The cost of setting up a restaurant is often enough to send the unprepared entrepreneur running in the other direction as they realize how quickly these expenses can add up. Among these costs, getting a liquor license can be one of the most expensive (it can cost upwards of $450,000), and the process of acquiring one is extremely challenging to navigate. Getting a Boston liquor license is not an easy process, mainly due to the laws that are in place restricting such licenses. Any prospective restaurant owner looking to establish a full-service restaurant needs to overcome this obstacle if he or she wishes to realize success.
Licenses Are Not Easy to Obtain
Liquor licensing laws around the country often make it difficult to obtain a license, and Boston is right up there as one of the most difficult cities in which to obtain a license. Even when a prospective restaurant owner has the necessary capital to obtain a Boston liquor license, these licenses are restricted based on the population of an area. For many new restaurants, this often means waiting until an existing restaurant is willing to sell off its liquor license, or going through the arduous process of seeking a special exception, which will take much more time and money.
Traditional Restaurants Need a License
Though certain restaurants such as a pizzeria or small diner may be able to survive without a liquor license, any more traditional location will find itself in an uphill battle. For independent restaurant owners, liquor sales will often account for twenty percent or more in sales. To add to this, liquor sales also experience a much higher profit margin than food, which can be much easier on the bottom line. This means that prospective owners need to do whatever they can to ensure that their restaurant starts out with the proper licensing to bring in as much business as possible.
Ultimately, anyone looking to establish a more traditional restaurant where dinner is a major focus will find that a liquor license is what brings in the most profit. Beyond the increased profit margins on liquor, some customers simply will not eat at a restaurant that does not serve liquor because they are looking for that complete dining experience. When it comes time to purchase a liquor license for your new restaurant and you wish to seek out the best professional advisors to help establish your new restaurant business, contact Anthony McGuiness of Sassoon & Cymrot for individual guidance and consultation.