Some acquired licenses by purchasing licensed restaurants, especially in neighborhoods such as the North End, where the city rarely or never granted new licenses. In those cases, beer and wine licenses typically made up $10,000-$50,000 of the cost of a restaurant, and all-alcohol licenses made up about $150,000-$200,000, industry observers said.
Now, the going rates for existing licenses are about $40,000 to $125,000 for a beer-and-wine license, depending on location, and about $225,000 to $325,000 for an all-alcohol license."
Where would the 55 new liquor licenses go? Please not in Allston!
No comments:
Post a Comment