Alcohol Licenses & Restaurants(On air date :08-17-2013)
Restaurant brokers along with industry guests discuss alcohol licenses and restaurants on the We Sell Restaurants Radio Show.
Joined by hosts, Robin and Eric Gagnon is a panel of distinguished guests. Michele Stumpe is a seasoned litigator for Taylor, English, Duma, LLP and Grace Yang is a member of the Alcohol and Beverage Group for GrayRobinson, P.A.
The panel will discuss the process in obtaining a liquor license and the ongoing programs set in place to minimize liabilities as a restaurant owner. The guests will explain the laws that govern alcohol sales and the day to day operations an operator must adhere to, to maintain their liquor license. The panel will explain why the alcohol laws vary depending on jurisdiction and list the toughest and easiest states to obtain a liquor license. Industry expert, Michele Stumpe also shares the three prong approach to mitigate the risks of an operator.
In the last segment of the show, Restaurant Reality, restaurant brokers, Robin and Eric Gagnon discuss the ugly truth about failure to comply with alcohol regulations, internal alcohol theft, and revocation of a liquor license.
In the United States, alcohol generates 90 billion in sales each year. On average, 75 percent of typical restaurant revenue is in alcohol sales making alcohol a crucial factor in the success of a restaurant. However, the strict alcohol laws set in place can increase the business liability and failure to comply with these laws can result in license revocation.
Those restaurants with higher alcohol ratios will ultimately outperform those without, with a huge caveat, as long as controls are in place, said restaurant broker, Robin Gagnon.