How a Creative Cocktail Program with a Beer and Wine License Can Help Your New Restaurant Succeed
3 Min Read By Gino and Henry Santos
Opening a restaurant in competitive markets like South Florida is no easy task. Nearly 49 percent of restaurants fail within their first five years, and the 10-year survival rate is less than 35 percent, according to the U.S. Bureau of Labor Statistics. High rents, competition, and fees make it tough for new restaurants to stay afloat. However, one way to boost your restaurant's chances of success is by using a beer and wine license to offer creative cocktails—without the high cost and red tape of a full liquor license.
The Hidden Costs of a Full Liquor License and a Cost-Effective SolutionAcross the U.S., obtaining a full-service liquor license can vary significantly in cost, but Florida's process is especially challenging due to a county-based quota system that limits the number of licenses available. Restaurant owners looking to purchase an existing license can face prices up to $1 million depending on demand.
This financial burden is not unique to Florida…
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