Liquor Stores and Bars

Liquor store owners come to us when they want to sell one of their existing store and realize the "Out of State" broker doesn't even know the most fundamental laws of RI liquor licenses. 

Whether your are looking to exit for retirement or maybe help family grow in the business we are the Rhode Island experts 

What we provide is business valuation, industry marketing, navigating a seemless licensing transfer where we act as a fiduciary on your behalf, not just a "broker".

We're local. We Live here. and we want what's best for our clients.

Call us today on 401-252-0000 or make contact by email, or through our contact form.

Steps to sell your Liquor Store on your own or with our guidance

Selling a liquor store can be a complicated and emotional process, but with the right preparation and guidance, it can be a smooth transition. Here are some steps to help you successfully sell your liquor store:

1. Determine the value of your business: Get an accurate valuation of your liquor store by considering factors such as sales, profits, inventory, and location. You can hire a professional appraiser or consult with a business broker to get a fair market value.

2. Prepare the necessary documents: Assemble all important documents such as financial statements, tax returns, inventory lists, lease agreements, and any other relevant records. A prospective buyer will want to see these documents to get a clear picture of the business they are purchasing.

3. Market your business: Advertise your liquor store for sale to reach the maximum number of potential buyers. This can include online listings, classified ads, and even word of mouth. You can also reach out to business brokers or agents for assistance.

4. Negotiate with potential buyers: After attracting interested buyers, you'll need to negotiate the terms of the sale. Be prepared to discuss the price, payment terms, and any other conditions of the sale. A good business broker can help with the negotiation process.

5. Close the sale: Once the terms of the sale have been agreed upon, it's time to close the deal. You'll need to transfer the ownership of the business, transfer any licenses and permits, and finalize any financing arrangements. A lawyer can assist you with the legal aspects of the sale.

In conclusion, selling a liquor store can be a challenging but rewarding process. By following these steps, you'll be well on your way to a successful sale and a smooth transition to your next venture.