Whos got their own restaraunt?

**rajiv1998** · 07-26-2010, 05:47 PM

So my dad wants to get a liquor license for his restaraunt but its costing him $500,000. Hes still thinking about it but WTF is it so damn expensive? Do you have to get in renewed once it expires or something??

**SHines-IT** · 07-26-2010, 05:49 PM

Parents looked into at one time, and that cost is about right... I forget why it was so much, but probably to line the governments pockets.

**86 IROC-Z** · 07-26-2010, 05:50 PM

I do.

Females only though. Limited menu. Reservations required. Max party number of three. coolface.jpg

**SiggyZ** · 07-26-2010, 05:54 PM

I do. Ever heard of McDonalds? Well over a billion served and still going strong.

**FSANE** · 07-26-2010, 05:58 PM

annual renewal fee for Plenary Retail Consumption Liquor License is $200

initial should be around $75,000 - $100,000

**rajiv1998** · 07-26-2010, 05:59 PM

For $500,000 he could buy me...
New ZR1, ZL1 camaro, GMMG blackbird,Gt500 KR, along with a long list of other cars!

**86 IROC-Z** · 07-26-2010, 06:01 PM

Originally Posted by rajiv1998

For $500,000 he could buy me...
New ZR1, ZL1 camaro, GMMG blackbird,Gt500 KR, along with a long list of other cars!

Spending $500,000 on cars for his son that will depreciate in value over time

or

Spending $500,000 on a liquor license that will make his restaurant much more popular and profitable.

gee whiz I just can't for the life of me make an edjumacated guess as to which option he might choose.

**FSANE** · 07-26-2010, 06:02 PM

it also depends on the location.

Few years ago before the market crashed, a license could cost around 1 million. in towns like toms river.

**rajiv1998** · 07-26-2010, 06:03 PM

Originally Posted by 86 IROC-Z

Spending $500,000 on cars for his son that will depreciate in value over time

or

Spending $500,000 on a liquor license that will make his restaurant much more popular and profitable.

gee whiz I just can't for the life of me make an edjumacated guess as to which option he might choose.

Tough choice, I know.

**rajiv1998** · 07-26-2010, 06:04 PM

Originally Posted by FSANE

it also depends on the location.

Few years ago before the market crashed, a license could cost around 1 million. in towns like toms river.

This is in North Brunswick. Things are gradually getting a little better which is why the price is going up on things like these

**INMY01TA** · 07-26-2010, 06:06 PM

Price to pay for being able to pay pennies for a pint of beer and sell it for $4.00.

**rajiv1998** · 07-26-2010, 06:09 PM

Originally Posted by INMY01TA

Price to pay for being able to pay pennies for a pint of beer and sell it for $4.00.

Yeah it def pays for itself very quickley if the restaraunt/bar does well. Its like 10 min from Rutgers, so I am willing to guess there will be a lot of young kids.

**rajiv1998** · 07-27-2010, 08:55 AM

I just dont know why its so expensive? My aunt had a restaraunt a while back and she paid around 100k for hers and her place was much bigger than ours. I hope my dad isnt getting ripped off. How much does a good restaraunt account for liquor sale anually? Should I be able to make the money back and start making profits within 2-3 years?

**SHines-IT** · 07-27-2010, 08:58 AM

I would say half if not more of there profit is in the drunks.

**Zinergy** · 07-27-2010, 09:23 AM

Originally Posted by SHines-IT

I would say half if not more of there profit is in the drunks.

The smoking ban went into effect around here. I stopped by some local bars that on a saturday would normally be packed and there was like 10 people in each. That ban seems to sure be hurting bars, the drunks would rather by a bottle stay at home and smoke lol.

**SHines-IT** · 07-27-2010, 09:26 AM

We had one for years, smoke ban hurt a bit but over all I think it helped in the long run. I smoke a couple cigars a week... But can't see smoking out side my own home.

**Zinergy** · 07-27-2010, 09:43 AM

Originally Posted by SHines-IT

We had one for years, smoke ban hurt a bit but over all I think it helped in the long run. I smoke a couple cigars a week... But can't see smoking out side my own home.

Yes but a huge percent of drinkers smoke. If you want to make money off booze around here atleast you better have a nice patio or area setup for them to do so.

**SHines-IT** · 07-27-2010, 09:44 AM

I wish I could smoke in the club/lounge...

**Soltakr** · 07-27-2010, 10:14 AM

I'm serving up beef cake 24/7

**Zinergy** · 07-27-2010, 01:52 PM

Originally Posted by SHines-IT

I wish I could smoke in the club/lounge...

You can smoke if 25% or more of the walls have windows is the rule that was added last minute. Now the bars who dont have enough windows are losing there buisness to bars that do.