# Liquor license transfer

A term used when buying restaurant.

The approval that moves a license to a new owner, on the state's timetable, not the deal's.

Where liquor is a meaningful share of sales, the license is not a document that comes with the keys. Transfers run through a state or county board with its own hearing calendar, its own investigation of the buyer, and in some places a quota that makes the license an asset worth more than the equipment. Establish the process, the timeline, and whether the [license transfers](https://searchspheresource.com/glossary/license-transfer) or must be bought, before agreeing a closing date, and expect to operate under a management agreement if the calendar and the closing do not line up.

Part of: Buying a Restaurant (https://searchspheresource.com/guides/buying-a-restaurant)

Source: https://searchspheresource.com/guides/buying-a-restaurant/terms/liquor-license-transfer
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt