|37. New Jersey: $1.7 mil for a Liquor License (New Jersey)
Do I hear $1.7 million?
Philly Inquirer Columnist
August 30, 2007
The partners of Swanky Bubbles paid $1.6 million for their liquor license as they took over the former Olive on Evesham Road in Cherry Hill. This may be an all-time U.S. record, if lawyers who watch such issues are correct.
Licenses in Pennsylvania and New Jersey are sold on the open market, subject to supply and demand.
Top prices in Philadelphia are about $70,000, while the most anyone can recall paying for one in the Pennsylvania counties is $350,000.
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