Financing A Florida Liquor License

How to Acquire Financing to Buy Your Florida Liquor License

As a business owner, starting a new venture requires a significant amount of funding from day one. Even after the construction and launch are complete, a steady flow of cash is important for pursuing potential business growth.

So, what do you do when you’re running short on money, but need to secure funding – and fast? And more specifically, when you’re looking for ways to pay for a Florida liquor license, what are your options?

We’re going to take a closer look at how you can take advantage of the opportunity to secure the money you need to get a liquor license quickly and easily. With this helpful guide in hand, you’ll know your next steps for acquiring a liquor license in Florida, and you’ll be ready to act now.


First, Discussing Liquor License Requirements in Florida

If you are just now learning how to get a liquor license in Florida, it’s likely that you’ve already discovered that it can be complicated. With a clearer understanding of the Florida liquor license requirements, as well as the types of licenses available, you can better choose the right option for your business.

According to Florida state law, a license is required for a business to sell beer, wine, and liquor.

There are two primary types of liquor licenses in Florida:

SFS f/k/a SRX License or Restaurant Only License

SFS licenses are designed for facilities that will, in most counties have a minimum of 2,500 s/f, can serve meals to at least 150 guests at a time, with more than half of its gross revenue coming from the sale of non-alcoholic beverages and food. These licenses allow restaurants to serve alcohol for on-site consumption.

Quota License

Quota licenses are so named because they are issued only by quota increases in population. One new license is made available for each increase of 7,500 residents, which means that no more quota licenses will be issued until the county population increases by 7,500 or more.

A drawing is held to determine which applicants “win” the ability to apply for a new license. However, you are also permitted to buy, finance, or transfer a Florida quota license from an existing holder via a private transaction. (This is where a licensed liquor license broker is highly recommended).

As you can see, owning a Florida quota liquor license is the equivalent of holding something of considerable value. Because licenses are limited – and the demand for them is fairly steady – your FL quota license is an important business asset.

professional license broker can help you determine which type of FL liquor license you need for your business, and can also guide you through the multi-step process of securing one. Furthermore, should you choose to finance the license, the broker is well-equipped to help you navigate that as well.

Can I Finance a Florida Liquor License?

Yes. In the state of Florida, quota liquor licenses (as defined above) are able to be financed. You can finance the acquisition of an FL liquor license, paying for it over time much as you would for a standard small business loan.

When Should I Finance My Liquor License?

There are a handful of situations in which financing a liquor license is the best-fit option. Both existing businesses and those that have yet to open may be able to benefit from this financing option.

Here are two very common scenarios in which choosing Florida liquor license financing can be a smart business decision:

  • A business owner that is planning to open a restaurant or bar may realize that they are running low on cash by the time construction is complete. In this situation, a short- or long-term loan, as well as other financing options, can be a helpful way to acquire a liquor license and begin operations.
  • A business owner that is currently operating an establishment may want to begin selling alcohol, as a way to boost revenue and expand the business. However, if capital is not readily available, financing the license may be the ideal route.

Financing a Florida Liquor License (FAQs)

Acquiring a Florida liquor license can be a complicated venture. If you want to open a liquor store or add alcoholic beverages to your menu, many questions arise, such as the costs of a Florida liquor license. Let Beverage License Specialists make this process easier. Read on for answers to frequently asked questions about liquor license financing in Florida.

Is it Hard to Get a Loan for a Liquor License?

Any existing quota license holder or that of a purchaser of a quota liquor license holder is eligible to use their quota liquor license as collateral for a loan. Whether the funds are needed for remodeling or consolidation or to purchase a license, your quota liquor license is a valuable asset that provides the opportunity to utilize the equity in the license for a loan.  Opening a liquor store, bar or restaurant can be a profitable venture because it caters to a market with consistent demand for alcoholic beverages. Additionally, bars, liquor stores and restaurants often have high-profit margins due to the markup on their products and the ability to offer specialty items.

Acquiring a liquor license loan for your business can be challenging. As with any loan application, amongst other things, lenders typically require applicants to decide upon a re-payment schedule that the business will be able to sustain and a required down payment. It’s important for liquor entrepreneurs to research and approach the loan application process prepared and informed.

How Much Does a Liquor License Cost in Florida?

In Florida, the cost of a quota liquor license can vary depending on the county that you are seeking to operate the license. Generally, a quota liquor license can cost anywhere from a hundred thousand to over a million dollars. It’s important to research the specific costs in your area and plan accordingly when financing a liquor license.

Financing options are available for liquor licenses. In addition to the liquor license cost, it’s essential to consider the expenses of renting a business location and purchasing inventory and start-up supplies. Proper planning and research are crucial for aspiring liquor entrepreneurs.

What are the Requirements for Financing a Liquor License?

Lenders will require a down payment and/or additional collateral to secure the loan. It’s important to research lenders and their requirements to ensure that you meet the necessary criteria before applying for financing.

How Long Does it Take to Get Approved for Liquor License Financing?

Approval times for liquor license financing in Florida may differ depending on the lender and the complexity of the loan. Typically the liquor loan and funding process takes approximately 20-30 days.

What are the Repayment Terms for Liquor License Financing?

Repayment terms for liquor license financing in Florida vary by lender but typically include monthly payments over a set period of time, like other loans. Some lenders may also offer flexible repayment options, such as interest only or lengthier amortizations.

How do I Get Liquor License Financing?

To get liquor license financing in Florida, you will need to research lenders and compare loan terms. Seeking help from Beverage License Specialists can significantly increase your chances of securing financing for your liquor license.

What Should I Do if I Am Denied Financing for a Liquor License?

Most often, with the required downpayment and structure of the repayment of the loan it is unlikely that you will be denied liquor license financing for your Florida quota liquor license. Beverage License Specialists are built on integrity, efficient customer service, and industry-specific information. In the 30+ years we have been in business, we have become experts in Florida liquor license costs and can help you find the best option for your liquor business.

The Importance of Partnering with a Professional

Are you feeling somewhat confused about financing a Florida liquor license? You aren’t alone. Not only do you need to find a reputable lender that will provide fair terms for your loan, but you also need to be very precise about completing the process correctly. Additionally, it’s important to select a type of financing that’s suited to your needs and preferences.

For this reason, it is highly recommended that you work with a professional. That way, you can have someone advocating for you every step of the way, as well as knowledgeable support for all necessary preparation and documentation.

Beverage License Specialists is a professional brokerage firm in Florida that specializes in assisting businesses in the process of financing their liquor license (in addition to many other services we provide). Our extensive experience and up-to-date industry knowledge makes us an excellent partner in the financing process. We’ll help match you with the lender and financing option that’s right for you, finding the best liquor license loans in Florida at competitive rates.
Rather than struggle with the headache of attempting the process alone, let us serve as a trusted professional that puts your needs first.

Beverage License Specialists: Experts in Florida Liquor License Requirements

Whether you’re preparing to transfer, sell, finance, or buy a liquor license, navigating the process can be an intimidating experience. Because Florida licensing requirements can be fairly complex, even seasoned entrepreneurs can easily make a misstep.

Beverage License Specialists is a Florida liquor license brokerage firm with over three decades of experience, utilizing our breadth of knowledge and professional resources to simplify the process for business owners around the state.

We’ve spent years mastering the intricacies of state requirements and regulations, making us the ideal partner in your professional venture. From using the collateral of your license to purchase a Florida quota liquor license to getting a business loan with your FL license as a means to free up capital, our team can help you do it all.

Our broad range of services means that we can customize an approach that suits your specific needs, presenting solutions that serve your business and goals. You can be confident that the Beverage License Specialists team is well-equipped to guide you towards successful licensing, cutting down on stress and frustration considerably. Because you benefit from an experienced broker on your side, your risk for error will be dramatically reduced.

For more information about how to finance a FL liquor license, contact Beverage License Specialists today.

Contact Beverage License Specialists

Address: 1015 NW 9th Ave, Fort Lauderdale, FL 33311

Office Phone: 954-369-5858

Toll Free: 800-523-7651

Fax: 954-727-9001

If you are seeking to buy, sell or finance a Florida liquor license, contact Beverage License Specialists today