve food or not, the variety on your menu can change the kind of license you need. If you’re only planning to sell beer and wine, the license you’ll need is much cheaper than a full one. This may work well if your business is going to be a wine or craft beer bar, but if you want people to party all night in a club setting, you may find they want cocktails and mixed drinks to keep the party going.

If you’ll be serving food in addition to alcohol, this also changes the kind of license you’ll need to apply for. A restaurant, which the state defines as a business that gets at least fifty percent of its profits from food sales, must apply for an SRX license. There are over twenty different kinds of SRX licenses, so applying for the right one can be a complicated process. However, with this license in hand, you can sell appetizers or entrees alongside your drinks, increasing the potential for profit.

FLORIDA LIQUOR LICENSE APPLICATION COSTS

Florida liquor licensing costs can vary depending on the type of license you apply for. In addition to standard fees, you will need to consider associated legal and consulting fees as well. Below is a guideline for basic licensing costs, but keep in mind that this should be used as a baseline and figures are subject to change. If you want the most up-to-date costs for license applications or to buy an existing 4COP-quota license, talk to Liquor License Outlet today.

• A 1COP Florida liquor license ranges between $56 and $280 depending on the county population where you apply for the license. This allows for sales of beer to be consumed on the premises.
• A 2COP Florida liquor license ranges between $168 and $392 depending on the county population. This allows for sales of beer and wine to be consumed on the premises.
• A 4COP-Quota Florida liquor license typically costs $1,820 when purchased through the state lottery. Only one license is created per 7,500 residents in a county. This makes these licenses extremely competitive and they can only be purchased outright when engaging with the resale market. Because of their rarity, purchasing a license from an existing business can be costly. Sellers price their licenses based on revenue potential and current availability. If you want the most affordable 4COP-Quota license outside of the lottery system, Liquor License Outlet can help. This license type allows for sales of beer, wine, and spirits for consumption on the premises.
• In addition to the quota system, you can also apply for a 4COP-SRX license. This is a special type of license that is offered to businesses that meet specific conditions. You must be able to derive 51% of your revenue from non-alcoholic beverages and food. Your premises must provide at least 2,000 square feet of a permanently covered dining area, with seating and tables for 150 patrons. Like the quota Florida liquor license, an SRX license allows for sales of beer, wine, and spirits for consumption on the premises. If you are interested in applying for an SRX license, we can help you to determine your eligibility and complete the application process. The basic licensing fee is $1820, depending on the county.

If you’re new to the hospitality business, the process of getting a Florida liquor license might seem overwhelming. Liquor License Outlet is here to help answer any questions you have. We can even assist you with completing the paperwork needed to get a license. Contact us today to get licensed for the year ahead.