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Liquor licenses downtown to possibly expand

GRDadof3

By GRDadof3
in Grand Rapids

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Nitro Burg

Nitro

Posted
Posted

This whole idea is highly controversial.

As the article states, a liquor license on the open market sells for $90-100K. They've become more costly through the years but I can't remember one less then $60K. Now, you want to hand out more for the paultry price of $20K?

That's a darn fine way to undermine the value of the existing liquor licenses that are out there and completely piss off all of the restaurants that have had to pay the higher price for one. Doesn't sound like good business to me.

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bigbobspizza Unincorporated Area

bigbobspizza

Posted
Posted

I can see both sides of this issue. I have often thought of opening a downtown location but knew the cost of a liquor license would make this very difficult. On the flip side my current license has a value that now may be lower because of this new law.

I like the fact that these new licenses go back to the municipality if the business does not succeed. This may help to preserve some of the value of a non-restricted license.

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WOT Whistle-Stop

WOT

Posted
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I can see both sides of this issue. I have often thought of opening a downtown location but knew the cost of a liquor license would make this very difficult. On the flip side my current license has a value that now may be lower because of this new law.

I like the fact that these new licenses go back to the municipality if the business does not succeed. This may help to preserve some of the value of a non-restricted license.

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Ted Whistle-Stop

Ted

Posted
Posted
This whole idea is highly controversial.

As the article states, a liquor license on the open market sells for $90-100K. They've become more costly through the years but I can't remember one less then $60K. Now, you want to hand out more for the paultry price of $20K?

That's a darn fine way to undermine the value of the existing liquor licenses that are out there and completely piss off all of the restaurants that have had to pay the higher price for one. Doesn't sound like good business to me.

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svs650k3 Whistle-Stop

svs650k3

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Do businesses need a permit to be BYOB? I actually enjoy places like Marado that don't serve but allow you to bring your own alcohol to dinner. I was recently at a restaurant in Philly that was pretty upscale but didn't have a liquor license. Allowing patrons to bring their own is a great way to get people in the door for dinner.

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ericnmu Whistle-Stop

ericnmu

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Do businesses need a permit to be BYOB? I actually enjoy places like Marado that don't serve but allow you to bring your own alcohol to dinner. I was recently at a restaurant in Philly that was pretty upscale but didn't have a liquor license. Allowing patrons to bring their own is a great way to get people in the door for dinner.
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Ted Whistle-Stop

Ted

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To make an investment on the open market and get screwed is on thing. For existing restaurants, that paid the price, to get thrown under the bus by their own city government is another.

Don't cut the legs off of the businesses that made the commitment to be there first.

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rivegauche Whistle-Stop

rivegauche

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Do businesses need a permit to be BYOB? I actually enjoy places like Marado that don't serve but allow you to bring your own alcohol to dinner. I was recently at a restaurant in Philly that was pretty upscale but didn't have a liquor license. Allowing patrons to bring their own is a great way to get people in the door for dinner.
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